• Korea Trade Review
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• v.48 no.4
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• pp.47-66
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• 2023

Our study aims to explore the impact of China's foreign trade policy measures on the real exchange rate movement. We seek to provide specific references for the formulation of exchange rate and trade-related strategies. Our results indicate that China's bilateral trade is significantly influenced by movements in the Real Effective Exchange Rate (RER). When analyzing the relationship between aggregated trade flow and exchange rate movements, this paper finds that the depreciation of the real exchange rate leads to an increase in China's export volume and a slight decrease in its import volume. Moreover, China's export volume exhibits higher sensitivity to exchange rate volatility compared to the exchange rate level. Furthermore, the empirical findings regarding disaggregated trade flow suggest that different goods are affected differently by exchange rate movements. Capital goods and consumer goods, being in different stages of processing, show no negative impact on their import and export due to exchange rate depreciation. Consequently, we recommend deepening the industry's reform by improving production efficiency and transitioning the industrial structure to a higher processing stage. This approach can effectively reduce the negative impact of exchange rate depreciation.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.53-78
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• 2008

Foreign investors who invest in the Korean stock markets are exposed to two kinds of foreign exchange rate risk, the economic exposure and the translation exposure. The former is the foreign exchange rate exposure in return generating process of the assets invested and the latter is the foreign exchange rate exposure in the translation of domestic return into foreign investors' currency. Domestic investors, however, are exposed only to foreign exchange rate exposure in the asset invested. This different situation on foreign exchange rate exposure between foreign investors and domestic investors can induce different response to exchange rate change by investor groups. Previous studies on foreign exchange rate exposure of Korean firms reported that quite a few Korean firms are exposed to foreign exchange risks and suggested to manage the foreign exchange risks. Also, many studies on the market segmentation showed that a market can be practically segmented according to the characteristics of investor groups. These studies support the hypothesis that the Korean stock market can be practically segmented by the foreign investors' attitude to the foreign exchange rate exposure. This study examines the response of both foreign investors and domestic investors to the foreign exchange rate exposures in Korean stock markets. Test results show that foreign investors increase their sell transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors attempt to actively manage the decrease in value of their assets due to rising of exchange rate. Analysis on the sell order data is also supportive to this interpretation. Foreign investors also increase their buy transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors use actively the relation between the increase in asset value and the translation gain due to declining of exchange rate. Analyses on buy order data, however, do not show the same result as the analyses on transaction data. This difference may come from the difference of information contained in transaction data and order data. In summary, the result of the paper supports the hypothesis that foreign investors response differently to foreign exchange rate exposure compared with domestic, Korean investors. Two groups do not show different response when exchange rate exposure is positive, i.e., as foreign exchange rate is increase (decrease), the asset value is increase (decrease). However, foreign investors' response is different from that of domestic investors when exchange rate exposure is negative, i.e., as foreign exchange rate is increase (decrease), the asset value is decrease (increase). These results mean that foreign investors and domestic investors are placed in different situations related to foreign exchange rate exposure, and these differences are reflected in the Korean stock markets. And domestic investors need to consider foreign investors' different attitude to the foreign exchange rate exposure when they analysis foreign investors' trading behavior.

• Applied Chemistry for Engineering
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• v.26 no.1
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• pp.1-16
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• 2015

In this review, we summarized some of membrane processes using the ion exchange membrane typically used in energy applications. Ion exchange membranes are classified according to their functions, formations (e.g. heterogeneous, homogeneous), and polymer type. Furthermore, various methods to prepare cation exchange membranes and anion exchange membranes were discussed in detail and also illustrated through a thorough review of the literature works. There are numerous reports highlighting recent research trends in the ion exchange membrane fabrication, however, in this review we will focus more on discussing the development made in ion exchange membranes and their potential usages in future technologies.

• Journal of KIISE:Computer Systems and Theory
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• v.30 no.3_4
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• pp.160-167
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• 2003

A static shuffle-exchange network is not only useful for several parallel applications but also use less hardware than the popular multi-stage network or hypercube. Even though it has a lot of advantages, it has never been used in any implemented parallel machine. One of the reasons is there has not been any techniques to make the network fault-tolerant. In this paper multiple fault-tolerant static shuffle-exchange networks are presented. In order to recover from k faulty processing elements, a network needs at least 2 k additional processing elements and at most 4 k additional shuffle ports for each processing elements. By decomposing the k fault-tolerant static shuffle-exchange network into m identical modules, this paper shows that the reliability of the network can be increased.

• Journal of Environmental Science International
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• v.7 no.1
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• pp.89-95
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• 1998

Ion exchange performance to remove nitrate in water was studied using commercially available strong base anion exchange resin of Cl- type in the batch and continuous column reactors. The performance was tested using the effluent concentration histories for continuous column or equilibrium conquilibrium between resin and solution. Anion exchange resin used in this study was more effective than activated carbon or zeolite for nitrate removal. With large resin amount or low initial concentration, nitrate removal characteristics for a typical gel-type resin was Increased. On considering the relation between the breakthrough capacity and nitrate concentration of the influent, the use of anion exchange resin were suitable for the hi선or order water treatment. The nitrate removal of above 90% could be possible until the effluent of above 650 BV was passed to the column. Thus, the commercially available strong base anion exchange resin of $Cl^-$ type used in thins study could be effectively used as economic material for treatment of the groundwater. The breakthrough curves showed the sequence of resin selectivity as $SO_4^{2-}$ > $NO_3$ > $NO^{2-}$ > $HCO_3^-$. The results of this study could be scaled up and used as a design tool for the water purification system of the real groundwater and surface water treatment processes.

• Korean Journal of Materials Research
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• v.26 no.9
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• pp.498-503
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• 2016

The characteristics of aqueous lithium recovery by ion exchange were studied using three commercial cation exchange resins: CMP28 (porous type strong acid exchange resin), SCR-B (gel type strong acid exchange resin) and WK60L (porous type weak acid exchange resin). CMP28 was the most effective material for aqueous lithium recovery; its performance was even enhanced by modifying the cation with $K^+$. A comparison to $Na^+$ and $H^+$ form resins demonstrated that the performance enhancement is reciprocally related to the electronegativity of the cation form. Further kinetic and equilibrium isotherm studies with the $K^+$ form CMP28 showed that aqueous lithium recovery by ion exchange was well fitted with the pseudo-second-order rate equation and the Langmuir isotherm. The maximum ion exchange capacity of aqueous lithium recovery was found to be 14.28 mg/g and the optimal pH was in the region of 4-10.

• Journal of Magnetics
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• v.17 no.4
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• pp.245-250
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• 2012

Ferromagnetic resonance and X-ray specular reflectivity measurements were performed on $Ni_{81}Fe_{19}/Ir_{20}Mn_{80}/Co_{90}Fe_{10}$ exchange bias trilayers, which were grown using the pulsed-DC magnetron sputtering technique on Si(100)/$SiO_2$(1000 nm) substrates, to investigate the evolution of the interface roughness and exchange bias and their dependence on the NiFe layer thickness. The interface roughness values of the samples decrease with increasing NiFe thickness. The in-plane ferromagnetic resonance measurements indicate that the exchange bias field and the peak-to-peak line widths of the resonance curves are inversely proportional to the NiFe thickness. Furthermore, both the exchange bias field and the interface roughness show almost the same dependence on the NiFe layer thickness. The out-of plane angular dependent measurements indicate that the exchange bias arises predominantly from a variation of exchange anisotropy due to changes in interfacial structure. The correlation between the exchange bias and the interface roughness is discussed.

• Safety and Health at Work
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• v.5 no.2
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• pp.53-59
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• 2014

Background: In a safety perspective, efficient knowledge management is important for learning purposes and thus to prevent errors from occurring repeatedly. The relationship between knowledge exchange among employees and safety behavior may be of particular importance in distributed organizational systems where similar high-risk activities take place at several locations. This study develops and tests hypotheses concerning the relationship between knowledge exchange systems usage, knowledge exchange in the organizational system, and safety compliance. Methods: The operational context of the study is petroleum drilling and well operations involving distributed high-risk activities. The hypotheses are tested by use of survey data collected from a large petroleum operator company and eight of its main contractors. Results: The results show that safety compliance is influenced by use of knowledge exchange systems and degree of knowledge exchange in the organizational system, both within and between units. System usage is the most important predictor, and safety compliance seems to be more strongly related to knowledge exchange within units than knowledge exchange between units. Conclusion: Overall, the study shows that knowledge management is central for safety behavior.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2002.03a
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• pp.39-51
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• 2002

Online exchange is a cost-effective approach to trade goods and information among multiple sellers and buyers. Shipping industry includes lots of global entities such as shippers, liners, ship owners and shipping agents. Marine insurance companies and ship repairers and many other groups are also supporting the industry. However, international shipping exchanges are located on few cities in the world. Its our motivation that a shipping market can be online so that market participants do the dealing while sitting where they are with more efficient manner, preferable price and larger pool of candidates of trading partners. This paper presents Korean governmental project of building a cyber shipping exchange. The exchange covers ship sale and purchase, charter, insurance, freight futures, repairs, supplying of ships oil and database service. The workflows of each business were analyzed and designed to fit for online environment. The project includes design of trading mechanism, online documents, data flow, data storage and security. Online match making and trading mechanisms such as auction, reverse auction, bid are used. The whole trading process involves multiple organizations and business processes. So, this Paper focuses on how each organization would play their roles so that users can complete transactions with integrated and transparent view. The online exchange selves also as maritime portal site that links to other sites for cooperation vertically or horizontally, and serves database and information in global perspective. This paper also issues and discusses the justification of an online shipping exchange

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2017.10a
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• pp.89-91
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• 2017

A currency exchange is the rate to exchange currencies between different countries and the one of important factors to measure the economic size or status of a country. The currency exchange is affected by various economic or social events and changed dynamically. However, since too many economic and social factors affect the exchange rate and the leverage rate of each factor is so floating, it is difficult to define clearly the relationships between the exchange rate and the specific factor. In this paper, we analyze the data pattern for the exchange rate and news articles. To do this, we counts the frequencies of words presented in the news articles during specific periods and compare the frequencies with the margins of exchange rates.