This paper investigate the volume-volatility and volume-return relationship in the Korean Treasury Bond futures market using daily price and volume data categorized by three trader type i.e. individual investor, institutional investor and foreign investor over the period of October 1999 through December 2005. Major results are summarized as follows: (i) The effect of volume on return was not different across the trader type. (ii) The effect of volume on volatility was not unidirectional across the type of investor. While unexpected sell of individual investor has positive effects on volatility, negative effects in the case of institutional investor. (iii) We cannot find the evidence of asymmetric response of volatility to shock in trading volume or net position. This result differs from that of Korean Stock Price Index 200 futures market which showed strong positive asymmetry. Finally, some limitations of this paper and direction for further research were suggested.
KSCE Journal of Civil and Environmental Engineering Research
/
v.32
no.3D
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pp.231-237
/
2012
The interrelation of integrity degree and country competitive power was known as high. But, according to the CPI announcement of Transparency International, the domestic Corruption Perceptions Index ranked 5 points, as being corrupt. It was investigated that the corruption level of Korea was getting worse most in the construction sector. In this way, it is emergent and inevitable to improve the transparency in the construction industry, accounting for 25-54% of the total corruption cases in our society. Transparency International has opened to the public the source data, utilized in the CPI measures in 2010. In the case of Korea, the 9 data of 6 organizations were utilized. According to the PERC, the corruption level of the private sector in Korea has been estimated as the worst among the 16 countries. In this context, this paper analyses the corruption level of Korea by utilizing the source data of the Transparency International CPI. And it aims to comprehend structural problems in the construction industry and to suggest implicative countermeasures through out the anti-corruption activities in the world. It propose finally an improvement of the structural causes in the construction industry, a promotion of effective punishment against corrupt practices, a reinforcement of the transparency management in the construction sector, etc.
KSCE Journal of Civil and Environmental Engineering Research
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v.32
no.6D
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pp.655-662
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2012
The aim of this study is to analyze tthe pattern of compacted area and the distribution characteristics in one-person household. Through ArcGis, we collect the basic data and classify the compact area in accordance with the pattern employing Ward method out of cluster analysis. The main results are found as follows; First, the station sphere type is located around Seomyun and Nampo-dong, which are the main CBD( Central Business District) This type must be essentially considered in residential plan for one-person household location. Second, the district oriented type is located around the subway and it has relatively better residential facilities and environments. Third, it is found that the younger worker including students resided in one room and villa in the type around university. Forth, the foreign workers and domestic workers in small and medium factory resided in the factory centered type which is far from the station sphere. Lastly, it is dormitory type which is isolated from the CBD, and insteadly amenable and well natural environment area, but students and workers in this area where there are lacking life-related facilities and aside from accessibilities feel uncomfortable.
Domestic explosive demolition techniques have been developed and applied for low-rise structures up to now. However, the demand for the development of those techniques that can be applied economically, safely and environment-friendly rapidly increases because the old high-rise RC rahmen structures that were built since around 1970s are now required to rebuild. As a result, element technologies of explosive demolition for low-rise structures were applied to take advantage of technology in high-rise structures that performed application testing at Chungang Department demolition field in Daejeon city. It could judge elements technology establishment for high-rise structure demolition and field application and suggest the improvements when the problems occurred to develop High-rise building demolition techniques for method of protection a field test and the dust reduction test. The water cannon test was applied to reduce the dust site and the drilling tests are performed to select the best components for explosives demolition elements techniques of the reliability. This paper shows that we have the ability to remove a high-rise building using environmentally friendly safe and economical explosives demolition method. It would contribute to prevent a foreign company from entering the domestic market and should contribute to acquire competitiveness of domestic demolition industry.
Several complex devices and equipments are installed in the car's engine room, including various kind of oils or other flammable materials. So re-ignition is very likely to take place in it. In addition, it is restrictive for the driver or the occupant to open the bonnet and to spray the fire extinguisher in the engine room due to the high possibility of explosion. Therefore, a fire extinguishing system, which can detect a fire and inject the fire extinguishing agent to extinguish it, and fire extinguishing agents including HFC-227ea, which can stand the high temperature within the engine room and hold the viscosity sufficient to keep it in the kind of foam, were developed and tested. And the suffocation effect and the cooling effect come from the fire extinguishing principle of the foam fire extinguishing agent and the inhibiter catalyst effect come from the one of HFC-227ea was led simultaneously, and fire extinguishing agents without the secondary damage caused by residuals after the fire extinguishment like a case of the powder fire extinguishing agent, were developed. And experiments using a vehicle collision after the discharge is complete, foreign material can be removed without extinguishing the advantage that experimental results obtained.
Due to the impressive flexural performance, enhanced compressive strength and more constrained crack propagation, Fibre-reinforced concrete (FRC) have been widely employed in the construction application. Majority of experimental studies have focused on the seismic behavior of FRC columns. Based on the valid experimental data obtained from the previous studies, the current study has evaluated the seismic response and compressive strength of FRC rectangular columns while following hybrid metaheuristic techniques. Due to the non-linearity of seismic data, Adaptive neuro-fuzzy inference system (ANFIS) has been incorporated with metaheuristic algorithms. 317 different datasets from FRC column tests has been applied as one database in order to determine the most influential factor on the ultimate strengths of FRC rectangular columns subjected to the simulated seismic loading. ANFIS has been used with the incorporation of Particle Swarm Optimization (PSO) and Genetic algorithm (GA). For the analysis of the attained results, Extreme learning machine (ELM) as an authentic prediction method has been concurrently used. The variable selection procedure is to choose the most dominant parameters affecting the ultimate strengths of FRC rectangular columns subjected to simulated seismic loading. Accordingly, the results have shown that ANFIS-PSO has successfully predicted the seismic lateral load with R2 = 0.857 and 0.902 for the test and train phase, respectively, nominated as the lateral load prediction estimator. On the other hand, in case of compressive strength prediction, ELM is to predict the compressive strength with R2 = 0.657 and 0.862 for test and train phase, respectively. The results have shown that the seismic lateral force trend is more predictable than the compressive strength of FRC rectangular columns, in which the best results belong to the lateral force prediction. Compressive strength prediction has illustrated a significant deviation above 40 Mpa which could be related to the considerable non-linearity and possible empirical shortcomings. Finally, employing ANFIS-GA and ANFIS-PSO techniques to evaluate the seismic response of FRC are a promising reliable approach to be replaced for high cost and time-consuming experimental tests.
This research explores websites of comics museum provided by the Korean Manhwa Museum and the Kyoto International Manga Museum and is supposed to analyze the type of content and finding out features. Since both museums specialize in comics and provide diverse information related to comics and their museums, this research analyze them on the basis of three types of categories, which are public relations content, professional content, and exhibition/education content The result shows that both museums generally provide similar type of information and content even though there are small differences. Especially, they have common points in the way that both offer detailed information of museum facilities and about exhibition schedules and education programs. However, the goal they are aiming at shows a difference. Korea Manhwa Museum tries to have interactive communication with its site visitors using the bulletin board system and to update newly published comics and events frequently managing separate websites. Kyoto International Manga Museum seems to focus on promoting itself in order to have more museum visitors. It provides detailed information such as history of the museum building, the object of setting up the museum and so on. Also, it provides four different foreign language websites.
This article examines the limitations of the choice of law caused by Internationally Mandatory Rules in Entering into the Turn-Key Contracts. In June 2007, Clough Engineering, a corporation based in Western Australia, approached the Federal Court of Australia seeking injunctive relief and leave to commence proceedings against an entity located outside Australia, the Oil & Natural Gas Corp of India (ONGC). Clough had contracted with ONGC to provide a range of services in relation to the construction of gas and oil wells off the coast of India. The contract was governed by Indian law, and included a clause by which the parties agreed to submit their disputes to arbitration. Yet the Federal Court assumed jurisdiction over the dispute, principally because Clough had framed its claim as a plea for relief for contraventions of Australia's Trade Practices Act 1974. The result of this cases that it is possible for an arbitral tribunal to hear a claim made under the Trade Practices Act even if that claim arises "in connection with"a contract the proper law of which is not the law of Australia. However, in Transfield Philippines Inc v Pacific Hydro Ltd, the turnkey contract included a choice of law provision, selecting the law of the Philippines, and a clause providing that all disputes arising out of or in connection with the agreement were to be arbitrated under the ICC Rules, with the seat in Singapore. Hearings were in fact conducted in Melbourne, Australia, although all awards were published in Singapore. The result of this cases that it would not be appropriate for an Australian court to adjudicate claims for misrepresentation under Australian statutes dealing with misleading and deceptive conduct, once the arbitral tribunal had determined, applying appropriate choice of law rules, that such claims are governed by the law of the Philippines. To do so would lead to a multiplicity of proceedings, usurp the jurisdiction of the tribunal and deny the intention of the parties as expressed by them in the arbitration agreement. In short, the Internationally Mandatory Rules as an active part of public order create limitation of party autonomy in choice of law rules in a different way. The court is fully entitled to refuse to use those rules of law applicable on the contract which are in the contradiction to the internationally mandatory rules of law of the forum. And the court may give an effect to those Internationally Mandatory Rules that form a part of a law of foreign country when deciding about applicability of certain rules of applicable law.
Journal of the Korea Academia-Industrial cooperation Society
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v.21
no.8
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pp.60-66
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2020
This paper presents a method for improving the selection of boundary areas suitable for Korea's situation based on domestic and foreign case studies on the establishment of boundary areas to protect people and the environment from chemical substances in response to chemical accidents and chemical terrorism. Currently, various related ministries are divided into hot zones, warm zones, and cold zones in common, but in specific areas, they are used in different ways in terms of terminology utilization. Therefore, it was suggested that the boundary areas be divided into four zones: hot zone, warm zone, cold zone, and safety zone. In addition, the terms warm zone and safety zone should be re-established. The existing ERPG acute exposure standard does not take into account various exposure times. Therefore, it is unsuitable for long-term exposure, so the priority of application should be AEGL, ERPG, PAC, and IDLHs. The CARIS information provision method is classified into substances that can or cannot be diffused or classified as indoor leaks. In addition, the wind direction trust line and the ERG's initial separation distance and protective action distance are expressed together so that they can be used for accident responses.
The Journal of Korean Institute of Communications and Information Sciences
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v.2
no.1
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pp.20-28
/
1977
The shipping business which consistutes main stream of foreign trades in the world desires more larger and higher speed ships to convey a large amount of cargo at a time rapidly and safely. They also want to introduce new techniques into transportation system so to meet the rapid growing demand of maritime mobile communications with the improvement of efficiency of radio apparatus and reduction of the hard labors of radio operators mechanization and modernization of radio apparatus is necessary. Now HF band is used mainly for communications between maritime mobile stations and coast stations but the quality of received signal is not so good and the coverage is not sufficient by the condition of propagation of waves. There is also limitation of channel capacity in HF band. So to cope with or improve of these defects and meet the demands of modern maritime communication it is essential to introduce maritime satellite communication system in this field. By using the maritime satellite we can establish high quality communication circuits as maritime Telex, Faximile, high speed data transmission line and can expand coverages. Therefore industrial rationalization of marine transportation is possible with the reduction of painful labors of radio operators by improving safety and promoting of efficiency of movement of ships and freights. Obviously it is prospected that the introduction of maritime satellite communication system will bring a rapid promotion of its usuage in maritime mobile communication field and also anticipated that maritime satellite communication system will be a main current in maritime mobile communication field over the world in the near future with moderated cost of transmission links as in the case of INTELSAT in the past 10 years after its first launching.
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