• Korea Trade Review
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• v.45 no.3
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• pp.147-166
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• 2020

As the volume of trade between Korea and Vietnam increases, the number and amount of commercial disputes between Korean and Vietnamese companies are increasing. In the case of Vietnam, due to differences in the arbitration system and norms due to the socialist state system, foreign companies lack confidence in the settlement of disputes through commercial arbitration in Vietnam. At this point, it is necessary to not only discuss commercial disputes and settlements, but also to closely review and understand Vietnam's commercial dispute settlement system. Therefore, this study examines the current status and characteristics of Vietnam's commercial disputes and analyzes the actual problems of Vietnam Commercial Arbitration System that arise through the arbitral award of the Vietnam International Arbitration Center (VIAC), Vietnam's representative arbitration agency, and precedents on the recognition and enforcement of foreign arbitration awards in Vietnamese courts. In the end, this study seeks to revitalize the Vietnam Commercial Arbitration so that each disputed party may quickly deal with the commercial disputes, and seeks a more smooth solution through commercial arbitration in future trade claims between Korean and Vietnamese companies.

• Asia-Pacific Journal of Business
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• v.14 no.2
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• pp.33-49
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• 2023

Purpose - The purpose of this study is to examine the option selection and optimal trading of informed traders in KOSPI 200 options market based on the PIN (probability of informed trading) model of Easley et al.(2002). Design/methodology/approach - This study uses TAQ (trade and quote) data provided by Korean Exchanges (KRX) which contains all the bids and trades recorded during the continuous auction trading hours for the KOSPI 200 options between May 2019 and September 2020. Findings - First, there was no difference in the PIN between call and put options in the 2019 data, but the PIN of put options was slightly higher in 2020. Second, regardless of the type of option, the PIN was higher for in-the-money (ITM) options, and the PIN of out-of-the-money (OTM) options was the same as or slightly higher than that of at-the-money (ATM) options. Third, we found that the PIN decreases as trading liquidity increases, and fourth, the PIN increased sharply as the expiration date approached, especially for OTM options, while ITM and ATM options showed relatively weak effects. Fifth, for foreign and institutional investors, the periodicity of orders was observed in milliseconds, especially for foreign investors, where the periodicity of orders was clear and frequent in OTM options. The results suggest that the purpose of option trading varies depending on the moneyness from the perspective of the informed trader.

• Korea Trade Review
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• v.44 no.6
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• pp.1-21
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• 2019

In the case of a sea transport contract, the decision of the governing law, together with the choice of lex fori, shall be a legal issue in all legal disputes involving damage to the goods. In sea transport contracts, a paramount clause is often established in conjunction with the governing law clause, which can lead to conflict between these two clauses. Most B/L's back clauses contain a paramount clause that provides that the Hague Rules, Hague-Visby Rules, or foreign laws that prevail over other provisions of the terms. The Hague Rules and the Hague-Visby Rules, however, set different standards regarding the extent of the sea carrier's liability. Therefore, in the interpretation of ground conditions, it is an important question whether the Hague Rules or the Hague-Visby Rules are applied or whether each rule is applied as a law. For example, the paramount clause in the Superior Pescadores case was problematic in the interpretation of the term 'Hague Rules.' In this case, the English Court held that the expression 'Hague Rules' could be used to mean the Hague-Visby Rules, and not exclusively the Hague Rules. Therefore, the Hague-Visby Rules were applied in the judgment of this case, which suggests that this case can be a valuable precedent in future legal matters.

• Journal of the Korean Statistical Society
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• v.22 no.2
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• pp.361-368
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• 1993

In recent years, kernel type estimates are abundant. In this paper, we propose a bandwidth selection method for kernel regression of fixed design based on bootstrap procedure. Mathematical properties of proposed bootstrap-based bandwidth selection method are discussed. Performance of the proposed method for small sample case is compared with that of cross-validation method via a simulation study.

• Proceedings of the KSR Conference
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• 2005.05a
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• pp.1010-1016
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• 2005

Purpose of this research is considering activation way of stagnant railroad education. This research investigated domestic railroad education present condition and foreign countries' developed railroad college's education example by method of study. This research is going to produce railroad specialist who can achieve active and leading role base growth of railroad education and railroad industry development through link with resemblant railroad learning.

• Journal of the Korean School Mathematics Society
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• v.5 no.2
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• pp.59-70
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• 2002

In case of Korea, while discrete mathematics is included in the traditional school curriculum the 7th Educational Reform adds a new topic of Graph Theory making it an optional subject of highschool mathematics. However, a systematic research on the curriculum of discrete mathematics is still unsatisfactory. This study is focused on comparing the curriculum of discrete mathematics in Korea with that of other countries including the United States, Britain, Japan, and Canada. Consequently, it looks into problems concerning the school curriculum of discrete mathematics in Korea to devise a proper measure to improve.

• Proceedings of the Korea Contents Association Conference
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• 2014.11a
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• pp.355-356
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• 2014

많은 지역에서 구도심 개발이 지역정체성을 훼손하고 거주민의 소외라는 부작용에 직면하고 있는 가운데 가장 모범적인 도심개발사례 중 하나로 손꼽히는 부산 감천문화마을을 통해 지역의 문화와 역사가 어우러진 대표적인 명소로 자리 잡게 된 과정을 소개한다. 지역개발은 다양한 측면의 가치 창출을 동반하는 종합적인 기능과 더불어 관광수익의 창출이라는 경제적 가치를 추구한다. 감천문화마을은 구도심과 신도심간 양극화를 해소하고 지역이미지를 제고하는 차원에서 의미있는 도심재생사례가 될 것이다.

• Journal of Korea Technology Innovation Society
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• v.5 no.3
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• pp.293-306
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• 2002

This is a case study of induced innovation, especially the effects of regulations on the technology and market of cosmeceuticals. Korean government enacts a‘cosmetics law’in 2000, which force pre-inspection of cosmeceuticals before market entrance since 2001. This regulation makes brisk activities of technology and product development and the entrance of many firms in the market. This law is scheduled to be amended by the protest of foreign conn-tries such as USA and Europe.

• Proceedings of the Korean Society of Applied Entomolohy Conference
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• 2005.05a
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• pp.93-93
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• 2005

• Journal of the Korean association of regional geographers
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• v.18 no.2
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• pp.161-174
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• 2012

The main purpose of this paper is to find out the characteristics of foreign tourists comparing to Korean and how they evaluate the festival respectively. Data were collected during the 57th Baekje cultural tourism festival. The total of 674 sample sizes was collected during the festival, of which 558 respondents were domestic visitors, and 116 were foreign visitors. The empirical results showed that domestic visitors and foreign visitors are different in terms of the perception of performance evaluation, and satisfaction. Especially foreigners' degrees of satisfaction proved to be higher than those of koreans. It also expects the result of the study contribute to the development of efficient festival management policies and programs and facilities to meet the goals of cultural tourism festivals. Besides, the outcome of this research may be useful to other festivals and their future operation.