• Title/Summary/Keyword: inter-relations

Search Result 196, Processing Time 0.021 seconds

Lead-Lag Relationships between Import Commodity Prices and Freight Rates: The Case of Raw Material Imports of Korea

  • Kim, Chi-Yeol;Park, Kwang-So
    • Journal of Korea Trade
    • /
    • v.23 no.2
    • /
    • pp.34-45
    • /
    • 2019
  • Purpose - This study investigates the lead-lag relations between the prices of major commodities imported into Korea and corresponding shipping freight rates. This paper aims to provide implications for cross-market causal relations between related economic segments. Design/Methodology - For economic long-run equilibrium between commodity prices and freights, a Johansen (1988) cointegration test is employed first. Then, Granger (1987) causality tests are performed under the vector error correction model (VECM) framework. Findings - The results indicate that the direction of causality varies by raw materials, which is attributable to different economic mechanisms in the corresponding shipping transportation sectors. In addition, the significance of causality becomes blurred during the post-2008 period. Practical Implication - Corporate managers in commodity trading, steelmaking, power generation, and oil refinery sectors can take advantage of the findings in this study as identifying leading economic indicators can be helpful for decision making in both short- and long-term strategies. Originality/value - This study is the first attempt to analyze the inter-relations between commodity prices and corresponding freight rates focusing on raw material imports of Korea.

The Study on the Government's North Korea Policy through Game Theory (게임이론을 통해 살펴본 역대정부의 대북정책 연구)

  • Ryu, Ho-Kuk;Lim, Gye-Hwan
    • Convergence Security Journal
    • /
    • v.17 no.1
    • /
    • pp.69-79
    • /
    • 2017
  • This study focuses on the fact that the past government has been consistent with the one-sided withdrawal policy without any clear countermeasures in relation to the ongoing nuclear development of the DPRK. The purpose of this study is to improve the understanding of South Korea's North Korea policy and to present the direction of the North Korea policy in the future by comparing and researching the North Korea policy pursued by Lee Myung - bak government / Park-Geun-Hye government. Such an attempt will provide a basis for evaluating the previous government's policies toward North Korea, and will also help to find alternatives to sustainable inter-Korean relations and North Korea policy to achieve a unified Korea.

Characteristics of Elementary Students' System Thinking in Learning of Water Cycle (물의 순환 학습 상황에서 초등학생의 시스템 사고의 특징)

  • Kim, Bo-Min;Maeng, Seungho
    • Journal of Korean Elementary Science Education
    • /
    • v.39 no.3
    • /
    • pp.412-432
    • /
    • 2020
  • The purpose of this study is to explore the characteristics and the level of fourth grade elementary students' system thinking when they learn the unit of "Journey of Water" in terms of four key elements of system thinking such as understanding of the structure of a system, non-linearity and cyclic features, inter-relations and feedback between system properties, and temporal and invisible aspects of a system. Data included students' worksheets and their responses to a set of Likert-scaled and written assessment items on water cycle. The results showed that the level of students' system thinking did not have any hierarchy in relation to the key elements of water cycle system. In addition, the aspects of individual student's system thinking on its sub-elements were different from each other. Also, there were core ideas of system thinking which were intensively considered according to a given context to understand a complex systemic subject. When students learn water cycle, understanding of non-linearity and inter-relations were weaker compared with other key elements of system thinking. Therefore, if these two factors are taught in advance, it can promote understanding of whole system of water cycle.

May 24 Measures and Future North Korea Policy (5.24 대북조치와 향후 대북정책 과제)

  • Kim, Tae-Woo
    • Strategy21
    • /
    • s.34
    • /
    • pp.128-148
    • /
    • 2014
  • In south Korea, the so-called 'conservative-liberal' rivalry over the assessment of the government's North Korean policies is seen to be impeding the road to right policy choices. For example, the liberals accused former President Lee Myung-bak's hardline policy of provoking Pyongyang and leading to a deterioration of inter-Korean relations, while the conservatives appreciated it for helping nurture mutually beneficial inter-Korean relations in the longer term by compelling North Korea to observe international norms. However, such debate over the vices and virtues of Seoul's North Korea policies is hardly meaningful as the measuring sticks used by the liberals and the conservatives are entirely different matters. The two major goals South Korea must pursue with its North Korean policies should be 'peaceful management of division' and 'change in North Korea'. The former is related to maintaining stability within South Korea and promoting co-prosperity with North Korea. For this, the nation needs to engage, encompass and assist the Pyongyang regime. The second goal is also necessary since South Korea, as a divided nation, must seek a unified Korea under the system of democracy and market economies by bringing change in North Korea. For this, South Korea needs powerful leverages with which it can persuade and coerce the North. This means that the nation is destined to simultaneously chase the above-mentioned two goals, while also both recognizing and negating the legitimacy of the North Korean regime. This situation necessitates Seoul to apply flexibility in reconciling with Pyongyang while applying firm principles to sever the vicious circle involving the North's military provocations. The May 25 Measures, which banned trade and economic cooperation with the North except those related to humanitarian assistance, were taken as sanctions against Pyongyang for sinking the South Korean corvette Chonan in March 2010. The Measures were taken by the Seoul government immediately after a multinational investigation team discovered evidence confirming that the South Korean naval ship had been torpedoed by a midget North Korean submarine. Naturally, the May 24 Measures have since then become a major stumbling block in inter-Korean exchange, prompting opposition politicians and concerned entrepreneurs to demand Seoul to unilaterally lift the Measures. Given the significant damages the Measures have inflicted on inter-Korean economic relations, removing them remains as homework for both Koreas. However, the Measures pertains to the 'principles on national security' the Seoul government must adhere to under all circumstances. This is why North Korea's apology and promises not to repeat similar provocations must come first. For now, South Korea has no alternative but to let North Korea solve the problems it has created. South Korea's role is to help the North do so.

The Characteristics of Structural Change in Knowledge Network of Korean Manufacturing Industries (한국 제조업 지식네트워크 구조변화의 특성)

  • 김문수;오형식;박용태
    • Journal of Technology Innovation
    • /
    • v.6 no.1
    • /
    • pp.71-98
    • /
    • 1998
  • This paper analyzes the characteristics of technological knowledge flow-structure of Korean manufacturing in dynamic perspective. In doing that, the concept of the knowledge network is introduced which is defined as a set of industries and their interaction(knowledge flow) or linkage. The analysis of the inter-industrial knowledge flows is based on the technological similarity by using R&D researchers' academic background in the year of 1984, 1987, 1990. The analysis is carried out by such methodology as network analysis, indicator analysis and simple statistical analysis. And the final results are drawn both in absolute terms(dimension effect) and in relative terms(proportion effect) respectively. The main findings are as follow. First, the Korean manufacturing knowledge network appears to strengthen existing inter-industrial knowledge linkages rather than to construct new linkages. Second, the network seems to form a dualistic structure in that some high-technology sectors(knowledge production sectors) emerge along with traditional sectors(knowledge absorbing sectors). Third, since the mid-1980s, an inter-industrial fusion is witnessed among technologically intensive sectors, indicating that some sophisticated innovation modes are emerging in Korean manufacturing system. And fourth, by using the relations of the inter-industrial knowledge-flows, we classified manufacturing industries into 3 type ; knowledge-outflow sector, knowledge-inflow sector and knowledge intermediary sector.

  • PDF

Korean Probabilistic Dependency Grammar Induction by morpheme (형태소 단위의 한국어 확률 의존문법 학습)

  • Choi, Seon-Hwa;Park, Hyuk-Ro
    • The KIPS Transactions:PartB
    • /
    • v.9B no.6
    • /
    • pp.791-798
    • /
    • 2002
  • In this thesis. we present a new method for inducing a probabilistic dependency grammar (PDG) from text corpus. As words in Korean are composed of a set of more basic morphemes, there exist various dependency relations in a word. So, if the induction process does not take into account of these in-word dependency relations, the accuracy of the resulting grammar nay be poor. In comparison with previous PDG induction methods. the main difference of the proposed method lies in the fact that the method takes into account in-word dependency relations as well as inter-word dependency relations. To access the performance of the proposed method, we conducted an experiment using a manually-tagged corpus of 25,000 sentences which is complied by Korean Advanced Institute of Science and Technology (KAIST). The grammar induction produced 2,349 dependency rules. The parser with these dependency rules shoved 69.77% accuracy in terms of the number of correct dependency relations relative to the total number dependency relations for best-1 parse trees of sample sentences. The result shows that taking into account in-word dependency relations in the course of grammar induction results in a more accurate dependency grammar.

A Study on the Labor Inducement Coefficient of Software Industry through Reclassification of the Inter-Industry Table (산업연관표의 재분류를 통한 소프트웨어산업의 노동유발계수 분석에 관한 연구)

  • Choi, Jinho;Ryu, Jae Hong;Lim, Gyoo Gun;Shin, Ik Ho
    • Journal of Information Technology Services
    • /
    • v.13 no.3
    • /
    • pp.165-181
    • /
    • 2014
  • This study proposes the accurate labor inducement coefficient (employment inducement coefficient/hiring inducement coefficient) of Korea software industry by analyzing the inter-industry relation using the modified inter-industry table. To rewrite the inter-industry table of Korea, some previous studies related to the inter-industry analysis were reviewed and the key problems were identified. First, in the current inter-industry table published by the Bank of Korea, the output of software industry includes not only the pure software related output but also the output of non-software section due to the misclassification of the industry. This causes the output to become bigger than the actual output of software industry. Therefore, if the inter-industry table is not modified, the labor inducement coefficient would be overestimated too much. Second, during rewriting the inter-industry table, the output is changing. The inter-industry table is the table in the form of rows and columns, which records the transactions of goods and services among industries which are required to continue the activities of each industry. Accordingly, if only an output of a specific industry is changed, the reliability of the table would be degraded because the table is prepared based on the relations with other industries. This possibly causes the labor inducement coefficient to be over or underestimated. This study tries to correct these problems to get the more accurate labor inducement coefficient of the software industry. First, to get the output of the pure software section only, the data from the Korea Electronics Association (KEA) was used in the inter-industry table. Second, to prevent the difference in the outputs during rewriting the inter-industry table, the difference between the output in the current inter-industry table and the output from KEA data was identified and then it was defined as the non-software section output for the analysis. The followings are the labor inducement coefficient obtained when the output is divided into the pure software section (package software, and IT service) and non-software section. As of 2011, the employment inducement coefficients of pure software section, package software section and IT service of Korea were 8.616, 13.998, and 7.773 respectively while the labor inducement coefficients of pure software section, package software section and IT service of Korea were 7.979, 13.332, and 7.083, respectively.

Children Coping with Stress : Effects of Inter-Parental Conflicts, Parent-related Stress and Communication between Parent-Child (아동의 스트레스 대처행동에 미치는 부모갈등, 부모관련 스트레스, 부모자녀 간 의사소통의 영향)

  • Lim, Joo Hee;Choi, Youn Shil
    • Korean Journal of Child Studies
    • /
    • v.27 no.4
    • /
    • pp.233-246
    • /
    • 2006
  • This study investigated effects of parent-related variables on children's coping with stress. Subjects were 409 4th, 5th, and 6th grade children(213 boys and 196 girls) selected from three elementary schools in Seoul and Incheon. Data were analyzed by frequency, mean, and hierachical multiple regression. Major findings were that among the inter-parental conflicts perceived by the children, self-blame and triangulation affects children's coping behavior resulting in children's aggressive and passive/avoidant behaviors. The more children experience parent-related stress, the more children show aggressive and passive/avoidant coping behaviors. With more open-communication in parent-child relations, children's coping shows more active and social support seeking coping behaviors during stress situations.

  • PDF

Study on Changes and Development Trends of the Trade Structure between Korea and China

  • Hang, Gao
    • Asian Journal of Business Environment
    • /
    • v.2 no.1
    • /
    • pp.19-23
    • /
    • 2012
  • The economic exchanges have become increasingly frequent between China and Korea and the average annual growth rate of the total trade volume has increased by 30% since the establishment of diplomatic relations between the two countries. With the rapid economic growth and industrial upgrading of China, there are changes in the investment of Korea in China and domestic demand of China, and the trade structure of Sino- Korea has changed a lot in recent years. The changes have mainly manifested in the following aspects, including the increased proportion of high-tech products, raw materials and the intra-industry trade, the decreased proportion of consumer goods, the inter-industry trade and the trade deficit of China. With the development of the situation of international economy, the scale of Korea and China trade will continue to expand and the structure of Korea and China trade will also keep on changing in the long run.

  • PDF

COMPARATIVE STUDY ON INTER-ORGANIZATIONAL RELATIONS BETWEEN KEIRETSU AND PARTNERING

  • Takashi Kaneta;Shinji Yoshihara;Shuzo Furusaka
    • International conference on construction engineering and project management
    • /
    • 2005.10a
    • /
    • pp.992-995
    • /
    • 2005
  • Partnering has taken root all over the world as a remedy for the adversarial relation between parties concerned with construction projects. It is deemed to be derived from Keiretsu in Japan where parties related cooperate with one another as a team gaining reputations for completing projects on schedule and budget while maintaining high standard of quality. However, Keiretsu is now being weakened in proportion to the economic recession and there is an important change that needs to happen in the industry. The aims of this study are to find out the essence of Keiretsu by comparing Keiretsu with Partnering and to look for the direction of the reform plan.

  • PDF