• Asia-Pacific Journal of Business
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• v.10 no.2
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• pp.27-41
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• 2019

Following the methodology of Ben-Rephael, Kadan and Wohl (2015), this paper examines whether firm-level liquidity premium exists and whether the premium exhibits a long-term trend in the Korean stock market. The results show that over the whole sample period (1998-2018), a liquidity premium of 0.083% exists in the cross-section of stocks. Interestingly, the pricing of liquidity declines significantly over the sample period. Sub-period analysis indicates that liquidity is priced mainly in the first sub-period (1998-2004) with a significant monthly premium of 0.304%, while the pricing of liquidity becomes weaker or insignificant in the second (2005-2011) and the third (2012-2018) period. I also find that the significance of the liquidity premium in the first period is attributed to small stocks. To explore underlying reasons that might affect the decline in the liquidity premium, I decompose liquidity premium into the product of firm-level liquidity and the sensitivity of expected stock returns on liquidity. The results reveal that the long-term decline is explained by both an increase in firm-level liquidity and a decrease in the sensitivity of expected returns on liquidity.

• Journal of the Optical Society of Korea
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• v.3 no.2
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• pp.74-79
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• 1999

We present a simple design rule for a passive temperature-compensating optical package. We also present experimentally that a package fabricated by using the design rule compensates the temperature dependence of the resonant wavelength of an optical long period fiber grating by varying the strain inside the fiber, The package fabricated in this work consists of two pieced of brass tube, 10 mm long, and a piece of nylon rod, 45.4 mm long. It is shown that the package can compensate the temperature-induce wavelength shifts of the long period grating to a range of 6.8 pm/$^{\circ}C$, compared with 0..48 nm/$^{\circ}C$ for an uncompensated grating. The reduced strength of the fiber caused by exposure to ultraviolet limits the performance of the package to the range operating temperature form -3 $^{\circ}C$ to 7$0^{\circ}C$.

• Journal of The Korean Astronomical Society
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• v.27 no.2
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• pp.133-146
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• 1994

We have detected a SiO maser line (v=1, J=2- 1) for 15 stars out of about 80 long period variables in the wide range of period. No new sources are detected; all detected sources are variables with period longer than 300 days; no evidence is found that the dust grains in the outer envelope have influenced on this line. The time variation of this maser line for 7 stars, T Cep, ${\mu} Cep$, U Her, R Leo, R Lmi, U Ori, and R Ser is observed and compared with optical light curve at the same epoch of maser observation. No universial relation between the time variation and the optical light curve is found. It implies that the radiation from a central star does not much play an important role for the direct pumping of the SiO maser line.

• Journal of the Korean Society of Safety
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• v.20 no.3 s.71
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• pp.143-151
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• 2005

In this study, it is demonstrated that how the effect of the Near Fault Ground Motion affects the response of the structure. Considering the general characteristic of Near Fault Ground Motion the characteristics of Near Fault Ground Motions is analysed by elastic response spectrums, and the inelastic response spectrum is evaluated with the ductility and the yield strength to consider the inelastic behavior which couldn't be simulated through the elastic response spectrum. The result of this study shows that the effect of Near Fault Ground Motion should be considered in the long period range of long span structures but the domestic seismic design code was developed based on Far Fault Ground Motions, so the effects of Near Fault Ground Motions, which is very serious especially in large structures with a long period, are not considered. Therefore, the effect of the Near Fault Ground Motion has to be examined especially in the seismic performance evaluation of long period structure.

• Journal of the Korean Society of Food Culture
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• v.20 no.3
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• pp.352-359
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• 2005

The red ginseng powder was added to Yackwa dough as ratio to 0%, 2%, 4%, 6% and 8%, respectively to know effect of red ginseng powder on Yackwa quality and preservation. The expansion, color, texture and preference characters were investigated at 0,2 and 4 weeks, respectively. The peroxide and acid value were also measured. The 4% addition increased greatly expansion rate. In color test, L value lowed at addition of red ginseng powder and at long storage period. the b value lowed as the addition was increased, but a value was not affected by the addition of red ginseng powder. In mechanical texture test, addition of red ginseng powder had a tendency to show low cohessivness, springness, gumminess while hardness increased. The springness, brittleness and cohessivness decreased while hardness increased at long storage period. In sensory test, surface color, bitterness and red ginseng flavor were recognized strong by addition of red ginseng powder but oily taste, crispness, softness and overall preference were weak. The surface color and red ginseng flavor were strong at long storage period but sweetness, softness and overall preference decreased, respectively. The peroxide value increased at long storage period and decreased after 6 week. The 2% and 4% addition showed lower peroxide value compared to other treatment. The acid value increased at early storage period, but did not change after 4 weeks.

• Journal of the Korean Society of Costume
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• v.58 no.3
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• pp.116-122
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• 2008

This study aims at defining the meaning of Pobeckchuck in the historical view-point, which appeared in the History of Joseon Dynasty, regarding the periods from the ruling period of Sunjo to that of Sunjong as the latter part of history. Pobeckchuck used in King Sejong was redressed in accordance with the measurement in the Kyeonggukdadejeon(code), in which time one Pobeckchuck was 46.80cm long. It is known that Juchuck, Hwangjongchuck, Youngjochuck, Joraegichuck etc. which had been used in the ruling period of Sejong Dynasty, were used till the period of Youngjo. Also, the document shows that in the 12th ruling period of Sunjo, Pobeckchuck was used for measurement, and in the 20th ruling period of Sunjo, newly-made ruler was only used for the measurement of fields, but no more details about how long it was. But according to the document complied at that time, one Pobeckchuck was 46.80cm long, which fact reveals that the same measurement was used as in the ruling period of Sunjo. When all the measurement laws which were established in the 3rd year of Junghee, the 6th year of Kwangmu were abolished, Pobeckchuck was solely banned from its use, which fact offers a glimpse of how confusing at that period was. The comparison and examination among many documents in the latter part of Joseon Dynasty show the differences within about 4cm that one Pobeckchuck ranged from 44.80cm to 48.80cm long. But no other document on measurement appeared in the History of Joseon Dynasty, except for the 46.80cm. Thus, the 46.80cm corrected in the ruling period of Sunjo proves that one chuck in Pobeckchuck adopted by the dynasty was used as the measurement of length till the ruling period of Sunjong.

• Journal of the Korean Society of Clothing and Textiles
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• v.23 no.6
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• pp.829-840
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• 1999

Ordinarily hair styles and headclothes show the racial characteristics. Uighur's men had let their long hair hang down their back in many queues, According to the order of estates men wore double high coronets hthree-pointed coronets from the headdress. Married women wore the felt headdress. The type of men's clothes were long caftans which had a round collar slits on the both sides and tight sleeves. They tied Chan Die belts and wore long boots. Women wore long tunics with everted collar which was decorated. Later the type of women's dress was changed into the long caftan. Late period of Turfan Uighur Mongol style had appeared.

• Journal of the Korean Society of Costume
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• v.56 no.3 s.102
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• pp.91-106
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• 2006

The purpose of this study is to examine the differences of long-term relationship intention process according to consumer characteristics. Data for this research was collected from 540 women older than 20 years old in Seoul, Gwangju, and Gyeonggi-do. The results are as follows. First, relationship consumers having relationship with stores were different from customers having relationship with a brand in specific store in the long-term relationship intention process. Second, consumers having relationship for a long period and consumers having relationship for a short period showed differences in long-term relationship intention process. Third, strong relationship consumers and weak relationship consumers showed differences in long-term relationship intention process. Forth, involvement groups showed differences in long-term relationship intention process. These results imply that fashion retailers need set up the relationship strategy for subdivision groups along consumer characteristics.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.23 no.5
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• pp.393-400
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• 2011

The mass transport is very complicated at the area which has the macro tide and complex geometry such as Gyeonggi bay. Especially, the long period current has a strong influence on the estuarine ecosystem and the long-term distribution of substances. The long period current is caused by several external forcing, whose unique characteristic varies spatially and temporally. The variation characteristics of long period current is analysed and its generation mechanism is studied. The tidal nonlinear constituents such as overtide and compound tide are generated due to nonlinear interaction and it causes mean sea level setup. The tidal wave propagating up into estuary is transformed rapidly by decrease of cross-sectional area and depth. Therefore the mean sea level is getting rise toward upriver. The high and low tide level is similar between down-river(Incheon) and up-river(Ganghwa) during neap tide when the tidal deformation is decreased. The tidal phase difference between two tidal stations causes a periodic fluctuation of sea level difference. The low water level of Ganghwa station during spring tide does not descend under EL(-)2.5 m, but the low water level of Incheon fall down under EL(-)4.0 m. The variation of tidal range and its sea level are increased during spring tide. It is found that the long period current $M_{sf}$ is quite similar to that of sea level difference between the two tidal stations. It means that the sea surface inclination caused by the spatial difference of tidal deformation is important forcing for the generation of long period current.

• Journal of Korean Neurosurgical Society
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• v.65 no.5
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• pp.710-718
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• 2022

Objective : Although endovascular treatment for intracranial aneurysms is considered effective and safe, its durability is still debated. Also, few studies have described angiographic follow-up plan after endovascular treatment of intracranial aneurysm, especially in ruptured cases. Hence, we report the long-term results of follow-up angiography protocol. Methods : Radiological records of 639 cases of coil embolization with ruptured aneurysms from March 2003 to December 2016 were retrospectively reviewed. Patients who received treatment of a saccular aneurysm less than 7 mm resulted with near complete occlusion were included. Two hundred thirty-eight aneuryms which received the follow-up angiography at least once were enrolled. We classified four periods of follow-up as follows : post-treatment 1 year (defined as the first period), from 1 to 2 years (the second period), 2 to 5 years (the third period), and over 5 years (long-term). Results : We identified 14 cases (6.4%) of recurrence from 218 aneurysms in follow-up angiography in the first period. Among 143 aneurysms in the second period, five cases (3.5%) of recurrence were identified. There were no findings suspicious of recanalization in 97 patients in the third period. Of the total 238 cases, there were 19 recurrences, for a recurrence rate of 8.0%. Six (31.6%) out of 19 recurrences showed a tendency toward repeat recurrences even after additional treatment. Twenty-eight received long-term follow-up over 5 years and there was no recurrence. Conclusion : Most of the recurrence were found during the first and the second year. We suggest that at least one digital subtraction angiography examination may be necessary around post-treatment 2 years, especially in ruptured cases. If the angiographic results are favorable at 2 years post-treatment, long-term result should be favorable.