• Journal of Distribution Science
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• v.21 no.6
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• pp.21-29
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• 2023

Purpose: Research on equity carve-outs is necessary because the market has realized that they lead to holding company discounts by double counting, which can only be observed in the Korean market. Considering the differences in the SSG.com equity carve-out compared to previous cases in terms of business strategy, this study contributes to the literature by examining the effects on shareholder value in the Korean distribution industry. Research design, data, and methodology: This study investigated literature, analyst reports, and news articles to examine the causes of holding company discounts and analyze the SSG.com equity carve-out. Results: The monopoly of holding companies' listing premiums is the main cause underlying holding company discounts from equity carve-outs. Protections for minority shareholder value are challenging owing to the complexity of the process of acquiring rights, the short exercise period, and additional costs. Therefore, the motivation for equity carve-outs should be to increase overall shareholder value. Conclusion: By analyzing the reasons for holding company discounts in the Korean distribution industry, this study provides recommendations for improving shareholder value. Moreover, it contributes to the maturation of the Korean capital market by promoting a discussion on the revision of equity carve-outs.

• Journal of Distribution Science
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• v.21 no.4
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• pp.91-101
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• 2023

Purpose: Research on the valuation of the e-commerce distribution companies is necessary because the traditional valuation methodology cannot be easily applied. Considering the valuation and initial public offering (IPO) of Coupang, Korea's leading e-commerce company, this study contributes to the literature by examining various valuation methods applicable to corporate valuation in the e-commerce industry and provides their implications. Research design, data and methodology: This case study investigates research, analyst reports, news articles, and magazines to review the valuation methods for companies in the e-commerce industry and analyzes the case of the Coupang IPO. Results: A valuation method that considers growth potential, which is important for companies in the e-commerce industry, is used for IPOs. This led to Coupang's successful IPO on the New York Stock Exchange despite its accumulated losses. However, the continued price decline since listing suggests that Coupang's valuation should have considered more factors. Conclusions: This study provides guidelines for the valuation of companies in the e-commerce industry, which eventually improves the overall industry. Moreover, this study provides directions for improving the valuation methods for e-commerce firms.

• Journal of the Korean Society of Clothing and Textiles
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• v.46 no.6
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• pp.1004-1022
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• 2022

This study seeks to investigate K-fashion's external image by examining the trends in global media reporting. It applies Dynamic Topic Modeling (DTM), which captures the evolution of topics in a sequentially organized corpus of documents, and consists of text preprocessing, the determination of the number of topics, and a timeseries analysis of the probability distribution of words within topics. The data set comprised 551 online media articles on 'Korean fashion' or 'K-fashion' published on Google News between 2010 and 2021. The analysis identifies seven topics: 'brand look and style,' 'lifestyle,' 'traditional style,' 'Seoul Fashion Week (SFW) event,' 'model size,' 'K-pop,' and 'fashion market,' as well as annual topic proportion trends. It also explores annual word changes within the topic and indicates increasing and decreasing word patterns. In most topics, the probability distribution of the word 'brand' is confirmed to be on the increase, while 'digital,' 'platform,' and 'virtual' have been newly created in the 'SFW event' topic. Moreover, this study confirms the transition of each K-fashion topic over the past 12 years, along with various factors related to Hallyu content, traditional culture, government support, and digital technology innovation.

• Journal of the Korea Society of Computer and Information
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• v.14 no.1
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• pp.153-161
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• 2009

In this paper, we designed and implemented realtime DID(digital information display) system based on web server that displayed multimedia contents. The contents are weather, news information on the internet web sites and public relations or advertisements data on local systems. The DID system has client/server architecture that the server send to client that schedule informations and multimedia contents received form web server and the client displayed the contents though scheduled information. Therefore the systems overcome network fault for the mean time. Also, the system has realtime services of web page filtering function that extract the partial information of specific web pages.

• Journal of Korea Trade
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• v.26 no.8
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• pp.37-57
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• 2022

Purpose -International diplomacy is key for the cohesive economic growth of countries around the world. This study aims to identify the major topics discussed and make sense of word pairs used in sentences by Chinese senior leaders during their diplomatic visits. It also compares the differences between key topics addressed during diplomatic visits to developed and developing countries. Design/methodology - We employed three methods: word frequency, co-word, and semantic network analysis. Text data are crawling state and official visit news released by the Ministry of Foreign Affairs of the People's Republic of China regarding diplomatic visits undertaken from 2015-2019. Findings - The results show economic and diplomatic relations most prominently during state and official visits. The discussion topics were classified according to nine centrality keywords most central to the structure and had the maximum influence in China. Moreover, the results showed that China's diplomatic issues and strategies differ between developed and developing countries. The topics mentioned in developing countries were more diverse. Originality/value - Our study proposes an effective approach to identify key topics in Chinese diplomatic talks with other countries. Moreover, it shows that discussion topics differ for developed and developing countries. The findings of this research can help researchers conduct empirical studies on diplomacy relationships and extend our method to other countries. Additionally, it can significantly help key policymakers gain insights into negotiations and establish a good diplomatic relationship with China.

• Annual Conference of KIPS
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• 2020.11a
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• pp.773-776
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• 2020

웹 뉴스 기사는 태풍과 같은 재해 발생상황에 대한 신속하고 정확한 정보를 포함하고 있다. 예를 들어, 태풍의 발생시점, 이동·예측경로, 피해·사고 현황 등 유용한 정보를 텍스트, 이미지, 동영상의 형태로 관련 상황정보를 전달한다. 그러나 대부분의 재해재난 관련 뉴스 기사는 특정 시점의 정보만을 웹페이지 형태로 제공하므로, 시계열 측면의 연결성을 지니는 기사들에 대한 정보를 전달하기 어렵다. 또한 시간적 변화에 따라 기사 내용에 포함된 장소, 지역, 건물 등의 지명에 대한 공간적 정보를 지도와 연계하여 정보를 전달하는데 한계가 있어, 시공간적 변화에 따른 특정 재해재난 상황정보에 대한 전체적인 현황파악이 어렵다. 따라서, 본 논문에서는 데이터 시각화 측면에서 이러한 한계를 극복하기 위해, 1) 웹크롤링을 통해 구축된 뉴스 빅데이터를 자연어 처리를 통해 태풍과 관련된 뉴스 기사들을 추출하였고, 2) 시공간적 관련 정보를 지식그래프로 구축하였고, 이를 통해 최근 발생한 태풍 사건들과 관련된 뉴스 정보를 시계열 특성을 고려하여 3) 인터렉티브 지도 기반의 태풍 상황정보를 시각화하는 방안을 연구하였다.

• The Journal of the Korea Contents Association
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• v.22 no.2
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• pp.88-106
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• 2022

This study examined the social discourse on consumer boycott and explored consumer experience using text mining of mass media and social media data and the in-depth interview. The result showed that the topics of online news related to the boycott included the causes of the boycott, the responses of each actor in the process of the boycott, and the effects of the boycott. In the result of the in-depth interviews, it was found that the boycott has been decentralized and the participants had the experience of exploring and verifying information on their own. In the boycott process, there were mixed experiences due to the absence of substitutes and the marketing influence, and positive experiences of expressing one's thoughts and strengthening beliefs through the boycott.

• International Journal of Computer Science & Network Security
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• v.23 no.6
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• pp.202-206
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• 2023

Today, social media has become a vital tool. The world communicates and reaches the news and each other's opinions through social media accounts. Recently, considerable research has been done on analyzing social media due to its rich data content. At the same time, since the beginning of the COVID-19 pandemic, which has afflicted so many around the world, the search for a vaccine has been intense. There have been many studies analyzing people's feelings during a crisis. This study aims to understand people's opinions about available Coronavirus vaccines through a learning model that was developed for this purpose. The dataset was collected using Twitter's streaming Application Programming Interface (API) , then combined with another dataset that had already been collected. The final dataset was cleaned, then analyzed using Python. Polarity and subjectivity functions were used to obtain the results. The results showed that most people had positive opinions toward vaccines in general and toward the Pfizer one. Our study should help governments and decision-makers dispel people's fears and discover new symptoms linked to those listed by the World Health Organization.

• Annual Conference of KIPS
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• 2021.11a
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• pp.68-70
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• 2021

인터넷 가상화폐 거래소에 게시되는 공시를 분석하여 향후 게시된 공시가 가상화폐 가격에 줄 영향을 예측해보고자 한다. 과거 게시된 공시 데이터를 바탕으로 딥러닝을 이용해 영향치를 도출해낸다. 프로그램은 Python 언어로 작성하였으며, django 웹 프레임워크를 이용하여 결과치를 보여줄 수 있는 웹 사이트를 구현하였다. 또한 공시를 통합한 데이터를 이용하여 새로 게시되는 공시가 해당 가상화폐의 가격에 줄 예측치를 분석하였으며 해당 공시가 가상화폐의 가격에 어떻게 영향을 줄지 쉽게 판단할 수 없는 사용자들에게 도움을 줄 수 있을 것이다.

• East Asian Journal of Business Economics (EAJBE)
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• v.10 no.1
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• pp.95-108
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• 2022

Purpose - This study attempts a multifaceted analysis utilizing the Chinese test takers' results of the Economy & Business Aptitude Test. Since Chinese students study socialist theories of economics along with market-based ones, comparing Chinese university students' basic knowledge of economics and business and its application to those of Korean test takers is also very meaningful from the perspective of economics education research. Research design, data, and methodology - This study investigates the results on the test of economy and business understanding between Korea and China. For comparison of the result, we conducted MK-TEST for two universities in China. Result - This study finds that the average correct answer rate of Korea is higher than one of China according to the overall results. The average difference rate is about 15% between Korea and China. More concretely, the correct answer rate of business area is higher than one of economy area, identifying them by subject area. Conclusion - According to the results, this study can infer that there are no or little differences in the ability of examinee to solve applied questions between Korea and China and the differences of the scope and emphasis point in an academic curriculum between both countries might bring these kinds of results. Finally, Chinese students shows higher correct answer rate to the questions about the economy issues and policies related to China than one of Korea examinee.