• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.1
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• pp.29-43
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• 2022

This study measures the realized rate of return of venture capital(VC) fund at the level of investment agreement(as opposed to fund level returns reported by most of the relevant studies). It also measures the stock price return of the VC's portfolio firms (unlisted start-ups) at firm level(as opposed to fund returns) and its variance for the first time using unique data of the VC funds held by the Korean Venture Capital Association. Results of the analysis confirm that VC fund returns exceed individual stock price returns. Additionally, it is confirmed that VC portfolio firms exhibit a positive relationship between risk and return measured by total risk. Finally, we find that stock price returns at firm level are lower than that implied by the associated levels of risk. Consequently, this may make individual investors hesitate to directly buy unlisted startups' stocks even when investment in individual startup companies guarantees high risk-high returns relationship.

• The Transactions of the Korean Institute of Electrical Engineers B
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• v.51 no.9
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• pp.509-514
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• 2002

The aim of this research is to find out how the common earth network affects the level of the traction return current in the $2{\times}25 kV$ Power Supply System. The traction return current plays a significant role in the operation of the facilities near the rails. It is shown that the common earth network in the $2{\times}25 kV$ power supply system not only minimizes the level of the traction return current, but also increases the safety of the working crew on the railways. In order to determine the relationship between common earth network and the traction return current, we investigated the earth system of the Gyongbu High Speed Line that is constructed following the SNCF regulations. We carried out the field test in the Osong station. The results of the test show that the common earth network minimizes the effect of the traction return current. We also find that the simulated results are very similar to the test results. We concluded that the results of the test can be applied for the rest of the Gyongbu High Speed Line under construction.

• Korean Journal of Construction Engineering and Management
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• v.5 no.6 s.22
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• pp.179-190
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• 2004

Present private infrastructure investment in SOC investment has increased up to $11\%$ compared to the year 2003 and it is expected to increase in the future. In spite of its rapid increasement we don't have definite standard or system on distinctly presented rate of return for domestic private infrastructure investment yet, and practical and scientific research is not sufficient, compared to its necessity and importance. Hence, in this study we tried to build theories systematically, which are related to rate of return of private infrastructure investment to promote SOC private infrastructure investment to last successfully and present the proper level of rate of return of private infrastructure we investment appropriate in domestic situations through diverse analysis. Therefore, to present reasonable rate of return, we used 5 methods: existing research analysis, case study, financial index analysis, analysis of investors rate of return, and analysis of rate of return in a real estate market. After comparing and analyzing these methods, Ive presented in the end the appropriate level of rate of return of private infrastructure investment, which can be applied in a domestic market.

• Journal of Korean Society of Rural Planning
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• v.20 no.1
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• pp.105-113
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• 2014

This study analyzed settlement motivation, life satisfaction factors, policy requirement targeting return farmers on mountain village. 8 target villages where return farmers live at least 10 people were selected according as cooperation of the local governments through literature by considering the area of the whole country. The return farmers in target villages were conducted a face to face survey with village headman's pre-coordination from February to September 2013. A total of 94 surveys were performed and 87 copies were used in the analysis. According to the results, the most important factor influenced the decision to be a return farmer was "my family health(3.97)". The correlation analysis was performed to examine factors related with satisfaction of "return farmer life in general". The result showed that "change of physical health" was the most important correlativity with 0.544 correlation coefficient and 0.05 significant level and "family relationship" was followed with 0.424 correlation coefficient and 0.05 significant level. According to the "important factor for the successful return-farmer life", 42.7% of respondents chose "harmonious relationships with local residents" and "stable source of income" was chosen by 29.3% of residents. A questionnaire for the analysis of policy requirements showed that "education system related Forestry(Agriculture)" was the highest demand with 4.oo points. The result can be used as a basis for establishing policies with activation of mountain villages to attract to constantly increasing population of return farmers.

• Journal of the Architectural Institute of Korea Structure & Construction
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• v.34 no.2
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• pp.29-40
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• 2018

Strength design wind loads for the wind resistance design of structures shall be evaluated by the product of wind loads calculated based on the basic wind speed with 100 years return period and the wind load factor 1.3 specified in the provisions of load combinations in Korean Building Code (KBC) 2016. It may be sure that the wind load factor 1.3 in KBC(2016) had not been determined by probabilistic method or empirical method using meteorological wind speed data in Korea. In this paper, wind load factors were evaluated by probabilistic method and empirical method. The annual maximum 10 minutes mean wind speed data at 69 meteorological stations during past 40 years from 1973 to 2012 were selected for this evaluation. From the comparison of the results of those two method, it can be found that the mean values of wind load factors calculated both probability based method and empirical based method were similar at all meteorological stations. When target level of reliability index is set up 2.5, the mean value of wind load factors for all regions should be presented about 1.35. When target level of reliability index is set up 3.0, wind load factor should be presented about 1.46. By using the relationship between importance factor(conversion factor for return period) and wind load factor, the return periods for strength design were estimated and expected wind speeds of all regions accounting for strength design were proposed. It can be found that return period to estimate wind loads for strength design should be 500 years and 800 years in according to target level of reliability index 2.5 and 3.0, respectively. The 500 years basic wind speed map for strength design was suggested and it can be used with a wind load factor 1.0.

• Safety and Health at Work
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• v.13 no.1
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• pp.32-39
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• 2022

Background: Industrial accidents can determine the overall level and quality of the work environment in industries and companies that contribute to national economic development. Korea has transformed the country from an international aid recipient to a donor country, but it has ranked first among the Organisation for Economic Co-operation and Development member countries in the number of fatal industrial accidents. Little has been known about the policy effects in terms of the workers' insurance for their industrial accidents and rehabilitation. This study raises two research questions about the influence of workers' personal characteristics and vocational rehabilitation services on their return to workplaces. Methods: The study implements weighted logistic regression analysis using propensity score matching. This research utilizes the relevant dataset (3,924 persons) of Korea's industrial accident and insurance. Results: The findings show that the level of workers' awareness of health recovery and their counseling for rehabilitation by physicians had positive effects on their return to work. Environmental factors such as workers' job stability at the time of industrial accidents and the temporal effects of industrial accidents (e.g., the level of disability, their age) had negative impacts on their return to work. Conclusions: These findings have policy implications that the concentration of rehabilitation services for patients who have been mildly affected by industrial accidents would be effective in the short and medium term. The findings also highlight the necessity of ongoing policies about workers' vocational recovery with concrete evidence about policy impacts.

• The Korean Journal of Applied Statistics
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• v.27 no.6
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• pp.947-958
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• 2014

Understanding extreme precipitation events is very important for flood planning purposes. Especially, the r-year return level is a common measure of extreme events. In this paper, we present a spatial analysis of precipitation return level using hierarchical Bayesian modeling. For intensity, we model annual maximum daily precipitations and daily precipitation above a high threshold at 62 stations in Korea with generalized extreme value(GEV) and generalized Pareto distribution(GPD), respectively. The spatial dependence among return levels is incorporated to the model through a latent Gaussian process of the GEV and GPD model parameters. We apply the proposed model to precipitation data collected at 62 stations in Korea from 1973 to 2011.

• The Korean Journal of Applied Statistics
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• v.33 no.1
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• pp.107-114
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• 2020

Extreme value distributions have often been used for the analysis (e.g., prediction of return level) of data which are observed from natural disaster. By the extreme value theory, the block maxima asymptotically follow the generalized extreme value distribution as sample size increases; however, this may not hold in a small sample case. For solving this problem, this paper proposes the use of a log-logistic (LLG) distribution whose validity is evaluated through goodness-of-fit test and model selection. The proposed method is illustrated with data from annual maximum earthquake magnitudes of China. Here, we present the predicted return level and confidence interval according to each return period using LLG distribution.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.24 no.3
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• pp.307-317
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• 2011

This paper is to investigate the possibility of the elastic seismic design for highrise buildings through seismic performance evaluation for potential earthquakes that wind-designed highrise buildings located in strong wind zone and low seismicity can be experienced. Highrise steel diagrid frames which is the most loved structural system in recent years were wind-designed and the substantial system overstrength due to wind design procedure is verified, For the highrise steel diagrid frames, the response spectrum analysis and the seismic performance evaluation by various soil sites were conducted. It was showed that highrise steel diagrid frames with slenderness of greater than 5.2 under strong wind and low seismic zones such as Korea peninsula can resist elastically for the 500 year return period earthquake and have the possibility of seismic design for the 2400 year return period earthquake. In the member level, highrise steel diagrid frames with slenderness of greater than 5.2 all presented the immediate occupancy level regardless of soil sites for the 500 year return earthquake and excluding the $S_E$ soil site for the even 2400 year return period earthquake. In the system level, highrise steel diagrid frames with slenderness of greater than 5.2 showed the immediate occupancy level for $S_A$ and $S_B$ soil sites and the life safety for $S_C$ to $S_E$ soil site in the 500 year return period. The seismic performance level of highrise steel diagrid frames for the 2400 year return period earthquake displayed one step lower than the 500 year return period earthquake.

• Earthquakes and Structures
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• v.11 no.4
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• pp.539-561
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• 2016

The rate of occurrence of intraplate earthquake events has been surveyed around the globe to ascertain the average level of intraplate seismic activities on land. Elastic response spectra corresponding to various levels of averaged (uniform) seismicity for a return period of 2475 years have then been derived along with modifying factors that can be used to infer ground motion and spectral response parameters for other return period values. Estimates derived from the assumption of uniform seismicity are intended to identify the minimum level of design seismic hazard in intraplate regions. The probabilistic seismic hazard assessment presented in the paper involved the use of ground motion models that have been developed for regions of different tectonic and crustal classifications. The proposed minimum earthquake loading model is illustrated by the case study of Peninsular Malaysia which has been identified with a minimum effective peak ground acceleration (EPGA) of 0.1 g for a return period of 2475 years, or 0.07 g for a notional return period of 475 years.