• Journal of the Korea Safety Management & Science
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• v.11 no.4
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• pp.255-260
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• 2009

The purposes of this study is to verify whether insider trader get the excess return using inside information. For this we divide inside traders into four groups according to their ownership: maximum shareholder, main shareholders, 5% shareholders and executives. Also we categorize inside traders into three groups: personal investor, foreign investor and institutional investors. After insiders trade their stock, excess return is reported for 20days and the size of excess return of executives and institutional investor is larger than that of other groups. It means more strict monitoring system is needed in the domestic stock market.

• Proceedings of the Safety Management and Science Conference
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• 2009.11a
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• pp.589-599
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• 2009

The purposes of this study is to verify whether insider trader get the excess return using inside information. For this we divide inside traders into four groups according to their ownership: maximum shareholder, main shareholders, 5% sharehoders and executives. Also we categorize inside traders into three groups: personal investor, foreign investor and institutional investors. After insiders trade their stock, excess return is reported for 20days and the size of excess return of executives and institutional investor is larger than that of other groups. It means more strict monitoring system is needed in the domestic stock market.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 1995.10a
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• pp.1050-1053
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• 1995

A stock removal cycle is developed as a programming tool of the CNC lathe. This cycle support the easiness and swifness of a part program generation in the shopfloor. The cycle contains the function of tool path generation of rough/finish cutting, of avoidance air-cut for non-cylindrical (die-casted, forged) workpiece, and of the tool collisopn detection/aviodance. Consequently the intelligent stock removal cycle results in improving the productivity and safety of CNC lathe.

• Journal of the Korean Society of Systems Engineering
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• v.10 no.2
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• pp.43-50
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• 2014

The Centralized Traffic Control(CTC) System of Urban Railway is an element(subsystem) of the Urban Railway system to aim safety operation and efficient management of rolling stock in accordance with a train scheduling program in train operation ways. That's why the CTC System must be developed considering systematic and safety-guaranteed methods such as RAMS(Reliability, Availability, Maintainability, and Safety) refereed to IEC standards. The CTC System is consists of rolling stock, signaling, power supply, communication, and mechanical equipment and preforms control and remote monitoring functions. The technical activities considering safety process are very important at such an early stage of development in a railway project. This paper introduces RAMS activities and an independent safety assessment by $3^{rd}$ Party focused on a safety applied to a development of the CTC system of Urban Railway and proposes the experiences as well practices.

• International Journal of Railway
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• v.3 no.2
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• pp.68-72
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• 2010

Railway vehicles equipped with semi-active suspension system can improve the ride quality of car bodies. Semi-active suspension system is usually applied onto high speed train, and therefore higher running safety requirement is desirable. The influence of semi-active suspension system on safety of vehicles running on straight line and curve line is studied, and the influences of sky hook damping coefficient and system time-delay on operational safety of cars fitted with semiactive suspension system is analyzed. The results show that in vehicles equipped with semi-active suspension system, while the vibration of car body is decreased, the running safety of cars is not affected to any significant degree. As a result, the ride quality is much improved with negligible deterioration of the running safety of cars.

• International Journal of Railway
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• v.2 no.4
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• pp.147-151
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• 2009

Railway vehicles equipped with semi-active suspension system can improve the ride quality of car bodies. Semi-active suspension system is usually applied onto high speed train, and therefore higher running safety requirement is proposed. The influence of semi-active suspension system on safety of vehicles running on straight line and curve line is studied, and the influences of sky hook damping coefficient and system time-delay on operation safety of cars fitted with semiactive suspension system is analyzed. The results show that the vehicles equipped with semi-active suspension system, not only the vibration of car body is decreased, it can also give little influence on running safety of cars, as a result, it will not endanger the running safety of cars.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.3
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• pp.149-156
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• 2020

The study aims to investigate a close relation between macro and non-macro variables on stock performance of tourism companies in Korea. The sample used in this study includes monthly data from January 2001 to December 2018. The stock price index of the tourism companies as a dependent variable are obtained from Sejoong, HanaTour, and RedcapTour as three leading Korean tourism companies that have been listed on the Korea Stock Exchange. This study assesses the tourism stock performance using the quantile regression approach. This study also investigates whether global crisis events as the Iraq War and the global financial crisis as non-macro variables have a significant effect on the stock performance of tourism companies in Korea. The results show that the oil prices, exchange rate and industrial production have negative coefficients on stock prices of tourism companies, while the effects of tourist expenditure and consumer price index are positive and significant. We estimate the result of quantile regression that non-macro determinants have statistically a significant and negative effect on tourism stock performance because the global crisis could threaten traveler's safety and economy. Overall, empirical results suggest that the effects of macro and non-macro variables are statistically asymmetric and highly related to tourism stock performance.

• Proceedings of the Safety Management and Science Conference
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• 2002.11a
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• pp.321-339
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• 2002

The result of variance decomposition through yield of Treasury of 30 year maturity of USA, S&P 500 index, stock price of KEPCO has 76.12% of impulse of KEPCO stock price at short-term horizon, but they have 51.40% at long-term horizon. After one year, they occupy 13.65%, and 33.25%. So their effects are increased. By the way, S&P 500 index and yield of Treasury of 30 year maturity of USA have relatively more effect for forecast of stock price oi KEPCO at short-term & long-term. The yield of Treasury of 30 year maturity of USA more than S&P 500 index have more effect for stock price of KEPCO. It is why. That foreign investors through fall of stock price of USA invest for emerging market is less than movement for emerging market of hedge funds through effect of fall of yield of Treasury of 30 year maturity of USA, according to relative effects for stock price of Korea companies. The result of variance decomposition through won/dollar foreign exchange rate, yield of corporate bond of 3 year maturity, Korea Stock Price index(KOSPI), stock price of KEPCO has 81.33% of impulse of KEPCO stock price at short-term horizon, but they have 41.73% at long-term horizon. After one year, they occupy 23.57% and 34.70%. So their effects are increased. By the way, KOSPI and won/dollar foreign exchange rate have relatively more effect for forecast of stock price of KEPCO at short-term & long-term. The won/dollar foreign exchange rate more than KOSPI have more effect for stock price of KEPCO. It is why. The recovery of economic condition through improvement of company revenue causes of rising of KOSPI. But, if persistence of low interest rate continues, fall of won/dollar foreign exchange rate will be more aggravated. And it will give positive effect for stock price of KEPCO. This gives more positive effect at two main reason. Firstly, through fall of won/dollar foreign exchange rate and rising of credit rating of Korea will be followed. Therefore, foreign investors will invest more funds to Korea. Secondly, inflow of foreign investment funds through profit of won/dollar foreign exchange rate and stock investment will be occurred. If appreciation of won against dollar is forecasted, foreign investors will buy won. Through this won, investors will do investment. Won/dollar foreign exchange rate is affected through external factors of yen/dollar foreign exchange rate, etc. Therefore, the exclusion of instable factors for foreign investors through rising of credit rating of Korea is necessary things.

• Journal of the Korea Safety Management & Science
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• v.6 no.2
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• pp.263-274
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• 2004

The foreign capital of appropriate scale is affirmative in stabilizing the domestic foreign exchange and stock market. But its excessive scale threatens corporate governance by a hostile M&A and causes the out-flow of national wealth and the unhealthiness of finn because foreign investors require high dividend through the superiority of stock ownership ratio. Therefore, the government and corporate must make the defensive countermeasure of corporate governance for the foreign capital immediately.

• Journal of the Korea Safety Management & Science
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• v.3 no.4
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• pp.113-122
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• 2001

This study is to examine the effect of layoff on shareholders' wealth. Firms make layoff decisions by reason of cost cutting, lower performance, demand decline, restructuring. Therefore, I think that stock market responds to layoff positively, since the firm's labor productivity and profitability is improved after execution of layoff, I find that layoff variables effect on abnormal return positively in regression analysis. This means that layoff sends positive signal to the stock market for the firm's future performance. Therefore, layoff has a good effect on shareholders' wealth.