• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.10
• /
• pp.207-218
• /
• 2021

The present research intends to examine the herding aspect during the COVID-19 outbreak. The study is conducted to achieve specific objectives, so the underlying sampling technique is purposive sampling. The considered data source is the Pakistan Stock Exchange (PSX). Daily stock prices of 528 listed companies in PSX have been taken from the official website of PSX from 1998 to 2021. The current study envisions investigating the herding aspects for pre-pandemic and the time covering the pandemic period. The study has also targeted ten sectors of PSX. The present study's motive is to investigate investors' herding prospects before and during the pandemic in the Pakistan Stock Exchange (PSX) and its selected sectors. Daily closing stock prices of listed companies have been collected from the official website of PSX to calculate the stock returns. The Cross-Sectional Absolute Deviation (CSAD) has been used as a herding measure. Findings revealed that herding has not been observed in PSX during both time spans and even not during the bullish and bearish trends. However, robust sectoral evidence has been observed during the pandemic. It implies that investors in PSX tend to follow the crowd irrespective of making their own decisions to avoid further losses.

• Journal of Ecology and Environment
• /
• v.45 no.3
• /
• pp.117-129
• /
• 2021

In this review, we aimed to synthesize the current knowledge on the observed and projected effects of climate change on the ecosystems of Korea (i.e., the Republic of Korea (ROK) or South Korea), as well as the main causes of vulnerability and options for adaptation in these ecosystems based on a range of ecological and biogeographical data. To this end, we compiled a set of peer-reviewed papers published since 2014. We found that publication of climate-related studies on plants has decreased in the field of plant phenology and physiology, whereas such publication has rapidly increased in plant and animal community ecology, reflecting the range shifts and abundance change that are occurring under climate change. Plant phenology studies showed that climate change has increased growing seasons by advancing the timing of flowering and budburst while delaying the timing of leafing out. Community ecology studies indicated that the future ranges of cold-adapted plants and animals could shrink or shift toward northern and high-elevation areas, whereas the ranges of warm-adapted organisms could expand and/or shift toward the areas that the aforementioned cold-adapted biota previously occupied. This review provides useful information and new insights that will improve understanding of climate change effects on the ecosystems of Korea. Moreover, it will serve as a reference for policy-makers seeking to establish future sectoral adaptation options for protection against climate change.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.10
• /
• pp.169-177
• /
• 2022

The main aim of the paper is to assess the level of financial literacy among business students. It further aims to investigate the role of external factors that may determine financial literacy. The external factors considered in this study are gender, grade point average, specialization, financial education, and financial socialization. Standard scales such as the Test of Financial Literacy, the Big Three, and other instruments were adapted to measure Financial Knowledge. Further, the study also explored relationships between several factors and the financial knowledge of students. These factors included a student's gender, specialization, number of finance or related courses studied, current Grade Point Average, and financial socialization. A total number of 303 valid responses were received through an online questionnaire administered to business students studying in a public university in the country. Statistical tests namely independent samples t-Test, one-way ANOVA, and correlation analysis were performed in SPSS 28.0. Results show that the overall financial knowledge of students is above average. Gender, number of finance or related courses, and financial socialization do not exhibit any significant relationship with financial knowledge. Current GPA and specialization show significant relationships. The findings of this study have important sectoral and research implications.

• Korea Trade Review
• /
• v.47 no.4
• /
• pp.233-254
• /
• 2022

Although there is growing literature evidence of linkages between global value chains (GVCs) and foreign direct investment (FDI), the results are mixed and ambiguous by geographic dimension, time period and sectoral scope. Moreover, bilateral approaches on these connections have been rarely analyzed. In this context, we investigate the effect of bilateral greenfield FDI and cross-border M&A on GVC linkages between host countries and source countries. We match three-year averages of bilateral FDI and UNCTAD-Eora GVC value-added data from 2005 to 2019 between 37 OECD sources and 176 host countries (37 OECD versus 139 non-OECD countries). In the structural gravity model, the empirical specification includes bilateral and country-period fixed effects and uses a Poisson Pseudo-Maximum Likelihood (PPML) estimator. We find that greenfield and M&A FDI promote forward and backward GVC linkage for all sectors between OECD countries, whereas greenfield FDI promotes backward GVC linkage between OECD and non-OECD countries. In addition, the results indicate that the degree of influence of GVCs by FDI flows is greater for forward GVC than backward GVC among OECD countries.

• Journal of Preventive Medicine and Public Health
• /
• v.57 no.2
• /
• pp.157-166
• /
• 2024

Objectives: Children with disabilities may exhibit a multitude of symptoms, and treatment requires a multidisciplinary approach for a satisfactory outcome. Lack of awareness among physicians, lack of referral, and lack of inter-sectoral coordination have hindered paediatric practice in Tamil Nadu, a state in India with a striking childhood disability rate that warrants a timely interdisciplinary approach. However, the perspectives of paediatricians on paediatric physiotherapy are unknown. The aim of the study was to investigate the perspectives of practicing paediatric physicians in Chennai on the role of physiotherapy in paediatrics. Methods: For an in-depth exploration, qualitative semi-structured interviews were conducted in person with 10 paediatricians. Audio from the sessions was recorded and transcribed, and data saturation was achieved through iterative analysis. Results: A grounded theory analysis of the results yielded 5 domains under which the perspectives and expectations of the physicians were described, along with the barriers experienced by patients' parents as explained by their paediatrician. The responses highlighted deficits in awareness, structural support, accessibility and direct communication between physicians and physiotherapists. Conclusions: Paediatric physicians have different opinions, and some ignorance persists concerning paediatric physiotherapy. This study warrants a proper structure of the paediatric rehabilitation unit and regular interdisciplinary meetings and focus group discussions to increase access for parents and improve patient outcomes.

• Journal of Aerospace System Engineering
• /
• v.13 no.3
• /
• pp.64-69
• /
• 2019

The purpose of this study is to explore the current status and challenges of the space development system in Korea following the successful launch of test vehicle, the Korean space launch vehicle II on the 30th anniversary of space development and seek an alternative to the government organizations for efficient space development future. The study investigates the space development system of leading countries such as USA, France, and Japan with keen focus on the administrative organizations and thereafter draw implications for Korea. The analysis of the existing situation in Korea focuses on governance, such as space-related government organizations, space development agency, and specialized research funding agency. As a result, this study proposes the need for full-scale discussion on building a space agency.

• Environmental and Resource Economics Review
• /
• v.24 no.1
• /
• pp.55-84
• /
• 2015

Korea is one of the few OECD countries having no binding Greenhouse gas (GHG) emissions reduction obligations under the Kyoto Protocol. Korea is going to enforce a powerful greenhouse gas emissions control to the industry from 2015. Current GHG reduction policies do not take into account the trade-off between economic growth and GHG mitigation, this approach will not be sustainable. Sectoral approach, considering industry by industry may be more eco-friend approach. This study verified the validity of the analysis results counted from whole procedure of energy input-output analysis and decomposition analysis to sector 'Organic basic chemical products' and 'Cement and concrete products'. Empirical test was performed using changes in energy consumption, production, process improvements and new facilities. Although the results showed unstable fluctuations from Divisia index decomposition analysis, it was verified that the entire procedure can provide a clue in understanding of the industry's energy and GHG footprint.

• Journal of Digital Convergence
• /
• v.15 no.1
• /
• pp.443-452
• /
• 2017

Architectural history traces the changes in architecture through various traditions, regions, overarching stylistic trends, and dates. This study identified terminologies related to the proximity and frequency in the architectural history areas by text mining and association analysis. This study explored terminologies by investigating articles published in the "Journal of Architectural History", a sole journal for the architectural history studies. First, key terminologies that appeared frequently were extracted from paper that had titles, keywords, and abstracts. Then, we analyzed some typical and specific key terminologies that appear frequently and partially depending on the research areas. Finally, association analysis was used to find the frequent patterns in the key terminologies. This research can be used as fundamental data for understanding issues and trends in areas on the architectural history.

• Journal of Climate Change Research
• /
• v.7 no.4
• /
• pp.373-381
• /
• 2016

Before the Conference of Parties (COP) 21 of the United Nations Framework Convention on Climate Change (UNFCCC) in 2015, most parties of UNFCCC had submitted their intended nationally determined contributions (INDCs) and to achieve their voluntary targets, some parties consider using international market mechanisms. As one of such mechanisms, Japan promoted its own bilateral mechanism called Joint Crediting Mechanism (JCM). In this study, feasibility studies and projects under JCM have been analyzed by project type, sector, country and region, which could provide some implications in designing Korea's future climate policy to achieve Korea's targets of 11.7% using international market mechanism in INDC. Since 2010, JCM has promoted 542 projects and feasibility studies in 44 countries according to the Institute for Global Environmental Strategies (IGES) database. Among 542 projects, about 80% were feasibility studies implying that JCM was more focused on project identification. However, current trends of JCM show that more projects will be soon implemented based on these feasibility studies. For sectoral categorization, projects were categorized into seven sectors-energy technology, energy efficiency, renewable energy, waste management, city, strategic planning and projects related to the country's efforts to reduce emissions from deforestation and forest degradation (REDD+). JCM projects were mitigation focused with more than 70% of projects were related to energy efficiency, renewable energy and energy technology. At the regional and country level, JCM is highly focused on Asia and especially, more than 100 projects were developed in Indonesia. Based on the analysis of JCM, in order to develop bilateral international mechanism for Korea, it is worthwhile to emphasize that Korea considers Asian countries as her partner. In addition, Korea may consider the collaboration with Multilateral Development Banks (MDBs) to implement projects identified by Korea and Asian partner countries. Furthermore, strategically, it is recommendable to develop jointly with Japan who has already capacity and networks with other Asian countries to mitigate GHG emissions. Such financial resources from MDBs and Japan may contribute to meet the 11.3% of GHG reduction target from abroad according to INDC of Korea.

• Journal of Climate Change Research
• /
• v.6 no.2
• /
• pp.159-166
• /
• 2015

The way to respond to climate change is divided into mitigation and adaptation. So far, the response of climate change has been focused on mitigation. The perception of response of climate change also has been focused on mitigation. However, climate change mitigation and adaptation should be highlighted in a comparable concept as a response to climate change. On the other hand, perception of the public on climate change affects the support or opposition of the general public about climate change-related policies. The purpose of this study is to assess awareness of the general public and stakeholders on the subject of climate change adaptation and to present a basis for a future national climate change adaptation policy. Questionnaire on awareness of climate change adaptation were composed of the climate change and climate change response (mitigation, adaptation) understanding and importance, the seriousness of climate change-related adverse climate event, the need for climate change adaptation measures, the degree of implementation, and the level of government effort for climate change response. Climate change adaptation-related awareness survey was conducted for the general public 1,011 people and stakeholders 101 people by telephone interviews. In this study, the perception survey has a difference in aspect of the contents and methodology. And We were able to present the three characteristics of the general public and stakeholders aware of the subject of climate change adaptation. First, the relative importance of climate change adaptation was relatively low. Second level of awareness about climate change response of the public was significantly lower than the stakeholders. Finally, the need to prepare the implementation of the sectoral level, the first adaptation measures was relatively low.