• Title/Summary/Keyword: securities

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Policy Suggestions to Improve PSS(Presidential Security Service) Education Programs for Industry-Academy-Governmental Cooperations (${\cdot}$${\cdot}$관 협력강화를 위한 대통령경호실 교육프로그램 확대 방안)

  • Cho, Kwang-Rae
    • Korean Security Journal
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    • no.11
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    • pp.227-243
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    • 2006
  • In modern society, private securities have developed their capabilities continuously. However, despite the fact that not only security industries have been considerably expanded in quantity, but also plenty of scholars published diverse papers relating to security problems, qualitative growths of private securities have not accomplished fully. Especially, securing the President would not be guaranteed only by PSS(Presidential Security Service). In order to secure the President successfully, it is necessary for all the social parts to strive to protect the President. In this respect, improving private securities, including academic fields, might be critical so as to succeed in securing the President. Without the supports from private securities, there might be lots of security problems in national context. Therefore, this study proposes several policy suggestions for the cooperation among PSS, private security industries and academic fields: (1) Providing a lot of practical knowledge from PSS to college students, (2) Personnel exchange between academic parts and PSS to promote the efficiency of securing the President, (3) Furnishing diverse information and knowledge about security to private securities, (4) Formulating security-searching standards, (5) Expanding educational institutions under PSS.

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The Process of Occupational Socialization of the Court Security Team (법원경비관리대의 직업사회화 과정 분석)

  • Park, Ok-Cheol;Kwon, Tae-Il
    • Journal of the Society of Disaster Information
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    • v.8 no.3
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    • pp.276-286
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    • 2012
  • The purposes of this study are to investigate various experience factors of the court security team's occupational socialization process and suggest basic materials which are necessary to establish educational service strategies of preliminary court security and guard. Therefore, in-depth interview and ethnographic study were conducted for 4 court securities whose career is more than 3 years. As the result, the process of occupational socialization process of the court security was divided into preparation period, adaptation period, conflict period and maturity period. In the preparation period, vision of university departments, acquisition of certificates and information of the court security team are the factors of basic stage for becoming court securities. In the adaptation period, they adapt themselves for playing their own roles sincerely and become professional manpower after being court securities, through the university educational program useful for practical duties, certificates for practical duties and occupational satisfaction. In the conflict period, they aware conflicts of the company and job stress, that court securities should experience, and endure them. In the maturity period, they are grown by one more step as court securities, through the motivation, job professionalism, occupational prospect and efforts of self-development.

Outsider Trading Regulation under the Capital Markets Act (자본시장법상 외부자거래의 규제와 개선방안)

  • Chang, Kun-Young
    • Journal of Legislation Research
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    • no.41
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    • pp.367-399
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    • 2011
  • This Article examines the regulation of outsider trading under the Financial Investment Services and Capital Markets Act (the "Capital Markets Act"). Outsider trading occurs when a market participant who is not a traditional corporate insider trades securities based on either "inside" or "outside" nonpublic information. Unlike "inside" information, "outside" information is referred to as information not derived directly or indirectly from the issuer. "Outside" information includes both "corporate" and "market" information. "Corporate information" is information about events or circumstances which affect the company's assets or earning power. "Outside corporate information" is information about the company's assets or earning power not derived directly or indirectly from the issuer. "Market information" is information about events or circumstances which affect the market for a company's securities but which do not affect the company's assets or earning power. The Capital Markets Act prohibits both "temporary insiders" from using "corporate" information in trading securities and "outsiders" from using "market" information, such as (i) information regarding the initiation or discontinuance of a tender offer; or (ii) information regarding acquisition or disposition of stocks in bulk. However, the Act does not encompass circumstances (i) where an outsider trades securities based on confidential corporate information obtained through certain types of wrongful conduct; (ii) where an outsider trades securities based on corporate information obtained through eavesdropping; and (iii) where an outsider trades securities based on either outside corporate information or market information created by the outsider himself. In order to plug a few of the gaps left open in the law of outsider trading under the Capital Markets Act, this Article suggests that regulators adopt a relatively broad reading of the scope of ${\S}$ 178(1) of the Act, which is similar to SEC Rule 10b-5, to include outsiders with no relationship to the corporation that had issued the securities. Since ${\S}$ 178(1) of the Act does not require "deception" for liability, it would seem to evade the limitations imposed by the U.S. misappropriation theory. Key Words : Outsider Trading, Insider Trading, Material Nonpublic Information, the Capital Markets Act, Misappropriation Theory, Fiduciary Theory.

An Analysis of Differences in Investment Behavior Over Consumer's ages: Comparison before and after the economic crisis (소비자 연령별 투자행동 차이 분석: IMF 경제위기 전${\cdot}$후 비교)

  • Joung Soon Hee;Yuh Yoon Kyung
    • Journal of Family Resource Management and Policy Review
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    • v.8 no.1
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    • pp.29-45
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    • 2004
  • This study compared household's investment behaviors over consumer's ages before and after the economic crisis using 1995 and 2000 National Survey of Family Income and Expenditure in korea. Household's investment behaviors were compared in terms of household's financial statements, amounts and proportions invested in various assets, and rate of return on investments. The proportion invested in securities of all households. In terms of the proportion invested, consumers under 40s increased the proportion invested in insurance while consumers over 50s increased the proportion invested in savings and trusts in 1995 than in 2000. Consumers of all ages increased the proportion invested in securities in 2000 than in 1995. Young households had higher rate of return in 1995 while old households had higher rate of return in 2000.

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FINANCIAL SYSTEM: INNOVATIONS AND PRINCING OF RISKS

  • Melnikov, A.V.
    • Journal of the Korean Mathematical Society
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    • v.38 no.5
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    • pp.1031-1046
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    • 2001
  • The paper studies the evolution of the financial markets and pays the basic attention to the role of financial innovations (derivative securities) in this process. A characterization of both complete and incomplete markets is given through an identification of the sets of contingent claims and terminal wealths of self-financing portfolios. the dynamics of the financial system is described as a movement of incomplete markets to a complete one when the volume of financial innovations is growing up and the spread tends to zero (the Merton financial innovation spiral). Namely in this context the paper deals with the problem of pricing risks in both field: finance and insurance.

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A study for performance improvement by system analysis of HTS running K Securities (K증권 홈트레이닝 시스템 분석을 통한 성능개선에 관한 연구)

  • Kim, Hyun Ho;Park, Yong Duck
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.5 no.3
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    • pp.19-28
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    • 2009
  • Computer system performance has always had the possibility of affecting business profitability, but with the advent of the World Wide Web where customers interact directly with Web servers, response time can have a direct and dramatic impact on business revenue. This paper is written in the operation environment and system analysis of HTS(Home Trading System) running K Securities. This paper also shows the method for performance improvement through investigation and analysis for the overall systems resources whether HTS has an appropriate performance or not. Performance analysis includes specially CPU analysis, Memory analysis, Disk Input/Output analysis and application analysis. Besides providing more detailed server specification for expansion from now on, system performance can be maintained with effect in the future. Through this study it is possible to manage the performance of HTS more easily and to solve problems such as a bottleneck more quickly.

A Case Study on the Risk of Stepdown ELS (스텝다운형 주가연계증권의 위험률 고찰)

  • Kim, Hee-Sun;Yeo, In-Kwon
    • The Korean Journal of Applied Statistics
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    • v.24 no.6
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    • pp.1021-1031
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    • 2011
  • Equity linked securities are indirect investments where the return of investment depends on the performance of the underlying equities. In this paper, we review the profit structure of typical equity linked securities through a profit diagram and investigate which characteristics of time series at the investment affect the early repayment of the stepdown ELS based on KOSPI 200 and HSI. We also compare VaRs using the empirical distribution function for risk management.