• Communications for Statistical Applications and Methods
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• v.10 no.1
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• pp.89-99
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• 2003

The primary purpose of this paper is to estimate the wealth effect. We establish a linear relationships between household consumption, labor income, and stock price index. Each variable is nonstationary. And so, it contains a unit root. However, as the result of the test about cointegrating relations, the variables are cointegrated which implies the error term is stationary. The cointegrating parameter that the marginal propensity to consume out of stock price is 0.08%. The result of estimation shows the error correction is -0.62 and the significant level is also high. The error correction term indicates a rather rapid adjustment to deviations from the long run equilibrium relations.

• Journal of Information Technology Applications and Management
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• v.26 no.3
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• pp.29-41
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• 2019

As users' interests of cryptocurrency has been increased, investment volume of it also increases. In the cryptocurrency market, it cannot always be distributed homogenous information to all investors, similar to the stock market because it reflects the characteristics of a market microstructure. Cryptocurrency traders, thus, like stock investors, can experience the information asymmetry in the market and cannot but help to depend on private information. The purpose of this study is to estimate the trading intensity of informed traders and uninformed traders among cryptocurrency investors around the world based on PIN (Probability of Informed Trading). We have an aim to compare the difference of information asymmetry according to the ten types of cryptocurrency. The results of this study are expected to prevent the continuous increase of suspicious transactions related to cryptocurrency and contribute to the development of a sound cryptocurrency market.

• Proceedings of the KSR Conference
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• 2004.10a
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• pp.139-144
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• 2004

Since the braking system of rolling stock is directly linked to it's safety, ensuring reliability of braking system and evaluation of performance of it are very important. To develope the performance of braking system, it is required advanced technology and gradually various factors in the field test result This study is designed to analyze various factors about braking force in rolling stock, also, by comparing braking force of KTX with that of high speed train. The study suggests to establish a method of computation of braking force suitable for high speed train having a lot of trouble in calculating braking distance by diversification of patterns of braking system such as the train of speed up and introduction of electric and pneumatic braking system.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.117-144
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• 2008

This article examines the information transmission process between the KOSPI 200 futures market and its underlying stock market, using the 10-second quote and trade data. The VAR analysis reveals that quote revisions through limit orders in general lead trades through market orders. In addition, the VAR analysis shows that the futures market tends to lead the stock market in terms of quote revisions and trades, even though the other direction is also observable. Even when we focus on the events causing large movements in quote revisions and trades, those lead and lag relations between those markets and between quote revisions and order imbalances are confirmed.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.1988-1998
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• 2008

Performed was a survey to find the level of interest on passenger services using IT and smart sensor technology in connection with High Speed Train development in Korea. The survey respondents were sampled from the KTX passengers, KTX crews, Korail employees, IT or sensor experts, and rolling stock experts. The results of the survey were categorized as importance, urgency/necessity, importance vs urgency/necessity, improvement measure, preferable activities based on the trip length, and inconveniencies. By analyzing the results, service items that can be implemented to the High Speed Train were recognized. The results showed that a passenger tends to expect to have his/her comfort and convenience, an attendant safety and serviceability, a Korail employee information provision and serviceability, an IT/sensor expert technological implementation done, and a rolling stock expert implementation done in practical level.

• Asian Journal of Business Environment
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• v.11 no.4
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• pp.39-45
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• 2021

Purpose: This study is designed to investigate the extent and nature of climate change disclosure of listed pharmaceutical companies of Bangladesh. Research design, data and methodology: In order to perform this research, a content analysis methodology is used. A climate change disclosure index is constructed to examine 12 different climate change disclosure issues. Information is collected from the annual reports of 29 pharmaceutical companies listed on the Dhaka Stock Exchange for the year 2019. Results: This study finds that only 48.28% of the sample companies provided disclosure on at least one issue regarding climate change. 'Energy savings' is the mostly disclosed issue whereas 'Pollution control expenditure', 'Biodiversity conservation initiatives' are the least disclosed issues. Research implication: This study concludes 64.29% of the companies examined, use less than five sentences for climate change disclosure, which depicts unsatisfactory disclosure practices regarding climate change issues. Study findings would be helpful for different industries of Bangladesh to implement efficient climate change reporting Practice. Future studies can be conducted on other industries to obtain more comprehensive result.

• The Journal of Economics, Marketing and Management
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• v.7 no.3
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• pp.43-49
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• 2019

Purpose - This paper empirically investigates what factors contribute to management decisions by corporate governance in the Korean stock market. In the paper, dividends and investments were imployed as management decisions and major stockholders' shares and foreign investors' shares were used as corporate governance. Research design, data, and Methodolog - Samples are constructed by manufacturing firms listed on the stock market of Korea as well as those who settle accounts in December from 2001 to 2018. Financial institutions are excluded from the sample as their accounting procedures, governance and regulations differ. This study adopted the panel regression model to assess the sample construction including yearly and cross-sectional data. Results - This results support the literatures that major shareholders showed insignificance to dividends, positive significance to investment in financially unconstrained firms and negative significance to investment in financially constrained firms. Whereas foreign investors favor firms to increase dividends but they decrease investments only in financially constrained firms. Conclusion - This paper documented evidence that financial constrained firms use dividends for their investment and foreign investors decrease investments under financial constraints. But for dividends decisions, foreign investors give significant positive impacts irrespective of financial constraints.

• Journal of the military operations research society of Korea
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• v.8 no.2
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• pp.31-35
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• 1982

Recently, Park [1] proposed an algorithm for the optimum spare-part stock level in an (S-1, S) inventory system for small fleet. This paper reports validative GPSS simulation results and numerical experiences with the algorithm.

• Journal of Forest and Environmental Science
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• v.14 no.1
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• pp.157-164
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• 1998

• Journal of the Society of Naval Architects of Korea
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• v.51 no.2
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• pp.130-137
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• 2014

As one of the largest shipbuilding company in the world, STX Offshore & Shipbuilding currently developed an inventory managing system for steel-plates, which is applied to their steel stock yard. In a traditional way to manage steel yard, almost every work has been done by manually. The manual steel-plate piling process caused some problems such as process delay due to piling errors and the uncertainty of work plan due to lack of information. To solve these problems, we developed an integrated inventory managing system based on real-time crane tracking system which automatically updates steel-plates' piling status. We built the integrated steel-plate database, developed several programs including steel-plate input program, real-time steel-plate monitoring program and steel-yard management program, and constructed hardware system for tracking magnetic cranes. As a result, a supervisor of steel-yard can manage the inventory of steel-plates efficiently and furthermore plan an efficient piling schedule and crane working schedule.