• Journal of Distribution Science
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• v.11 no.10
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• pp.63-72
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• 2013

Purpose - This study analyzes the relationship and dynamic interactions between stock price index, interest rate, price index, and housing price indices using Korean monthly data from 2000 to 2013, based on a VAR model. This study also examines Granger causal relationships among these variables in order to determine whether the time series of one is useful in forecasting another, or to infer certain types of causal dependency between stochastic variables. Research design, data, and methodology - We used Korean monthly data for all variables from 2000: M1 to 2013: M3. First, we checked the correlations among different variables. Second, we conducted the Augmented Dickey-Fuller (ADF) test and the co-integration test using the VAR model. Third, we employed Granger Causality tests to quantify the causal effect from time series observations. Fourth, we used the impulse response function and variance decomposition based on the VAR model to examine the dynamic relationships among the variables. Results - First, stock price Granger affects interest rate and all housing price indices. Price index Granger, in turn, affects the stock price and six metropolitan housing price indices. However, none of the Granger variables affect the price index. Therefore, it is the stock markets (and not the housing market) that affects the housing prices. Second, the impulse response tests show that maximum influence on stock price is its own, and though it is influenced a little by interest rate, price index affects it negatively. One standard deviation (S.D.) shock to stock price increases the housing price by 0.08 units after two months, whereas an impulse shock to the interest rate negatively impacts the housing price. Third, the variance decomposition results report that the shock to the stock price accounts for 96% of the variation in the stock price, and the shock to the price index accounts for 2.8% after two periods. In contrast, the shock to the interest rate accounts for 80% of the variation in the interest rate after ten periods; the shock to the stock price accounts for 19% of the variation; however, shock to the price index does not affect the interest rate. The housing price index in 10 periods is explained up to 96.7% by itself, 2.62% by stock price, 0.68% by price index, and 0.04% by interest rate. Therefore, the housing market is explained most by its own variation, whereas the interest rate has little impact on housing price. Conclusions - The results of the study elucidate the relationship and dynamic interactions among stock price index, interest rate, price index, and housing price indices using VAR model. This study could help form the basis for more appropriate economic policies in the future. As the housing market is very important in Korean economy, any changes in house price affect the other markets, thereby resulting in a shock to the entire economy. Therefore, the analysis on the dynamic relationships between the housing market and economic variables will help with the decision making regarding the housing market policy.

• Resources Recycling
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• v.13 no.3
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• pp.3-11
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• 2004

Basic studies have been conducted regarding the crystal formation of hydroxyapatite which was produced in the treatment process of phosphate-containing wastewater using calcium ions as the precipitating agent for its employment as the material for artificial bones. The precipitation of hydroxyapatite were conducted in the synthetic solution which simulating human body fluid for its increased applicability. Ca($NO_3$)$_2$$.$$4H_2$O and ($NH_4$)$_2$$HPO_4$ were employed for the precipitation of hydroxyapatite and its composition was analyzed after drying at 80oC. The thermal behavior of precipitate was investigated by examining the change in its crystalline structure according to the sintering temperature. DTA/TG analysis showed that the escape of moisture from the precipitate occurred at ca. $100^{\circ}C$ and the decomposition of ammonia and the evaporation of lattice water were brought about at around $250^{\circ}C$. X-ray diffraction analysis indicated that the thermally treated precipitate consisted mainly of hydroxyapatite. For dried precipitate, the bonds in the component materials which used for the precipitate formation were observed by FT-IR, and after thermal treatment the major bonds in the precipitate were shown to be $OH^{-}$, $PO_4^{3-}$ , and $CO_3^{ 2-}$ , which were main comprising bonds of hydroxyapatite.

• Bulletin of the Korean Chemical Society
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• v.28 no.12
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• pp.2419-2425
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• 2007

New poly(cyclopenta[def]phenanthrene) (PCPP)-based conjugated copolymers, containing carbazole units as pendants, were prepared as the electroluminescent (EL) layer in light-emitting diodes (LEDs) to show that most of them have higher maximum brightness and EL efficiency. The prepared polymers, Poly(2,6-(4-(6-(Ncarbazolyl)- hexyl)-4-octyl-4H-cyclopenta[def]phenanthrene)) (CzPCPP10) and Poly(2,6-(4-(6-(N-carbazolyl)- hexyl)-4-octyl-4H-cyclopenta[def]phenanthrene))-co-(2,6-(4,4-dioctyl-4H-cyclopenta[def]phenanthrene)) (CzPCPP7 and CzPCPP5), were soluble in common organic solvents and used as the EL layer in light-emitting diodes (LEDs) of configuration with ITO/PEDOT/polymer/Ca/Al device. The polymers are thermally stable with glass transition temperature (Tg) at 77-100 °C and decomposition temperature (Td) at 423-457 °C. The studies of cyclic voltammetry indicated same HOME levels in all polymers, although the ratios of carbazole units are different. In case of PLEDs with configuration of ITO/PEDOT/CzPCPPs/Ca/Al device, The EL maximum peaks were around 450 nm, which the turn-on voltages were about 6.0-6.5 V. The maximum luminescence of PLEDs using CzPCPP10 was over 4400 cd/m2 at 6.5 V, which all of the maximum EL efficiency were 0.12 cd/A. The CIE coordinates of the EL spectrum of PLEDs using CzPCPP10 was (0.18, 0.08), which are quite close to that of the standard blue (0.14, 0.08) of NTSC.

• Journal of Forest and Environmental Science
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• v.15 no.1
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• pp.71-76
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• 1999

This study compared soil characteristics and carbon storage between urban and natural lands in Chunchon. Soil pH was lower in natural lands (5.0) than in urban lands (6.6), and therefore exchangeable cation was a little lower in natural lands. Organic matter and cation exchange capacity were respectively, 1.4 and 1.7 times higher in natural lands than in urban lands, while available $P_2O_5$ was about 3.2 times higher in urban lands. Organic carbon storage in soils averaged $24.8{\pm}1.6$ (standard error) t/ha in urban lands and $31.6{\pm}1.6t/ha$ in natural lands, 1.3 times greater than in urban lands. Annual carbon accumulation in soils of natural lands was 1.3 t/ha/yr (litterfall minus decomposition). The carbon storage in Chunchon' s soils equaled about 31% of annual carbon emission (245,590 t/yr).

• Korean Journal of Environmental Agriculture
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• v.42 no.2
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• pp.83-92
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• 2023

Excess N and P from the livestock manure applied to farmlands, have entered the water systems and poses a serious threat to the natural environment. Consequently, there has been recent awareness towards the management of livestock manure and its related fields. In this study, piggery wastewater was collected from a piggery in Pohang city, Korea. At 800℃, thermal decomposition of a natural stone, magnesite (MgCO₃), yielded powered MgO with particle sizes ranging between 10 to 100 ㎛. Furthermore, NH₄⁺-N and PO₄^3--P were recovered as struvite precipitates from the piggery wastewater, by adjusting the pH with MgO and H₃PO₄. At pH 10, the recovery efficiencies of NH₄⁺-N and PO₄^3--P were found to be 86.1% and 94.1%, respectively. Using an X-ray Diffractometer (XRD), the struvite in the precipitate was confirmed to be consistent with standard pure struvite. Further, the purity of the struvite precipitate was analyzed using an energy dispersive X-ray (EDX) and thermal gravimetry-differential thermal analysis (TG-DTA), and found to be between 79.2% and 93.0%. Additionally, struvite-containing piggery wastewater and sawdust were mixed in a weight ratio of 2.5:1 and processed into a mature compost. The newly manufactured compost passed all quality standards required for first-class graded livestock composts. Moreover, this compost was sprayed directly onto the soil at the test site, and various parameters of the soil's effluent, such as total organic carbon (TOC), total nitrogen (T-N), total phosphorus (T-P), and dissolved oxygen (DO), were analyzed and measured. Based on these results, it is determined that the newly manufactured compost can more significantly reduce water pollution than commercial compost.

• Resources Recycling
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• v.17 no.6
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• pp.62-67
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• 2008

Oil shale is a sedimentary rock that contains organic compounds called kerogen that are released as petroleum-like liquids by retorting. In order to evalute oil shale as alternative oil resources, the physical properties of oil shale samples from US and Russia were investigated and Fischer assays were carried out. Thermogravimetric analysis shows that thermal degradation of oil shale consisted of two stage processes, with hydrocarbon release from kerogen followed by $CO_2$ release by carbonate decomposition. Organic compounds in oil shale have an high hydrogen/carbon ratio, and therefore liquid hydrocarbons could be obtained easily. Shale oil yields from Russian and US oil shales by Fischer assay were 12.7% and 18.5%, respectively. The density and boiling point of shale oils are higher than that of Middle East crude oil, indicating that further upgrading processes are necessary for refinery. On the other hands, sulfur contents are relatively low, and the amounts of Vanadium and Nickel are extremely small in shale oil. It was found that paraffins were rich in US shale oil while main components of Russian shale oil were oxygenated hydrocarbons.

• Korean Journal of Environmental Biology
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• v.31 no.4
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• pp.471-477
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• 2013

Biochar amendment to agricultural soil is regarded as a promising option to mitigate climate change and enhance soil quality. It could sequester more carbon within the soil system and increase plant yield by changing soil physicochemical characteristics. However, sustainable use of biochar requires comprehensive environmental assessment. In this sense, it is important to measure additional greenhouse gas emission from soils after biochar addition. We investigated emissions of $CO_2$, $N_2O$, and $CH_4$ from incubated soils collected from rice paddy and cultivated grassland after amendment of 3% biochar (wt.) produced from rice chaff. During incubation, soils were exposed to three wet-dry cycles ranging from 5~85% soil gravimetric water content (WC) to investigate the changes in effect of biochar when influenced by different water levels. The $CO_2$ emission was reduced in biochar treatment compared to the control at WC of 30~70% both in rice paddy and grassland soils. This indicates that biochar could function as a stabilizer for soil organic carbon and it can be effective in carbon sequestration. The $N_2O$ emission was also reduced from the grassland soil treated with biochar when WC was greater than 30% because the biochar treated soils had lower denitrification due to better aeration. In the rice paddy soil, biochar addition resulted in decrease in $N_2O$ emission when WC was greater than 70%, while an increase was noted when WC was between 30~70%. This increase might be related to the fact that available nutrients on biochar surface stimulated existing nitrifying bacterial community, resulting in higher $N_2O$ emission. Overall results imply that biochar amendment to agricultural soil can stabilize soil carbon from fast decomposition although attention should be paid to additional $N_2O$ emission when biochar addition is combined with the application of nitrogen fertilizer.

• Journal of Korean Society of Environmental Engineers
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• v.27 no.6
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• pp.651-656
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• 2005

Toluene, which is emitted from textile process, is considered as an important hazardous air pollutant. In this study, the catalytic activity of transition metal oxides(Cu, Mn, V, Cr, Co, Ni, Ce, Sn, Fe, Sr, Cs, Mo, La, W, Zn)/${\gamma}-Al_2O_3$ catalysts was investigated to carry out the complete oxidation of toluene. The metal catalysts were characterized by XRD-ray diffraction), FE-SEM(Field Emission Scanning Electron Micrograph), BET(Brunauer Emmett Teller) method and TPR(Temperature Programmed Reduction). Among the catalysts, Cu/${\gamma}-Al_2O_3$ was highly promising catalyst for the oxidation of toluene. From the BET results, it seems that the catalytic activity is not correlated to the specific surface area. XRD results indicated that most of catalysts exist as amorphous phase. From the FE-SEM results, it was observed that copper on ${\gamma}-Al_2O_3$ surface was well dispersed among catalysts. The catalytic activity for the toluene oxidation could be explained with that metal oxide catalyst was dispersed well over supports and was attributed to reduction activity in surface of catalysts.

• Journal of the Korean Chemical Society
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• v.59 no.3
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• pp.215-224
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• 2015

Unsymmetrical tetradentate Schiff base N-(2-hydroxy-5-methylacetophenone)-N'-(2-hydroxy acetophenone) ethylene diamine (H₂L) and its complexes with Cr(III), Mn(II), Fe(III), Co(II), Ni(II) and Cu(II) have been synthesized and characterized by elemental analyses, magnetic susceptibility measurements, IR, electronic spectra and thermogravimetric analyses. ¹H, ¹³C-NMR and FAB Mass spectra of ligand clearly indicate the presence of OH and azomethine groups. Elemental analyses of the complexes indicate that the metal to ligand ratio is 1:1 in all complexes. Infrared spectra of complexes indicate a dibasic quadridentate nature of the ligand and its coordination to metal ions through phenolic oxygen and azomethine nitrogen atoms. The thermal behavior of these complexes showed the loss of lattice water in the first step followed by decomposition of the ligand in subsequent steps. The thermal data have also been analyzed for the kinetic parameters by using Horowitz-Metzger method. The dependence of the electrical conductivity on the temperature has been studied over the temperature range 313-403 K and the complexes are found to show semiconducting behavior. XRD and SEM images of some representative complexes have been recorded. The antimicrobial activity of the ligand and its complexes has been screened against various microorganisms and all of them were found to be active against the test organisms. The Fe(III) and Ni(II) complex have been tested for the catalytic oxidation of styrene.

• Journal of Environmental Science International
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• v.25 no.2
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• pp.281-288
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• 2016

After analyzing of heating value of four kinds of RDF, the RDF-D has the highest heating value, was chosen to be mixed with carbonized sludge by different ratio. The 85%:15% ratio, which has the highest efficiency, was analyzed with thermogravimetric and pyrolysis kinetics. Applying of Kissinger method, activation energy was obtained from slope which is calculated from relation of ln(${\beta}/T^2{_m}$) and $1/T_m$. The kinetic parameters obtained from Kissinger method were 46.06 kJ/mol of RDF, 55.99 kJ/mol of carbonized sludge and 40.68 kJ/mol of mixture of RDF and carbonized sludge. The mixture of RDF and carbonized sludge has the lowest activation energy and frequency factor, during thermal decomposition reaction it has the slowest reaction rate and needs the lowest energy. Although activation energy with pyrolysis of RDF was irregularly scattered, it showed that activation energy was stabilized by co-pyrolysis of RDF and additives(Carbonized Sludge).