• Journal of Korea Port Economic Association
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• v.27 no.1
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• pp.213-234
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• 2011

The literature on efficiency of the maritime and shipping industry has typically focused on container ports and terminals. The study presented in this paper uses data envelopment analysis to evaluate ocean carriers based on financial and operational data from 2004 to 2007. A comparison is made up of the efficiency of global ocean carriers in efficiency of financial and operational performance respectively. A positive correlation is shown between the input and output data. In the static-efficiency analysis, we describe CCR, BCC and scale efficiency of Global Ocean Carriers in 2007. And we also provide about the stability and trend of their efficiency for four years (2004-2007) in the dynamic-efficiency analysis. The empirical results validate the necessity of restoring freight rates to facilitate the efficiency of the global ocean carriers supported by adjust of the supply of containership space. The study provides a basis for estimating the competitiveness of international shipping companies, for benchmarking best practice and for identifying the specific factors and causes of inefficiency.

• Journal of Korea Port Economic Association
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• v.27 no.2
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• pp.297-311
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• 2011

This paper deals with a strategic investment decision model for improving investment profit in shipping industry. Despite the quantitative expansion of Korean shipping business, many shipping firms have suffered financial difficulties due to financial and operating risks that result from the characteristics of capital-intensive business as well as of volatility of shipping markets. As a result, managers in charge of making an investment decision, particularly in tramper business sector, are required to take both financial and operating risk factors into consideration. Put it differently, managers are strongly recommended to avoid these risks by ship asset play; buy-low and sell-high, which results in considerable capital gain and cost reduction. In addition, managers in shipping industry are also recommended to consider the ship chartering investment alternative when the freight markets show extreme volatility as the case of 2008 triggered by sub-prime mortgage financial crisis in USA. For example, the BDI suffered plunging down from 1000 in 2008 to 100 in 2010. Consequently, the 4th largest shipping company in Korea, DAEHAN Shipping Co., has collapsed primarily due to excessive tonnage expansion during the peak time of bulk market. In sum, the strategic investment decision model, suggested in this paper, is designed to include such factors as capital gain by asset play, timely chartering for alternative shipping service, and optimization of operating profit by tonnage adjustment in accordance with change in the shipping markets concerned.

• Journal of Korea Port Economic Association
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• v.33 no.1
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• pp.89-110
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• 2017

The organization of the shipping conference -an international cartel, was approved by countries that recognized it for stabilizing routes as well as preventing excessive competition among liner shipping companies and recognized the characteristic of the liner service that is regularly repeated in the international liner shipping market. However, due to competition in bulk transportation and development of multimodal transport through new entrants, power expansion and vessel enlargement of non-aligned shipping companies; the shipping conference started collapsing, and was eventually abolished. As the shipping conference played an important role in the liner shipping market, there were changes in the competition structure of the liner shipping market, and this accordingly drove research on the effects of the abolition of the shipping conference on the liner shipping market. The effects of abolition of the shipping conference on the liner shipping market was analyzed after surveying the factors related to abolition of the shipping conference, and through the use of correlation and multiple regression analyses. Subsequent to the abolition of the shipping conference, the liner shipping companies increased global containership bottoms. Consequently, this led to fierce competition of freight charges. As a result, profitability of shipping companies diminished. However, shipping companies with a dominating cost structure recorded profits, while shipping companies with an inferior cost structure started recording a loss.

• Journal of Korea Port Economic Association
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• v.23 no.3
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• pp.103-126
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• 2007

As a result of the development of heavy and chemical industries during the Economic Development Plan, Korean shipbuilding industry expanded its capacity rapidly and became a strategic export industry. The 1973 Arab oil crisis and the subsequent doubling of oil prices greatly reduced world demand for tankers and the market was crashed as numberous orders for tankers were cancelled in Japan and Europe. Under these circumstances, Korean Shipping industry also experienced a decrease in overseas demand for shipbuilding. The Korean government established the 'planned shipbuilding' scheme. The primary purpose of the scheme was to develop the shipbuilding industry, to link the industry to the shipping industry and to develop both industries together. However, Japanese shipping established goals linking with macro-national economic policy, such as saving foreign currencies and freight of importing goods, also assisting reconstruction and development of shipbuilding industry. To accomplish these goals, Japanese government used several policy tools such as financial assistance, law, guidance.

• Bulletin of the Society of Naval Architects of Korea
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• v.9 no.2
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• pp.59-66
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• 1972

• Bulletin of the Society of Naval Architects of Korea
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• v.19 no.3
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• pp.91-114
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• 1982

• The Journal of Internal Korean Medicine
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• v.42 no.5
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• pp.1027-1034
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• 2021

Objectives: This study aimed to determine the effects of Korean medical treatment on a patient with compression fractures. Methods: The patient was treated with herbal medicine and acupuncture for 51 days. Symptom changes were measured using the Numerical Rating Scale (NRS), Range of Motion (ROM), Oswestry Disability Index (ODI), and European Quality of Life Five Dimensions (EQ-5D) Scale. Results: The NRS score for lower back pain decreased from 7 to 3, and the ODI score decreased from 51.11 to 22.22. Range of motion (ROM) increased meaningfully in flexion(from 30 to 60), Left/Right lateral bending(from 10/30 to 30/45), Left/Right rotation (from 10/30 to 30/45), and the EQ-5D score also increased from 0.506 to 0.677. Conclusion: The results indicate that Korean medical treatment may be effective for managing patients' acute compression fractures.

• The Journal of Internal Korean Medicine
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• v.44 no.5
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• pp.929-940
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• 2023

Objectives: This study reports on the efficacy of Korean medicine treatments for peripheral facial nerve palsy and sleep disorders that occur after microvascular decompression. Methods: A 57-year-old female patient with right facial palsy was treated with herbal medicines and acupuncture for 36 days. The treatment effect was evaluated using the House Brackmann Grading System (HBGS), Yanagihara's Unweighed Grading System (Yanagihara's score), and the Korean Modified Leeds Sleep Evaluation Questionnaire (KMLSEQ). Results: Following treatment, the patient showed a decrease in HBGS and an improvement in Yanagihara's score and KMLSEQ score. Conclusions: Korean medicine treatments appeared to be effective in reducing facial nerve palsy. Further clinical research on patients with facial nerve palsy is needed.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2015.07a
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• pp.208-210
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• 2015

항만의 연결기능이 확대됨에 따라 해운 항만산업은 전문화 및 고도화되었으며, 이에 따른 인적자원의 양적 질적 경쟁력 향상도 무엇보다 중요해졌다. 하지만 이를 육성하고 발전시키기 위한 인적자원의 수급에 대해서는 시장기능이 원활이 작동하지 못하고 있으며, 이러한 연구도 부족한 실정이다. 따라서 본 연구에서는 해당산업통계자료를 바탕으로 회귀모형에 의한 해운 항만물류산업에 필요한 전문인력에 대한 정확한 예측을 제시하고자 한다.

• Proceedings of the Korean Society of Coastal and Ocean Engineers Conference
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• 1998.09a
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• pp.20-23
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• 1998

현재 해운대 해빈의 사빈이 유실되고 있지만, 이에 대한 연구는 미흡한 상태에 있다. 또한 현장 관측자료의 결핍으로 해운대 해빈 부근의 해수순환패턴과 표사이동을 포함한 해빈변형기작의 규명이 곤란하다. 따라서 해안선 부근의 파랑을 관측하여 실제 현장에서의 연안류 및 연근해 해수순환계의 존재를 밝히고, 그와 관련하여 해안선 부근의 표사이동 양상을 밝히고자 한다. 해운데 해빈에서 파랑의 물입자 운동을 관측하기 위하여 3, 5, 8, 10월에 11, 8, 7, 12개의 정점을 정하여 유속을 측정하였다. (중략)