• The Journal of the Korea Contents Association
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• v.12 no.11
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• pp.338-357
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• 2012

This study investigated any possible financial attributes of the CDS spreads of a firm belonging to financial industries headquartered in the Republic of Korea. There were few studies on this issue, especially for the firms located in emerging capital markets. Coupled with the models such as a multiple regression and a principal component analysis(PCA), this research has identified that only two explanatory variables such as SLOPE and INTER3 (i.e. interaction effect between the BETA and the SLOPE) consistently showed their statistically significant influence on the CDS spreads through the 'selected' model without and with applying a stepwise regression procedure for the robustness. Given the rapid developments of sophisticated financial derivatives, this study may suggest a valuable insight to foreign and domestic investors to identify the possible determinants of CDS spreads at the firm- and/or the industry-level.

• Journal of KIISE:Computer Systems and Theory
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• v.30 no.5_6
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• pp.232-238
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• 2003

Traditional operating systems use a virtual memory to provide users with a bigger memory than a physical memory. The virtual memory augments the insufficient physical memory by the swap device. Since disks are usually used as the swap device, the cost of a page fault is relatively high compared to the access cost of the physical memory. Recently, numerous papers have investigated the Network RAM in order to exploit the idle memory in the network instead of disks. Since today's distributed systems are interconnected with high-performance networks, the network latency is far smaller than the disk access latency In this paper we design and implement the Network RAM using block device driver on Linux. This is the first implementation of the Network RAM on Linux. We propose the new reliability method to recover the page when the other workstation's memory is damaged. The system using the Network RAM as the swap device reduces the execution time by 40.3% than the system using the disk as the swap device. The performance results suggest that the new reliability method that use the processor more efficiently has the similar execution time with others, but uses smaller server memory and generates less message traffic than others.

• Proceedings of the Korean Information Science Society Conference
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• 2011.06b
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• pp.438-441
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• 2011

최근 태블릿 컴퓨터(Tablet computer) 등 첨단 모바일 기기가 대중화되고 고성능 노트북이 널리 사용되면서 SSD(Solid State Drive)를 주 저장장치로 사용하는 시스템이 증가하고 있다. 이들 시스템에서는 SSD를 가상메모리의 스왑 영역으로 사용하므로 이에 적합한 가상메모리 정책이 필요하다. SSD 제조사는 SSD 내부의 자세한 정보는 제공하지 않기 때문에 최적화된 할당에 어려움이 생긴다. 본 논문에서는 SSD의 내부 상태를 기록하고, VM의 스왑 공간으로 사용 시 각블록 상태를 고려하여 최적화된 할당 페이지를 선택하는 기법을 제안한다.

• The KIPS Transactions:PartA
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• v.11A no.3
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• pp.157-162
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• 2004

This paper suggests the CAMD(Compression Algorithm for in-Memory Data) algorithm that is not moved the pages into the swap space by assigning the compressed cache area in the main memory. The CAMD algorithm that supports the virtual memory system takes high memory usability and performance benefit by reducing the page fault. The memory data is not general data. It is extraordinary data format. In general it consists of specific form of data. Therefore. the CAMD algorithm can compress this data efficiently.

• Korean Journal of Construction Engineering and Management
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• v.13 no.3
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• pp.109-121
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• 2012

Overseas construction project orders have shown steady increase since 2001, and it took 44.5% of the total construction project orders in 2010. Overseas construction project needs more complex risk management because it is affected by more various circumstance factors than the domestic construction is. Previous studies have centered on the internal risk factors to assist the decision-making, but there are few researches on the importance and techniques of foreign exchange risk management. Inadequate management of foreign exchange risk has been found to cause huge damages due to the lacking recognition on the importance of foreign exchange risk management. Therefore, current study designed a foreign exchange risk manage model to help efficient management and decision-making. This model was developed as a technique to meet the demand of the increasing overseas construction projects for the efficient management of foreign exchange risk, and the technique will lower the risk with more and more accurate outcome by accumulating the data of profit-and-loss.

• Journal of the Korean Geosynthetics Society
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• v.23 no.2
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• pp.63-75
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• 2024

Drinking water is an essential element to ensure the basic human right to live, and the quality of clean water must always be ensured. However, domestic water facilities, which were installed intensively in the early 2000s, are deteriorating. The accidents such as discoloration of water such as chromaticity and turbidity as well as leakage of substances frequently occur. However, since it is virtually impossible to replace all water pipes, the detailed standards for maintenance of water pipe network facilities established in 2021 require water pipe cleaning. The swab pig method, one of the water pipe cleaning methods, is a method of physically removing substances in pipes and is evaluated as having the highest cleaning efficiency. However, Swab is highly likely to be damaged or deformed during the cleaning process, and may even be lost. Therefore, in this study, the material of the pig was changed to a material with high compressibility, and it was made as close as possible to the inner wall of the water pipe. And, to maximize cleaning efficiency, a rotation swab pig with a rotation blade was developed. In addition, high-strength wire and winding equipment were additionally developed to eliminate the possibility of loss and to determine the location of the pig. The inlet and outlet are connected with wires, and after verifying the performance of each detailed technology, the technology was applied on a test bed with a 30m section. As a result of the application, the performance of the technology was verified by measuring the process time and evaluating applicability.

• The Journal of Bigdata
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• v.7 no.2
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• pp.225-234
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• 2022

In this paper, we study the recent changes in the credit risk interconnectedness in Korea. Using the CDS spread data from November 2015 to August 2022, we estimate the network structure of sovereign and corporate credit risk. The results show that sovereign and corporate credit risks are interconnected significantly, particularly with respect to the banking sector where FX-related transactions are made. Since 2022 when the monetary policy has become contractionary, such credit risk interconnectedness seems to be strengthened because of greater common exposure.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.10
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• pp.4359-4368
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• 2011

Among several macroeconomic missteps blamed for the recent global financial crisis including the social problems of income distribution and the lack of proper financial remedies, two of them have received particular attention: the global BOP(Balance of Payment) imbalance and the misguided monetary policy. Such BOP imbalance was blamed for massive foreign exchange investment flows from Asia into the U.S., triggering the financial and real estate bubble in America. The latter refers to the excessively loose monetary policy of the U.S. Federal Reserve, which pushed financial institutions and households into reckless investment behavior in search of higher returns. Given the abuse of certain innovative financial techniques and new investment instruments that have been created in recent decades, both collateralized debt obligations (CDOs) and credit default swaps (CDS) enjoyed a symbiotic and toxic relationship prior to the financial crisis This paper is organized as follows: The first section analyzes the real causes of the recent financial crisis. The second details the role of CDOs and CDS. Then, to identify key determinants of the CDS spreads in an emerging capital market, the sample data of major Korean firms' CDS spreads are used to estimate the risk premium by utilizing the multiple regression analysis. The empirical test result indicates that Korean 3-year treasury bond rate(TYIELD), market to book value ratio(MV/BV), and assets size(INASSETS) are shown to demonstrate statistically significant influences on the changes of the CDS premium for sample firms.

• Economic Analysis
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• v.27 no.1
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• pp.1-36
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• 2021

Given the US dollar's status as a global safe haven, global factors, such as US monetary policy, may have considerable impacts on financial markets in other countries. Regarding such hypothesis, this paper looked at the impacts of US monetary policy on domestic bond and FX swap markets through an event study. According to our analysis, US monetary policy had significant positive impacts on domestic interest rates. In particular, it turned out to have bigger impacts on long-term products with high term premiums. By period, the correlation between US monetary policy and domestic interest rates was not significant before the financial crisis, but was clearly positive after the crisis. The US conventional monetary policy was seen to have big impacts on short-term and medium-term KTB yields, while its unconventional monetary policy had major impacts on long-term KTB yields. Moreover, FX swap rates reacted very sensitively to US monetary policy shocks before the financial crisis, while they did not show any significant reactions after the crisis. This suggests that, in line with the covered interest rate parity, the impact of US monetary policy shocks was transmitted to domestic financial markets mainly through swap rate adjustments before the global financial crisis, but through the changes in domestic interest rates during the post-crisis period.

• Journal of KIISE
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• v.43 no.8
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• pp.841-847
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• 2016

As network technology advances, a larger number of devices are connected through the Internet. Recently, cloud storage services are gaining popularity, as they are convenient to access anytime and anywhere. Among cloud storage services, object storage is the representative one due to their characteristics of low cost, high availability, and high durability. One limitation of object storage services is that they can access data on the cloud only through the HTTP-based RESTful APIs. In our work, we resolve this limitation with the in-memory file system which provides a POSIX interface to the file system users and communicates with cloud object storages with RESTful APIs. In particular, our flush mechanism is compatible with existing file systems, as it is based on the swap mechanism of the Linux kernel. Our in-memory file system backed by cloud storage reduces the performance overheads and shows a better performance than S3QL by 57% in write operations. It also shows a comparable performance to tmpfs in read operations.