• The Korean Journal of Financial Management
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• v.20 no.1
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• pp.1-27
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• 2003

The purpose of this study is to empirically investigate the role of capitalized intangibles such as patents, copy rights and R&D and non-capitalized intangibles such as advertising expenses and labor-related expenses, which are considered to be important to generating future excess profits, on the valuation of IPO shares. This study examines 125 firms which went public during 1992 - 1998. The result suggests that advertising expenses do not have significant influence on the offer price and the market price of IPO shares. On the other hand, R&D and labor-related expenses play important role in determining the offer price and the market price of IPO shares. In case of capitalized intangible assets, they we important factors in determining the market price but not the of for price. This study suspects that the Securities and Exchange Law of the Korean Securities Exchange Commission potentially contribute to the result of no effect of capitalized intangibles (except R&D) on the offer price by underwriters. According to the Law, any intangible assets which are considered to be irrelevant to the valuation of IPO shares must be exclued. This is very ambiguous and potentially cause underwriters to exclude any intangibles difficult to measure their value. However the market considers capitalized intangibles to be important, as suggested by the result of this study. To reduce this valuation asymmetry, it is important to reveal detailed information regarding the valuation of assets, in particular, intangible assets to the public.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.19 no.7
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• pp.778-784
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• 2008

In this paper, a chip antenna using multi-layer configuration for multi-band operation, such as GSM, DCS, pcs, WCDMA, and Mobile WiMAX for 2.3 GHz is proposed. This proposed antenna is a PIFA structure with multi-layer configuration fabricated on R04003 substrate(${\varepsilon}_r=3.4$) and its size is $22{\times}5.5{\times}4.0\;mm^3$. Multi-layer structure can effectively reduce the size of an antenna from a reuse of air-space and can achieve broad bandwidth due to decrement of parallel capacitances from the insertion air-gap to the middle layer. The proposed antenna has a broadband operation by the high order resonance modes and the resonance at the top layer. The measured bandwidths with over 45 % radiation efficiency are 80 MHz($880{\sim}960\;MHz$) at the lower band and 690 MHz($1,710{\sim}2,400\;MHz$) at the higher band.

• Journal of Korea Port Economic Association
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• v.33 no.1
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• pp.1-10
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• 2017

The dynamic nature of mechanization and automation to improve productivity and safety within logistics centers, has necessitated various studies to support efficient and safe working conditions for workers. However, accidents in the loading dock occur frequently as workers and forklift trucks operate within the same space. This research introduces cargo batch loading and unloading systems, which enable increasing productivity and safety through the use of mechanization and automation in the loading dock. To assist efficient operation of this new system, four pieces of general-purpose equipment or three pieces of dedicated equipment are deemed to be essential. Moreover, the floor area of the loading dock is designed to accommodate $256.28m^2$ and $207.00m^2$ for the general-purpose and dedicated systems respectively, in addition to the space allocated for equipment and additional space. The design of the loading dock considers the area of the loading dock as well as the cargo batch loading and unloading systems. Economic analysis, such as NPV, IRR, and PBT, were conducted in addition to sensitivity analysis on key variables.

• Journal of the Korean Society for Nondestructive Testing
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• v.35 no.2
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• pp.112-119
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• 2015

Photoacoustic microscopy is capable of providing high-resolution molecular images, and its spatial resolution is typically determined by ultrasonic transducers used to receive the photoacoustic signals. Therefore, ultrasonic transducers for photoacoustic microscopy (PAM) should have a high operating frequency, broad bandwidth, and high signal-reception efficiency. Polyvinylidene fluoride (PVDF) is a suitable material. To take full advantage of this material, the selection of the backing material is crucial, as it influences the center frequency and bandwidth of the transducer. Therefore, we experimentally determined the most suitable backing material among EPO-TEK 301, E-Solder 3022, and RTV. For this, three PVDF high-frequency single-element transducers were fabricated with each backing material. The center frequency and -6 dB bandwidth of each transducer were ascertained by a pulse-echo test. The spatial resolution of each transducer was examined using wire-target images. The experimental results indicated that EPO-TEK 301 is the most suitable backing material for a PAM transducer. This material provides the highest signal magnitude and a reasonable bandwidth because a large portion of the energy propagates toward the front medium, and the PVDF resonates in the half-wave mode.

• 한국해양학회지
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• v.29 no.4
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• pp.325-337
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• 1994

The distributions of heat and momentum fluxes on the surface over the oceans around the Korean Peninsula are obtained based on the surface-layer flux model of Kim and Kang (1994), and their seasonal variations are examined in the present study. the input data of the model is the oceanatmosphere data with a grid interval of 2$^{\circ}$ in longitude and latitude. The atmosphere data, which are the pressure, temperature, and specific humidity on the 1000 mb level for 3 year period of 1985∼1987, are obtained from the European center for Medium Range Forecast. The sea surface temperature (SST) is obtained from National Meteorological Center (NMC). The solar insolation and longwave radiation on the ocean surface are obtained, respectively, from the NASA satellite data and based on an emprical formula. It is shown from the net heat flux that the oceans near Korea lose heat to the atmosphere in January and October with the rates of 200∼ 400 Wm/SUP -2/ and 100 Wm/SUP -2/, respectively. But the oceans are heated by the atmosphere in April and July with about the same rate of 100 Wm/SUP -2/. The annualmean net heat flux is negative over the entire domain except the northern part of the Yellow Sea. The largest annual-mean cooling rate of about 120 Wm/SUP -2/ is appeared off the southwest of Japan. In the East Sea, the annual-mean cooling rate is 60∼90 Wm/SUP -2/ in the southern and northern parts and about 30 Wm/SUP -2/ in the middle part. The magnitude of wind stress in january is 3∼ 5 times bigger than those of the other months. As a result, the spatial pattern of annual-mean wind stress is similar to that of January. It is also shown that the annual-mean wind stress curl is negative. in the East China Sea and the South Sea,but it is positive in the northern part of the Yellow Sea.In the East sea,the stress curl is positive in the southeast and northern parts and negative in the northwestern part.

• 한국해양학회지
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• v.30 no.3
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• pp.170-183
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• 1995

Eddies and surface current field in the southwestern part of the East Sea were investigated using satellite-tracked drifters, CTD, and ADCP from November 1992 to September 1993. Trajectories of surface drifters provided information for the first time on the meandering motion of the East Korean Warm Current in the Ullung Basin (referred as UB) and clearly indicated the existence of cyclonic and anticyclonic eddies of various scales. Anticyclonic eddies persisting for a relatively long period were observed in UB and the southwestern corner of the Northern (Japan) Basin (SNB), while a cyclonic eddy was found in the coastal area between Sokcho and Donghae during the summer. Analysis shows that the eddy in UB behaved as a stationary eddy at least during the observation period and the cyclonic eddy was closely related to the existence of a cold water mass. The anticyclonic eddy in SNB was larger than that in UB, but much elongated in shape. The eddy in UB is characteristic of major and minor axes of about 120 and 70 km, revolution period of 13.6 days, mean swirl velocity of about 24 cm/s, and mean eddy kinetic energy of 392 cm$\^$2//s$\^$2/. The eddy in SNB is described as follows; major and minor axes of 168 and 86 km, period of 14.9 days, mean swirl velocity of 29 cm/s and mean eddy kinetic energy of 629 cm$\^$2//s$\^$2/. The mean translational speed is about 3 cm/s for both eddies. The agreement of the surface current pattern in UB observed by ADCP with the geostrophic flow pattern may suggest that the eddy in UB was nearly in geostrophic balance. The eddy was found to be strongly bottom-controlled.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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• v.3 no.3
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• pp.158-164
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• 1998

We introduce a statistical scheme to classify seabed from acoustic profiling data acquired using Chirp sonar system. The classification is based on grouping of signal traces by similarity index, which is computed using the K-L (Karhunen-Lo$\grave{e}$ve) transform of the Chirp profiling data. The similarity index represents the degree of coherence of bottom-reflected signals in consecutive traces, hence indicating the acoustic roughness of the seabed. The results of this study show that similarity index is a function of homogeneity, grain size of sediments and bottom hardness. The similarity index ranges from 0 to 1 for various types of seabed material. It increases in accordance with the homogeneity and softness of bottom sediments, whereas it is inversely proportional to the grain size of sediments. As a real data example, we classified the seabed off Cheju Island, Korea based on the similarity index and compared the result with side-scan sonar data and sediment samples. The comparison shows that the classification of seabed by the similarity index is in good agreement with the real sedimentary facies and can delineate acoustic response of the seabed in more detail. Therefore, this study presents an effective method for geoacoustic modeling to classify the seafloor directly from acoustic data.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.19 no.1
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• pp.23-32
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• 2008

In the VHF range, active antennas are widely used for wideband applications due to their small size. Active antenna consists of antenna elements and amplifiers, which are directly connected to each other. Gain and noise-figure characteristics are very important for good sensitivity performance, because it is located at the front end of a receiving system. In this study, we developed an active dipole antenna with 5:1 bandwidth(100${\sim}$500 MHz), which consists of a dipole antenna and a P-HEMT amplifier. To obtain required performances, the antenna and the amplifier should be designed simultaneously. In order for that, we introduced an equivalent port concept to model the 1-port dipole antenna as an equivalent 2-port system. Using the proposed equivalent port, the performance of the active dipole antenna was simulated by the ADS. In order to measure the gain and noise-figure characteristics of the antenna, we utilized the same concept of the two-port equivalent impedance model. The measurement results for typical gain, NF and VSWR in the required frequency band were 8dBi, 9dB and 1.7:1, respectively. The radiation patterns at the principal planes were same as the typical radiation pattern of a dipole antenna. By comparing the simulation results with measured ones, it is confirmed that the proposed methods works well.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.18 no.8
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• pp.887-894
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• 2007

In this paper, design and fabrication of the LPF with controllable four transmission zeros using electric coupling and added open stub is presented. Pass-band of the LPF is GSM band, and two transmission zeros are generated by the electric coupling at the WiBro and S-DMB band, And the other two transmission zeros are generated by the open stub at the upper frequencies. Harmonic frequency of the stop-band is suppressed by the realization of the filter using quasi-lumped element with small parasitic values. $C_M$, which is the electric coupling element of the equivalent circuit, is realized by the distance control between the open stubs of the filter structure. The fabricated LPF used teflon substrate with relative permittivity of 2.6. And it has a size of $38{\times}20{\times}0.79 mm^3$, which is including a feed line. The measured 3 dB cut-off frequency is 1.55 GHz, and locations of the transmission zeros are 2.20, 2.43, 4.11 and 6.84 GHz, respectively.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.19 no.10
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• pp.2223-2231
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• 2015

In this paper, we propose a built-in antenna for wireless USB dongle which has a modified structure from the existing planar monopole antenna. The proposed antenna implemented a dual-band characteristic by inserting Strip1, Strip2, Strip3 into the monopole structure combined with 'n' shape and feeded 50-Ω using coaxial cable. The antenna is designed on an FR-4 substrate of which the dielectric constant is 4.6, and its overall size is 10 mm × 50 mm × 1mm. Based on the measurement results of the return loss, it was confirmed to satisfy the dual band resonance characteristics of 740 MHz (2.3 ~ 2.7 GHz) and 1,200 MHz (5.15 ~ 5.825 GHz) by -10 dB. In addition, we obtain the omni-directional radiation pattern measurements in the operating frequency bands, and the maximum gain of the proposed antenna has 2.26~3.81 dBi in the 2.4 GHz band and 2.21~5.79 dBi. in the 5.5 GHz band, respectively.