• Title/Summary/Keyword: 전략적거래

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A Comparative Study on the Compliance Program of Strategic Trade and Similar Systems in Korea (한국의 전략물자 자율준수체제와 유사제도에 관한 비교연구)

  • Kim, Hyun-Jee;Shin, Ah-Reum;Chae, Soo-hong
    • Korea Trade Review
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    • v.41 no.4
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    • pp.269-291
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    • 2016
  • This study suggests an improvement for stable and effective management of the Compliance Program of strategic trade(CP) by comparing and analyzing the program and other similar systems in Korea, the authorized economic operator(AEO) system and the Fair Trade Compliance Program. To improve the CP, training requirements should be materialized, evaluation of companies' ability to judge strategic materials should be intensified, and incentives should be offered to the companies that actively adopt the program. Moreover, the current designation system should be changed to the designation-after-registration system to strengthen and spread out the CP, and the follow-up management should be reinforced for successful management of the program.

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Technical Trading Rules for Bitcoin Futures (비트코인 선물의 기술적 거래 규칙)

  • Kim, Sun Woong
    • Journal of Convergence for Information Technology
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    • v.11 no.5
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    • pp.94-103
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    • 2021
  • This study aims to propose technical trading rules for Bitcoin futures and empirically analyze investment performance. Investment strategies include standard trading rules such as VMA, TRB, FR, MACD, RSI, BB, using Bitcoin futures daily data from December 18, 2017 to March 31, 2021. The trend-following rules showed higher investment performance than the comparative strategy B&H. Compared to KOSPI200 index futures, Bitcoin futures investment performance was higher. In particular, the investment performance has increased significantly in Sortino Ratio, which reflects downside risk. This study can find academic significance in that it is the first attempt to systematically analyze the investment performance of standard technical trading rules of Bitcoin futures. In future research, it is necessary to improve investment performance through the use of deep learning models or machine learning models to predict the price of Bitcoin futures.

International Greenhouse Gas Emission Trading: A Review and Prospect (국제 온실가스 배출권거래제도에 대한 대응 방향)

  • Jo, Yong-Seong;Kim, Yong-Geon
    • Environmental and Resource Economics Review
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    • v.9 no.1
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    • pp.183-208
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    • 1999
  • 교토의정서 제17조에 규정된 국제 온실가스 배출권거래제(IET)는 온실가스 감축의무가 있는 국가에 배출쿼터를 부여한 후, 동 국가간에 배출쿼터의 거래를 허용하는 제도로서, 최소의 비용으로 감축목표를 달성할 수 있는 장점을 가지고 있다. 현재 IET의 디자인과 관련하여 논쟁이 되고 있는 주요 이슈는 거래참가자의 대상 및 자격조건, 거래책임, 거래의 한계설정과 자연발생 잉여배출권 (Hot Air)의 인정여부 등이며 미국, 일본 중심의 JUSSCANZ그룹과 EC/동구권 국가들간에 이견을 보이고 있다. 향후 COP5와 COP6의 협상결과에 따라 IET의 모습도 달라질 것으로 전망되며, 경우에 따라서는 우리 나라가 감축의무를 부담할 시는 물론이고 그 이전이라도 IET를 활용하여 기업의 이윤을 제고시킬 수도 있을 것으로 판단된다. 이에 따라 IET에 대한 국가차원의 장기적인 전략수립이 필요하며 이를 위해서는 첫째, 교토메카니즘과 관련된 협상과정에서의 전략적 대웅이 필요하며, 둘째, IET 관련 해외정보의 신속한 수집, 전파 및 기업홍보를 통한 효율적 활용, 마지막으로는 시범적인 국내 온실가스 배출권거래제 도입 검토 및 기반구축이 필요하다.

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섬유ㆍ의류산업의 구조조정을 위한 QR 도입 전략

  • 정철웅
    • Proceedings of the CALSEC Conference
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    • 1998.10a
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    • pp.175-186
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    • 1998
  • 국내 섬유ㆍ의류산업의 고비용/저효율 구조를 혁신하기 위해서는 산업간 공급사슬을 효율적으로 관리할 수 있는 QR 시스템의 도입이 불가피할 것으로 보인다. QR 시스템의 성공적인 도입을 위해서는 정보기술적 측면에서 효과적이며 통합적인 정보 파이프라인의 구현, 그리고 기업문화적 측면에서 서로 다른 기업문화와 산업환경하에서의 기업 상호간 전략적 협력관계의 창출이 필수적 요건이라고 하겠다.

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국가간 e-Marketplace - Repository 연계 모델

  • 조태형
    • Proceedings of the CALSEC Conference
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    • 2001.08a
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    • pp.313-326
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    • 2001
  • e-Marketplace연계를 통한 수평적 시장 확대 및 이를 통한 국내산업의 기반 강화는 중요한 전략적 과제임 그러나 이를 실제 Business로 구현하기 위해서는 각 Entity간 그리고 국가간 Business/Technical Hurdle이 존재함 따라서 이에 대하여 각국 정부의 전략적 지원이 반드시 필요하며 구체화된 Pilot Project의 실시가 요구됨 단기적 과제가 아닌 장기 적/거시적 과제로 추진하여야함(중략)

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전자산업 e-Marketplace[Electropia]

  • 배승호
    • Proceedings of the CALSEC Conference
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    • 2002.01a
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    • pp.45-48
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    • 2002
  • 전자상거래에 대한 우리 기업들의 향후 1년간 대응 전략 매우 중요 ; 21세기 기업 생존을 결정 Global 경쟁 체제에 대한 준비 필요 "기업 개별"의 대응 전략과 함께 "산업별 공동"의 대응 전략 수립 필요 산업 전체의 표준화, 중소기업 정보화 등 주요 성공요인 사용회사의 적극적인 온라인 참여유도 Mp to Mp의 글로벌 network 추진(중략)

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Real Estate Management Strategy for The Prevention of Accidents Stater Founder Double Deal (초보창업자의 부동산 이중거래사고 예방을 위한 경영전략)

  • Lee, Mu Seon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.10 no.5
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    • pp.127-135
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    • 2015
  • The initial start-up founders are also often successful and sometimes unsuccessful. Conditions of establishment, it is necessary to management strategies such as site selection and strong entrepreneurial spirit with matching funds force to their aptitude. However, novice founder, in real estate transactions, there is a case in which a freak accident, such as the double sale occurs. South Korea's real estate transactions practice, difficult subject to systematic support, even as has been resolved legally, the damage of the victim so that the difficult issues that remain intact occurs. Therefore, beyond the problem to punish the perpetrators in such breach of trust crimes a legally double trade to this, is the strategy through the management histological approach received victim now of damage is required. We want to be viewed as discussion of What about the management strategy for accident prevention of real estate transactions in elementary founder accident concerning transactions such as real estate of double trafficking.

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Life Cycle of Index Derivatives and Trading Behavior by Investor Types (주가지수 파생상품 Life Cycle과 투자자 유형별 거래행태)

  • Oh, Seung-Hyun;Hahn, Sang-Buhm
    • The Korean Journal of Financial Management
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    • v.25 no.2
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    • pp.165-190
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    • 2008
  • The degree of informational asymmetry relating to the expiration of index derivatives is usually increased as an expiration day of index derivatives approaches. The increase in the degree of informational asymmetry may have some effects on trading behavior of investors. To examine what the effects look like, 'life cycle of index derivatives' in this study is defined as three adjacent periods around expiration day: pre-expiration period(a week before the expiration day), post-expiration period(a week after the expiration day), and remaining period. It is inspected whether stock investor's trading behavior is changed according to the life cycle of KOSPI200 derivatives and what the reason of the changing behavior is. We have four results. First, trading behavior of each investor group is categorized into three patterns: ㄱ-pattern, L-pattern and U-pattern. The level of trading activity is low for pre-expiration period and normal for other periods in the ㄱ-pattern. L-pattern means that the level of trading activity is high for post-expiration period and normal for other periods. In the U-pattern, the trading activity is reduced for remaining period compared to other periods. Second, individual investors have ㄱ-pattern of trading large stocks according to the life cycle of KOSPI200 index futures while they show U-pattern according to the life cycle of KOSPI200 index options. Their trading behavior is consistent with the prediction of Foster and Viswanathan(1990)'s model for strategic liquidity investors. Third, trading pattern of foreign investors in relation to life cycle of index derivatives is partially explained by the model, but trading pattern of institutional investors has nothing to do with the predictions of the model.

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The Price-discovery of Korean Bond Markets by US Treasury Bond Markets by US Treasury Bond Markets - The Start-up of Korean Bond Valuation System - (한국 채권현물시장에 대한 미국 채권현물시장의 가격발견기능 연구 - 채권시가평가제도 도입 전후를 중심으로 -)

  • Hong, Chung-Hyo;Moon, Gyu-Hyun
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.125-151
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    • 2004
  • This study tests the price discovery from US Treasury bond markets to Korean bond markets using the daily returns of Korean bond data (CD, 3-year T-note, 5-year T-note, 5-year corporate note) and US treasury bond markets (3-month T-bill, 5-year T-note 10-year T-bond) from July 1, 1998 to December 31, 2003. For further research, we divide full data into two sub-samples on the basis of the start-up of bond valuation system in Korean bond market July 1, 2000, employing uni-variate AR(1)-GARCH(1,1)-M model. The main results are as follows. First the volatility spillover effects from US Treasury bond markets (3-month T-bill, 5-year T-note, 10-year T-bond) to Korean Treasury and Corporate bond markets (CD, 3-year T-note, 5-year T-note, 5-year corporate note) are significantly found at 1% confidence level. Second, the price discovery function from US bond markets to Korean bond markets in the sub-data of the pre-bond valuation system exists much stronger and more persistent than those of the post-bond valuation system. In particular, the role of 10-year T-bond compared with 3-month T-bill and 5-year T-note is outstanding. We imply these findings result from the international capital market integration which is accelerated by the broad opening of Korean capital market after 1997 Korean currency crisis and the development of telecommunication skill. In addition, these results are meaningful for bond investors who are in charge of capital asset pricing valuation, risk management, and international portfolio management.

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Study on Path-dependency of Transmission Loss Allocation using Transactions Strategy (거래전략에 따른 송전 손실 배분의 경로 의존성에 관한 연구)

  • Ha, Sang-Hyeon;Min, Kyung-Il;Lee, Su-Won;Moon, Young-Hyun
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.59-60
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    • 2007
  • 본 논문에서는 모선별로 송전 손실을 배분하는 방법에 대하여 연구하였다. 특히 거래 전략 행렬을 통한 송전 손실 배분 이론을 제시하였고, 제안된 송전 손실 이론이 수학적으로 경로 의존성을 가짐을 증명하였다. 또한 총 전송 손실량이 거래 전략에 독립적임을 밝혀 합리적인 손실 배분 방법임을 증명하였다. 본 논문에서 제시된 알고리즘은 IEEE 계통에서 시뮬레이션을 통하여 검증을 하였다.

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