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The Role of stock market management and social media - Analyzing the types of individual investor and topic - (주식시장관리제도와 소셜 미디어의 역할 - 개인 투자자 집단 유형과 토픽 분석 -)

  • Kim, Jung-Su;Lee, Suk-Jun
    • Management & Information Systems Review
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    • v.34 no.5
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    • pp.23-47
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    • 2015
  • In the Korea stock market, individual investors have perceived stock as short arbitrage investment, not long-term investment strategy. In order to reinforce stock market transparency and soundness, it is important to enforce the measures for stock market management. Especially, stock market event caused by financial policy can be given individual investors negative information regarding a stock trading. Thus, it is a need for investigating whether comprehensive review of listing eligibility is influenced on individual investors' responses and stock behaviors in respect of effectiveness. The purpose of this study to examine the relations between such stock market management and transitional aspect of individual investors' trading types and response on the based of pre- and post-event occurrence. Using an dataset of user's text messages on 9 firms posted on the firm-based social media (i.e., Naver, Daum, Paxnet) over the period 2009 to 2014. And we performed text-clustering and topic modeling according to keywords for classifying into investors group and non-investors groups and two types of investors were categorized depending on main topic transition by event windows in Comprehensive review of listing eligibility. The results indicated that a variety of stockholders existed in the stock. And the ratio of non-investors group was on the decrease, on the other hand, the proportion of investors group veer onto the side of pre-pattern after comprehensive review of listing eligibility. A distinctive feature of our study is to explain the influence of stock market management on response changes of individual investors as well as to categorize in accordance with time progression. Implications an suggestions for future research were also discussed.

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ATM망에서 프레임 릴레이망을 근간으로한 기업통신망의 수용기술

  • Jeong, Jung-Su;Nam, Taek-Yong;Jeong, Tae-Su
    • The Magazine of the IEIE
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    • v.25 no.6
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    • pp.69-78
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    • 1998
  • 프레임 릴레이망을 백본으로 한 LAN과 LAN접속으로 형성되는 기업통신망이 현재 활발히 전개되면서 인터넷을 통한 광고, 전자거래가 중요한 서비스로 진행되고 있다. 국내의 프레임 릴레이 서비스 현황을 살펴보면 KT, 데이콤, 일부기업등에서 프레임 릴레이 교환기를 수입하여 주고객인 기업에 서비스를 제공하고 있다. 이들은 사용자 요구에 의해 주로 LAN과 LAN에 접속된 라우터 등의 종단 시스템간 PVC(영구가상회선: Permanant Virtual Circuit)접속을 통하여 다양한 서비스를 제공하면서 독자적인 기업통신체계를 구축하고 있는 실정이다. 이와같이 사용자 요구로 PVC등록시 프레임 릴레이망과 LAN을 연결하는 링크의 QoS(서비스 질: Quality of Service), 트래픽 파라메터는 수동적으로 설정된다. 현재 국내에서는 프레임 릴레이 교환기 개발은 전무하고 단지 그들을 수입하여 운용하는 수준이며 향후 ATM(비동기 전달모드: Asynchronous Transfer Mode)망의 중요 서비스 연동이 될 프레임 릴레이 기술은 심도있게 연구되고 있다. 향후 고속통신을 제공하는 백본망은 기존의 프레임 릴레이망과 ATM망이 공존할 추세이며 점진적으로 프레임 릴레이망은 사라질 것이다. 이때 ATM 망이 기존의 프레임 릴레이망을 백본으로 한 기업통신망 수용시 원할한 서비스 제공을 위해서는 프레임 릴레이망을 백본으로 채택한 기존의 기업통신망을 ATM망에서 수용시 야기되는 문제점의 제시와 이의 해결은 매우 중요하다고 생각된다. FR/ATM(Frame Relay/ATM)연동시 기업통신망 입장에서는 PVC뿐만 아니라 SVC(교환가상회선: Switched Virtual Circuit)호처리가 수용되어야 한다. 이와같이 PVC와 SVC 수용으로 기업통신망은 통신망의 구성 및 관리가 복잡, 다양해지며, 또 그 기업은 관련된 다양하고 수많은 고객과 접속될 수 있어야 한다. 이때 ATM망을 백본으로 한 공중망이 관련 기업의 사설 정보를 관리하도록 한다는 것은 그 서비스의 이용자에게 보안문제를 제기함은 물론 서비스 이용자가 자신의 망에서 동작하는 여러 서비스를 고객 스스로가 관리하는 것이 바람직하다. CNN(고객망관리 : Customer Network Management)은 이러한 고객에 의한 통신망, 공중망에 대한 부분적 관리 및 서비스에 대한 관리가 이루어 질수 있도록 수행하는 기능이다. 본 논문에서는 ATM망이나 프레임 릴레이망과 ATM 망이 공존시 기업통신망관점에서 야기되는 문제점의 제시와 이의 해결 방안을 살펴보았다. 우선 FR/ATM 연동에서 PVC설정뿐만 아니라 SVC 설정 방법의 연구, 이때 고려된 QoS,트래픽 처리과정을 살펴보았다. 또한 망관리 입장에서 기업통신망 관리자와 ATM망 관리자와의 온-라인 서비스를 제공하기 위해서는 변화된 통신망 차원서의 확장된 Managed Object(MO)를 근간으로한 체계적인 CNN-NMS(CNM-Network management System)연동을 살펴본후 결론에서는 추후 계속연구 및 조사 되어야 할 항목을 기업통신망 입장에서 서술하여 보았다.

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An Empirical Study on the Effects of e-Mail Marketing : A focus on e-Mail Campaign for Credit Card Consumers (이메일 마케팅 성과에 관한 연구: 신용카드 고객을 대상으로 한 캠페인을 중심으로)

  • Shin, Sung-Hoon;Chung, Soo-Yeon;Park, Cheol
    • Information Systems Review
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    • v.11 no.1
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    • pp.49-67
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    • 2009
  • E-mail marketing is the cheapest channel in target marketing. The channel works amazingly well for marketers who know how to use it. The e-mail marketers are able to integrate transactional and behavioral data to improve the targeting content of e-mail marketing campaigns. The cost in e-mail marketing is low and e-mail marketing makes no pollution. But, the e-mail response rate is lower than all the other channels. So, it is very hard for companies to increase their sales volumes, though the companies are ready to execute e-mail marketing campaigns on the side of computer systems. Marketers can send messages easily to target customers compared to other channels. But, the possibility to be read by the customers is low. Normal e-mails are continually devalued by spam mails. This study shows the influence of e-mail marketing to increase sales used by credit cards, on the basis of the real data promoted by A bank, in the Republic of Korea. The analysis on the traits of the respondent can help marketers to target customers. If additional studies on the response prediction model on the basis of traits of potential respondents are done, the targeting method to increase the effectiveness of e-mail marketing will be better structured and organized.

The Effect of the Interactivity and Knowledge Type Between KIBS Firms and Customers on Innovation in KIBS Firms (지식서비스 기업과 고객간의 상호작용성 및 지식유형이 기업의 서비스 혁신에 미치는 영향에 대한 연구)

  • Kim, Yong-Jin;Nam, Ki-Chan;Song, Jae-Ki;Lee, Nam-Hee;Yim, Myung-Seong
    • Information Systems Review
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    • v.12 no.2
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    • pp.145-166
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    • 2010
  • As the service industry is advancing, the meaning of service innovation has been evolved. Recently, service innovation embraces all creative activities about service offering or relevant to service offerings and emphasizes the importance of customers in innovation process as a key driver. The innovation in services is often the result from a collaborative process between KIBS firms and client firms. Many researchers have pointed out about how the KIBS firms drive the innovation through service. In spite of the importance of service innovation, previous studies did not address the questions about what kinds of factors affect service innovation in KIBS firms still remain, or what are the effects of different knowledge on the innovation process. Therefore, the purpose of this study is to investigate the effect of the interactivity that KIBS firms have with their customers on various types of innovations in KIBS firms. Interactivity has been touted to be the most important starting point for and the basis of service innovations. This study also examines the effect of knowledge types (tacit or explicit) on the relationship between interactivity and service innovation. To test the proposed hypotheses, we developed measurement items and distributed survey questionnaires to domestic companies. 230 survey questionnaires were distributed and 81 were returned among which 76 were usable. The results of this study show that interactivity may be a significant indicator of innovation within KIBS firms. It also represents that the effect of knowledge types on the relationship between interactivity and innovation. These results indicate that KIBS firms need to improve the various activities of interaction with customers for innovation. This study provides a blueprint to further investigation of the critical role of service in service science perspectives.

The Roles of Shop Owners in Boosting Conventional Markets (상권활성화에 있어서 상업자의 역할에 관한 연구)

  • Park, Seung-Je
    • Journal of Distribution Science
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    • v.9 no.4
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    • pp.93-102
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    • 2011
  • With the increasing interest in boosting conventional markets, many authors have paid considerable attention to the roles of shop owners, store image improvement, and how to attract or maintain customers. Nevertheless, it is not easy to find papers related to the relationship between shop owners and their contribution to trading areas, directly or indirectly, in the academic world. Accordingly, research for answering the following question has been initiated: what kind of roles do shopkeepers should play in revitalizing poor conventional markets? Based on the previous studies focusing on enhancing traditional markets, this research was approached from the new insights that have been obtained concerning how to boost conventional markets, that is, from the perspectives of a shop owner and a trader. Therefore, this research aims at identifying some resolutions associated with the roles of shop owners to enhance a shopping district in a specific area, classifying their business roles into a few categories, depending on the degree of their participation in improving the shopping environment. Compared with previous studies focusing on emphasizing the importance of improving customer services from a shopkeeper's perspective, this research provides a new insight as far as how to boost conventional markets. It is, furthermore, necessary to note how market participants, particularly shop owners as they are the key players, can contribute to rebuilding their business area together with their customers. As a research technique for effectively achieving the research goal, the authors adopted a documentation methodology based on a large amount of the existing literature for studying how to rebuild traditional markets. Concerned about the ways to revitalize conventional markets, many authors have proposed a variety of strategies, and have suggested more detailed action plans from a practitioner's perspective. By analyzing these research results, the authors will have accomplished the research aim. Rather than simply identifying the roles of shop owners, the author found that they had to understand their social contribution for enhancing their trading areas, as well as their functional roles, in forming a regional society. The conventional market should be, thus, regarded as the place to share regional culture. Consequently, the authors draw some conclusions from the research results. In order to answer the above question, it was found that the roles of shop owners have been considered as one of the most important ways for revitalizing traditional markets. With respect to their roles, it is evident that their business activities are closely related to the improvement of the trading area in terms of sociality, regional development, and market revitalization, by selling products or services to the customers visiting that area. In a word, this implies that shop owners have to actively take part in boosting conventional markets as a core player. Although the authors have properly achieved the research aim, this study has a limitation, like most other research, in adopting a documentation method. Because the research is based on existing data results provided by the prior research conducted a long time ago, whether the research findings are applicable in a contemporary market should be re-examined in future research from a practitioner's perspective, rather than from an academic's perspective.

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A Study on the Development of the Export Factoring in UK and US (영미 수출팩토링 제도에 관한 연구 - 한국에의 시사점을 중심으로-)

  • Lee, Oun-Yeong
    • International Commerce and Information Review
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    • v.14 no.1
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    • pp.345-366
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    • 2012
  • The country using factoring actively today is England. The history of factoring could throw back to the Middle Ages, but modern factoring was developed in colonial age of the United States and it was known throughout England in 1960s. At the beginning, it performed mercantile agent who works in local area in order to get rid of uncertainty and inconvenience of a distant trade, but it was getting developed into a today's factoring system which focusing more on financial function. The factoring is called 'account receivable financing' in the United States and it is started out as sales agent and getting developed to 'del credere agent' who guarantee the payment. The activities of factors have been expanded to not only consignment sale and payment guarantees but also advance financing service. However, at the end of the 19th century, the direct sales(direct marketing) was expanded by the development of telecommunication and transportation technology, and then the marketing service by factor was degraded, but the collection of payment and advance finance had been maintained until now and developed into today's factoring system. Especially, the establishment of Uniform Commercial Code in 1931 had formed the basis for activating factoring in the United States through preparing a legal basis of factoring. Due to changes of international trade environment, most of commercial bank in Korea have to deal with export factoring as a trade finance service and it is desirable to specialize as a financing for small and medium company.

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A Study of the Domestic Timber Marketing (국내재(國內材) 유통(流通)에 관(關)한 연구(硏究))

  • Yoo, Byung Il;Sung, Kyu Chul;Kim, Eui Gyeong;Kim, Sa Il
    • Journal of Korean Society of Forest Science
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    • v.71 no.1
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    • pp.1-8
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    • 1985
  • In the study, the log pricing process by region and marketing agencies was surveyed in order to analyze the domestic timber marketing situation, and to propose improvements. The results obtained show that the market channel configuration for domestic timber is simple compared with that for the agricultural products. The log felling contractor is the lead agency in the stumpage market because of the lack of market information of most forest owners. However, the log assembler, who has ample funds, seized leadership in the market channel because most felling contractors, deal only with small timber quantities, and are usually short of funds. Also the variety of log scaling methods is a serious factor confusing domestic timber marketing. Therefore, the following steps are proposed; 1) the provision of market information to forest owners, 2) the institutional control of felling contractors, 3) the establishment of cooperative log collection centers, 4) the improvement of log quality.

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A Secure Micro-Payment Protocol based on Credit Card in Wireless Internet (무선인터넷에서 신용카드기반의 안전한 소액 지불 프로토콜)

  • Kim Seok mai;Kim Jang Hwan;Lee Chung sei
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.29 no.12C
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    • pp.1692-1706
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    • 2004
  • Recently, there are rapid development of information and communication and rapid growth of e-business users. Therefore we try to solve security problem on the internet environment which charges from wire internet to wireless internet or wire/wireless internet. Since the wireless mobile environment is limited, researches such as small size, end-to-end and privacy security are performed by many people. Wireless e-business adopts credit card WPP protocol and AIP protocol proposed by ASPeCT. WAP, one of the protocol used by WPP has weakness of leaking out information from WG which conned wire and wireless communication. certification chain based AIP protocol requires a lot of computation time and user IDs are known to others. We propose a Micro-Payment protocol based on credit card. Our protocol use the encryption techniques of the public key with ID to ensure the secret of transaction in the step of session key generation. IDs are generated using ECC based Weil Paring. We also use the certification with hidden electronic sign to transmit the payment result. The proposed protocol solves the privacy protection and Non-repudiation p개blem. We solve not only the safety and efficiency problem but also independent of specific wireless platform. The protocol requires the certification organization attent the certification process of payment. Therefore, other domain provide also receive an efficient and safe service.

The Detection of Online Manipulated Reviews Using Machine Learning and GPT-3 (기계학습과 GPT3를 시용한 조작된 리뷰의 탐지)

  • Chernyaeva, Olga;Hong, Taeho
    • Journal of Intelligence and Information Systems
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    • v.28 no.4
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    • pp.347-364
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    • 2022
  • Fraudulent companies or sellers strategically manipulate reviews to influence customers' purchase decisions; therefore, the reliability of reviews has become crucial for customer decision-making. Since customers increasingly rely on online reviews to search for more detailed information about products or services before purchasing, many researchers focus on detecting manipulated reviews. However, the main problem in detecting manipulated reviews is the difficulties with obtaining data with manipulated reviews to utilize machine learning techniques with sufficient data. Also, the number of manipulated reviews is insufficient compared with the number of non-manipulated reviews, so the class imbalance problem occurs. The class with fewer examples is under-represented and can hamper a model's accuracy, so machine learning methods suffer from the class imbalance problem and solving the class imbalance problem is important to build an accurate model for detecting manipulated reviews. Thus, we propose an OpenAI-based reviews generation model to solve the manipulated reviews imbalance problem, thereby enhancing the accuracy of manipulated reviews detection. In this research, we applied the novel autoregressive language model - GPT-3 to generate reviews based on manipulated reviews. Moreover, we found that applying GPT-3 model for oversampling manipulated reviews can recover a satisfactory portion of performance losses and shows better performance in classification (logit, decision tree, neural networks) than traditional oversampling models such as random oversampling and SMOTE.

User-independent blockchain donation system

  • Sang-Dong Sul;Su-Jeong Lee
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.11
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    • pp.113-123
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    • 2023
  • This paper introduces the Cherry system, a user-independent blockchain donation system. This is a procedure that is delivered to the beneficiary's bank account through a virtual account when a donor makes a donation, so there is no difference from the existing donation delivery method from the user's point of view However, within the blockchain, Cherry Points, a virtual currency based on the user ID, are issued and delivered to the beneficiary, while all transactions and the beneficiary's usage history are managed on the blockchain. By adopting this method, there was an improvement in blockchain performance, with transaction processing exceeding 1,000 TPS in typical transaction condition and service completion within 21.3 seconds. By applying the automatic influence control algorithm to this system, the influence according to stake, which is an individual donation, is greatly reduced to 0.3 after 2 months, thereby concentrating influence could be controlled automatically. In addition, it was designed to enable micro tracking by adding a tracking function by timestamp to the donation ledger for each individual ID, which greatly improved the transparency in the use of donations. From a service perspective, existing blockchain donation systems were handled as limited donation delivery methods. Since it is a direct service in a user-independent method, convenience has been greatly improved by delivering donations in various forms.