• Journal of the Korea Institute of Information and Communication Engineering
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• v.25 no.3
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• pp.384-388
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• 2021

Currently, whether in a domestic or international sphere, many small businesses are suffering due to COVID-19. The grim reality is that several businesses are shutting down. While the national disaster relief grant was used to contain the damages by encouraging consumer spending, it has become difficult to prevent closures of small businesses. As of September 2020, more than 20,000 stores have closed in Seoul due to the COVID-19 pandemic. There has also been an increase in the number of people with depression caused by the COVID-19 blues. This issue is not only confined to Seoul in the Republic of Korea, but is influencing all other areas affected by the pandemic. As the number of COVID-19 patients increase, the number of open stores is decreasing steadily. The analysis of the correlation coefficient of Pearson, Spearman, and Kendall suggests a negative correlation between the number of COVID-19 patients and the number of stores in business.

• The Korean Journal of Applied Statistics
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• v.28 no.6
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• pp.1289-1312
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• 2015

This paper studies the comovement of industry defaults among listed companies. Rank correlation coefficients of Spearman's ${\rho}$ and Kendall's ${\tau}$ measure the concordance of default. These non-parametric coefficients do not require distributional assumptions and are easily used even with less data and extreme values. This study predicts a future financial crisis by looking at the comovement of industry defaults. We expect our analyses will aid market participants (including company executives) in making investment or risk management decisions.

• Journal of the Korean Data and Information Science Society
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• v.26 no.4
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• pp.931-946
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• 2015

Many multiple life insurance products consider benefits that are contingent on the combined survival status of two lives. To value premiums of the insurance products accurately, we need to consider the impact of the survivorship of one life on another. To show a dependence relation between married couple, we calculate correlation coefficients by using married couples data from National Pension Service and the results show some positive dependence between them. Moreover, by analyzing the death after bereavement, we find a evidence that mortality rates increase after the death of a spouse and, in addition, that this phenomenon, the broken-heart syndrome, diminishes over time. The results of this study can support the method to calculate the premium of multiple life insurance reflecting more realistic joint mortality rates.

• Proceedings of the Korea Water Resources Association Conference
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• 2017.05a
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• pp.421-421
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• 2017

In order to secure the safety of coastal areas from the continuous storm surge in Korea, it is important to predict the wave movement and properties accurately during the storm event. To improve the accuracy of the storm simulation, and to quantify coastal risks from the storm event, the dependencies between wave height, wave period, and storm duration should be analyzed. In this study, therefore, copulas were used to develop multivariate statistical models of sea storms. A case study of the east coast of Korea was conducted, and the dependencies between wave height, wave period, water level, storm duration and storm interarrival time were investigated using Kendall's tau correlation coefficient. As a result of the study, only wave height, wave period, and storm duration appeared to be correlated.

• Journal of Korea Water Resources Association
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• v.46 no.2
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• pp.99-109
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• 2013

Increasing complexity of the basin environments makes it difficult for single decision maker to consider all relevant aspects of problem, and thus the uncertainty of decision making grows. This study attempts to develop an approach to quantify the spatial flood vulnerability of South Korea. Fuzzy TOPSIS is used to calculate individual preference by each group and then three GDM techniques (Borda count method, Condorcet method, and Copeland method) are used to integrate the individual preference. Finally, rankings from Fuzzy TOPSIS, TOPSIS, and GDM are compared with Spearman rank correlation, Kendall rank correlation, and Emond & Mason rank correlation. As a result, the rankings of some areas are dramatically changed by the use of GDM techniques. Because GDM technique in regional vulnerability assessment may cause a significant change in priorities, the model presented in this study should be considered for objective flood vulnerability assessment.