• Composites Research
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• v.28 no.6
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• pp.372-377
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• 2015

In this study, we analyzed process numerically when a bogie frame skin is manufactured by applying resin transfer molding process using composite material instead of steel. Processing time was compared based on the various thickness of bogie frame skin and the weight variation of a skin was also considered. As a result, RTM processing time decreases and the weight of a bogie reduces as the thickness of frame skin increases with the assumption that fiber volume is constant inside the skin. By considering these results as the information to estimate the production cost, trade-off between two fields, processing time and structural properties, can be performed in design optimization to produce bogie frame.

• The Korean Journal of Financial Management
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• v.22 no.1
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• pp.37-69
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• 2005

This study intends to verify whether stock repurchase, as well as stock dispositions, affects shareholder's wealth and also whether repurchase/dispositions has varying impact de-pending on its purpose. According to empirical analysis, announcement of stock repurchase results in positive abnormal returns when the objective of stock repurchase is stock price stabilization or cancellation of shares. However, when the purpose of stock repurchase is granting incentives to executives/employees, we get the negative abnormal returns. Also, the termination of stock trust for reason of expiration or stock dispositions of which goal is to give incentives to executive/employees has a negative impact on stock price, whereas direct dispositions of stock to raise cash or to improve financial structrue are shown to significantly increase the wealth of shareholders. Cross-section analysis also confirms that stock repurchase and dispositions has different impact on excess returns depending on its purpose. The results of this study imply that the dispositions of stock should be regarded as an important financial strategic tool to be used by companies and what's more, such studies dealing with stock repurchase or dispositions should take firm's purpose into consideration in their approach.

• Resources Recycling
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• v.22 no.5
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• pp.50-55
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• 2013

The recovery of copper from spent photovoltaic ribbon was conducted using thermal treatment method at the range of temperature of $300^{\circ}C$ to $600^{\circ}C$ under inert atmosphere. The coating layer consisted of lead of 68.99 wt.% and tin of 31.21 wt.% was melted down at elevated temperatures and was collected on the bottom of crucible. The chemical composition of copper ribbon after thermal treatment was analyzed by ICP-MS (Inductively coupled plasma mass spectrometry) and the purity of copper was found to be obtained up to about 96 wt.% regardless of temperatures. The cross-sectional area of the specimen was also examined by SEM (scanning electron microscopy) and EDX (energy dispersive X-ray microscopy).

• The Journal of the Convergence on Culture Technology
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• v.1 no.1
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• pp.15-26
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• 2015

The purpose of this study was to analyze the sexual related predicting factors for Female University students in Korea. The cross-sectional descriptive study design was used. We selected 320 students from 6 Universities located in Seoul, Chungchung-do and Gangwon-do by convenience random sampling and received IRB from Y Univ. 299 students were included in the final analysis using logistic regression. Among 299 students, 60.2% of students reported to have sexual experience. The result of analyzing the related factors to sexual experience revealed that the students who were having friends who had sexual experience, smokers and those who were high grade, had significantly more sexual experience. According to the results of this study, there should be an intensive and female tailed sexual related program development for the University students, especially for smokers and including smoking cessation program. And the school health services of University combined general staff working should be strengthened to protect the University students from the critical situation caused by unwanted sexual experience.

• The Korean Journal of Financial Management
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• v.27 no.1
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• pp.209-237
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• 2010

This paper examines the relationship between information risk and equity premium in the Korean stock market. We use accruals quality as a proxy of information risk. Accruals quality (AQ) is estimated by Dechow and Dichev (2002) model, and then AQfactor is constructed based on the estimated AQ. Time-series and cross-sectional regression models are used to examine the relationship between information risk and equity premium, reflecting the critics of Core et al. (2008). The result of the paper shows that information risk proxied by accruals quality is not priced in equity premium in the Korean stock market. This result is consistent with Core et al. (2008) for US firms, but different with Francis et al. (2005) for US firms and Gray et al. (2008) for Australia firms. Also, the result shows that AQfactor is closely correlated with firm characteristic variables such as firm size. This implies that the effect of AQ on equity premium is more likely to arise from the pricing error due to firm characteristics rather than from an unknown risk factor.

• Journal of Korea Water Resources Association
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• v.35 no.6
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• pp.693-701
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• 2002

In this study, one dimensional sediment movement numerical model(HEC-6) and semi-two dimensional sediment movement numerical model(GSTARS 2.1) were applied to solve the change of channel geometry in Bocheong stream. GSTARS 2.1 model was applied for the three selected sediment transport formulas(Ackers and White's, Engelund and Hanson, Yang formula) from 1993 to 2000 measured data on each section. The simulation results of Ackers and White formula for long -term bed changes are good when compared to the measured data. The HEC-6 model was applied for the simulation of one dimensional sediment movement for the same period. Comparison of the long-term simulations by GSTARS 2.1 and HEC-6 models with measured data shows that simulations by both models are in fair agreement with measured data in overall trend of the river bed changes. Comparisons of simulated cross sectional bed-elevations with measured data shows that GSTARS 2.1 model gives better agreement with than simulated results bed changes on the HEC-6 model.

• International Area Studies Review
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• v.12 no.3
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• pp.25-47
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• 2008

This paper tries to explore the impact of economic globalization on social capital accumulation. To investigate direct effect, we build a model and derive a proposition which can explain the relative decline in social capital brought about by market expansion. Besides direct effect, we also explore channel effect through democracy, government size, education attainment, and inequality. We estimate direct and channel effect of globalization using cross section of 65 countries data time period 1980-1999 using three-stage least squares(3SLS). Results are in line with predictions and clearly support that globalization significantly and negatively affects social capital accumulation. Channel effect also shows that globalization has a negative effect through aggravating income inequality while it has a positive effect through higher education attainment, higher level of democracy and larger government spending. Such a net negative channel effect reinforces our prediction. As a robustness check we estimate other sets of data and the result strongly supports our theory.

• International Area Studies Review
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• v.16 no.3
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• pp.323-341
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• 2012

In the recent year, the urbanization is emerging as important issue for sustainable development in China. Like the most of the world, urbanization of China is closely related with the domestic market development, the innovation of industrial structure, and the reduction of income cap among regions, urban-rural region and so on. This paper analyzes the impact of urbanization on economic growth using cross section data and time series data of the eastern coastal regions in China. Based on the existing literature, we establish a hypothesis, which is basically the same as Williamson(1965)'s hypothesis, that urbanization promotes the economic growth at the early stages of development but has adverse effects in economies that have reached a certain income level. The results of study are as follows: Using 10-provinces data of the eastern coastal region in China, this paper examines the impact of urbanization on economic growth. Regression results suggest that Williamson's hypothesis is not verified, regardless of estimation methods in two models. Hence, the results show that the impact of urbanization on economic growth has not the inverse U-type function in the eastern coastal region of China.

• Journal of Korea Technology Innovation Society
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• v.22 no.3
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• pp.382-415
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• 2019

This study analyzes the impact of exclusive subcontracting on the input, behavior, and output of innovation in manufacturing industries of Korea. Based on the analysis of pooled cross-sectional data of 6,029 small venture firms, this study proved that the exclusive subcontracting between small venture firms and large enterprises are lowering R&D investment of small venture firms. Second, the innovation activities of small venture firms including the ratio of R&D personnel and the scope of cooperation and partnership with external organizations were lower than those of small venture firms that have non-exclusive or no relations with large enterprises. Third, the innovation performance of small venture firms such as the number of patent applications, the ratio of sales by new products, and the cumulative sales growth rate was lower than those of small venture firms that have non-exclusive or no relations with large enterprises. This study verifies that the exclusive subcontracting relationships significantly weaken the innovation process and performance of small venture firms systematically, resulting in a kind of market failure in which small venture firms have almost no incentive to facilitate innovation.

• KDI Journal of Economic Policy
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• v.9 no.1
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• pp.43-67
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• 1987

산업구조(産業構造)의 고도화과정(高度化過程)에서는 고용흡수력(雇傭吸收力)이 감소(減少)하는 양적측면(量的側面)의 과제(課題)와 기술인력(技術人力)의 수요(需要)가 상대적으로 증가(增加)하는 질적측면(質的側面)의 인력정책과제(人力政策課題)가 동시에 야기(惹起)된다. 본(本) 논문(論文)에서는 이러한 여건변화(與件變化)에 대응(對應)하는 정책과제(政策課題)를 도출(導出)하기 위하여 인력수요(人力需要)의 결정요인(決定要因)을 실증분석(實證分析)하였다. 거시분석(巨視分析)에서는 1970~84년(年) 기간(期間)의 연간(年間) 시계열자료(時系列資料)를 이용(利用)하여 노동수요함수(勞動需要函數)를 추정(推定)하여 산업별(産業別) 결정요인(決定要因)을 비교분석(比較分析)하였으며, 미시분석(微視分析)에서는 섬유(纖維) 자동차(自動車) 전자산업(電子産業)에서 임의추출(任意抽出)한 200개(個) 표본기업(標本企業)에 대한 횡단면자료(橫斷面資料)를 이용(利用)하여 기업(企業)의 인력수요행태(人力需要行態)를 분석(分析)하였다. 산업별(産業別) 노동수요(勞動需要) 분석결과(分析結果)를 보면, 자본비용(資本費用)에 대한 노동비용(勞動費用)의 상대적상승(相對的上昇)이 노동수요(勞動需要)를 감소(減少)시켜 왔으나, 고용(雇傭)은 기본적으로 자본투자(資本投資)로부터 더 큰 영향을 받는 것으로 나타났으며, 또한 자본(資本)의 고용창출효과가(雇傭創出效果), 특히 제조업부문(製造業部門)에서, 시간(時間)의 경과(經過)에 따라 감소(減少)하는 것으로 분석(分析)되었다. 미시분석결과(微視分析結果)를 보면, 전문대졸(專門大卒) 및 고졸학력(高卒學力) 근로자(勤勞者)에 대한 수요(需要)는 중소기업(中小企業)에서, 대졸(大卒) 및 중졸이하학력(中卒以下學歷) 근로자(勤勞者)는 대기업(大企業)에서 흡수(吸收)하려는 것으로 나타났으며, 생산요소중(生産要素中) 노동(勞動)에 대한 투자우선순위(投資優先順位)는 자동차산업(自動車産業)에서 높게 나타났으며, 숙련기능인격(熟練技能人格)에 대한 수요(需要)는 세 산업(産業) 모두 높게 나타났다.