• Title/Summary/Keyword: By-products exchange

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The Change in Exchange Rate Pass-Through into Import Price of the Post-FTA Import Market for Fishery Products in South Korea (FTA 이후, 국내 수입수산물 가격의 환율전가도 변화)

  • Lim, Eun-Son
    • The Journal of Fisheries Business Administration
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    • v.53 no.2
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    • pp.21-41
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    • 2022
  • The effect of change in exchange rates on an economy is very important, especially, to a small open economy like South Korea. I explore whether Free Trade Agreements (FTAs) have positive influences on exchange rate-pass through import price of import market for fishery products in South Korea. Competition among FTA partners is enhanced after FTAs are effective. I expect that the extent to which are exchange rate pass-through (hereafter, ERPT) into import price of fishery products (in terms of Korea currency) would be reduced since the import market for fishery products in South Korea is an oligopolistic market. Specifically, I investigate two research questions with six South Korea's FTA partners-Norway, Thailand, Peru, U.S., China and Vietnam. First, whether the extent to which are exchange rate pass-through into import price of fishery products from six FTA partners would decrase in the post-FTA era; seconds, the size of reduction has a negative relation with the size of their market share in the import market for fishery products in South Korea if it decreases. The empirical results indicate that the degree of ERPT into import price from other FTA partners than Norway has been reduced after FTA, statistically and significantly; however, I do not find the evidence that the size of reduction is related to their market share. The findings in this study imply that FTAs have negative effects on producers' economic welfare in South Korea's fishery industry by reducing the extent to which are exchange rate pass-through as well as reducing tariff barriers.

Characterization of Vitamins in Yeast Extract using Gel Filtration, Ion Exchange Chromatography and HPLC (젤 여과, 이온 크로마토그래피와 HPLC에 의한 효모 엑기스내의 비타민의 분석연구)

  • 최인호;홍억기;강환구;김인호
    • KSBB Journal
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    • v.15 no.1
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    • pp.76-79
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    • 2000
  • Complex, ill-defined mixtures of natural origin are often used as nutrients in the production of biological products through microbial fermentation. Product yields are affected by variation in these natural products. Yeast extract is a typical example of these natural products. Since it is a mixture of amino acids, peptides and nucleic acids, its composition is not well characterized. In this study, we investigated the properties of thiamine hydrochloride, riboflavin and pyridoxine hydrochlride in yeast extract by using a gel filtration chromatography, ion exchange chromatography and high performance liquid chromatography. Yeast extract solution was fractionated by gel filtration chromatography and ion exchange chromatography, and then, each fraction was analyzed by using a high performance liquid chromatography.

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Important Role of Power Exchange in Conducting Futures Market for Stabilizing Electric Power Industry in Transition

  • Yoon, Yong T.
    • KIEE International Transactions on Power Engineering
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    • v.3A no.1
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    • pp.53-60
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    • 2003
  • At present the electric power industry in Korea is going through a major restructuring process. The restructuring is motivated by a desire to reduce electricity supply costs, to attract new in-vestment in modern generation, transmission and distribution facilities, and to stimulate innovation in the wholesale production and the retail supply of electricity. The experience to date shows that restructuring of electric power industry in the US, however, is marred with a number of problematic market performances including unreasonably high prices at wholesale. This paper investigates the important role of Power Exchange for stabilizing electric power industry in transition by offering various financial products. These financial products are used for risk hedging by the market participants. The paper focuses on the risk hedging by an individual supplier and derives an explicit decision rule that incorporates the attitude towards the risks. In addition to providing the financial products for risk hedging by market participants, the Power Exchange plays another very important role of financial safeguard system. Because of its unique characteristics, the Power Exchange is well suited for financial surveillance where it performs the early detection of unsound financial (and to a large extent operational) practices on the part of any system users and protect the system integrity and the market participants from the consequences of a default in the clearing structure.

A Study on the Effect of Chinese Marine Pollution on Chinese Fisheries Export (중국 해양오염의 증대가 중국 수산물 수출에 미치는 영향에 관한 연구)

  • Lin, Xuemei;Kim, Ki-Soo
    • The Journal of Fisheries Business Administration
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    • v.46 no.1
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    • pp.75-91
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    • 2015
  • With the increasing improvement of living standard, people pay more attention to the quality and security of their food. There is an increase in the consumption of aquatic products and a vast prospect of its trade. Fisheries as a major one of the traditional industries in China have significant price advantages and natural resources. However, marine pollution in China is more and more serious and the expecting of aquatic products has been seriously influenced by green barriers in the recent years. This paper tries to examine the effect of Chinese marine pollution on export of aquatic products in China. This paper utilizes cointegration test to estimate long-run equilibrium between marine pollution and fisheries products export. The results indicate that real exchange rate and income variable have positive effects and fish price has negative effect on China's fisheries export to Korea. However, marine pollution variable has no statistically significant effect on dependant variable. And according to the result of China's fisheries export to Japan, exchange rate has positive effect and both fish price and marine pollution variable have negative effects on export. Lastly, marine pollution and income level have effects on dependant variable in the case of Hong Kong, but exchange rate and price variable have no significant effect on aquatic products export from China to Hong Kong. In a word, marine pollution of China is a serious problem and it has negative effect on Chinese export of aquatic products.

A Study on the Development of a Product Model-based Information Framework for AEC Products (AEC 시설물의 프로덕트 모델기반 정보공유 기술 개발에 관한 연구)

  • Kang, B.C.;Choi, S.R.;Kim, I.H.;Kim, H.D.;Kim, M.H.;Won, J.S.;Kwon, J.M.
    • Korean Journal of Computational Design and Engineering
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    • v.11 no.4
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    • pp.256-264
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    • 2006
  • Currently, it is necessary to share and exchange drawing information between 2D and 3D data in AEC(Architecture, Engineering & Construction) fields. The authors suggest an information model framework to express IFC(Industry Foundation Classes)-based drawing of 3D AEC products as 2D drawing. In this study, 1) an information framework has been developed to enable sharing and exchange of AEC product model by adding various information factors, 2) standardized APIs and an IFC2DBrowser are developed.

Synthesis of 5-bromouracil-$Br^{82}$ by Isotopic Exchange Method (Isotopic Exchange 에 依한 5-bromouracil-$Br^{82}$의 合成)

  • Pyun, Hyung-Chick;Kim, Jae-Rock
    • Journal of the Korean Chemical Society
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    • v.8 no.2
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    • pp.39-42
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    • 1964
  • As the bromination method with $Br_2^{82}$ for the synthesis of 5-bromouracil-$Br^{82}$ gave products with considerable impurities, e. g. uracil etc. an attempt to produce pure one by isotopic exchange method was performed. Bromide-82 ion such as $NH_4Br^{82}$ or $HBr^{82}$ undergoes no isotopic exchange with 5-bromouracil-Br. However, isotopic exchange between $NH_4Br^{82}$ and $Br_2$, and between $Br_2^{82}$ and 5-bromouracil-Br were too fast to determine the rate. The result indicated that this method can be used in the production of pure 5-bromouracil-$Br^{82}$. It was also found that the use of reducing agent to maintain $Br^{82}$ as bromide form was unnecessary on $NH_4Br^{82}$ production from reactor.

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Durability enhancement of anion exchange membranes for water electrolysis: an updated review

  • Akter, Mahamuda;Park, Jong-Hyeok;Kim, Beom-Seok;Lee, Minyoung;Jeong, Dahye;Shin, Jiyun;Park, Jin-Soo
    • Journal of the Korean institute of surface engineering
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    • v.55 no.6
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    • pp.319-327
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    • 2022
  • Ion exchange membranes have been developed from laboratory tools to industrial products with significant technical and trade impacts in the last 70 years. Today, ion exchange membranes are successfully applied for water and energy for different electro-membrane processes. Hydrogen could be produced by electrochemical water splitting using renewable energy, for example, solar, biomass, geothermal and wind energy. This review briefly summarizes the recent studies reporting the state-of-the-art anion-exchange membrane water electrolysis, especially focusing on the enhancement of the durability of anion-exchange membranes. Anion-exchange membrane water electrolysis could be used as inexpensive non-noble metal electrocatalysts that are capable of producing low cost of hydrogen. However, the main challenge of anion-exchange membrane water electrolysis is to increase the performance and durability. In this mini review, the limiting factors of the durability and the technology enhancing the durability will be discussed for anion exchange membrane water electrolysis.

A Web-service Environment for a Model Exchange between CAD and CAE with a XML Neutral Format (XML 중립포맷을 이용한 CAD와 CAE간의 모델 교환 웹서비스 환경 구축)

  • Kim J.U.;Lee S.H.;Chun H.J.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2005.06a
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    • pp.1326-1331
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    • 2005
  • A product is designed through the collaboration among engineers in several fields such as design, analysis, and manufacturing. These series of functions are performed repeatedly during the design process. An easy access and exchange of the model data is one of the important elements that help to shorten production development time. Especially, the importance of data exchange between CAD and CAE applications is increasing in the field of verification and estimation of the products. However, information and knowledge of model which is generated by a CAD software cannot be transferred by a function of CAE software, as an exchange of product data between CAD and CAE applications. It causes a delay in design analysis and eventually discourages a designer's effort in improving his design. Therefore, we need to integrate a commercial CAD and CAE applications effectively and to use the same interface on a product model obtained in a distributed environment. This paper shows how to implement a model exchange between CAD and CAE by a web-service and how to provide a communication environment among engineers.

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Synthesis of Analcime by Treating of Domestic Feldspar (국산 장석으로부터의 Analcime합성)

  • 김면섭
    • Journal of the Korean Ceramic Society
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    • v.14 no.1
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    • pp.7-11
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    • 1977
  • Domestic Anyang feldspar was treated in autoclave with 1N sodium hydroxide solution for 1-6 hrs at 100-20$0^{\circ}C$ By X-ray diffraction patterns and cation exchange capacity, the products were examined. The following concecutive reaction was valid. AlbitelongrightarrowAmorphous aluminosilicatelongrightarrowAnalcime The reaction rate constants, k1 and k2, were 0.20 and 0.15(1/hr) at 20$0^{\circ}C$ respectively. The activiation energy from albite to amorphous aluminosilicate was 10 kcal/mol, and from amorphous aluminosilicate to analcine 13 kcal/mol. The analcime obtained was excellent in cation exchange capacity, amounting to 210meq./100g.

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Optimization of Heat Exchange Network of SOFC Cogeneration System Based on Agricultural By-products (농산부산물 기반 SOFC 열병합발전 시스템 열교환망 최적화)

  • Gi Hoon Hong;Sunghyun Uhm;Hyungjune Jung;Sungwon Hwang
    • Journal of the Korean Institute of Gas
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    • v.28 no.1
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    • pp.1-10
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    • 2024
  • In this study, we constructed a process simulation model for an agricultural by-products based Solid Oxide Fuel Cell (SOFC) combined heat and power generation system as part of the introduction of technology for energy self-sufficiency in the agricultural sector. The aim was to reduce the burden of increasing fuel and electricity consumption due to rapid fluctuations in international oil prices and the expansion of smart farming in domestic farms, while contributing to the national greenhouse gas reduction goals. Based on the experimental results of 0.3 ton/day torrefied agricultural by-product gasification experiment, a model for an agricultural by-product-based SOFC cogeneration system was constructed, and optimization of the heat exchange network was conducted for SOFC capacities ranging from 4 to 20 kW. The results indicated that an 8 kW agricultural by-product-based SOFC cogeneration system was optimal under the current system conditions. It is anticipated that these research findings can serve as foundational data for future commercial facility design.