• International Commerce and Information Review
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• v.7 no.4
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• pp.325-349
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• 2005

One aspect of the globalization of the financial market after the 1980s is represented by the concurrent monetarization of the national stock markets. As the IR activity is regarded as a new financial productivity measure, the IR activity in the stock market is being emphasized domestically and internationally. This study analyzes domestic IR activities and compares them with foreign IR activities. Specifically the "road show", a typical IR activity, which is known to resolve the information asymmetry between the firm and the investors is analyzed to see the extent of the their value increase impact on the firm. The study employs domestic and international firms that publicly announced "road shows" after April 2004. Event studies are done to see the existence of abnormal return after the public announcement of road shows. Domestic firms were found to have positive IR impacts on the stock prices, but international firms were found to have negative IR impacts on the stock prices. Also it was found that international public announcement of the road show have stronger positive impact on the stock price than domestic public announcement. The investigation of the statistically significant difference of CAR before and after the fair public announcement enforcement rule showed that the positive CAR impact is strengthened after the adoption of the rule. The conclusion is that increase of the firm value after the road show implies that the information asymmetry is reduced by the active IR actions on the firm side. The policy implication is that we have to reassure the understanding of the role of the IR activities. Specifically Korean firms may have to encourage IR activities to share the information of the firms with the investors, which may result in the trustworthy relationship between the firms and investors.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.12
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• pp.1911-1919
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• 2012

In this paper, we focus on a robotic sealing process in which three robots are used. Each robot can be considered as a 7 axis redundant robot of which the first joint is prismatic and the last 6 joints are revolute. In the factory floor, robot path planning is not a simple problem and is not automated. They need experienced operators who can operate robots by teaching and playing back fashion. However, the robotic sealing process is well organized so the relative positions and orientations of the objects in the floor and robot paths are all pre-determined. Therefore by adopting robotic theory, we can optimally plan robot pathes without using teaching. In this paper, we analyze the sealing robot by using redundant manipulator theory and propose three different methods for path planning. For sealing paths outside of a car body, we propose two methods. The first one is resolving redundancy by using pseudo-inverse of Jacobian and the second one is by using weighted pseudo-inverse of Jacobian. The former is optimal in the sense of energy and the latter is optimal in the sense of manipulability. For sealing paths inside of a car body, we must consider collision avoidance so we propose a performance index for that purpose and a method for optimizing that performance index. We show by simulation that the proposed method can avoid collision with faithfully following the given end effector path.

• Korean Institute of Interior Design Journal
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• v.17 no.2
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• pp.13-21
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• 2008

The purpose of this study is to analyze the development and characteristics of movable-housing planning concept. A document research method was used to analyze and classified the development of the movable-housing concept of 20th century. Through this study, the following conclusions have been reached; First, the origin of the movable-housing is from the prehistoric and traditional portable buildings, also due to the emergence of nomadic lifestyle using car traveling and mobile home in the 1920's. Second, the development of the movable-housing in 20th century was classified as follows; (1) In order to obtain the productivity and efficiency drawing from the industrialized-housing in the early of 1900s, movable furniture and flexibility was proposed. (2) American mobile home in 1920's, influenced by the development of car industry, was the most successful example of a factory-built building to be found in the world. (3) Dymaxion house and dome by R.B.Fuller, an aggregation of high-tech mechanical equipment, had a great impact on the development the concept of 'mobility' and influenced Archigram & Metabolist's movable capsule ideas in 1960's. (4) The lightweight materials such as plastic, duralumin and pneumatic structure were adopted for movable-housing in 1960's. Through this research, It is discovered that the stage of social development has close links with the developing aspects of movable-housing concepts. This study shows that the combination of three planning concepts such as flexible housing, mobile-housing and capsule will be more ideal in movable-housing planning rather than relying on just one type.

• Transactions of the Korean Society of Automotive Engineers
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• v.22 no.7
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• pp.70-75
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• 2014

The experiment was done on traveling at the speed of 20km/h, 60km/h and 100km/h using the performance testing mode for chassis dynamometer. The experimental method were employed to measure the waveform of secondary ignition coil and exhaust emission. In this experiment, the correlation between the secondary waveform coming from ignition coil and exhaust emission were measured in decrepit vehicle. The secondary waveform characterized by the value of effective discharge energy. The following results are obtained by analyzing the data relativity between the effective discharge energy and exhaust emission. The variation rate of effective discharge energy was largest 60km/h, 20km/h, 100km/h velocity in the ordered named. As the vehicle velocity increases, the average variation rate of CO and $NO_X$ decreases and that of HC and $CO_2$ decrease. The value of effective discharge energy, CO, $NO_X$ and fuel consumption is measured badly in case of car with failures in MAP, spark plug and good in case of car with before and after maintenance regardless of vehicle velocities. The value of effective discharge energy is to be nearly parabolic shape as vehicle velocity increases. As the value of effective discharge energy increases, the value of $NO_X$, HC and $CO_2$ decrease, the value of CO increase. The most sensible factors of exhaust emission were CO, $NO_X$, and the small variation factors were HC, $CO_2$.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.22 no.12
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• pp.1639-1644
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• 2018

Unlike internal combustion engines, electric cars have little engine sound and very quiet, causing the following problems to occur. First of all, pedestrians are a threat to safety because they can't feel the car approaching. The driver is also unable to recognize how fast his car is driving at a certain speed. To solve these problems, electric cars should be artificially created and reused. This paper examines the problems of the Sampling engine sound currently being used and uses the engine sound to produce a sound engine sound for the solution. The sampling engine sound has some limitations in making natural engine sounds. To overcome this problem, we studied two methods of using software synthesizers. They found subtractive synthsizing and wavetable synthsizing, which compared wavetabe synthsizing with actual engine, sampling and subtractive methods to find the most similar to real engine sound. We found that data usage and production cost are more advantageous than sampling method and subtractive syndication method.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.35 no.2
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• pp.9-15
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• 2012

The purpose of this study was to investigate the effects of the secondary tasks such as sending text message (STM) and searching navigation (SN) on skin conductance level (SCL) and driving performance of relatively aged and high-experienced drivers. The subjects included 26 taxi drivers; 12 males aged $56.3{\pm}4.4$ with $28.4{\pm}6.4$ years of driving experiences and 14 females aged $55.5{\pm}3.5$ with $19.4{\pm}5.0$ years of driving experiences. All subjects were instructed to keep a constant following distance (30m) from the car ahead and a given vehicle speed (80km/h or 100km/h) in a driving simulator. The relative change of SCL, vehicle velocity deviations, and average following distances were measured during driving only and driving with secondary tasks. The relative change of SCL, average following distance, and vehicle velocity deviation were more increased during the driving with secondary tasks than driving only. The relative change of SCL, vehicle velocity deviation, and average following distance were more affected by driving with 100km/hr than 80km/hr of a given vehicle speed. Secondary tasks increased a work load of drivers in term of SCL change, and decreased driving performance in terms of the vehicle velocity deviation and average following distance.

• The Korean Journal of Financial Management
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• v.25 no.1
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• pp.51-84
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• 2008

We investigate the signaling effect of repurchase preceding new equity issue using Korean data. In a short time span, firms announce stock repurchases and equity offerings. The proximity of two events in Korean firms indicates that those are not independent of each other. In this paper, we test the signaling effect of repurchase on equity offerings on the two measures. One is announcement effect, which is measured as CAR(0, +2). The other is the effectiveness which is measured as CAR(0, +30) because the price movement during this window influences on the price of new issues. Previous studies that stock repurchase convey positive signal to equity offerings-Billet and Xue(2004) and Jung(2004)-construct sample without the limit of time interval between two events. This causes the unclear relation between those because of the long time interval. In this study we consider only samples of being within one year each other to reduce this problem and clarify the signal of repurchase on equity offerings. Korean firms are allowed to repurchase own shares with two different method. One is direct repurchase as same as open market repurchase. The other is stock stabilization fund and stock trust fund which trust company or bank buy and sell their shares on the behalf of firms. Generally, the striking different characteristic between direct repurchase and indirect repurchase is following. Direct repurchase is applied by more strict regulation than indirect repurchase. Therefore, the direct repurchase is more informative signal to the equity offering than the indirect repurchase. We construct two sample firms- firms with direct repurchase preceding-equity offerings and indirect repurchase-preceding equity offering, and one control firms-equity offerings only firms-to investigate the announcement effect and the effectiveness of repurchases. Our findings are as follows. Direct repurchase favorably affect the price of new issues favorably. CAR(0, +2) of firms with direct repurchase is not different from that of equity offerings only firms but CAR(0, +30) is higher than that of equity offerings only firms. For firms with indirect repurchase and equity offerings, Both the announcement effect and the effectiveness does not exist. Jung(2004) suggest the possibilities of how indirect stock repurchase can be regarded as one of unfair trading practices on based on the survey results that financial managers of some of KSE listed firms have been asked of their opinion on the likelihood of the stock repurchase being used in unfair trading. This is not objective empirical evidence but opinion of financial managers. To investigate whether firms announce false signal before equity offerings to boost the price of new issues, we calculate the long-run performance following equity offerings. If firms have announced repurchase to boost the price of new issues intentionally, they would undergo the severe underperformance. The empirical results do not show the severer underperformance of both sample firms than equity offerings only firms. The suggestion of false signaling of repurchase preceding equity offerings is not supported by our evidence.

• Journal of Korean Society of Transportation
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• v.22 no.4 s.75
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• pp.147-158
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• 2004

A class of SWP(Stochastic Wane Propagation) models microscopically mimics individual vehicles' stochastic behavior and traffic jam propagation with simplified car-following models based on CA(Cellular Automata) theory and macroscopically captures dynamic traffic flow relationships based on statistical physics. SWP model, a program-oriented model using both discrete time-space and integer data structure, can simulate a huge road network with high-speed computing time. However, the model has shortcomings to both the capturing of low speed within a jam microscopically and that of the density and back propagation speed of traffic congestion macroscopically because of the generation of spontaneous jam through unrealistic collision avoidance. In this paper, two additional rules are integrated into the NaSch model. The one is SMR(Stopping Maneuver Rule) to mimic vehicles' stopping process more realistically in the tail of traffic jams. the other is LAR(Low Acceleration Rule) for the explanation of low speed characteristics within traffic jams. Therefore, the CA car-following model with the two rules prevents the lockup condition within a heavily traffic density capturing both the stopping maneuver behavior in the tail of traffic jam and the low acceleration behavior within jam microscopically, and generates more various macroscopic traffic flow mechanism than NaSch model's with the explanation of propagation speed and density of traffic jam.

• Journal of Distribution Research
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• v.12 no.4
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• pp.49-77
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• 2007

The purpose of this study is to examine a relationship between the headquarters and the sales offices of a car manufacturing company by comparing their channel types. It examines how the level of communication and commitment of sales offices on their headquarters differently affects some mediating effects between participation and relationship performance. It also tries to find out what kind of mechanisms are needed in order to improve the relationship. Through the data analysis of a total of 200 sales offices which are directly managed stores and agency stores by a domestic car manufacturing company, the following conclusions were reached: Participation, one of the variables in bureaucratic structuring, influences all dimensions of communication. Also, it has found that communication dimensions influence commitment dimensions differently by the type of channels, and commitment dimensions influence relationship performance by the type of channels. Recently, import car makers are accelerating their moves in the domestic market, and the importance of a customer-oriented retail innovation and a relationship management in an auto manufacturing industry is increasing. This study will give an useful suggestion on how to improve a long term relationship of distributors through an enhancement of communication and commitment.

• Management & Information Systems Review
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• v.29 no.1
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• pp.1-23
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• 2010

This study examines the impacts of outside directors' characteristics and compensation on stock performances of KOSDAQ and NASDAQ IPO firms. The results of this study indicated the following interesting results. First, there is no significant relation between outside directors' age and CARs on KOSDAQ firms. while significant positive relation between outside directors' age and CARs on NASDAQ firms. And the elder age group shows a more positive impact on performances compared with the younger age group. Second, there is no relation between outside directors' academic background and CARs for KOSDAQ firms. But We find a significantly positive one for NASDAQ firms. Third, In Relation to outside directors' careers, their professional or CEO careers group have more positive impact on stock performances than gray directors' careers group. Lastly, there is an insignificant negative relation between the outside directors' compensation and CARs for KOSDAQ firms. while there is a positive relative for NASDAQ firms. In particular, there is a significant positive relative between value of stock options and CARs for NASDAQ firms. from the result, I could find out the stock option for outside' directors have a positive influence on firm value.