• KDI Journal of Economic Policy
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• v.32 no.3
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• pp.71-99
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• 2010

The concept of CoVaR introduced by Adrian and Brunnermeier (2009) is a useful tool to measure the risk spillover effect. It can capture the risk contribution of each institution to overall systemic risk. While Adrian and Brunnermeier rely on the quantile regression method in the estimation of CoVaR, we propose a new estimation method using parametric distribution functions such as bivariate normal and $S_U$-normal distribution functions. Based on our estimates of CoVaR for Korean banking industry, we investigate the practical usefulness of CoVaR for a systemic risk measure, and compare the estimation performance of each model. Empirical results show that bank makes a positive contribution to system risk. We also find that quantile regression and normal distribution models tend to considerably underestimate the CoVaR (in absolute value) compared to $S_U$-normal distribution model, and this underestimation becomes serious when the crisis in a financial system is assumed.

• Proceedings of the KIPE Conference
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• 2015.07a
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• pp.119-120
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• 2015

태양광 산업의 발전에 따라 계통연계형 태양광인버터의 EMC 관련 문제에 대해 CISPR 11 Ed. 6.0에서 태양광인버터의 DC포트에 대한 전도성 장해 허용기준을 추가로 제정하였고, 30MHz 이하 전도대역에서 20kVA이하, 75kVA이하 및 75kVA 초과하는 용량의 산업용 및 가정용에 대한 기준을 소개한다.

• Journal of Korea Port Economic Association
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• v.39 no.1
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• pp.115-129
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• 2023

This study analyzed the risk spillover of BDI on shipping company stock prices through the Copula-CoVaR method based on daily data from January 4, 2010, to October 31, 2022. The main empirical analysis results and policy implications are as follows. First, copula results showed that there was a weak dependence between BDI and shipping company stock prices, and PAN, KOR, and YEN were selected as the most fitting model for dynamic Student-t copula, HMM was selected as the rotated Gumbel copula, and KSS was selected as the best model. Second, in the results of CoVaR, it was confirmed that the upside (downside) CoVaR was significantly different from the upside (downside) VaR in all shipping companies. This means that BDI has a significant risk spillover on shipping companies. In addition, as for the risk spillover, the downside risk is generally lower than the upside risk, so the downside and upside risk spillover were found to be asymmetrical. Therefore, policymakers should strengthen external risk supervision and establish differentiated policies suitable for domestic conditions to prevent systematic risks from BDI shocks. And investors should reflect external risks from BDI fluctuations in their investment decisions and construct optimal investment portfolios to avoid risks. On the other hand, investors propose that the investment portfolio should be adjusted in consideration of the asymmetric characteristics of up and down risks when making investment decisions.

• Elastomers and Composites
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• v.50 no.1
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• pp.18-23
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• 2015

Vinyl acetate (VA) contents of poly(ethylene-co-vinyl acetate) (EVA) analyzed by infrared spectroscopy (IR), nuclear magnetic spectroscopy (NMR), and thermogravimetric analysis (TGA) were compared. Four grade EVAs supplied by Aldrich Co. and four grade EVAs manufactured by DuPont Co. were used. For IR analysis, VA contents were determined using calibration curve (absorbance ratio of $1739cm^{-1}/2922cm^{-1}$ or $609cm^{-1}/1464cm^{-1}$) of reference EVAs. Correlation coefficients of the calibration curves were not sufficiently high ($r^2{\leq}0.96$). For NMR analysis, VA contents were determined using peaks of $CH_3$, $CH_2$, and CH. VA contents determined by NMR analysis were less than those marked by suppliers more than 10%. For TGA, VA contents were determined using weight loss through deacetylation. VA contents determined by TGA were slightly different with those marked by suppliers. Difference in the VA contents determined by different analytical methods was discussed, and difference in the analytical results according to the EVA suppliers was also examined.

• The Korean Journal of Applied Statistics
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• v.29 no.1
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• pp.171-180
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• 2016

Basel committee suggests using Value-at-Risk (VaR) and expected shortfall (ES) as a measurement for market risk. Various estimation methods of VaR and ES have been studied in the literature. This paper compares semi-parametric methods, such as conditional autoregressive value at risk (CAViaR) and conditional autoregressive expectile (CARE) methods, and a Gaussian quasi-maximum likelihood estimator (QMLE)-based method through back-testing methods. We use unconditional coverage (UC) and conditional coverage (CC) tests for VaR, and a bootstrap test for ES to check the adequacy. A real data analysis is conducted for S&P 500 index and Hyundai Motor Co. stock price index data sets.

• Journal of Information Display
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• v.5 no.2
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• pp.23-26
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• 2004

For high end, large area displays, all current LC modes require some degree of optical compensation to improve the front of screen viewing experience. Currently most optical films are laminated to the outside of the LCD cell, between the glass and polariser. In this paper we wish to show how it is possible to integrate the compensating optical film within a VA mode LCD cell. The paper will describe the process of making the biaxial film through the process of in-situ photopolymerisation of an aligned film of reactive mesogens in the cholesteric phase using polarised UV light. The film can be made on the colour filter array side of the LCD panel. In addition the process of fabricating a VA mode LCD containing this film will be described and the performance of this module will be presented.

• 한국정보디스플레이학회:학술대회논문집
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• 2004.08a
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• pp.773-775
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• 2004

For high end, large area displays, all current LC modes require some degree of optical compensation to improve the front of screen viewing experience. Currently most optical films are laminated to the outside of the LCD cell, between the glass and polariser. In this paper we wish to show how it is possible to integrate the compensating optical film within a VA mode LCD cell. The paper will describe the process of making the biaxial film through the process of in-situ photopolymerisation of an aligned film of reactive mesogens in the cholesteric phase using polarised UV light. The film can be made on the colour filter array side of the LCD panel. In addition the process of fabricating a VA mode LCD containing this film will be described and the performance of this module will be presented

• Special Issue of the Society of Naval Architects of Korea
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• 2007.09a
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• pp.89-93
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• 2007

The Boil-off gas (BOG) generation during the voyage is inevitable since Natural Gas (NG) in normally liquefied below -160 degree C in atmosphere condition and small heat ingress due to relatively hot outside keeps evaporating continuously. The one of major issue in LNG carriers is to handle generated BOG from cargo tank. The generated BOG affects to increase the cargo tank pressure and Gas Management System (GMS) for LNG carriers is closely related to cargo tank pressure maintenance. Economically, BOG is generally used as fuel in LNG carrier. Newly developed GMS for LNG carrier in boiler propulsion system, VaCo System, not only accomplish automatic control in GMS but also ensure safer operation.

• Proceedings of the KIEE Conference
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• 1997.11a
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• pp.634-637
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• 1997

This paper is on the research and development of new SIV(Static Inverter) using IGBT(Insulated Gate Bipolar Transistor) semiconductor for a wide range of electric railway applications. For the simplification and higher controllability, the direct PWM control method with 3level inverter topology was adopted. In the new SIV system, the cost as well as bulk and weight was appreciably reduced about 40% lower than those of conventional SIV, the electrical efficiency was increased above 95% and the audible noise level was less than 65dB. In addition, the THD(Total Harmonic Distortion) factor was below 5% and the voltage fluctuation on a transient state was below 10%.

• Journal of Korea Entertainment Industry Association
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• v.14 no.4
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• pp.355-363
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• 2020

To investigate the relationship between breathing pattern disorder and pain in patients with chronic low back pain(CLBP). One hundred four patients were measured the End-tidal CO₂(EtCO₂) and respiration rate(RR) using capnography. Also, The Breathing-hold time(BHT), Nijmegen Questionnaire(NQ), and Thoracic excursion examinated. There was a significant correlation between EtCO₂ and BHT, thoracic excursion(r=.302, r=.281)(p<.01), and a low negative correlation with RR, VAS(r=-.253, -200)(p<.05). There was a significant correlation between NQ and RR(r=.237)(p<.05). There was a low correlation between thoracic excursion and VAS(r=-.370)(p<.01). There was a significant difference in the EtCO₂, RR, BHT, thoracic excursion, and VAS between the thoracic and diaphragm breathing pattern(p<.05). There were no significant differences in the NQ(p>.05). There was a correlation between EtCO₂ and BHT, thoracic excursion, RR, VAS in patients with CLBP. In addition, There was a correlation between RR and NQ, thoracic excursion, and VAS. As a result, it was found that there is a close relationship between breathing pattern disorder and pain. There was a significant difference in the EtCO₂ level, RR, BHT, thoracic excursion and VAS value in the comparison of thoracic breathing pattern and diaphragm breathing pattern. This is a meaningful result of suggesting a breathing pattern treatment approach in the rehabilitation and pain management of chronic low back pain patients in clinical practice.