• Title/Summary/Keyword: Commodity Markets

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How Vulnerability Research Motives Influence the Intention to Use the Vulnerability Market? (취약점 연구동기가 취약점마켓 이용의도에 어떠한 영향을 미치는가?)

  • Hyeong-Yeol Kim;Tae-Sung Kim
    • Information Systems Review
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    • v.19 no.3
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    • pp.201-228
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    • 2017
  • Vulnerability information, which can cause serious damage to information assets, has become a valuable commodity, thereby leading to the creation of a vulnerability market. Vulnerability information is traded on the vulnerability market from several hundred dollars to hundreds of thousands of dollars depending on its severity and importance, and the types and scope of the vulnerability markets are varying. Based on previous studies on vulnerability markets and hackers, this study empirically analyzed the effects of the security researcher's vulnerability research motivation on his/her vulnerability market use intention. The results are discussed as follows. First, vulnerability research self-efficacy had a significant effect on flow and on white and black market use intention but not on perceived benefit. Second, flow had a significant effect on perceived benefit and on black market use intention but had no effect on white market use intention. Third, perceived profit had a significant effect on white and black market use intention. Fourth, vulnerability research self-efficacy had a significant effect on perceived benefit through flow. Fifth, flow had a significant effect on white and black market use intention through perceived profit. These findings can be used to predict the behavior of security researchers who have experience in exploiting vulnerabilities.

A Study on Policies and Strategy of Technological Innovation in Korea (우리나라 기술혁신의 전략과 정책에 관한 연구)

  • Kim, Yong Hwan;Lim, Hee-Jung
    • Journal of the Korean Academic Society of Industrial Cluster
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    • v.1 no.1
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    • pp.47-66
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    • 2007
  • The progress of digital revolution leads to technology and industry infusion which make new products and new commodity markets in the existing industries. Under the circumstance of new innovation patterns in industries and globalization of the world, innovation firms adapt different evolution processes for different business situations. Technological innovation enhances the competitiveness of fins in the business world. This paper shows the researches on technological innovation which make constant economy growth in the knowledge based economy. And this paper also suggests the policy on technological innovation for the future growth of society. Main focus of this paper are as follows. First, the theoretical survey on technological innovation is reviewed. Second, the program and the supporting system for technological innovation in the USA and Europe are investigated. Third, the situation and problems of Korea is analysed. Fourth, strategy and suggestions on the development of technological innovation in the 21st century knowledge based economy is suggested through the window of cluster and regional economy development.

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A Survey on Pesticide Residues of Commercial Agricultural Products in Gwangju Area (광주지역 유통 농산물의 농약 잔류실태 조사연구)

  • Kim Jongpil;Gang Gyunglee;Yang Yongshik;Lee Hyanghee;Chung Jaekeun;Kim Eunsun
    • Journal of Food Hygiene and Safety
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    • v.20 no.3
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    • pp.165-174
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    • 2005
  • This survey was conducted to monitor the current status of pesticide residues in agricultural products collected in wholesale markets and big retailers in Gwangju, in 2004. A total of 751 samples was analyzed by multiresidue method. Vegetables and fruits accounted for the largest proportion of the commodities analyzed and those two commodity groups comprised 604 $(80\%)\;and\;83\;(11\%)$ of the total number of 751 samples. Of these 751 samples, 112 samples $(14.9\%)$ had pesticide residues and 29 samples $(3.9\%)$ had violative residues. The detection rate was the highest $25\%$ in January and the lowest $9.5\%$ in June. The violation rate was the highest $7.0\%$ in March and the lowest $0\%$ in April. The violation rate in wholesale products was higher than that in big retailer products, $5.8\%$ verses $3.5\%$. And of 112 samples with pesticide residues, the agricultural product in which the pesticide residues were the most flequently detected was perilla leaf $(17.9\%)$ followed by korean lettuce $(16.1\%)$, spinach $(8.0\%)$ and korean cabbage $(5.4\%)$ and among 112 samples, 22 samples $(20\%)$ had more than one pesticide. Procymidone $(20.3\%)$, endosulfan $(18.2\%)$, dimethomorph $(13.3\%)$, chlorpyrifos $(7.7\%)$ and azoxystrobin $(6.3\%)$ were the most frequently found in agricultural product analyzed.

Current Status and Prospect of Qauality Evaluation in Maize (옥수수의 품질평가 현황과 전망)

  • 김선림;문현귀;류용환
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.47
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    • pp.107-123
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    • 2002
  • This paper is intented to present a information of various aspects of quality related characteristics and standards for grades in maize. Maize is world's one of the three most popular cereal crops and a primary energy supplement and can contribute up to 30, 60, and 98% of the dairy diet's protein, net energy, and starch, respectively. Maize is also processed into industrial goods by wet or dry milling. Sweet corn is a leader among vegetable crops and its production for fresh or processing markets is a major industry in many countries. Over the years, the combined efforts of breeders and geneticists, biochemists, food scientists, and others have helped bring us to the point where we understand issues related to sweet corn quality. Traditional criteria for selecting corn hybrids have been based primarily on agronomic factors, including grain production, disease resistance, drought tolerance, and storage characteristics. Little emphasis has been placed on the quality and nutritional values of corn. Although there is widespread interest for value-enhanced corns have increased tremendously in the last five years, there is limited information available on the production and comparing the quality attributes of specialty grains with those of normal yellow dent corn. Most countries have developed national maize standards, aiming to provide a framework for trade, both internal and external. Where trading involves direct choice and price negotiation in front of the commodity, grading standards are rarely employed; quality is assessed visually and is influenced by end-use, and the price is determined more by local rather than national factors. The use of an agreed standard will provide an unambiguous description of the quality of the consignment and assist in the formation of a legally-binding contract. Standards can also be seen to protect consumers rights through setting limits to the amount of unsuitable or noxious material.

Analysis of the Effect of Energy Prices on Investment Sentiment: Applying the Wavelet Analysis Method (에너지 가격이 투자 심리에 미치는 효과 분석: 웨이블릿 분석 방법 적용)

  • Choi, Ki-Hong;Kim, Dong-Yoon
    • Journal of Korea Port Economic Association
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    • v.37 no.2
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    • pp.119-131
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    • 2021
  • Energy is an essential element in economic activity and people's lives, an important resource used by various industries, and the financialization of commodity markets has led to the growing importance of crude oil turning into the same asset as other assets. Accordingly, studies analyzing the correlation between energy prices and investor sentiment explain that investor sentiment affects oil prices through economic factors and speculation. In this study, we wanted to analyze whether the impact of the most representative changes in oil prices affects investor decision making, affecting investor sentiment, and applying wavelet consistency analysis to determine how energy prices relate to investor sentiment. Studies show that policies should be focused on policy and market changes because energy prices differ by time scale and investment sentiment should be more influential in the long term than in the short term.

A Survey on the Pesticide Residues on Agricultural Products on the Markets in Incheon Area from 2003 to 2005 (인천광역시 유통 농산물의 최근 3년간의 잔류농약 실태 조사연구)

  • Jeon, Jong-Sup;Kwon, Moon-Joo;O, Se-Heung;Nam, Hwa-Jung;Kim, Hye-Young;Go, Jong-Myoung;Kim, Yong-Hee
    • Korean Journal of Environmental Agriculture
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    • v.25 no.2
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    • pp.180-189
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    • 2006
  • This survey was done to investigate the pesticide residues on agricultural products on the markets in Incheon area from 2003 to 2005. A total of 10,431 samples was analyzed the residues by GC. The violation rates of the samples over maximum residue limits (MRLs) of pesticide residues established by Korean Food and Drug Administration (KFDA) in the survey of 2003, 2004 and 2005 were 1.3%, 0.9%, and 1.2%, respectively. The rate from the samples of 2005 surveyed in general wholesale markets was 3.1%, whereas that from agricultural wholesale market was 0.93%. Of the total violated samples, more than 70% of the rates were recorded from the samples of Gyeonggi-do and Incheon area in 2003 and 2004. However, the rates from Gyeonggi-do and Incheon in 2005 were remarkably reduced to 25.6% and 23.3%, respectively. Most commonly encountered agricultural commodity over MRLs was crown daisy. Positively detected pesticides were 12, 17 and 32 in the survey of 2003, 2004 and 2005, respectively. The pesticides detected yearly over MRLs during three years were chlorothalonil, chlorpyrifos, diazinon, endosulfan, procymidone. Decreasing tendency in detected and violated rates of the residues was observed in chlorpyrifos and diazinon, while increasing tendency in detected rates was recorded in chlorothalonil, endosulfan, procymidone.

An Empirical Study on Information Service Satisfaction of Shipping Market Reports (해운시황리포트 정보서비스 만족도에 관한 연구)

  • Lee, Seok-Yong
    • Journal of Korea Port Economic Association
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    • v.31 no.4
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    • pp.1-15
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    • 2015
  • During global recessions, such as the 2008 financial crisis, Korean shipping companies have been undergoing a liquidity crisis that is comparably worse than other shipping companies worldwide. One of the reasons behind this repetitive vicious cycle can be the lack of ability to foresee the future by analyzing and understanding the volatile shipping market. Traditionally, in order to assimilate the shipping market, larger Korean shipping companies have been purchasing market reports published by Europe-based research companies and shipping brokers, leading to a digital divide by company size. To resolve this issue, the Maritime Exchange Information Center (MEIC) has been publishing shipping market reports that include essential shipping information such as freight rates by different routes; commodity trends for iron ore, grain, and coal; ship-building trends for new-building, second-hand, and demolition markets; as well as bunker price and port congestion. This research was conducted to analyze the effectiveness of four variables-information usefulness, market reflection, information composition, and latest information-on information satisfaction. If the information satisfaction was found to be adequate, the analysis of actual proof was used to determine if the customers would be willing to purchase MEIC's report when it is chargeable. All the four variables were found to have positive effects on information satisfaction. In particular, latest information was found to directly affect the intention to purchase. Furthermore, high information satisfaction was related to the intention to purchase.

Export Competitiveness of Busan Port: Market Comparative Advantage Index (시장비교우위지수를 이용한 부산항의 수출경쟁력 분석)

  • Mo, Soo-Won;Chung, Hong-Young;Lee, Kwang-Bae
    • Journal of Korea Port Economic Association
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    • v.31 no.3
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    • pp.141-153
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    • 2015
  • This paper is an attempt to analyze the comparative advantage of Busan Port to China. For this, we use the market comparative advantage index, which is a version of the revealed comparative advantage index. The market comparative advantage index (MCA) uses trade patterns to identify the sectors in which a region has a comparative advantage, in this case by comparing Busan Port's trade profile with the world average (China). The indices are calculated at the commodity level of the HS four-digit classification. The export data used in this study are obtained from the Korea International Trade Association. Exports to China accounted for almost one third of Korean exports in 2014. There are, however, structural differences among the main export items of Busan Port. This paper, therefore, employs MCA indices to reveal the behaviors of the ten main export items, which are "HS3920-other plates/sheets/film/foil of plastics," "HS7606-aluminum plates/sheets/strip," "HS8479-unspecified machines/medical appliances," "HS8486-machines for semiconductor devices or wafers," "HS8529-parts for transmission apparatus for television," "HS8703-motor vehicles for the transport of persons," "HS8708-parts of motor vehicles," "HS9001-optical fibers," and "HS9013-liquid crystal devices." The study shows that export competitiveness of nine items increases, the exception being HS8703. However, China's import ratios of seven of the nine items for which the MCA indices go up are on the decrease, which means that it would be hard to expand the export market for these seven items, despite the higher MCA indices. Since the shares of the port's total exports to China of HS3907, HS8486, HS8529, HS9001, and HS9013 in total exports to China increase together with China's import ratio decreasing, these items may have promising export markets. MCA increases of HS7606 and HS8479 are attributable to China's lower import ratio, rather than a higher export share, so higher MCA indices do not guarantee higher export competitiveness for these items.

The effects of the value of performing art on attitude and customer satisfaction (공연예술에 대한 가치가 태도와 고객만족도에 미치는 영향에 관한 연구)

  • Koo, Eun-Ja;Park, Su-Jin;Ahn, Sung-Sik
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.9
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    • pp.543-551
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    • 2016
  • Recently, the cultural industry has become an attractive industry which is having a dramatic effect with the rise of Hallyu offering many possibilities for development. Specially, the marketing techniques employed by the performing arts industry started to change to respond to consumer tastes and demands like other commodity markets, as the popular performing arts industry began to receive attention as a promising industry. It is important to identify the behavior of consumers in order to actively deal with the demands and tastes of consumers that are becoming increasingly diverse and individualized. The performing arts market needs to recognize the importance of its audience and to apply appropriate marketing techniques. This study attempted to empirically identify the value of performing arts perceived by the audience and to investigate the influence of the relationship between the perceived value, attitude formation and satisfaction with performing arts. In order to examine the influence of the value of performing arts on attitude and customer satisfaction, a reliability analysis and factor analysis were conducted to investigate the dependability and validity of the measured variables. In order to achieve the study's intended purpose, the structural equation model (SEM) was utilized as the core analysis method. As a result, it was found that the perceived value and attitude towards performing arts have a positive effect on customer satisfaction. The results of this study are expected to be used as the basic data for organizations that plan performances to improve their marketing and promotion around the audience and for more specific and detailed research in the future.

The Study of Characteristics of Consumer Purchasing Private Brand Products at Large-Scale Mart (국내 대형마트의 유통업체 브랜드 상품 구매 소비자의 특성 분석에 관한 연구)

  • Hwang, Seong-Huyk;Lee, Jung-Hee;Roh, Eun-Jung
    • Journal of Distribution Research
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    • v.15 no.4
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    • pp.1-19
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    • 2010
  • As having the movement of developing private brand (PB) goods, domestic big retailers are facing up with new problems. Thus, it is required studies of PB products, and how consumers recognize PB products as a consideration commodity set. Also, it is worthy in order that it gives us the important meaning on the marketing strategy with focusing on evaluating the differences between customers buying PB grocery goods with respect to demographic characteristics and purchasing behaviors. PB has some advantages for customers and retailers. However, according to AC Nielson's report (2005), Asian and emerging market has 1/5 sales relatively to Western countries. But we can assume that the emerging market has the most potential growth through this result. As a result from several other studies, it becomes necessary to not only increase the rate of selling composition of PB product temporarily, but also analyze the characteristics of customers using big retailers and segmenting customer groups to make PB product as a consideration commodity set for them. In addition, it is needed to have a variety of acts of marketing. From studies related to PB, there is a prejudice - cheap products have low quality - but, evaluation by customers who have used those products shows neutral stand, and there is a study representing that it is the most important to accumulate the belief between the retailers selling PB products and consumers using those for the accurate evaluation and intention on purchasing. Also, by the result from analyzing the characteristics of customers buying PB products, we could assume that higher income and higher education level, more preference on PB products. Especially, according to TNS's research, the primary targets of PB product are 30's who seeks value for money and planned spending habits, and 40's who have teenager children, and are interested in encouraging themselves. This paper used Probit model to analyze the characteristics of consumers. This model helps us to analyze with the variables representing the demographic characteristics of consumers (gender, age, educational level, occupation, income level, living area), and variables related to purchasing behavior (visiting frequency on big retailers, the average amount that they pay for goods in there, and check-up which brand made those goods). The method we used in this study is by man to man interview and survey on-line with the rate of 89% and 11% in Seoul and Gyunggi Province, respectively, for about one month from the beginning of February, 2008. As a result of this, under the assumption that people buy PB products more as long as they go shopping more, it was not meaningful for target groups which we pointed out as frequently visiting customers to be. Although, we have expected women buy more PB products than men do, gender doesn't mean anything for the result. And, it has inferred that married people buy more PB goods than singles do. It was also meaningless with variables related to occupation. Because housewives are often exposed to any kind of supermarket than workers are, we could not get any relatives. Moreover, we couldn't proof that younger generation prefer big retailers more than older people who 50~60's. Education levels doesn't affect on the purchase of PB product as well. Related to living area, the result is statistically not similar as we expected whether living in Seoul or not. It shows there is no relationship with the preference on retail brands and PB products, and it is similar with the study researched by TNS(2008) that customers tend to buy PB product impulsively no matter which brand it is and where they are even though their shopping place is the big market where customers are often using. Variables on which we had meaningful results are income level and living place. That is, customers who have 3,000,000~6,000,000 WON every month on average are more willing to buy PB products than other customers whose income is over 6,000,000 WON, and residents not living in Seoul prefer PB goods than those who are living in Seoul. To explain more about what we got, if there is only one condition about customer's visiting frequency on big retails, we could come up with this result that more exposed to PB products, more purchasing frequency. Consequently, it brings the important insight that large retailers have to prepare something to make customers visit them often to increase selling rate of PB products. To demonstrate the result of analyzing more, what is more efficient variables are demographically including marital status, income level, and residential area to buy items that affect the PB products and could include the frequency of visiting large markets by the purchase habits. Specifically, then, married couples rather than singles, middle-income customers than high-income customers, and local residents not living in Seoul than customers in Seoul are more likely to purchase PB goods. In addition, as long as a customer visits two times more, then the purchasing rate of PB products is to increase over 5.3%. Therefore, it seems that retailers are better to make a shopping place as fun and comfortable places. With overwhelming the idea that PB products are just cheap, one-time purchase goods, it is needed to increase the loyalty on those goods like NB products, try to make PB products as a consideration products set, and occur to sustainable sales. Especially, as suggested by this paper, it seems like it strongly needs to identify the characteristics of customers who prefer PB, to segment those customers, and to select the main target, and to do positioning with well-planned marketing strategies. Then, it is able to give us a meaningful point on marketing strategy by developing the field of PB study, identifying the difference of life style and shopping habits of customers.

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