• Journal of Korea Trade
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• v.27 no.5
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• pp.167-198
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• 2023

Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.

• Journal of Institute of Control, Robotics and Systems
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• v.20 no.10
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• pp.995-1001
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• 2014

In the aftermath of the financial crisis of 2008, while numerous members of the general public lost their homes and jobs, many of the largest banks held responsible for the crisis have been successfully rescued by bailouts. In this paper, through the analysis of income inequality, unemployment, tax cuts, and bailouts, we show that the interests of the general public are different from the interests of politicians and bankers. While the small elite group of politicians and bankers could set the deregulation policies with inordinate power based on full information, most people were ignorant and unconcerned about the policies, and hence did not oppose them. Specifically, we model the credit change in the financial markets of the United States by a finite state machine, and design three local supervisors representing three groups with different interests. It is then shown that the deregulation policies were adopted according to the difference of the supervisors' powers.

• International Journal of Computer Science & Network Security
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• v.23 no.12
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• pp.181-186
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• 2023

The main purpose of the study is to analyze the features of state regulation of the labor market in a crisis. Structural shifts in the labor market are due to the transformation of public and economic relations in today's globalized world. Increasing competition, the development of the knowledge economy, information technology, changes in the content and forms of labor require updating the labor market regulation system. The research methodology implies the use of modern methods of analysis. The analysis of the features of state regulation of the labor market in crisis conditions is carried out.

• IE interfaces
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• v.25 no.3
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• pp.319-326
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• 2012

To effectively predict financial crisis, this paper presents an early warning system based on artificial intelligence technologies. Both Genetic Algorithms and Neural Networks are utilized for the proposed system. First, a genetic algorithm has been developed for the effective selection of economic indices, which are used for monitoring financial crisis. Then, an optimum weight of the selected indices has been determined by a neural network method. To validate the effectiveness of the proposed system, a series of experiments has been conducted by using the Korean economic indices from 2005 to 2008.

• Journal of Korean Library and Information Science Society
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• v.30 no.2
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• pp.29-53
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• 1999

Today, the central government and an autonomies make an attempt to contracting out, restructuring, and renaming for public libraries in Korea. These attempts are plot for a disorganization of public libraries. The purpose of this study is to analyze an entity of the plot and to extricate from the disorganization crisis. Based of the analysis, the best alternatives to extricate the crisis are reinforcing the basis of popular support, establishing the identity for public library, finding out opposing logic, taking a legal actions, pressing for a formation of local committee of library development, and overthrowing the confusion of library administrative system.

• The Journal of Information Technology
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• v.2 no.1
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• pp.79-90
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• 1999

The traditional firms are independent entities each working for themselves. It was the competitive strategy that the efficiencies are best achieved by free competition with independent businesses competing head on with each other. However, by an analysis of world market trend and Asian crisis in recent years, this paper suggests that cooperative rather than competitive strategies are considered a more effective way of achieving efficiencies and how to deal its crisis.

• Journal of Information Technology Applications and Management
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• v.28 no.5
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• pp.1-16
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• 2021

This paper attempts to explore the need and importance of values integration in educational activities to mitigate learning crisis and promote sustainable learning achievement. The traditional approach, commercial motive, focus on instrumental knowledge coupled with many other contemporary issues have collectively smothered the fundamental humanistic principles of education. To avert the situation and execute the core objectives, we need to shift our focus: a shift from instrumental knowledge to humanistic-transformational knowledge; a shift from the traditional approach of supplying and storing information to learning to deal with the real-world problems; a shift from head to heart. Values integration is an attempt to initiate and promote this shift. Rather than teaching values and moral principles under a particular subject heading, values need to be a part of everyday in-school and out-school activities. To concretize this concept, a model is proposed in this study as a holistic model of values integration via whole school ambiances and community support.

• Journal of Convergence for Information Technology
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• v.10 no.3
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• pp.67-75
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• 2020

This paper investigated the information spillover effect between stock market and bond market with the KOSPI daily index and MMF yield data. The overall analysis period is from May 2, 1997 to August 30, 2019. The empirical analysis was conducted by dividing the period from May 2, 1997 to December 30, 2008 before the global financial crisis, and from December 30, 2008 to August 30, 2019 after the global financial crisis, and the overall analysis period. The analysis shows that the EGARCH model considering asymmetric variability is suitable. The price spillover effect and volatility spillover effect existed in both directions between the stock market and the bond market, and the price transfer effect was greater in the period before the global financial crisis than in the period after the global financial crisis. Asymmetric volatility in information between stock and bond markets appears to exist in both markets.

• Convergence Security Journal
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• v.9 no.1
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• pp.29-37
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• 2009

According to Homeland Security Act of 2002, DHS in USA is comprehensively responsible for execution of protection methods on the public and private sectors against cyber attack for USA cyber crisis management. There are different laws and organizations according to the sector that is the public, the private, CII(Critical Information Infrastructure, or Non-CII in Korea. In this paper, we show the unified cyber crisis management of USA makes korea realize the importance to integration and systematization for the national cyber crisis management system.

• Journal of Information Technology Applications and Management
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• v.29 no.6
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• pp.145-157
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• 2022

Climate crisis is one of the most urgent and serious threats to the right to life. As AR picture books are particularly effective for safety education, this study aimed to produce an AR picture book featuring animals that are endangered due to the climate crisis. In order to increase the educational effect and enhance the climate sensitivity, this study developed a children's activity workbook (with follow-up activities) and a teacher's guide (with lesson plans) as a package. To this end, market research and surveys were first conducted. Next, through the management and support of the Korea Institute of Startup & Entrepreneurship Development, this research team produced a climate crisis themed AR picture book package through expert advice, help from outsourcing companies, and field application. The package was promoted through publicity in various forms of media. The contents of the AR-using picture book package of this case study were introduced and then advantages and disadvantages were discussed.