• Agribusiness and Information Management
• /
• v.4 no.1
• /
• pp.24-31
• /
• 2012

This case study investigates the KIKO currency option that has been a social issue in recent years among developing countries, especially Korea, where the financial derivatives market is in a state of rapid growth. The forward transaction which becomes a basis of derivatives is intended to hedge risks that may be caused by a future change in asset prices. Although it originates from a simple form of agricultural transactions, there currently exists a variety of derivatives in more sophisticated forms. In the Korean agricultural industry, the need to use such derivatives is great, as there is a huge risk of price fluctuation in agricultural products due to frequent adverse weather. In addition, many developing countries with export-led industrial structures similar to Korea's, of necessity must resort to currency hedging as a method of reducing relevant risk. However, in most cases, the lack of understanding about financial derivatives results in an inappropriate application of these derivatives. The KIKO in this study represents such cases. Since 2007, KIKO has been sold in Korea to many small- and medium-sized export companies for the purpose of currency hedging when the exchange rate between the Korean won and the U.S. dollar was in a downward spiral. The main focus of this study is a case which is most representative of KIKO. As inflation rapidly increased during the financial crisis in the U.S. at the end of 2007, derivatives became a hot issue in the courts rather than in the financial markets. This case study investigates what KIKO and the fierce legal debates over it imply, from the perspective of the option of value evaluation in order to suggest not only a direction in which companies can utilize financial derivatives, but also a roadmap for the future derivatives market.

• Korean journal of aerospace and environmental medicine
• /
• v.30 no.3
• /
• pp.83-85
• /
• 2020

In commemoration of Vol. 30, Issue 3, our journal prepared five review articles and one original paper. The global outbreak of COVID-19 in 2020 has impacted our society, and especially the aviation and travel industries have been severely damaged. Kwon presented the aviation medical examination regulations related to COVID-19 announced by the Ministry of Land, Infrastructure, and Transport of the Republic of Korea. Lim summarized various efforts of airlines to overcome the crisis in the aviation industry. He also discussed the management of these aircraft as the number of airplanes landing for long periods increased. Finally, he suggested various quarantine guidelines at airports and onboard aircraft. COVID-19 has had a profound impact on mental health as well as physical effects. Kim investigated the impact of COVID-19 on mental health and suggested ways to manage the stress caused by it. The Internet of Things (IoT) refers to a technology in which devices communicate with each other through wired or wireless communication. Hyun explained the current state of the technology of the IoT and how it could be used, especially in the aviation field. In the area of airline service, various situations arise between passengers and crew. Therefore, role-playing is useful in performing education to prepare and respond to passengers' different needs appropriately. Ra introduced the conceptual background and general concepts of role-playing and presented the actual role-play's preparation process, implementation, evaluation, and feedback process. For a fighter to fly for a long time and perform a rapid air attack, air refueling is essential, which serves refueling from the air rather than from the aircraft base. Koo developed a questionnaire based on the HFACS (Human Factors Analysis and Classification System) model and used it to conduct a fighter pilot survey and analyze the results.

• Korean Journal of Computational Design and Engineering
• /
• v.21 no.4
• /
• pp.397-408
• /
• 2016

VR and AR are widely used in many applications to provide more immersive visualization and natural interaction for learning and experiencing virtual but realistic tasks. Energy saving is considered as one of the most important issues throughout the world in order to overcome global warming and energy crisis. In particular, the awareness of home energy saving is regarded as a first step to deal with this issue. In this paper, we suggest a new learning environment using virtual and augmented reality (VR/AR) for home energy saving experience. In particular, it presents a comparative study of the user experience in home energy awareness using immersive virtual reality and mobile augmented reality. The first person user experience using immersive VR wearing head mounted display (HMD) and the third person user experience using mobile AR are implemented and systematically compared with each other in terms of the learning effect of energy saving and qualitative usability. Implementation results will be given to show the advantage and effectiveness of the proposed approach.

• KIEAE Journal
• /
• v.15 no.1
• /
• pp.53-60
• /
• 2015

Increase in energy consumption in building is a big concern world over. In Nepal, energy crisis is a big issue but energy demand in buildings is barely even thought about. In the southern part of Nepal, where the weather is mostly hot during the year, cooling in buildings is very important. This is an initial study regarding building design strategies which focuses on cooling energy consumption in the building. It can be seen from the study that simple passive strategies can be applied in building design which can support in decreasing cooling load. Different passive cooling strategies like orientation, building size, thermal mass, window design and two direct cooling strategies have been investigated in this study. Direct cooling strategies like shading and natural cooling helps in passive cooling. Different desing strategies have different impact on the cooling energy requirement and the study shows that thermo physical property of building materials has the maximum effect on the energy consumption of the building. Each design strategy creates and average of 20% decrease in energy consumption, whereas the thermal conductivity can have as much as 10 times more effect on the energy consumption than other design strategies.

• Health Policy and Management
• /
• v.14 no.2
• /
• pp.34-57
• /
• 2004

Universal health insurance normally requires a basic benefit package, whose design intersects with almost all other aspects of the health insurance debate. Despite its central importance, basic benefit package has not received the analysis it deserves in Korea. The issue of how to decide which health services should be delivered and to whom has been a matter for consistent policy debate. Many industrialized countries observed in this study have been dealing explicitly or implicitly with the basic benefit package. The methods vary from having a specific positive list of services (Bismarkian countries) to the use of guidelines (Beveridgian countries). The purpose of this paper is to form the underlying principles and process for determining what is included or left out by getting accurate and representative responses from health-related personnel. Mail survey is used. Economic burden for treatment, seriousness of disease and urgency of treatment are ranked at the first three priorities. Services that had been suspended because of financial crisis in health insurance scheme in 2001 were selected as items which should firstly be expanded into coverage. Diagnostic test against heart disease and vaccination were also selected as items which should additionally belong to the list of covered services.

• Research in Community and Public Health Nursing
• /
• v.13 no.4
• /
• pp.668-678
• /
• 2002

Purpose: The number of nursing home residents has been increasing in Korea. Nurses need to know the lived experience of relocation of the elderly to long-term care facilities. However, studies on this issue has not yet been conducted in Korea. Therefore, this study was carried out to understand the experience of institutionalization of the elderly using a phenomenological approach. Method: There were 11 participants who consisted of 5 men and 6 women living in 3 different nursing homes. The data was collected through in-depth interviews and participant observation from June 1999 to October 2001, and analyzed by Colaizzi's phenomenological method. Result: A total of 275 meaningful statements related to the experience of institutionalization by the elderly were obtained. Of the 275 statements, 175 were found as the statements with more general forms. 28 themes were grouped into 8 theme clusters. These theme clusters included' resentment at their sons', irresistible admission', 'humiliation on institutionalization', 'being unbearable to shock', 'grief to unfamiliarity', 'being in agony of outwards', 'regret for self-life' and 'comfort for new residence'. Conclusion: Based on these results. we can understand the lived experience of institutionalization of the Korean elderly. We need to develop a nursing program to help the elderly cope with this crisis, and studies about the familys experience on their parents admission to institutionalized facility warrant further exploration.

• Journal of the Korean Society of Clothing and Textiles
• /
• v.34 no.10
• /
• pp.1717-1730
• /
• 2010

This research analyzes the recent phenomenon of pursuing public benefit in fashion enterprises according to the increasing importance of corporate social responsibility attitudes towards the global sustainability crisis. The pursuit of public benefit in fashion enterprises has been realized by the activities that contribute to public welfare through one or plural corporations aligned with government, social corporations, and NGOs. The goals of public beneficial activities are to promote public issues and to support the underprivileged and communities both financially and voluntarily. Such activities can be categorized as philanthropy, sponsorship, social marketing, cause-related marketing, and public benefit product development. Especially public beneficial activities in fashion enterprises are featured as the charity donations of apparel products, the collaboration with fashion celebrities and artists in relation with popular culture and art, the limited edition of excellent design with slogans, and the visual campaigns to promote public issues. They deal with human right issues for the underprivileged and disease prevention issues. In addition, specially environmental issue and community trade issues (often raised in the fashion manufacturing and consuming process) are increasing.

• Proceedings of the KIEE Conference
• /
• 2009.07a
• /
• pp.1061_1061
• /
• 2009

Running low of fossil fuel energy forces the industry to find a new way to overcome this energy crisis. One of the solutions is using the unlimited and everlasting energy sources like wind, sun, water, and so on. Especially, sun energy becomes the hottest issue in recent years because of its merit in installation, operation and abundant material source of silicon. In 2008, about 5.5GW photovoltaic (PV) system has been installed all around world. Many professional renewable energy organizations expect that the total PV system installation will be 30GW. To sustain the long-term stability of the PV system, several institutes perform the test based on IEC standards like IEC 61215 for silicon crystalline PV module and IEC 61646 for thin film PV module. Also in South Korea, Korea Institute of Energy Research (KIER) performs the certificate test according to IEC 61215 standards. In this paper, we want to summarize and inform the 3 years‘ test results of domestic and foreign PV modules. The specific and technical explanation will be shown in the following paper in detail.

• Journal of Advanced Marine Engineering and Technology
• /
• v.36 no.2
• /
• pp.244-249
• /
• 2012

Recently energy crisis and environmental pollution using fossil fuel became social issue. The Fuel Cell, one of the new and renewable energy has great advantage for the former mentioned problems. The PEM Fuel Cell needs highly purified hydrogen for fuel, in many cases CH4 was reformed to H2 basically using steam reforming. The purpose of this paper is to understand the probability of ceramic honeycomb to apply the combustor of STR. We tested the heat accumulation performance of ceramic honeycomb by change of excess air ratio. The results were suitable for our purpose and also these results can be used to make high temperature air at mild combustion field.

• Transactions of the Korean Society of Mechanical Engineers B
• /
• v.33 no.4
• /
• pp.255-263
• /
• 2009

The most concerning issue of these days is the energy crisis caused by increasing threat of dependence on imported oil and volatile market trend. Under these circumstances, the PHEV(plug-in hybrid electric vehicle) is drawing attention for the next generation's car which could give a chance to decrease the dependence on imported oil and reduce the environmental impact of vehicle. The fueling cost of PHEV, one of the core factor of decision about buying car, should be calculated in the circumstances of Korea to make sure that PHEV has competitive power in real market. The fuel cost saving of PHEV versus CV(conventional vehicle) is simulated and discussed in the condition of increasing gasoline cost, electricity rate, and city-gas rate. In conclusion, the PHEV60-FS shows the best economic feasibility when gasoline price goes up. The PHEV20 has the most stable economic feasibility as electricity rate increases. The fuel cell cogeneration system for RPG could be an alternative for charger of PHEV in the near future.