• Title/Summary/Keyword: Down markets

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An Empirical Analysis on the Trade Policy and Its Effectiveness to International Reserves Implemented by Emerging Markets (신흥경제권에 있어서 통상정책과 외환보유고의 상관관계에 관한 실증분석)

  • Park, Suk-Gang;Park, Bok-Jae
    • International Commerce and Information Review
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    • v.15 no.3
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    • pp.41-62
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    • 2013
  • This paper, the accumulation of foreign exchange reserves in the financial systems of emerging markets mid-to long-term impact on how investigated. The accumulation of foreign exchange reserves in emerging markets is a highly effective means to prevent the recurrence of another financial crisis as well as to minimizing risks of financial crisis. By examining the economic effects of excessive accumulation of foreign exchange reserves on factors such as foreign liabilities, domestic consumption, domestic investment and economic growth from a mid-to long-term perspective, it reduced domestic consumption, but on the other hand, led to the expansion of the trade-related industries based on increase of exports. Although China implements a policy to substantially increase domestic investment, other emerging market countries have stagnant domestic investment activities due to excessive accumulation of foreign exchange reserves. Such fact signifies that excessive accumulation of foreign exchange reserves increases potential risks by depressing the mid-to long-term economic growth through the scale down of trade-related industries.

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Acrylamide monitoring in home-made food products (가정식 음식의 아크릴아마이드 함량분석)

  • Lee Mi-Seon;Park Jae-Young;Oh Sangsuk
    • Korean journal of food and cookery science
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    • v.20 no.6 s.84
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    • pp.708-711
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    • 2004
  • Swedish research in 2002 indicated that acrylamide formation was particularly associated with traditional high temperature cooking processes of certain carbohydrate-rich foods. Since the Swedish report, similar findings have been reported by researchers in numerous other countries. In 2003, three hundred and twenty seven domestic food products, selected on the basis of annual sales in Korea, were analyzed. The results were similar to those from other countries. In this study, the monitoring of acrylamide was expanded to include Korean traditional food products. Samples were purchased from local markets, prepared and then analyzed using LC/MS/MS methods. The categorized food products analyzed included cooked rices and porridges, soup products, fried products, boiled down products, seasoned products, roasted products and coffee. The acrylamide concentrations of the samples were $ND\~18ppb$ in cooked rices and porridges, $ND\~28ppb$ in soup products, $ND\~22ppb$ in fried products, $ND\~218ppb$ in boiled down products, <10ppb in seasoned and roasted products, and <10\~11ppb in brewed coffee and coffee drinks.

Chinese FDI in Africa (아프리카에 진출한 중국기업의 해외직접투자에 관한 연구)

  • Park, Chong-Don
    • International Commerce and Information Review
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    • v.16 no.1
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    • pp.25-42
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    • 2014
  • Since the reform and opening up in 1978, Chinese economy has been increasing rapidly with a high growth rate, but after 2012 the growth rate decreased as the reform of economic system. While economy in Africa began booming since 2000. Influenced by Global Financial Crisis and European Debt Crisis, economy in Africa slightly slowed down, but it was rebounding apparently from 2010. The urgent demand for energy and the sharp increasing in foreign exchange reserve pushes China to seek overseas markets. As Africa keeps a well relationship with China and the complementarity between China and Africa economy, Africa becomes one of the target markets for China's foreign development. Recently more and more enterprises begin to invest in Africa market. But till now the study on Africa mainly focuses on theoretical research based on real cases, and empirical research are very few and need to be increased. This thesis studies the influence of enterprise feature; local market feature and investment in foreign market on the result satisfaction of Chinese enterprises that invest in Africa markets. At the same time this thesis also studies and analyzes the market access strategy and marketing strategy for Chinese enterprises after entering overseas markets and put forward effective recommendation and suggestion for these enterprises. In order to proceed this study, 317 Chinese enterprises which invest in Africa have been investigated by me. And frequency analysis, reliability analysis, factor analysis, and simple regression analysis have also been conducted by SPSS18.0 APP to verify the hypothesis. The study result suggests that onlu investment in foreign market affects the Performance satisfaction of Chinese enterprises. And the market access strategy and marketing strategy play a role of the mediational effects when Chinese enterprises are investing in Africa.

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A Review of Japanese Agricultural Mechanization Policy (일본 농업기계화 정책에 대한 고찰)

  • 이충호;강창용
    • Journal of Biosystems Engineering
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    • v.24 no.2
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    • pp.167-178
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    • 1999
  • In the path of agricultural development, agricultural mechanization has played some decisive roles such as protecting natural disaster, substitution of labor shortage in agricultural production and so on. In making our country's agricultural mechanization plan, Japanese agricultural mechanization policy has been frequently referred to but it's very hard to find informative data for systematic analysis of the mechanization policy. In this paper it was tried to analyze the resent trend in Japanese agricultural mechanization policy and it's performance with many materials published in Japan. As the results, four things are recommended to be considered in making Korean agricultural mechanization policy. First, faster enlargement of agricultural machinery size in Korea might be very harmful to drop down agricultural production cost. Second, diverse utilization methods of agricultural machniery should be introduced. Third, a marketing of the used agricultural machinery must be activated to reduce agricultural production cost. Lastly, the joint R & D for developing low price agricultural machniery is necessary for small markets.

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Resides and the CODEX Standards (CODEX 규격(規格)과 잔류물질(殘留物質))

  • Park, Jong-Myung
    • Journal of Dairy Science and Biotechnology
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    • v.14 no.1
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    • pp.33-42
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    • 1996
  • Food-borne illnesses remain a world-wide public heath problem, Codex food standards, codes of practice and other guidelines protect consumers from unsafe food. Codex Alimentarius helps to reach this goal by combining consumer protection with food production and trade. Codex provides reassurance to anyone anywhere that foods produced according to its codes of hygienic practice and complying with its standards are safe and nutritious and offer adequate health protection. The Codex Alimentarius Commission is a science-based, international organization. Its standards, guidelines and recommendations are recognized world-wide for their vital role in protecting the consumer and facilitation international trade. At the same time they allow food producers, processors and traders access to markets by breaking down artificial nontariff barriers to trade.

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A Study on Abnormal Noise Reduction of Scroll Compressor (Scroll Compressor의 이상 소음 저감에 관한 연구)

  • Ahn, B.H.;Kim, Y.S.
    • Journal of Power System Engineering
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    • v.3 no.4
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    • pp.28-35
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    • 1999
  • An application of scroll compressor to the residential air conditioning and heat pump markets has generated many reliability problem, especially abnormal noise. Most of these noise problems is due to the check valve and compliance between FS(Fixed Scroll) and OS(Orbiting Scroll). FS and OS are the main parts of scroll compressor and are the main pumping part. But check valve has the role of protection of reverse rotation of OS when power is off. Check valve have several noise problems. Among them, shut down noise and valve movement noise is more than severe than any other problem. In this paper covers with these two noise problem.

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The Business Strategy Innovations of the Top Design Firms in Global Design & Engineering Markets (해외 선진 설계회사의 사업구조 혁신 동향 분석)

  • Jang Hyoun-Seung;Choi Seok-In;Hyun Joon-Sik
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.6 s.22
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    • pp.226-234
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    • 2004
  • Dynamic nature of the A/E/C industry, rapidly changing global market environment, and lowest cost competitive bidding make it difficult to survive in global engineering markets. To understand of the global design&engineering market, a case study has been undertaken. The top 150 global design forms represented in the ENR(Engineering News Record) from 1995 to 2003 are classified three groups for the case study, First group is the firms that its rank is getting raised from 1995. Second group is the firms keep holding its rank from 1994 until 2003. Third group is the firms that its rank has gone down from 1995 until 2003. However, finding key factors and changing business strategies of successful top design fm are the fundamental goals in this paper, After examined case study, this paper concludes and suggests that professionalization, M&A strategies, patrons of government, and academic supporting are needed to be succeeding in the global design & engineering industry.

A Study on Intention to Pirate Digital Video by an Integrated Model of TPB, TIB, and Neutralization (TPB, TIB 및 중화기술의 통합적 모형에 의한 디지털 영상물 불법복제 의도에 관한 연구)

  • Noh, Gyoung-Soo;Sim, Wan-Jun;Shin, Ho-Kyun
    • The Journal of Information Systems
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    • v.23 no.4
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    • pp.197-219
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    • 2014
  • Despite of continuous efforts to crack down on piracy using penalties and regulations, this unauthorized piracy market is still enormous. Since the moral hazard about this phenomenon is pervasive and continually upsets the major intellectual property markets, an alternative plan is required. The purpose of this study is to provide an objective insight for factors that affect people's digital video piracy behavior. The following two research propositions were the focus: what psychological factors affect piracy behavior and how are these factors related to one another? In order to accomplish the research aims, we reviewed literatures on the current state of piracy in South Korea, characteristics of digital contents, studies on criminal psychology and behavioral theories. Previous research in the fields of criminal theory indicated that neutralization, a form of rationalization, would help explain digital piracy intentions. Thus, this study developed a model that explains effects of neutralization techniques and tested the possibility of an integrated model with other behavioral theory such as TPB and TIB. Empirical results of the study(368 sample collected) showed that all the factors in TPB including Attitude to Piracy(+), Subjective Norm(-), Perceived Behavioral Control(+) had a significant impact on Piracy Intention. Moreover, two neutralization techniques, Condemn the Condemners(+) and Appeal to Higher Loyalties(+), had a significant effect on Piracy Intention. In addition, Past Behavior had strong impacts on Attitude(+), Perceived Behavioral Control(+) and Piracy Intention(+). In terms of Expected Profit, it had an impact on Attitude to Piracy positively. These findings suggest implications for protecting the current intellectual property markets, with many stakeholders in movies and media industries. There are some limitations as followed: first, the study did not consider other neutralization techniques, low level of deterrence and the other expected results despite the possibility of their effects. Second, the study needs improvements through longitudinal research because the cross-sectional research could not rule out the alternative explanations.

Statuses of World Governments' Space Activities and Space Markets in 2011 (2011년 세계 각국의 우주분야 투자 및 우주산업 현황)

  • Choe, Nam-Mi
    • Current Industrial and Technological Trends in Aerospace
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    • v.9 no.1
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    • pp.3-14
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    • 2011
  • The current space activities are soaring ever since the first human flight to outer space 50 years ago and the first satellite launch 54 years ago. 74 space launch vehicles were launched in 2010, up from average 66 yearly in 2000s, and 900 operational satellites are currently in orbit around Earth. Space has become a worthwhile investment for governments as space assets become vital to national social, economic, and technological development as well as contributing their national defense and security program. The world governments' investments on space programs have reached a historical peak of $71.5 billion in 2010. However, the growth of government funding for space has slowed down posting only a 2% growth rate since 2009 while 9 % compound annual growth rate experienced by world's space expenditures between 2004 and 2009. Korea invested $158 million in 2011, experienced strong decrease with a 16% compound annual growth rate since 2008. In this paper the current statuses of world governments' funding for space program and space market were presented and the current issues on the Korean space budget policy were reviewed.

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An Analysis on Mutual Shock Spillover Effects among Interest Rates, Foreign Exchange Rates, and Stock Market Returns in Korea (한국에서의 금리, 환율, 주가의 상호 충격전이 효과 분석)

  • Kim, Byoung Joon
    • International Area Studies Review
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    • v.20 no.1
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    • pp.3-22
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    • 2016
  • In this study, I examine mutual shock spillover effects among interest rate differences, won-dollar foreign exchange change rates, and stock market returns in Korea during the daily sample period from the beginning of 1995 to the October 16, 2015, using the multivariate GARCH (generalized autoregressive conditional heteroscedasticity) BEKK (Baba-Engle-Kraft-Kroner) model framework. Major findings are as follows. Throughout the 6 model estimation results of variance equations determining return spillovers covered from symmetric and asymmetric models of total sample period and two crisis sub-sample periods composed of Korean FX Crisis Times and Global Financial Crisis Times, shock spillovers are shown to exist mainly from stock market return shocks. Stock market shocks including down-shocks from the asymmetric models are shown to transfer to those other two markets most successfully. Therefore it is most important to maintain stable financial markets that a policy design for stock market stabilization such as mitigating stock market volatility.