• Korean Chemical Engineering Research
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• v.56 no.4
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• pp.496-523
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• 2018

The objective of this study is to evaluate the economic feasibility of two fast pyrolysis and biooil upgrading (FPBU) plants including feed drying, fast pyrolysis by fluidized-bed, biooil recovery, hydro-processing for biooil upgrading, electricity generation, and wastewater treatment. The two FPBU plants are Case 1 of an FPBU plant with steam methane reforming (SMR) for $H_2$ generation (FPBU-HG, 20% yield), and Case 2 of an FPBU with external $H_2$ supply (FPBUEH, 25% yield). The process flow diagrams (PFDs) for the two plants were constructed, and the mass and energy balances were calculated, using a commercial process simulator (ASPEN Plus). A four-level economic potential approach (4-level EP) was used for techno-economic analysis (TEA) under the assumption of sawdust 100 t//d containing 40% water, 30% equity, capital expenditure equal to the equity, $H_2$ price of $1050/ton, and hydrocarbon yield from dried sawdust equal to 20 and 25 % for Case 1 and 2, respectively. TCI (total capital investment), TPC (total production cost), ASR (annual sales revenue), and MFSP (minimum fuel selling price) of Case 1 were $22.2 million, $3.98 million/yr, $4.64 million/yr, and $1.56/l, respectively. Those of Case 2 were $16.1 million, $5.20 million/yr, $5.55 million/yr, and $1.18/l, respectively. Both ROI (return on investment) and PBP (payback period) of Case 1(FPBU-HG) and Case 2(FPBU-EH) were the almost same. If the plant capacity increases into 1,500 t/d for Case 1 and Case 2, ROI would be improved into 15%/yr.

• Progress in Superconductivity and Cryogenics
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• v.5 no.1
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• pp.103-106
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• 2003

The short circuit current problem is one of the operational problems that need to be solved by power system engineers in Korea. It is an important issue in the Seoul metropolitan area especially because of highly meshed configuration. Currently, it is regulated by changing 154 kV system configuration from loop connection to radial system, by splitting of the bus where load balance can be achieved, and by upgrading circuit breaker rating. A development project for 154 kV/2 KA SFCL application to 154 kV transmission system after 2010 is proceeding. In this paper, a feasibility study of superconducting fault current limiter (SFCL) is carried out in Seoul metropolitan area to find out the effects of its application and feasibility. This study shows that it can reduce fault current considerably, and as it can minimize the upgrading of circuit breaker rating, the economic potential of SFCL is evaluated positively.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 1999.10a
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• pp.249-256
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• 1999

This study is intended to propose a systematic procedure for the development of the reliability-based seismic safety and cost-effective Performance criteria for design and upgrading of long span PC bridges. In the paper, a set of cost function models for life cycle cost analysis of bridges is proposed. The total life cycle cost functions consist of initial cost and direct/indirect damage costs considering repair/replacement costs, human losses and property damage costs, road user costs, and indirect regional economic losses. The damage costs are successfully expressed in terms of Park-Ang median global damage indices and damage probabilities. The proposed approach is successfully applied to model bridges in both regions of a moderate seismicity area like Seoul, Korea and a high one like Tokyo, Japan. It may be expected that the proposed approach can be effectively utilized for the development of cost-effective performance criteria for design and upgrading of various types of bridges as well as long span PC bridges.

• Korea Trade Review
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• v.47 no.6
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• pp.1-19
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• 2022

China and Korea are good neighbors and partners. Since the establishment of diplomatic relations in 1992, the two countries have made promising achievements in political, economic, and humanistic exchanges for over three decades. In particular, bilateral economic and trade relations have yielded fruitful results, attracting worldwide attention. There are also unavoidable issues in the rapid development of bilateral trade and economic cooperation. And it is of great significance to look back on the past and look forward to the future on the 30th anniversary of the establishment of diplomatic ties between China and the Korea. With the upgrading of China's industrial structure and technological level, the bilateral trade relationship has gradually shifted from a complementary one to a competitive one. It is essential that both countries keep in mind the mutually beneficial nature of their relationship and make due contribution to the development of the Northeast Asian region and the world economy.

• Journal of Korea Port Economic Association
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• v.30 no.3
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• pp.15-37
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• 2014

Sustainability is a broad concept involving economic, social and environmental issues in operational and managerial processes. To assist ports to implant sustainability practices into their operations, this paper conceptualizes the structure of sustainability practice in port operations, based on interviews undertaken at Busan port in early 2013. Results revealed that, as a strategic practice to improve their internal business processes, sustainability practices necessitate the simultaneous pursuit of container traffic growth, low environmental impacts and corporate responsible image making, operational efficiency, efficiency of the use of the port area and sustainable growth. Through thematic analysis, the relevant practices were clustered into four sub-dimensions incorporating environmental technologies, continual monitoring and upgrading, internal process improvement, and cooperation and communication. Further, reporting the relevant issues such as barriers and challenges in carrying out sustainability practices, the findings provide useful insights for strategic agenda to assist ports to incorporate sustainability practices in their operations.

• Proceedings of the Korean Geotechical Society Conference
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• 1999.11c
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• pp.117-128
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• 1999

Geosynthetics have been studied especially Korean Railway earth works from the outset and have proved successful in both technical and economic terms. Hitherto Geosynthetics have been given consideration chiefly in dimensioning the requisite track subbase thickness, but have not been considered when calculating the thickness of the frost protection layer. this often made it impossible to reduce the thickness of the subbase. The article therefore puts forward a proposal for considering the German Geosynthetics in dimensioning the requisite thickness of the frost protection layer.

• Journal of Korea Trade
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• v.26 no.7
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• pp.77-92
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• 2022

Purpose - This paper is an empirical investigation of the mediation effect of innovation activity in industry transformation considering the relationship between the semiconductor industry and high-quality economic development. The research questions are whether the semiconductor industry drives high-quality economic development and if so, what is the semiconductor industry's role in high-quality development? We found that the semiconductor industry has clearly improved the quality of economic development, and its comparative advantage has significantly increased per capita national incomes. Furthermore, innovation activity proved to be an intermediary factor for the semiconductor industry to promote high-quality economic development. The world economy should aim to reasonably develop the international semiconductor industry and cultivate innovation markets. Design/methodology - Our empirical model considers the relationship between the semiconductor industry, innovation activity, and high-quality economic development. We constructed an analysis framework based on data from 199 World Bank economies between 1995 and 2019, and we used a mediation effect method to calculate the total effect of the semiconductor industry on promoting high-quality economic development, the indirect effect of the semiconductor industry on promoting innovation activity, and the mediation effect of these innovation activities on the promotion of high-quality economic development. Findings - The results show that the semiconductor industry has significantly promoted high-quality economic development. This is true even after the robustness test of grouping and alternative variables was applied. An analysis of the mechanism shows that promoting patents, scientific research, efficient government, and urban management innovation are important mechanisms for the semiconductor industry to release high-quality development dividends. Originality/value - Although it has been shown that specific industries like semiconductors can affect high-quality economic development through industrial upgrading, few researchers have attempted to empirically test the impact of the semiconductor industry on high-quality economic development. In this paper, we use a mediation effect model, alternative variables and a grouping test to find the internal mechanisms of the comparative advantage of the semiconductor industry in high-quality economic development from the perspective of innovation activity.

• The Journal of Industrial Distribution & Business
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• v.9 no.5
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• pp.7-15
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• 2018

Purpose - The development of Anhui high-tech industry is the key to transforming the mode of economic development and optimizing the industrial structure. Research design, data, and methodology - The data of paper that is the data of Anhui province and the six provinces of central China from 2010 to 2015, which analyzed the present situation of High-tech industry in Anhui Province by means of data comparison and literature analysis, and then explored several possible modes of undertaking. Results - With the analysis of the current situation of the development of high-tech industry in Anhui Province, several possible modes for undertaking the transfer of high-tech industries in Anhui Province were explored: The mode of undertaking of Leading Enterprises + Industrial park, the mode of undertaking of differentiated development + Regional comprehensive exploitation and the mode of undertaking "Dynamic industrial Chain" + industrial cluster. Conclusions - Based on the perspective of industrial upgrading, this paper analyzes the shortcomings of Anhui Province in the traditional mode of undertaking industrial transfer and expounds the inherent requirements of innovation industry undertaking. Finally, on the basis of the above analysis, the author explored three possible modes of acceptance.

• Journal of the Korean Society of Food Culture
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• v.20 no.2
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• pp.243-252
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• 2005

This study identified how family restaurant customers' attitude toward yield management strategies, which include reservation, time, menu, and service factors. Generally, yield management explains how price and dining duration maximize the revenue of family restaurants. There are three ways to improve family restaurant yield; improving table turns, upgrading seat occupancy, increasing price per customer. The 45 items of yield management strategies are developed by literature reviews, web sites analysis, and interviews with family restaurant employers. Factor analysis and reliability analysis from present study found out 11 important factors, which represent the study's dependent variables. Regression analysis may be helpful to test whether demographic and socio-economic factors have relationships with family restaurant customers' attitude toward yield management strategies. As a regression result, gender, family size, age in demographic factors and education and occupation in socio-economic factors have relationships with family restaurant customers' attitude toward yield management strategies significantly.

• Asian Journal of Business Environment
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• v.2 no.1
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• pp.19-23
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• 2012

The economic exchanges have become increasingly frequent between China and Korea and the average annual growth rate of the total trade volume has increased by 30% since the establishment of diplomatic relations between the two countries. With the rapid economic growth and industrial upgrading of China, there are changes in the investment of Korea in China and domestic demand of China, and the trade structure of Sino- Korea has changed a lot in recent years. The changes have mainly manifested in the following aspects, including the increased proportion of high-tech products, raw materials and the intra-industry trade, the decreased proportion of consumer goods, the inter-industry trade and the trade deficit of China. With the development of the situation of international economy, the scale of Korea and China trade will continue to expand and the structure of Korea and China trade will also keep on changing in the long run.