• Title/Summary/Keyword: Economy Analysis

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A Study on the Method of Manufacturing Lactic Acid from Ginkgo Biloba Leaf Extraction Byproducts (은행잎 추출부산물로부터의 Lactic acid 제조법에 관한 연구)

  • Euisuk Ko;Hakrae Lee;Woncheol Shim;Soohyeon Lee;Sunjin Kim;Jaineung Kim
    • KOREAN JOURNAL OF PACKAGING SCIENCE & TECHNOLOGY
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    • v.29 no.2
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    • pp.95-102
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    • 2023
  • Despite the easing of social distancing, demand for non-face-to-face services continues to rise. Recently, the EU is pursuing a comprehensive plastic use reduction by expanding the scope of plastic use regulations for packaging plastics according to the New Cyclical Economy Action Plan(NCEAP). In response to this trend, the packaging industry is moving away from conventional non-degradable/petroleum-based plastics and conducting research on packaging materials using biodegradable plastics such as PLA(Poly Lactic Acid), PBAT(Poly Butylene Adipate-co-butylene Terephthalate). On the other hand, ginkgo leaves occur in large quantities in Korea and act as a cause of slip accidents and flooding. In this study, a method to utilize ginkgo biloba leaf as a new alternative biomass resource was proposed by producing lactic acid through pretreatment, enzymatic saccharification, and fermentation processes. For the efficiency of lactic acid production, a comparative analysis of lignin content from before and after browning was performed. In addition, the degree of glucan extraction was evaluated by applying a pretreatment method using three catalysts: hot water, sulfuric acid, and sodium hydroxide. It is difficult to expect high production of lactic acid with single process. Therefore, an integrated process operation using both the pretreated hydrolyzate and the residual solid enzymatic saccharification solution must necessarily be applied.

Political Economic Analysis of the Central Bank Digital Currency (중앙은행 디지털 화폐에 대한 정치경제학적 분석)

  • YoungBin Hahn
    • Analyses & Alternatives
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    • v.7 no.2
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    • pp.147-178
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    • 2023
  • While most of countries today are opposing the issuance of private-led cryptocurrency, nevertheless they are actively jumping into the issuance of government-led digital currency such as CBDC. This article aims to find an answer to this dual attitude of countries. To achieve the purpose, this article finds out the characteristics of political power and economic interest that digital currency has and applies it to the international dimension of the Bretton Woods II System. Then come up to the conclusion that the answer can be found in the fact that the current dual attitude of countries is closely related to the crisis of the international monetary order. The Bretton Woods II System, which led the world economy through reckless monetary expansion based on credit currency, exposed its limitations through the 2008 global financial crisis and put countries into difficulties. In this situation, the cryptocurrency, which appeared by raising the issue of the monopoly power of the central authority in issuing currency, had no choice but to act as an opportunity to drive countries further and further into a corner. This article views CBDC as a national response to address these issues. In other words, countries maintain their monetary power by absorbing the challenge of private digital currency at the government level through CBDC, and use this as a stepping stone to reorganize the international monetary order in crisis with the intention to use it as a means to their advantage. That is what this article is trying to argue.

Forecasting Korean CPI Inflation (우리나라 소비자물가상승률 예측)

  • Kang, Kyu Ho;Kim, Jungsung;Shin, Serim
    • Economic Analysis
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    • v.27 no.4
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    • pp.1-42
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    • 2021
  • The outlook for Korea's consumer price inflation rate has a profound impact not only on the Bank of Korea's operation of the inflation target system but also on the overall economy, including the bond market and private consumption and investment. This study presents the prediction results of consumer price inflation in Korea for the next three years. To this end, first, model selection is performed based on the out-of-sample predictive power of autoregressive distributed lag (ADL) models, AR models, small-scale vector autoregressive (VAR) models, and large-scale VAR models. Since there are many potential predictors of inflation, a Bayesian variable selection technique was introduced for 12 macro variables, and a precise tuning process was performed to improve predictive power. In the case of the VAR model, the Minnesota prior distribution was applied to solve the dimensional curse problem. Looking at the results of long-term and short-term out-of-sample predictions for the last five years, the ADL model was generally superior to other competing models in both point and distribution prediction. As a result of forecasting through the combination of predictions from the above models, the inflation rate is expected to maintain the current level of around 2% until the second half of 2022, and is expected to drop to around 1% from the first half of 2023.

Towards Carbon-Neutralization: Deep Learning-Based Server Management Method for Efficient Energy Operation in Data Centers (탄소중립을 향하여: 데이터 센터에서의 효율적인 에너지 운영을 위한 딥러닝 기반 서버 관리 방안)

  • Sang-Gyun Ma;Jaehyun Park;Yeong-Seok Seo
    • KIPS Transactions on Software and Data Engineering
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    • v.12 no.4
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    • pp.149-158
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    • 2023
  • As data utilization is becoming more important recently, the importance of data centers is also increasing. However, the data center is a problem in terms of environment and economy because it is a massive power-consuming facility that runs 24 hours a day. Recently, studies using deep learning techniques to reduce power used in data centers or servers or predict traffic have been conducted from various perspectives. However, the amount of traffic data processed by the server is anomalous, which makes it difficult to manage the server. In addition, many studies on dynamic server management techniques are still required. Therefore, in this paper, we propose a dynamic server management technique based on Long-Term Short Memory (LSTM), which is robust to time series data prediction. The proposed model allows servers to be managed more reliably and efficiently in the field environment than before, and reduces power used by servers more effectively. For verification of the proposed model, we collect transmission and reception traffic data from six of Wikipedia's data centers, and then analyze and experiment with statistical-based analysis on the relationship of each traffic data. Experimental results show that the proposed model is helpful for reliably and efficiently running servers.

A Study on the Optimal Operating Conditions for an Unreacted Hydrogen Oxidation-Heat Recovery System for the Safety of the Hydrogen Utilization Process (수소 활용공정 안전성 확보를 위한 미반응 수소 산화-열 회수 시스템의 운전 조건 최적화 연구)

  • Younghee Jang;Sung Su Kim
    • Applied Chemistry for Engineering
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    • v.34 no.3
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    • pp.307-312
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    • 2023
  • In this study, a catalytic oxidation-heat recovery system was designed that can remove unreacted with a concentration of about 1% to 6% in the exhaust gas of hydrogen fuel cells and recover heat to ensure safety in the hydrogen economy. The safety system was devised by filling hydrogen oxidation catalysts at room temperature that can remove unreacted hydrogen without any energy source, and an exhaust-heat recovery device was integrated to efficiently recover the heat released from the oxidation reaction. Through CFD analysis, variations in pressure and fluid within the system were shown depending on the filling conditions of the hydrogen oxidation system. In addition, it was found that waste heat could be recovered by optimizing the temperature of the exhaust gas, flow rate, and pressure conditions within the heat recovery system and securing hot water above 40 ℃ by utilizing the exhaust gas oxidation heat source above 300 ℃. Through this study, it was possible to confirm the potential of utilizing hydrogen processes, which are applied in small to medium-sized systems such as hydrogen fuel cells, as a safety system by evaluating them at a pilot scale. Additionally, it could be a safety guideline for responding to unexpected hydrogen safety accidents through further pilot-scale studies.

Social Impact Assessment of Introduction of Best Available Technology in Marine Industrial Facilities (해양산업시설 적용 가능한 최적기술 도입의 사회영향평가)

  • Wonsoo Kang;Moonjin Lee;Hoon Choi;Kyewon Kim;Youngkyu Park
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.29 no.2
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    • pp.106-117
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    • 2023
  • The social impact of hazardous and noxious substances from marine industrial facilities was evaluated, and implications for the application of social impact assessment items and methods required in the process of setting technology-based effluent limitations were derived. The scope of the study was based on marine industrial facilities in Incheon Metropolitan City. The analysis results are as follows. First, the impact on companies and industries was evaluated as "great," but large companies had little impact on operating profit losses, bankruptcy possibilities, and employment losses, while small and medium-sized companies had a large impact. Second, the impact on the community and economy was evaluated as "less," but it is judged that careful policy intervention is needed because the impact of fishing producers, local tourism workers, and the region can be concentrated and large. Third, it is judged that items and methods for calculating social loss costs and social benefits can be usefully applied in the method of setting technology-based effluent limitations.

Impact of U.S. Trade Pressure on Korean Domestic Automobile Industry: Centering on Trade Protectionism Expansion (미국의 통상압력에 따른 국내 자동차산업 파급효과: 보호무역주의 확대를 중심으로)

  • Choi, Nam-Suk
    • Korea Trade Review
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    • v.43 no.5
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    • pp.25-45
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    • 2018
  • This paper estimates the export losses of the Korean domestic automobile industry due to US trade pressure and its economic ripple effects. Using the HS 6 digit tariff and export data from 2010 to 2017, this paper estimates the tariff elasticity of Korea's US automobile exports against a US tariff increase by applying the Poisson Pseudo maximum likelihood estimation method. After estimating Korea's export losses to the US in three trade pressure scenarios, we estimate its impact on Korean domestic production, value-added and job creation by applying the tariff impact accumulation model based on the industry input-output analysis. Empirical results show that the impact of 25% global tariff by the US on the Korean domestic economy is estimated to result in $30.8 billion in export losses for the five years from 2019 to 2023, about 300 thousand job losses, 88.0 trillion in production inducement losses, and 24.0 trillion in value-added inducement losses. The impacts of withdrawal of the automobile tariff concession are estimated at $4.27 billion export losses and 41.7 thousand job losses. A 15% tariff rate on automobile parts for 3 years is estimated to result in $1.93 billion export losses and 18.7 thousand job losses.

Future of Social Work Practice - Human, human again. - (사회복지실천의 미래 - 사람과 사람 -)

  • Kim, Miok;Choi, Hyeji;Chung, Ick-Joong;Min, So-young
    • Korean Journal of Social Welfare
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    • v.69 no.4
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    • pp.41-65
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    • 2017
  • This study aimed to examine the social transition, which is often metaphorized as the Fourth Industrial Revolution, within the context of social work practice and to explore measures to improve social work practice in such transition. Four social welfare researchers held seven discussions to predict the social changes in the near future centered on the Fourth Industrial Revolution and find the corresponding development strategies in social work practice; collective autobiography method was used to analyze the discussion. The analysis ascertained hyper connectivity, the advent and expansion of new communities, diversification and individualization, and the emergence of new criteria for the assessment of one's quality of life as the distinctive qualities of the near future. It was analyzed that humans and organic materials will be interconnected through spatial and temporal transcendence and that humans liberated from labor will seek for diverse communities while the number of atomized individual will increase simultaneously. Furthermore, the rise of new order of life accompanied by both the expansion of diversification and individualization and the ecological worldview brought forth by post materialistic trend was predicted. Meanwhile, the disengagement from macroscopic context, a biased inclination towards technique orientated professionalism, and individualistic social work practices without integrity were identified as the limitations of the current social work practice. This study presented three goals for social work practice to help it overcome its current shortcomings and correspond to the social changes: first, the rearrangement of practice knowledge, technique, and value so that it is based on humans and society, which are the essence of social practice work; second, the practice, such as sharing economy, that expands the individuals' boundaries of life to the community; three, the restoration of the desirability of professional social works by examining its special nature.

Busan Tourism Industry applying OECD Tourism Policy and ICT Convergence Platform (OECD 관광정책과 ICT 융합 플랫폼을 적용한 부산관광산업)

  • Lim, Yong-Suk;Jung, Ho-Jin;Lee, Jung-Won
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.7 no.12
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    • pp.871-879
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    • 2017
  • The purpose of this study is to propose a Busan tourism industry in which the 2016 OECD Tourism policy and ICT convergence platform are applied. OECD proposed 3 policies to promote the tourism industry: First, to maintain the competitiveness of the tourism industry as well as improve its efficiency and sustainability, second, to establish a seamless traffic system, and third, to build a response to the sharing economy. Centering on the OECD's three policies, we propose the developmental possibilities of tourism in Busan. At the same time, we suggest the necessity to build an ICT convergence platform that will help foster the industry. In building an ICT convergence platform, we especially focus on the necessity of: 1. Sharing and creating experience-based interactive contents on the software side, and 2. Developing high quality user experience (UX) and providing a data analysis-based customized service on the hardware side. In addition, we insist on the establishment of the Tourism Promotion Agency for the continuous performance and management of Busan tourism industry. The study ultimately suggests that the construction of ICT convergence platform based on OECD tourism policy can result in the expected outcomes of high effects with low cost for both consumers and suppliers related to the tourism industry.

A Study on the Analysis and the Direction of Improvement of the Korean Military C4I System for the Application of the 4th Industrial Revolution Technology (4차 산업혁명 기술 적용을 위한 한국군 C4I 체계 분석 및 성능개선 방향에 관한 연구)

  • Sangjun Park;Jee-won Kim;Jungho Kang
    • Convergence Security Journal
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    • v.22 no.2
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    • pp.131-141
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    • 2022
  • Future battlefield domains are expanding to ground, sea, air, space, and cyber, so future military operations are expected to be carried out simultaneously and complexly in various battlefield domains. In addition, the application of convergence technologies that create innovations in all fields of economy, society, and defense, such as artificial intelligence, IoT, and big data, is being promoted. However, since the current Korean military C4I system manages warfighting function DBs in one DB server, the efficiency of combat performance is reduced utilization and distribution speed of data and operation response time. To solve this problem, research is needed on how to apply the 4th industrial revolution technologies such as AI, IoT, 5G, big data, and cloud to the Korean military C4I system, but research on this is insufficient. Therefore, this paper analyzes the problems of the current Korean military C4I system and proposes to apply the 4th industrial revolution technology in terms of operational mission, network and data link, computing environment, cyber operation, interoperability and interlocking capabilities.