• Journal of Korea Port Economic Association
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• v.25 no.2
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• pp.115-128
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• 2009

This study aims to identify the influence of exchange rate and national economy on Export through container ports (Busan Port, Incheon Port, Gwangyang Port, and Pyeongtaek Port) from January 2001 to October 2007. This study carried a unit root test on the results of the analysis and failed to reject the null hypothesis that level variables have a unit root at the level of 1%. However, it carried out a unit root test on the variables by the first order difference and succeeded in rejecting the null hypothesis aforementioned at the level of 1%. As a result of the cointegration test, it was found that the model is stable. When this study carried out a variance decomposition on the prediction error of export at container various container ports, it found 89% for Busan Port, 83% for Incheon Port, 86% for Gwangyang Port, and 84% for Pyeongtaek Port. These figures indicate that such variables significantly account for export at container ports. For Busan Port, Step 2 of exchange rate showed negative (-) effect, and Step 3 shows an extreme transition into a positive (+) effect. The national economy showed an extreme change from Steps 2 to Step 7, and then a positive effect has been maintained. The Incheon Port, Gwangyang Port and Pyeongtaek Port showed similar trends to Busan Port. From Step 7, it seems that they have Shifted to more stable trends.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.5 no.1
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• pp.45-67
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• 2010

On July 21st in 2005, People's Bank of China (PBOC) turned the currency peg against the U.S. dollar into managed currency system based on a basket of unnamed currencies under China's exchanged rate regime. This change means that China's enterprises are not free from currency fluctuations. The purpose of this study is to analyze the relations between Renminbi fluctuations in the floating exchange rate and financial results of venture companies. The process and outcomes of this study are as follows, First, in order to measure the financial results of venture companies, I choose venture companies in Shandong Province listed on the Shanghai Stock Exchange (SSE) at random and several quarter financial sheets according to safety ratios, profitability ratios, growth ratios, activity ratios. Second, I arrange the daily Renminbi exchange rate data announced from July 21st, 2005 to December 31st, 2008 by PBOC into the quarterly data. Third, in order to confirm the relations between Renminbi fluctuations and financial results of venture companies, I carry out Pearson's correlation analysis. As a result, the revaluation of the Chinese Renminbi has weakly negative effects on debt ratio, total assets turnover ratio and equity turnover ratio in statistics. But the revaluation of the Chinese Renminbi is not related to other financial index in statistics. The result of this study is that the revaluation of the Chinese Renminbi has little influence on the export and import of Chinese venture companies and certifies the fact that Chinese venture companies have much foreign currency assets. In addition to avoid the currency exposure risk, this study shows the effective method about currency exposure risk which adjusts proportion of Renminbi to foreign currency.

• 한국벤처창업학회:학술대회논문집
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• 2010.08a
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• pp.139-160
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• 2010

On July 21st in 2005, People's Bank of China (PBOC) turned the currency peg against the U.S. dollar into managed currency system based on a basket of unnamed currencies under China's exchanged rate regime. This change means that China's enterprises are not free from currency fluctuations. The purpose of this study is to analyze the relations between Renminbi fluctuations in the floating exchange rate and financial results of venture companies. The process and outcomes of this study are as follows, First, in order to measure the financial results of venture companies, I choose venture companies in Shandong Province listed on the Shanghai Stock Exchange (SSE) at random and several quarter financial sheets according to safety ratios, profitability ratios, growth ratios, activity ratios. Second, I arrange the daily Renminbi exchange rate data announced from July 21st, 2005 to December 31st, 2008 by PBOC into the quarterly data. Third, in order to confirm the relations between Renminbi fluctuations and financial results of venture companies, I carry out Pearson's correlation analysis. As a result, the revaluation of the Chinese Renminbi has weakly negative effects on debt ratio, total assets turnover ratio and equity turnover ratio in statistics. But the revaluation of the Chinese Renminbi is not related to other financial index in statistics. The result of this study is that the revaluation of the Chinese Renminbi has little influence on the export and import of Chinese venture companies and certifies the fact that Chinese venture companies have much foreign currency assets. In addition to avoid the currency exposure risk, this study shows the effective method about currency exposure risk which adjusts proportion of Renminbi to foreign currency.

• Biotechnology and Bioprocess Engineering:BBE
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• v.1 no.1
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• pp.18-21
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• 1996

A continuous production of fructooligosaccharides from sucrose was investigated by fructosyltransferase immobilized on a high porous resin, Diaion HPA25. The optimum pH(5.5) and temperature(55$^{\circ}C$) of the enzyme for activity was unaltered by immobilization, and the immobilized enzyme became less sensitive to the pH change. The optimal operation conditions of the immobilized enzyme column for maximizing the productivity were as follows: 600g/L of sucrose feed concentration, flow rate of superficial space velocity 2.7h-1. When the enzyme column was run at 50$^{\circ}C$, about 8% loss of the initial activity of immobilized enzyme was observed after 30 days of continuous operation, during which high productivity of 1174g/L$.$h was achieved. The kinds of products obtained using the immobilized enzyme were almost the same as those using soluble enzymes or free cells.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2008.11a
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• pp.141-145
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• 2008

Because of world financial crisis, The Korea domestic construction industry has been damaged hugely on material supplying work. A current domestic material supply system can't react properly on a great rise of foreign exchange rate and raw material price, so the system has a problem which is not properly supplying material. To solve this problem, a more innovative material supply work system is seriously needed than ever. So this study wants to improve material supply system for supplying material right time, right place through applying a web-based system. Applying this, overall process of material-supply-work can be done on a web-based system for immediately understanding change of ordering and warehousing by material-supply-schedule to a domestic construction field.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.25 no.8
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• pp.427-431
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• 2013

Ground heat pump systems utilize the annually stable underground temperature to supply heat for space heating and cooling. The underground temperature affects not only the underground ecosystem, but also the performance of these systems. However, in spite of the widespread use of these systems, there have been few researches on the effect of the systems on underground temperature. In this research, case studies with numerical simulation have been conducted, in order to estimate the effect of ground heat pump systems on underground temperature. The simulation was coupled with the ground water-ground heat transfer model and the ground surface heat transfer model. In the result, it was found that the underground change depends on the heat transfer from the ground surface, the heat exchange rate, and the heat conductivity of soil.

• Journal of Hydrogen and New Energy
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• v.29 no.6
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• pp.620-626
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• 2018

Recently, fuel cell field is receiving much attention as an environmentally friendly energy in the world. Among the various types of fuel cells, in the case of PEMFC, ions move through the membrane in the middle of the unit cell. Therefore, proper moisture is required inside the PEMFC. In the case of membrane type humidifier, flat membrane or hollow fiber membrane is mainly used. Since various parameters can change the performance, the performance investigation has to be carried out with parameters. In this study, water transport of hollow fiber membrane was investigated in terms of principle operating conditions such as temperature and flow rate.

• Journal of the Korean Society of Marine Environment & Safety
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• v.29 no.6
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• pp.562-575
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• 2023

In an effort to improve water quality, the South Korean government has implemented measures to increase seawater circulation in Saemangeum Lake. We analyzed the effect of increasing the frequency of seawater circulation based on salinity levels and bottom water exchange in the lake, using an environmental fluid dynamics code model. When the sluice gate opening and shutting frequency increased from once to twice per day, the internal water level of Saemangeum Lake increased by up to ~0.7 m. The salinity increased by 2.12 psu near the western breakwater and decreased by 1.18 psu near the freshwater inlet. We analyzed the extent of bottom water exchange using a particle tracing method and observed that the residual rate of particles shallower than 5 m in water depth decreased by 2.52% in Case 2 (opening and shutting twice per day) compared to Case 1 (opening and shutting once per day). This indicates that increasing the frequency of sluice gate opening and shutting would promote enhanced bottom water exchange. Consequently, the increased salinity and bottom water exchange associated with increased seawater circulation are expected to improve water quality in Saemangeum Lake.

• Asian Journal of Atmospheric Environment
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• v.9 no.2
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• pp.158-164
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• 2015

The estimation of the concentration of hydroxyl radical (OH) in the atmosphere is essential to build atmospheric models and to understand the mechanisms of the reactions involved in OH. Although water vapor is one of the most abundant species in the troposphere, only a few studies have been performed for the reaction of OH and water vapor. Here I demonstrate an ab initio study on the complex forming reation of OH with $H_2O$ in the gas phase performed based on density functional theory to calculate the reaction rate and the energy states of the reactant and the OH-$H_2O$ complex. The structure of the complex, which belongs to the Cs point group, was optimized at global minima. The transition state was not found at the B3LYP and MP2 levels of theory. Rate constants of the forward and the reverse reactions were calculated as $1.1{\times}10^{-16}cm^3\;molecule^{-1}\;s^{-1}$ and $5.3{\times}10^9\;s^{-1}$, respectively. The extremely slow rates of complex forming reaction and the resulting hydrogen atom exchange reaction of OH and $H_2O$, which are consistent with experimentally determined values, imply a negligible possibility of a change in OH reactivity through the title reaction.

• The Journal of the Korea Contents Association
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• v.13 no.3
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• pp.352-361
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• 2013

The purpose of this study is to analyse the impact of macroeconomic and non-macroeconomic forces on the management performance of the air transport firms and offer the useful information to the managers. To conduct the regression analysis, eight macroeconomic and non-macroeconomic variables were selected individually as an independent variable. Macroeconomic variables were the return of corporate bond, West Texas Intermediate, the unemployment rate, the money supply, the trade balance, the won to USD exchange rate, the consumer price index and the index of industrial production. And non-macroeconomic variables were Taiwan earthquake, the Asian economic crisis, the 911 terrorist attacks in the US, the Iraq war, Beijing Olympic, the outbreak of a swine flu epidemic, the 1st presidential election and the 2nd presidential election. And ROA was selected as a dependent variable. As the result of analysis, it was found that the changing rates of won to USD exchange rate and consumer price index affected the changing rate of ROA significantly. And also as the result of analysing the impact of two significant macroeconomic variables and eight non-macroeconomic variables on the changing rate of ROA, it was found that the Asian economic crisis and the outbreak of a swine flu epidemic had a negative impact on it. Therefore managers should take note of a change in macroeconomic and non-macroeconomic variables carefully to improve the management performance.