• Journal of Korea Trade
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• v.23 no.7
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• pp.147-155
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• 2019

Purpose - As the U.S.-China trade war has become considerably worse, the Chinese government is considering applying non-tariff barriers to trade, especially local contents rule. The main purpose of this research is to check whether it is suitable for Korean investors to invest in the current Chinese capital market. Design/methodology - In order to check the stability of the recent Chinese capital market, we investigated the behavior of foreign equity investment (including Korean equity investment) in the Chinese capital market after China announced the Shanghai-Hong Kong Stock Connect (SH-HK Connect). In this paper, we researched whether international portfolio investment would or would not contribute to an increase the volatility of an emerging market's stock market (Chinese capital market) when foreign investors make investment decisions based on the objective of short-term gains by rushing into countries whose markets are booming and fleeing from countries whose markets are falling. Findings - The empirical results indicate that foreign investors show strong, negative feedback trading behavior with regard to the stock index of the Shanghai Stock Exchange (SSE), and when the performance of foreign investors in the Chinese stock market was fairly good. Also, we found evidence that the behavior of foreign investors significantly decreased volatility in SSE stock returns. Consequently, the SH-HK Connect brought on a win-win effect for both the Chinese capital market and foreign investors. Originality/value - It appeared that the Chinese capital market was very suitable for Korean investors after the China's declaration of the SH-HK Connect. However, the win-win effect was brought on by the Chinese government's aggressive capital control but the capital controls could possibly cause financial turmoil in the Chinese capital market. Therefore, Chinese reform in industrial structure and the financial sector should keep pace with suitable capital control policies.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.32 no.1
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• pp.11-23
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• 2022

Collaboration tools are used widely as non-face-to-face work increases due to social distancing after COVID-19. The tools are being developed in a cross-platform manner with 'Electron', an open source framework based on Chromium, to ensure accessibility on multiple devices. Electron Apps, applications built with Electron framework, store data in a manner similar to Chromium-based web browsers, so the data can be acquired in the same way as the data is acquired from a web browser. In this paper we analyze the data structure of web storage and suggest a method to get the message from Electron Apps focused on collaboration tools such as Jandi, Slack, and Microsoft Teams. For Jandi, we get the message from Cache by using previously developed tools, and in the case of Slack and Microsoft Teams, we get the message from IndexedDB by using the message carving tool we developed.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.425-432
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• 2009

The construction industry has been a main pillar and serves as a regulator of the Hong Kong economy. Subsequently, the fluctuations in the level of construction output can induce significant rippling effects to the economy. The Asian Financial Crisis started in 1997 and the SARS outbreak in 2003 both introduced major challenges and impacts to the Hong Kong economy and consequently the construction sector. Such decline in the importance of construction has suggested a possible structural change in the sector. It is worth investigating the driving forces behind the construction demand and see if they have changed after the heavy impacts in the past decade. The above considerations have, therefore, been the motivation of the present study to model the Hong Kong residential construction demand through multiple regression technique which can identify the significant influencing factors to the residential demand. The residential construction is studied as it constitutes a significant portion of the total construction volume. The residential sector has great influence to the general economy of Hong Kong. It is found that the underlying market structure and the driving factors for Hong Kong residential demand before and after the Asian Economic Crisis and SARS outbreak are different, suggesting that the residential construction sector or even the larger construction industry may have undergone a major structural change as Hong Kong's economy approaches maturity. It is also observed that the past literatures on construction demand are mostly focusing on predicting demand under a stable economic environment. Hence, it is worth examining if it is possible to model during economic hardship when the residential sector fluctuate dramatically under different external impacts, such as the recent global financial tsunami.

• The Journal of the Convergence on Culture Technology
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• v.10 no.6
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• pp.735-740
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• 2024

ESG has become essential considerations for sustainable management. Domestic corporations are preparing response systems for ESG evaluations. Currently, ESG is expressed in ratings, which limits the detailed analysis of its calculations. So, it is necessary to predict and analyze ESG scores. Governance varies with each country's industrial structure, so it is important to consider its specific characteristics. Therefore, we propose a machine learning-based linear regression model to predict ESG-Governance scores for domestic companies. We collect ESG-Governance scores, financial and non-financial variables related to ESG, and preprocess the data. We apply preprocessed data to our machine learning-based linear regression model and validate model performance with 10-fold cross-validation. Our model showed 79.27% accuracy on test sets. We expect that predicting ESG-Governance score based on our model will enhance the ESG evaluation response system for domestic corporate.

• Journal of Navigation and Port Research
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• v.40 no.6
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• pp.451-458
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• 2016

Since Modigliani and Miller developed their theory of capital structure in 1958, it has become one of the most debated issues in corporate management. This is because the capital structure decision necessarily affects financial risk and the firm's value. Throughout the research, one of the most concerning problems is determining what factors influence the firm's capital structure. Since Korean shipping firms have been suffering from a long term economic recession, an optimal capital structure has become increasingly critical to survive in the shipping industry. This paper studies panel data on 46 Korean shipping companies since 2000 to find the factors that affect capital structure. The results suggest that a negative relationship arises between firm size, tangible assets, profitability and non-debt tax shields against leverage. Otherwise, it proved that growth opportunity has a positive relationship with the firm's leverage. In the research model during a booming shipping economy, growth opportunity and non-debt tax shield are not associated with firm's capital structure.

• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2011.04a
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• pp.153-158
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• 2011

According to the change of life environment and economic growth, the more city has highly developed, the more concentrated urban function. That is, city is required for adding infra structure. But, both of limited land resources and financial problems made it impossible to add infra structure. So, the necessity of multi-dimensional planning of urban infra structure was recognized. Especially, In Urban residential area, in order to secure parking area, It is on the increase that mixed-use of the playground of school in the high density area and the empty space of park. School and park is closely connected with town community, playing a central role on town life. For this reason, they are highly demanded for providing space in the urban residential area and also expected to be effective. However, people using park and school are almost young students and the elderly, it needs to consider not only the parking convenience also the safety of users in design process. In this study, we analysed the physical characteristics and the utilization of mixed-use of school and park. and then evaluated the case in the point of convenience and safety. For this, first we selected the case among the sites constructed in seoul, and divided 2type of 'slope type' and 'flatland type'. The meaning of this study is to suggest elementary standards for design in the point of multi-dimensional land use planning.

• Korean Journal of Social Welfare
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• v.68 no.2
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• pp.27-51
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• 2016

This paper is about the NOOMP(Not Out of My Pocket) phenomenon, the inconsistent welfare attitude for an expansion of welfare system and increase of financial resources. By analyzing the scale and influential factors of the NOOMP to the main welfare programs, focusing on the class, gender, and age group, the paper tries to investigate the relationship between the NOOMP and the inherent stratification structure of each programs. This paper uses the Additional Survey of Welfare Attitude in 2013 Korea Welfare Panel Survey. As a result of analysis, low level of NOOMP phenomenon has been observed in welfare programs for whole society members such as health policies, pension, employment policies, compared to those of targeted programs for the poor, aged, or disabled. In addition, high probability of each group of 'low incomer', 'female', and '20s or less'to the NOOMP phenomenon has been appeared, therefore, high relevance of the NOOMP and the stratification structure of welfare programs have been confirmed. These results indicate that the transition to the universal welfare programs and the improvement of welfare programs for more equal structure are needed to reduce the NOOMP phenomenon.

• Korean Journal of Construction Engineering and Management
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• v.5 no.2 s.18
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• pp.115-122
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• 2004

This study identifies various risk factors associated with activities of early construction stage, then establishes the Risk Breakdown Structure(RBS) by classifying the risks into the three groups; Common risks, risks for Earth works, and risks for Foundation works. The Common risks are identified and classified by considering various aspects of the early construction stage such as financial, political, constructional aspects, etc. The risks for Earth works and Foundation works are identified in detail by surveying technical specifications, relevant claim cases and interviewing with experts. These risks are classified based on the Wok Breakdown Structure(WBS) of the early construction stage. The WBS presented in this study classifies the works of early construction stage into four categories; excavation, sheeting works, foundation works, footing works. This study suggests a risk analysis method using fuzzy theory for construction projects. Construction risks are generally evaluated as vague linguistic value by subjective decision making. Fuzzy theory is a proper method to quantify vague conditions of construction activities. Therefore, this study utilizes fuzzy theory to analyse construction risks. The weight of risks is estimated by reflecting the interrelationship among risk factors from absolute weights obtained by fuzzy measure into the relative weights by Analytical Hierarchy Process(AHP). The interrelationship is estimated by Sugeno-fuzzy measure.

• KDI Journal of Economic Policy
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• v.36 no.2
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• pp.65-101
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• 2014

This paper estimates and characterizes expected inflations using an affine term structure model based on the empirical stochastic process of the interest rates in Korea. The empirical results show that the expected inflation which marked above 4% before the global financial crisis has dampened and stabilized after the crisis. Moreover, we investigate the rationality of the various expected inflation measures in terms of the unbiasedness and efficiency and find that unbiasedness is not rejected across the all measures, while the efficiency cannot be empirically warranted. Besides, we run Granger causality tests and conclude that the expected inflations compiled from the Consensus, BOK-Expert have the cross-causality with the long-run actual inflation, while the expected inflation estimated from the term structure model has the cross-causality with the short-run actual inflation. These results connote that expected inflations collected from different sources and methods have their targets and horizons and the central bank needs to watch all of them with a balanced view instead of preferring one to the other.

• International Area Studies Review
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• v.15 no.2
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• pp.3-23
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• 2011

Existing studies have argued that, compared to the 1990s, the Japanese foreign direct investment (FDI) in the 2000s became multi-faceted in terms of investment motivation, ownership structure and entry mode, and diversification strategy. We have conducted a cross-sectional analysis and compared our results with the recent findings. We have found that the Japanese FDI in the mid 2000s became globally focused and regionally diversified. Ownership strategy and entry mode of the Japanese FDI in the Asian countries shows a remarkable shift from joint venture to wholly-owned subsidiary. In contrast, the preference of greenfield investments was observed consistently across regions. It seems that, after the Asian financial crisis, the Japanese firms began to re-optimize global FDI strategy and to regionally differentiate investments.