• Journal of the Korea Safety Management & Science
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• v.3 no.4
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• pp.113-122
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• 2001

This study is to examine the effect of layoff on shareholders' wealth. Firms make layoff decisions by reason of cost cutting, lower performance, demand decline, restructuring. Therefore, I think that stock market responds to layoff positively, since the firm's labor productivity and profitability is improved after execution of layoff, I find that layoff variables effect on abnormal return positively in regression analysis. This means that layoff sends positive signal to the stock market for the firm's future performance. Therefore, layoff has a good effect on shareholders' wealth.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.695-704
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• 2020

Bitcoin and other prominent cryptocurrencies have gained much attention since the last several years. Globally known as digital coin and virtual currency, this cryptocurrency is gained and traded within the blockchain system. The blockchain technology adopted in using the cryptocurrency has raised the eyebrows within the banking sector, government, stakeholders and individual investors. The rise of the cryptocurrency within this decade since the inception of Bitcoin in 2009 has taken the market by storm. Cryptocurrency is anticipated as the future currency that might replace the current paper currency worldwide. Even though the interest has caught the attention of users, many are not aware of its opportunities, drawbacks and challenges for the future. Researches on cryptocurrencies are still lacking and still at its infancy stage. In providing substantial guide and view to the academic field and users, this paper will discuss the opportunities in the cryptocurrency such as the security of its technology, low transaction cost and high investment return. The originality of this paper is on the discussion within law and regulation, high energy consumption, possibility of crash and bubble, and attacks on network. The future undertakings of cryptocurrency and its application will be systematically reviewed in this paper.

• KCID journal
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• v.14 no.2
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• pp.236-244
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• 2007

Agricultural water demand in North Korea must be considered for the near-future investment in agricultural consolidation projects and to prepare for the future unification. Thus, the objective of this study is to estimate the agricultural water demand of paddy fieldss in North Korea. GIS data including land cover classification map, Thiessen network and administration maps of North Korea, and meteorological data were synthesized. In order to estimate paddy water demand for a 10-year return period, the FAO Blaney-Criddle method and the fixed effective rainfall ratio method were used. The results showed that 4.77 billion $\beta$(c)/year paddy water demand is required for the 512,400 ha of paddy fieldss. Paddy water demand in the three major regions - Hwanghaedo, Pyeongando, Hamgyeongnamdo - was estimated chargong 81.7 percent of total paddy water demand in North Korea.

• ETRI Journal
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• v.35 no.4
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• pp.578-586
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• 2013

Using a sub-terahertz (sub-THz) wave generated using a photonics-based technology, a high-speed wireless link operating at up to 10 Gbps is designed and demonstrated for realization of seamless connectivity between wireless and wired networks. The sub-THz region is focused upon because of the possibility to obtain sufficient bandwidth without interference with the allocated RF bands. To verify the high-speed wireless link, such dynamic characteristics as the eye diagrams and bit error rate (BER) are measured at up to 10 Gbps for non-return-to-zero pseudorandom binary sequence $2^{31}-1$ data. From the measurement results, a receiver sensitivity of -23.5 dBm at $BER=10^{-12}$ is observed without any error corrections when the link distance between the transmitter and receiver is 3 m. Consequently, we hope that our design and experiment results will be helpful in implementing a high-speed wireless link using a sub-THz wave.

• Journal of Digital Convergence
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• v.13 no.11
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• pp.45-55
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• 2015

This study used for KOSPI, KOSDAQ, entertainment culture and digital contents index that is related to cultural contents industry. There was investigated the each stock price index and return trends for a total 597 weeks to July 2015 from March 2004. They looked the content-related stocks about investment worth to comparative analysis the return, volatility, correlation, synchronization phenomena etc. of each stock index. When we saw the growth potential of the cultural contents industry forward, looked forward to the investment possibility of related stocks. Analysis Result cultural content related stocks showed a higher rate after the last 2008 global financial crisis. Recent as high interest in the cultural contents industry, we could see that the investment merit increases slowly. In the future, the cultural content industry is expected to continue to evolve. The increase of investments value in the cultural content related businesses is much expectation.

• Journal of Korea Society of Industrial Information Systems
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• v.21 no.5
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• pp.73-83
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• 2016

NAVER provides search frequency data of search terms via its DataLab service (http://datalab.naver.com/). Using this data, this paper examines the relation between the search frequency of firm's name and its future stock returns. Our results show that the search frequency of firm's name is a new investor attention measure, which is different from previously explored attention measures such as extreme returns, turnover, etc. Firms that go through higher search frequency this week tend to have higher returns in the next week. We do not find return reversal in the long run for the firms with higher search frequency. Furthermore, the extent to which search frequency affects stock returns becomes more pronounced following market-wide attention grabbing events. Our results indicate that search frequency incorporates information for future stock returns.

• Journal of Environmental Impact Assessment
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• v.26 no.6
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• pp.445-456
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• 2017

For impact assessment of inundation in coastal area due to sea level rise (SLR), model for estimating future peak water level was constructed using observed mean sea level (MSL), storm surge level (SSL) data and calculated tide level (TL) data. Based on time series analysis and quadratic polynomial model for SLR and Monte-Carlo simulation for IC, SSL and TL, 100-year return peak water level is expected to be 2.3, 2.6, 2.8m, respectively (each corresponding to year 2050, 2080, 2100). Further analysis on future potential inundation area showed U-dong, Yongho-dong, Songjeong-dong, Jaesong-dong to be at high risk.

• Journal of Korean Library and Information Science Society
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• v.52 no.1
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• pp.27-54
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• 2021

This study examines the overall contents of robots, drones, and autonomous driving that can be applied to libraries among autonomous objects, and proposes a plan that can be introduced and applied to libraries in the future based on this. As a result of the study, in the case of the building, robots and drones can be used to apply from collection inspection, collection transport, collection arrangement, collection classification, book location guidance, book recommendation, loan/return, library general guidance, and reference information service. Outside of the building, robots, drones, and autonomous vehicles can be used for book delivery service, book return service, and unmanned mobile libraries. This study is a basic research for the introduction and application of autonomous objects in the library, and follow-up studies such as perception survey and application model development for systematic introduction should be conducted in the future.

• Journal of Korean Society of Forest Science
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• v.104 no.2
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• pp.248-253
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• 2015

This study applied the portfolio approach as a means to provide decision-making information for the establishment of the optimal production plan for non-timber products. The target items of non-timber forest product were Chestnut, Jujube, Walnut and Astringent Persimmon. The data used in this study were the annual report of forestry production cost survey which contains the annual production, annual gross income, and annual product cost from 2008 to 2013. These data were used to calculate the expected return of non-timber forest product. The objective function in the portfolio models was to minimize the expected return volatility, called risk and the constrain was to achieve the minimum expected return rate. Results indicated that the production ratio of the nuts and fruits in 2013 was 7% for Chestnut, 20% for Jujube, 5% for Walnut and 68% for Astringent Persimmon. Furthermore, portfolio presented that the production ratio was 10% for Chestnut, 9% for Jujube, 3% for Walnut and 78% for Astringent Persimmon in the near future. The cause was analyzed due to maintain stable production and income of Astringent Persimmon and Chestnut. Meanwhile, the revenue of Walnuts and Jujube was in great variation with relatively higher revenues.

• Korean Journal of Agricultural Science
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• v.29 no.1
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• pp.66-83
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• 2002

The economic feasibility analysis including benefit-cost ratio and internal rate of return of a land consolidation and on-farm development project was mainly depended upon the direct benefits and costs arising during project life. Therefore the projects were neglected in allocating the government's financial funds and loans on account of the low economic rate of return of the project. Accordingly the extended benefit-cost analysis method should be introduced and adapted to cover not only the benefit s such as non-market values of environmental and food security fun ct ions of the project but also market values of the project outputs. The main purposes of this study are (1) to prepare a guide line for economic feasibility analysis based on the IBRD and ADB guidelines, (2) to estimate the benefits from productivity increase, labor saving, savings of O&M cost of farm mechanization and project facilities, savings of farmer's burden for their public health, increasing environmental and public functional value of paddy fields, improving food security condition and formation of peaceful and uncontroversial rural society by implementing the land consolidation and on-farm development, (3) to introduce the newly adapted analytical method as the extended benefit cost analysis which could make possible to be included the values of non-market goods such as the food security and the environmental public function of paddy fields. To carry out this study, the existing publications on the guidelines for economic agricultural projects were reviewed and consultation was made with a For the post evaluation study of the land consolidation and on-farm development project, field survey in Jigok and other comparative area were made to get available information. According to the project completion report, Jigok land consolidation and on-farm development project has 55ha of benefit area out of 69ha of gross area. The project was started in November 11th, 2000 and completed october 30th, 2001. The total project costs were amounted to 2,548 million won and the annual project benefits were estimated at 335million won evaluated by domestic market prices. The ERR(Economic Rate of Return) and SRR(Social Rate of Return) of the project based on the shadow pricing system were estimated at 4.4% and 16% respectively. On the other hand, the ERR and SRR based on the domestic market value system were amounted to 6.37% and 14.62%. In conclusion, Korean land consolidation and on-farm development projects have not carried out from the view point of economic rate of return under shadow pricing system but from the view point of domestic pricing system. For the future feasibility studies on land consolidation projects have to be carried out including the non-market values as environmental and food security function of the projects.