• Asia-Pacific Journal of Business
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• v.14 no.1
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• pp.113-129
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• 2023

Purpose - The purpose of this study is to examine whether trading volume amplifies the extent to which lottery-type stocks are overpriced, and whether economic sentiment index explains time-variation in the magnitude of the volume amplification effect. Design/methodology/approach - We examine monthly returns on 5x5 monthly bivariate portfolios formed by lottery characteristics (measured by maximum daily return) and trading volume. In addition, we perform time-series regression tests to examine how the volume amplification effect changes in high and low economic sentiment periods, after controlling for Fama-French three factors. Findings - Our bivariate portfolio analysis shows that the overpricing of lottery-type stocks are mostly pronounced among high trading volume stocks. In contrast, for low trading volume stocks, overpricing of lottery-type stocks appears to vanish. Furthermore, the amplification effect of trading volume on overpricing of lottery-type stock is concentrated in high economic sentiment periods. Research implications or Originality - This study is the first attempt to examine whether trading volume drives lottery-type stocks' overpricing in the Korean stock market. Furthermore, our analysis unveils the time-varying nature of volume amplification effect. The results suggest that trading volume might play a important hidden role in asset pricing, opening a new line of researches in the future.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.23 no.9
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• pp.587-594
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• 2011

This paper describes the investigation on current state of cold storage facilities, and analysis on the demand prediction in the near future. And based on the analysis results, we prospect the scale of cold storage facilities in the near future. The main analysis results are summarized by the followings ; The present circumstances of cold storage facility are determined by investigating actual loading capacity, average stock amounts, and return number of cold storage facility. From the results, the present situation for cold storage facility is about 3% over. It is found that the average stock amounts increase gradually, and accordingly that the demand of cold storage facility is predicted to be increased, resulting that the capacity of cold storage facilities in 2013 expects to reach up to 5,250,000 ton. It is considered that the results of demand prediction has significant implications on the management of cold storage facility in the near future.

• Journal of Korea Water Resources Association
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• v.52 no.9
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• pp.647-655
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• 2019

Although problems such as river management and flood control have occurred continuously in the Imjin and Bukhan river basin, which are shared by South and North Korea, efforts to manage the basin have not been carried out consistently due to limited cooperation. As the magnitude and frequency of hydrologic phenomena are changing due to global climate change, it is necessary to prepare countermeasures for the rainfall variation in the shared river basin area. Therefore, this study was aimed to project future changes in extreme precipitation in South-North Korea shared river basin by applying 13 Global Climate Models (GCM). Results showed that the probability rainfall compared to the reference period (1981-2005) of the shared river basin increased in the future periods of 2011-2040, 2041-2070 and 2071-2100 under the Representative Concentration Pathways (RCP)4.5 and RCP8.5 scenarios. In addition, the rainfall frequency over the 20-year return period was increased in all periods except for the future periods of 2041-2070 and 2071-2100 under the RCP4.5 scenario. The extreme precipitation in the shared river basin has increased both in magnitude and frequency, and it is expected that the region will have a significant impact from climate change.

• Journal of Korea Entertainment Industry Association
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• v.14 no.3
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• pp.139-148
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• 2020

Through this study, the policy proposals were intended to be presented to the head of the farming policy. Therefore, the meaning of this study is as follows. First, rather than judging the returning farmer on his own, he should provide sufficient information to consult with his family and increase access to agriculture. Second, by opening up SNS and YouTube to returning farmers, they should instill confidence in rural areas by providing them with information about the joy of rural life and the success of farming so that they can easily access information about rural life through villages, youth associations and women's associations. Efforts should be made to create vibrant rural areas by providing infrastructure around farmland, providing various amenities for settling young people and forming a family farmers' association. Third, the head of the return farming policy should come up with customized support policies for the return farming (e.g., one-year farm support, free farm support, institutional sales guarantee, tourism in advanced countries, modernization of farmland facilities). Public relations strategies should also be strengthened so that such policies can lead to agriculture. Finally, the government should provide subsidized economic activities (e.g. Airbnb, donation of expertise and work-related personnel before returning home, rural experience, etc.).

• Journal of Korea Water Resources Association
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• v.55 no.3
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• pp.177-189
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• 2022

The purpose of this study is to apply the d4PDF (Data for Policy Decision Making for Future Change) constructed from a large-scale ensemble climate simulation to estimate the probable rainfall with low frequency and high intensity. In addition, this study analyzes the uncertainty caused by the application of the frequency analysis by comparing the probable rainfall estimated using the d4PDF with that estimated using the observed data and frequency analysis at Geunsam, Imsil, Jeonju, and Jangsu stations. The d4PDF data consists of a total of 50 ensembles, and one ensemble provides climate and weather data for 60 years such as rainfall and temperature. Thus, it was possible to collect 3,000 annual maximum daily rainfall for each station. By using these characteristics, this study does not apply the frequency analysis for estimating the probability rainfall, and we estimated the probability rainfall with a return period of 10 to 1000 years by distributing 3,000 rainfall by the magnitude based on a non-parametric approach. Then, the estimated probability rainfall using d4PDF was compared with those estimated using the Gumbel or GEV distribution and the observed rainfall, and the deviation between two probability rainfall was estimated. As a result, this deviation increased as the difference between the return period and the observation period increased. Meanwhile, the d4PDF reasonably suggested the probability rainfall with a low frequency and high intensity by minimizing the uncertainty occurred by applying the frequency analysis and the observed data with the short data period.

• Journal of The Korean Society of Agricultural Engineers
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• v.66 no.1
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• pp.49-66
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• 2024

Extreme rainfall will become intense due to climate change, increasing inundation risk to agricultural land. Hydrological and hydraulic simulations for the entire watershed were conducted to analyze the impact of climate change. Rainfall data was collected based on past weather observation and SSP (Shared Socio-economic Pathway)5-8.5 climate change scenarios. Simulation for flood volume, reservoir operation, river level, and inundation of agricultural land was conducted through K-HAS (KRC Hydraulics & Hydrology Analysis System) and HEC-RAS (Hydrologic Engineering Center - River Analysis System). Various scenarios were selected, encompassing different periods of rainfall data, including the observed period (1973-2022), near-term future (2021-2050), mid-term future (2051-2080), and long-term future (2081-2100), in addition to probabilistic precipitation events with return periods of 20 years and 100 years. The inundation area of the Aho-Buin district was visualized through GIS (Geographic Information System) based on the results of the flooding analysis. The probabilistic precipitation of climate change scenarios was calculated higher than that of past observations, which affected the increase in reservoir inflow, river level, inundation time, and inundation area. The inundation area and inundation time were higher in the 100-year frequency. Inundation risk was high in the order of long-term future, near-term future, mid-term future, and observed period. It was also shown that the Aho and Buin districts were vulnerable to inundation. These results are expected to be used as fundamental data for assessing the risk of flooding for agricultural land and downstream watersheds under climate change, guiding drainage improvement projects, and making flood risk maps.

• Journal of The Korean Society of Agricultural Engineers
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• v.56 no.3
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• pp.19-29
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• 2014

This study was to evaluate the potential climate change impact on watershed hydrological components of evapotranspiration, surface runoff, lateral flow, return flow, and streamflow using Soil and Water Assessment Tool (SWAT). For Yongdam dam watershed (930 $km^2$), the SWAT model was calibrated for five years (2002-2006) and validated for three years (2004-2006) using daily streamflow data at three locations and daily soil moisture data at five locations. The Nash-Sutcliffe model efficiency (NSE) and coefficient of determination ($R^2$) were 0.43-0.67 and 0.48-0.70 for streamflow, and 0.16-0.65 and 0.27-0.76 for soil moisture, respectively. For future evaluation, the HadGEM3-RA climate data by Representative Concentration Pathway (RCP) 4.5 and 8.5 scenarios were adopted. The biased future data were corrected using 30 years (1982-2011, baseline period) of ground weather data. The HadGEM3-RA 2080s (2060-2099) temperature and precipitation showed increase of $+4.7^{\circ}C$ and +22.5 %, respectively based on the baseline data. The impacts of future climate change on the evapotranspiration, surface runoff, baseflow, and streamflow showed changes of +11.8 %, +36.8 %, +20.5 %, and +29.2 %, respectively. Overall, the future hydrologic results by RCP emission scenarios showed increase patterns due to the overall increase of future temperature and precipitation.

• Smart Media Journal
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• v.11 no.1
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• pp.38-45
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• 2022

A lot of research is being going until this day in order to obtain stable profit in the stock market. Trading algorithms are widely used, accounting for over 80% of the trading volume of the US stock market. Despite a lot of research, there is no trading algorithm that always shows good performance. In other words, there is no guarantee that an algorithm that performed well in the past will perform well in the future. The reason is that there are many factors that affect the stock price and there are uncertainties about the future. Therefore, in this paper, we propose a model using TimeGAN that predicts future returns well and selects algorithms that are expected to have high returns based on past records of the returns of algorithms. We use TimeGAN becasue it is probabilistic, whereas LSTM method predicts future time series data is deterministic. The advantage of TimeGAN probabilistic prediction is that it can reflect uncertainty about the future. As an experimental result, the method proposed in this paper achieves a high return with little volatility and shows superior results compared to many comparison algorithms.

• Proceedings of the Korea Water Resources Association Conference
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• 2022.05a
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• pp.305-305
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• 2022

A better approach for assessing meteorological drought occurrences is increasingly important in mitigating and adapting to the impacts of climate change, as well as strategies for developing early warning systems. The present study defines meteorological droughts as a period with an abnormal precipitation deficit based on monthly precipitation data of 18 gauging stations for the Han River watershed in the past (1974-2015). This study utilizes a Bayesian parameter estimation approach to analyze the effects of climate change on future drought (2025-2065) in the Han River Basin using the Coupled Model Intercomparison Project Phase 6 (CMIP6) with four bias-corrected general circulation models (GCMs) under the Shared Socioeconomic Pathway (SSP)2-4.5 scenario. Given that drought is defined by several dependent variables, the evaluation of this phenomenon should be based on multivariate analysis. Two main characteristics of drought (severity and duration) were extracted from precipitation anomalies in the past and near-future periods using the copula function. Three parameters of the Archimedean family copulas, Frank, Clayton, and Gumbel copula, were selected to fit with drought severity and duration. The results reveal that the lower parts and middle of the Han River basin have faced severe drought conditions in the near future. Also, the bivariate analysis using copula showed that, according to both indicators, the study area would experience droughts with greater severity and duration in the future as compared with the historical period.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.5
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• pp.1871-1885
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• 2013

In this study, spatio-temporal distribution of future drought in South Korea was predicted by using the meteorological data generated from GCMs on which a variety of climate changing scenarios are applied. Drought phenomena was quantitatively analyzed using SPI(Standardized Precipitation Index). In addition, potential drought hazard maps for different drought duration and return period were made for the South Koreaby drought frequency analysis after deriving SDF(Severity-Duration-Frequency) curves using the 54 weather stations throughout the country. From the potential drought hazard maps, drought is expected to be severer in Nakdong River basin and Seomjin River basin under A2 scenario. It was also predicted that drought would be severe in the Han River basin by RCP8.5 scenario. In the future, potential drought hazard area would be expanded until the Eastern part of Nakdong River basin as compared with that of past under A2 scenario condition. Research results indicated that future drought would be extensively occurred all areas of South Korea not limiting in the southern part of country.