• KDI Journal of Economic Policy
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• v.14 no.4
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• pp.27-49
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• 1992

This paper stresses the role of market fundamentals rather than bubbles in explaining Korea's recent experience of large fluctuations of stock and real estate prices. The bubble story that emphasizes the self-fulfilling prophecies of investors seems to be inappropriate to explain the recent changes of assets prices in Korea. Those who argue for bubble phenomenon in Korea tend to interpret the volatile movements of assets prices as some form of bubbles, but without implementing a rigorous test on the presence of bubbles. Even when some bubble tests are carried out, such studies exhibit various econometric problems in testing. More seriously, they suffer from the misspecification problems in setting up a market model. This paper has shown that Korea's recent changes in assets prices could be explained by changes in market fundamentals according to the emergence and the subsequent fading of 'three lows'. First, it tried to explain changes in assets prices by changes in such market fundamentals as real interest rates and economic growth. Second, it showed that the real estate prices overshoot when the liquidity and exchange rates change, using the two-sector general equilibrium portfolio balance model. It is argued that the rapid rise in real estate prices during 1986-89 stems from Yen's and Won's appreciation $vis-{\grave{a}}-vis$ the U.S. dollar and liquidity expansion (or decreases in real interest rates), while the downturn in real estate prices since 1990 is associated with Yen's and Won's depreciation $vis-{\grave{a}}-vis$ the U.S. dollar and rises in real interest rates in reflection of the excess demand for liquidity.

• Journal of Korean Society of Water and Wastewater
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• v.27 no.2
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• pp.261-272
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• 2013

Algae boom (Red tide) in south coastal area of Korea has been appeared several times during a decade. If algae boom appears in the desalination plant, media filter and UF filter are clogged quickly, and the plant should be shutdown. In general, Algae can be removed from water by flotation better than by sedimentation, because of the low density of algal cell. The purpose of this study conducts the CFD simulation of DAF flotation basin to apply the design of the dissolved air flotation with ball filter in the Test Bed for SWRO desalination plant. In this study, Eulerian-Eulerian multiphase model was applied to simulate the behavior of air bubbles and seawater. Density difference model and gravity were used. But de-sludge process and mass transfer between air bubbles and seawater were ignored. Main parameter is hydraulic loading rate which is varied from 20 m/hr to 27.5 m/hr. Geometry of flotation basin were changed to improve the DAF performance. According to the result of this study, the increase of hydraulic loading rate causes that the flow in the separation basin is widely affected and the concentration of air is increased. The flow pattern in the contact zone of flotation basin is greatly affected by the location of nozzle header. When the nozzle header was installed not the bottom of the contact zone but the above, the opportunity of contact between influent and recycle flow was increased.

• Food Science and Preservation
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• v.16 no.3
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• pp.321-326
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• 2009

We assessed quality changes in and washing effects (time and method) on lettuce (Lactuca sativa L.) treated with micro-bubbles. Samples were treated with micro-bubbling for 1, 3, or 5 min, and the 5-min treatment yielded the best results in terms of reduced total microorganism counts, sensory aspects, and degree of washing. Total microorganism counts were 4.30 log colony-forming units (CFU)/g in unwashed lettuce(CT), 4.10 log CFU/g in hand-washed lettuce (HW), 3.98 log CFU/g in conventional, bubble-washed lettuce (BW) and 3.25 log CFU/g in micro-bubble-washed lettuce (MW). In comparison, total counts of samples examined after 10 days of storage were 7.00 log CFU/g for CT, 6.19 log CFU/g for HW, 6.02 log CFU/g for BW, and 5.89 log CFU/g for MW. The lowest counts were seen after micro-bubble treatment. BW and MW samples showed significantly higher counts than did CT and HW samples. In general, BW and MW samples did not vary significantly in count numbers. MW showed a 2.3-fold lower residual pesticide level compared with CT, and also had the lowest level of impurities. HW and BW samples were not well washed.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.11a
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• pp.141-142
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• 2015

This literature study is focused on the improvement of lightweight concrete in perspective of foaming agent. Lightweight concrete is the cured concrete as putting required amount of foaming agent to slurry which is a mixture of a certain amount of cement, sand, and water. It has lower density than general concrete, because foaming agent disintegrates numerous bubbles evenly and independently. Thus, it is capable of lightening the weight and great for sound absorption and insulation, In foreign countries, studies for structural lightweight concrete mainly of tunnel grouting and weight lightening of heavy structures are going along actively. Domestically, exterior panel and ALC blocks are alternatively used for flooring. Therefore, this research consider improvement of lightweight concrete in perspective of foaming agent with foundation study.

• Journal of computational fluids engineering
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• v.7 no.3
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• pp.44-52
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• 2002

An analytic methodology was developed for free surface motions between liquid metal coolant and cover gas in order to calculate the phenomena of gas entrainment in hot pool surface through IHX EMP and reactor core. The methodology was setup by applying the first order VOF convection model to CFX4 general purpose fluid dynamics analysis code. The methodology was validated by applying it to an experimental apparatus designed for free surface motions of KALIMER reactor. The distributions of free surface calculated by the present methodology were almost coincident with the experimental data. The developed methodology was applied to the KALIMER reactor of full power operating condition. The shapes of the free surface were nearly uniform. From the results, it was found that the altitude of the free surface from the IHX inlet nozzle of KALIMER reactor is high enough not to affect to free surface motions of generating gas bubbles from the turbulent shear flows such as hydraulic jump and water falls.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.15 no.4
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• pp.268-273
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• 2003

In the present study, the characteristics of upward bubble flow were experimentally investigated in a liquid bath. An electro-conductivity probe was used to measure local volume fraction and bubble frequency. Since the gas is concentrated at the near nozzle, the flow parameters are high near the nozzle. In general their axial and radial values tended to decrease with increasing distance. For visualization of flow characteristics, a Particle Image Velocimetry (P.I..V) and a thermo-vision camera were used in the present study. The experimental results show that heat transfer from bubble surface to water is largely completed within z=10mm from the nozzle, and then the temperature of bubble surface reaches that of water rapidly. Due to the centrifugal force, the flow was more developed near the wall than at bubble-water plume. Vortex flow in the bottom region was relatively weaker than that in the upper region.

• Progress in Superconductivity
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• v.3 no.2
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• pp.247-251
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• 2002

In general, the bubbling, generated during the fabrication of the tapes, breaks the superconducting filament, and critical current of the tapes will be decreased. Heat-treatment schemes of Bi-2223/Ag HTS tapes were modified, such as pre-annealing of multi-stacked billet, 2-step main sintering and ramp rate etc. The generation of bubbling was drastically decreased from 20 bubbles/m to 0 ~ 1 bubble/m by the modified heat-treatment. Therefore, the value of critical current of the tapes without bubbling was increased almost twice higher than that of already existing tapes. Critical current up to 42 A in 40 m length Bi-22231Ag tapes have been measured at 77K, self-field, 1$mutextrm{V}$/cm criterion. It could be confirmed that elimination of bubbling is effective to maintain the superconducting property along the tape length.

• International Journal of Air-Conditioning and Refrigeration
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• v.13 no.1
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• pp.44-50
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• 2005

In the present study, the characteristics of upward bubble flow were experimentally investigated in a liquid bath. An electro-conductivity probe was used to measure local volume fraction and bubble frequency. Since the gas was concentrated at the near the nozzle, the flow parameters were high near the nozzle. In general their axial and radial values tended to decrease with increasing distance. For visualization of flow characteristics, a Particle Image Velocimetry (PIV) and a thermo-vision camera were used in the present study. The experimental results showed that heat transfer from bubble surface to water was largely completed within z = 10 mm from the nozzle, and then the temperature of bubble surface reached that of water rapidly. Due to the centrifugal force, the flow was more developed near the wall than at bubble-water plume. Vortex flow in the bottom region was relatively weaker than that in the upper region.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.830-839
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• 2008

This study is designed to manufacture the upgraded sound absorption concrete by using foamed concrete by using artificial light weight aggregate which raises the continuous void ratio to increase the sound absorption ratio and improve the strength. In manufacturing the sound absorption block, the pre-foaming form is applied to generate continuous voids, controlling the density by the addition of bubbles. It is general that the more porosity creates, the weaker strength becomes. Each of specimens are used for this experiment and measured their absorption ratio to examine the absorption property depending on frequency. As a results of experiment, it is evaluated that the absorption capacity of the sound absorption block has relation to compression strength and surface shape.

• Korean Journal of Materials Research
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• v.32 no.4
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• pp.223-229
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• 2022

A porous photocatalyst concrete filter was successfully produced to remove NOx, by mixing TiO₂ photocatalyst with lightweight aerated concrete. Ultra Fine Bubbles were used to form continuous pores inside the porous photocatalytic concrete filter, which was mixed via a bubble generation experiment. The optimal mixing condition was determined to be with 4 % of the bubble generation agent B. NO removal specimens were prepared for various photocatalytic loading conditions, and the specimen containing 3 % P-25 removed NO at a concentration of 1.03 µmol in 1 h. The NO removal rate of the porous photocatalytic concrete filter prepared in this study was 10.99 %. This photocatalytic filter performance was more than 9 times the amount of NO removed by a general photocatalytic filter. The porous photocatalyst concrete filter for removing NOx developed in this study can be applied to various construction sites and the air quality can be solved by reducing NOx contributing to the formation of fine particles.