• The Transactions of the Korea Information Processing Society
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• v.5 no.9
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• pp.2294-2301
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• 1998

The aim of this paper is to extract features from each news scenes for example, symbol icon which can be distinct each broadcasting corp, icon and caption which are has feature and important information for the scene in respectively, In this paper, we propose extraction methods of caption that has important prohlem of news videos and it can be classified in three steps, First of al!, we converted that input images from video frame to YIQ color vector in first stage. And then, we divide input image into regions in clear hy using equalized color histogram of input image, In last, we extracts caption using edge histogram based on vertical and horizontal line, We also propose the method which can extract news icon in selected key frames by the difference of inter-histogram and can divide each scene by the extracted icon. In this paper, we used comparison method of edge histogram instead of complex methcxls based on color histogram or wavelet or moving objects, so we shorten computation through using simpler algorithm. and we shown good result of feature's extraction.

• Journal of Broadcast Engineering
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• v.13 no.6
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• pp.838-848
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• 2008

Recently, new multimedia techniques using lighting and projection are often used for the production of broadcasting programs. Also news programs use DLP(Digital Lighting Processing) videos with good resolution escaping from the existing set changes. This paper examined the correlations between lighting sources and the resolution of DLP videos, and had a simulation, and then it proposed DLP used ideal lighting for news programs. This paper comparatively examined the resolution of DLP videos influenced by the conditions of lighting, using the videos picked up on the HD camera and the measuring monitor.

• Journal of the Korea Society of Computer and Information
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• v.7 no.2
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• pp.196-204
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• 2002

This paper examines the price discovery role of the KOSPI 200 futures index for its cash index. It was used the intrady data for KOSPI 200 and futures index from July 1998 to June 2001. The existing Preceding study for KOSPI 200 futures index was used the data of early market installation, but this study is distinguished to use a recent data accompanied with the great volume of transaction and various investors. We established three hypothesis to examine whether there is the price discovery role in the KOPSI 200 futures index and the characteristics of that. First, to examine whether the lead-lag relation is induced by the infrequent trading of component stocks, observations are sorted by the size of the trading volume of cash index. In a low trading volume, the long lead time is reported and the short lead time in a high volume. It is explained that the infrequent trading effect have an influence on the price discovery role. Second, to examine whether the lead-lag relation is different under bad news and good news, observations are sorted by the sign and size of cash index returns. In a bad news the long lead time is reported and the short lead time in a good news. This is explained by the restriction of"short selling" of the cash index Third, we compared estimates of the lead and lag relationships on the expiration day with those on days prior to expiration using a minute-to-minute data. The futures-to-spot lead time on the expiration day was at least as long as other days Prior to expiration, suggesting that "expiration day effects" did not demonstrate a temporal character substantially different form earlier days. Thus, while arbitrage activity may be presumed to be the greatest at expiration, such arbitrage transactions were not sufficiently strong or Pervasive to alter the empirical price relationship for the entire day. for the entire day.

• Knowledge Management Research
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• v.5 no.1
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• pp.39-56
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• 2004

Mergers and Acquisitions(M&A) have long played an important role in the growth of firm. M&A has been considered a effective strategy for Korean government to restructure industry. Previous studies provided mixed results on the synergy effect of M&A This study provides investigation on 39 mergers occurred over the sample period from 2000 to 2001. In this study, event study methodology arc used to calculate abnormal return(AR) and cumulative abnormal return(CAR) based on mean-adjusted model. The testing period of this study from date -30 through date +30, where date zero is the date of the first public announcement of the merger. The empirical results in this study can be summarized as follows. First, the return rates of KOSDAQ registered firms with M&A appears higher than that of KSE listed firms. This means that public announcement of M&A is more influential on stock price for KOSDAQ registered firms than KSE listed firms. Second, The difference between actual merging price and fair value is significant in KSE listed firms and KOSDAQ registered firms. This means that the investors take M&A of KOSDAQ registered firms as a good news. Third, the impact on the market prices of merging firms take place after the first public announcement of the merger in KSE registered firms. But the impact on the market prices take place not only merging firms but also merged firms in KOSDAQ registered firms. This result shows that the investors recognize a M&A is a strategy of technology transfer in small & venture business.

• Journal of Fisheries and Marine Sciences Education
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• v.25 no.2
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• pp.448-457
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• 2013

The media is an effective means of preventing crime. It can be known to members of the media presiding over the most widely and rapidly. Because of this, the mass media is a good way to prevent such crime. Related to general crime, marine crime will have unique characteristics and about Crimes reported by the media, it is also true. The results of this study are as follows. Firstly, it is required that the more accurate present article must be published and reported. Secondly, for more accurate presentation of measure, there is a need to enhance professional training for reporters. Thirdly, the marine weather report is the most important political purpose of considering marine crime prevention. Forthly, marine crime is likely to be a lack of evidence. Therefore, in order to supplement the lack of evidence maritime security agency should be utilized for a news source.qualification Fifthly, the need for regular inspection of the articles is requested. Sixthly, for judicial control maintenance of the media related laws should be strengthened. Finally, the arbitration institution for media rights should be established under the Korea Ministry of Land Infrastructure and Transport. This is practical action for marine crime prevention.

• The Korean Journal of Financial Studies
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• v.11 no.1
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• pp.199-216
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• 2005

본 연구에서는 한국을 포함한 4개국의 주식시장을 대상으로 주식시장에 도달하는 정보의 유형 즉, 정보가 나쁜 뉴스(bad news)이냐 또는 좋은 뉴스(good news)이냐에 따라 주가변동성에 미치는 영향을 실증적으로 분석하였다. 주가변동성은 투자위험을 나타내는 것으로 위험프리미엄(risk premium)과 관련이 있으며, 주가변동성이 높을수록 위험프리미엄이 커져서 기대수익률이 높아지게 된다. 따라서 주가변동성에 관한 연구는 자산가격결정 등 투자자산 관리에 있어서 매우 중요한 시사점을 제공할 수 있을 것이다. 실증분석결과에 의하면 전체기간(1991년~2004년)에서 4개국 모두 예상하지 못한 음(-)의 수익률이 예상하지 못한 양(+)의 수익률보다 주가의 변동성을 더욱 증가시킨 것으로 나타났다. 그리고 그 반응 정도의 크기는 한국이 가장 낮게 나타나고 있다. 즉 주식수익률의 정보의 비대칭성은 4개국 모두 볼 수 있으며, 이중 한국에서 정보의 비대칭성이 가장 약하다는 결과로 해석할 수 있다. 본 연구의 이러한 분석결과는 4개국 모두 주식시장에서 정보유형에 따른 주가변동성의 비대칭적 반응이 존재한다는 것을 실증적으로 보여주는 것이다. 또한 두 개의 하위기간(IMF 전후기간)에서도 주가변동성의 비대칭적 반응이 존재하는 것으로 나타났으며, 특이한 점은 주가변동성의 비대칭적 반응을 나타내는 계수값이 한국, 일본, 홍콩 등 아시아 국가들은 IMF 이후기간에서 감소하는(특히 한국의 경우 대폭 감소함) 반면, 미국의 경우에는 대폭 증가하였다. 이는 아시아권의 경우 금융위기를 겪으면서 투자자들이 나쁜 뉴스에 대해 다소 둔감하게 된 결과인 것으로 해석할 수 있다.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.51-59
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• 2020

The objective of this study is to enrich the literature by investigating the impact of introduction of index future trading on spot market returns and trading volume in Vietnam. Data used in this study mainly consist of daily VN30-Index and market trading volume series during the period from February 6^th, 2012 to December 31^st, 2019. Using OLS, GARCH(1,1) and EGARCH(1,1) models, the empirical findings consistently confirm that the introduction of index future trading has no impact on the spot market returns. In addition, the results of the EGARCH(1,1) model indicate that the leverage effect on the spot market volatility is existence in HOSE. Specifically, bad news has a greater effect on the market volatility than good news of the same size. Moreover, our empirical findings reveal that the introduction of index future contracts has the positive impact on the underlying market trading volume. Specifically, the trading volume of the post-index futures introduction increases by 7.5 percent compared with the pre-index futures introduction. Finally, the results obtained from the Granger causality test for the relationship between the spot market returns and the future trading activity confirm that only uni-directional causality running from the market returns to the future trading activity exists in HOSE.

• International Commerce and Information Review
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• v.17 no.1
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• pp.3-28
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• 2015

Web-ads often distract users' online activities. Web-ads even deter users from comprehending the website contents. As these irritated users try to avoid web-ads, advertising agencies make web-ads even more noticeable to grasp users' attention. The factors that attract users should increase web-ad performance. However, this study confirms that those efforts irritate users and decrease web-ad performance. Also, this study shows that irritated users eventually try to avoid re-visiting the websites. This study also confirms that excessive web-ads on Internet news websites bring more confusion to users than on e-commerce websites. This finding supports the importance of more sustainable web activities on the Internet news websites as users expect objective and fair contents. Based on these results, this study proposes the directions of web-ads activities for the common good and self-interests of the stakeholders.

• Korean journal of communication and information
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• v.39
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• pp.385-427
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• 2007

This study examined the primary tones of news stories and the overall frames which are structuralized by the primary tones in the news reporting of the Private School Law and social conflicts occurring around the law. For this purpose, the study applied Lakoff and Johnson's metaphoric conceptualization to the analysis of the news stories reported in the Chosun Ilbo, the Hankyoreh, and the Kookmin Ilbo, which are considered to represent the audience of the conservative, progressive, and religious forces, respectively. The main goal of this study includes to describe in which manner the newspapers attempt to depict the frames of major social conflicts regarding the Private School Law. The results show that (1) the Chosun Ilbo and the Kookmin Ilbo attempt to structuralize the social conflicts by providing frames of 'freedom is an asset' and a 'war' metaphors; (2) the Kookmin Ilbo applied more frames of a religious metaphor among others; and (3) the Hankyoreh attempts to structuralize the social conflicts by offering frames of 'the front is good, but the rear is bad' and 'war' metaphors, which proves to be the opposite in presenting the overall framing.

• Journal of Korea Port Economic Association
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• v.30 no.3
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• pp.1-14
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• 2014

This paper aims at measuring how new information is incorporated into volatility estimates. Various GARCH models are compared and estimated with daily BDI(Baltic Dry Index) data. While most researchers agree that volatility is predictable, they differ on how this volatility predictability should be modelled. This study, hence, introduces the asymmetric or leverage volatility models, in which good news and bad news have different predictability for future. We provide the systematic comparison of volatility models focusing on the asymmetric effect of news on volatility. Specifically, three diagnostic tests are provided: the sign bias test, the negative size bias test, and the positive size bias test. From the Ljung-Box test statistic for twelfth-order serial correlation for the level we do not find any significant serial correlation in the unpredictable BDI. The coefficients of skewness and kurtosis both indicate that the unpredictable BDI has a distribution which is skewed to the left and significantly flat tailed. Furthermore, the Ljung-Box test statistic for twelfth-order serial correlations in the squares strongly suggests the presence of time-varying volatility. The sign bias test, the negative size bias test, and the positive size bias test strongly indicate that large positive(negative) BDI shocks cause more volatility than small ones. This paper, also, shows that three leverage models have problems in capturing the correct impact of news on volatility and that negative shocks do not cause higher volatility than positive shocks. Specifically, the GARCH model successfully reveals the shape of the news impact curve and is a useful approach to modeling conditional heteroscedasticity of daily BDI.