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Impact of the Opening Policy of China's A-Share Market on the Stock Market (중국 A주 시장의 대외개방이 주가에 미친 영향)

  • Furong Jin;Shanji Xin
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.4
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    • pp.711-719
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    • 2024
  • This study examined the policy of opening up the Chinese A-share market and its performance in four aspects: institutional investors system, cross-trading system with overseas stock markets, inclusion of A-shares into global indices, and establishment of a new board. Then, the impact of these policies on the Stock Index was empirically analyzed, and it was confirmed that institutional investors system such as QFII and RQFII, cross-trading system with overseas stock markets such as Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, inclusion of A-shares into global indices such as the MSCI EM index and FTSE Russell index, and the establishment of a new board of the Science Innovation Board all had statistically significant positive impacts on the stock index. Based on the results of these analysis, we conclude that China should further expand its stock market opening to the outside world, that mutual efforts are needed to alleviate political conflicts and improve understanding, and that easing industry regulations, including real estate, will help China's economic recovery and foreigners' investment in the A-share market.

Thermal Property Test of Natural Sand and Artificial Sand for the Design of Casting Process (주조공정 설계를 위한 자연주물사와 인공주물사의 열물성 시험)

  • Jeong-Ho Nam;Byoung-Jun Lee;Si-Young Kwak
    • Journal of Korea Foundry Society
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    • v.44 no.1
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    • pp.3-8
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    • 2024
  • Reducing industrial waste and improving the atmospheric environment recently have emerged as important tasks for the casting industry. Various types of artificial sand that can replace natural sand have been developed and used to solve problems that arise with the use of conventional foundry sand and to improve the foundry environment. However, only limited physical properties provided by overseas suppliers are known and in-depth comparative analyses with existing natural sand are lacking. For the design of the casting process, a wide range of thermal properties must be secured not only at room temperature but also at high temperatures. In addition, it is important to compare and analyze the differences in thermal properties between existing natural and artificial sand because changes in thermal properties require changes in the design of the casting method. In this study, the thermal behavior of the mold was analyzed through a thermal expansion test of mold blocks for natural and artificial sand., To this end, a thermal property test to evaluate thermal conductivity was performed by determining a temperature range. The results of the experiment, revealed that the thermal conductivity was 5-40% higher in artificial sand than in natural sand, and the coefficient of thermal expansion was about 15% lower for artificial sand. However, there was not a significant difference in specific heat regardless of the composition.

A Study on the Correlation between Damage and Repair Volume of Bridge Maintenance (교량 유지보수의 손상물량과 보수물량 상관관계 연구)

  • Lee, Changjun;Park, Taeil
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.44 no.4
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    • pp.577-585
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    • 2024
  • Infrastructure plays a crucial role in the industrial development and economic growth of a nation. However, recently, domestic infrastructure has been causing not only safety risks due to aging but also social and economic inefficiencies, increasing the need for maintenance. In particular, the deterioration rate of bridges is serious, so application of appropriate repair and rehabilitation methods and estimation of its quantity are required. In this study, frequently applied repair methods for bridges using data from the Facility Integrated Management System (FMS) were identified. the empirical correlation between damage volume and the repair volume was analyzed using Bridge Management System (BMS) data. The result of the analysis showed that the ratio of the repair volume to the damage volume was 1.0. The guideline, on the other hand, suggest 1.5 the ratio of the repair volume to the damage volume. Although the guidelines differently present more conservative figures considering safety, this study is significant in that it presents a practical ratio through data analysis results. This results can be used to develop a model that can calculate the amount of repair and rehabilitation of various facilities in the future.

A Study on the Competitive Factor of Global Logistics Hub Cities Using a Importance-Performance Analysis : Focusing on the Case of Incheon Metropolitan City (IPA분석을 통한 글로벌 물류 허브도시 경쟁요인에 관한 연구 : 인천광역시 사례를 중심으로)

  • Lee, Myeong-Hwa;Shin, Mi-Na;Kim, Un-Soo
    • Journal of Korea Port Economic Association
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    • v.40 no.2
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    • pp.205-219
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    • 2024
  • This study assesses Incheon Metropolitan City's potential as a global logistics hub amid intensified competition since the 2000s. Utilizing Importance-Performance Analysis(IPA), it evaluates competitive factors for logistics hub cities and Incheon's current positioning. The research identifies world-class infrastructure development and global city connectivity as key competitiveness factors. While Incheon, with its international airport and port, currently functions as a logistics hub, areas for improvement emerge. Recommendations include developing specialized cargo infrastructure for cold-chain and e-commerce, expanding the global network through multimodal transportation, and addressing gaps in smart and eco-friendly logistics. These suggestions encompass professional training, information platform establishment, and sector-wide decarbonization initiatives. The study's significance lies in its IPA-driven evaluation of competitiveness factors and Incheon's status, providing actionable recommendations for strategic planning to enhance the city's position as a global logistics hub.

A Study on Customer Experience with Food Truck Services: Focusing on Topic Modeling Techniques (푸드트럭 서비스 이용객 경험에 관한 연구: 토픽모델링 기법 중심으로)

  • Jooa Baek;Yeongbae Choe
    • Journal of Service Research and Studies
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    • v.14 no.3
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    • pp.188-205
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    • 2024
  • The food truck business, which involves selling various types of food from mobile vehicles, has gained significant popularity in urban centers and at events. These food trucks have rapidly expanded due to their relatively low initial investment and high flexibility, attracting customers with unique menus and personalized services. However, as competition increases, the need to manage service quality to boost customer satisfaction and encourage repeat visits has become more critical. Despite this growing importance, there has been limited empirical research on the topic. This study aims to analyze customer experiences with food truck services to gain strategic insights for improving service quality. By applying structural topic modeling to customer review data, the study identified 50 key topics. The process included a comprehensive evaluation of model diagnostics and interpretability to determine the optimal number of topics, ultimately selecting the most relevant ones related to service experiences. The impact of these identified topics on overall customer satisfaction was empirically tested using regression analysis. The results showed that aspects such as "Food Taste," "Friendly Staff," and "Positive Emotion" had a positive influence on customer satisfaction, whereas "Delayed Service," "Negative Emotion," and "Beverage Service" had a negative impact. Based on this analysis, the study proposes concrete methods for food truck operators to systematically analyze customer feedback and use it to drive service improvements and innovation. This research highlights the importance of data-driven decision-making in small business environments like food trucks and contributes to expanding the application of topic modeling in the service industry.

Temperature Prediction and Control of Cement Preheater Using Alternative Fuels (대체연료를 사용하는 시멘트 예열실 온도 예측 제어)

  • Baasan-Ochir Baljinnyam;Yerim Lee;Boseon Yoo;Jaesik Choi
    • Resources Recycling
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    • v.33 no.4
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    • pp.3-14
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    • 2024
  • The preheating and calcination processes in cement manufacturing, which are crucial for producing the cement intermediate product clinker, require a substantial quantity of fossil fuels to generate high-temperature thermal energy. However, owing to the ever-increasing severity of environmental pollution, considerable efforts are being made to reduce carbon emissions from fossil fuels in the cement industry. Several preliminary studies have focused on increasing the usage of alternative fuels like refuse-derived fuel (RDF). Alternative fuels offer several advantages, such as reduced carbon emissions, mitigated generation of nitrogen oxides, and incineration in preheaters and kilns instead of landfilling. However, owing to the diverse compositions of alternative fuels, estimating their calorific value is challenging. This makes it difficult to regulate the preheater stability, thereby limiting the usage of alternative fuels. Therefore, in this study, a model based on deep neural networks is developed to accurately predict the preheater temperature and propose optimal fuel input quantities using explainable artificial intelligence. Utilizing the proposed model in actual preheating process sites resulted in a 5% reduction in fossil fuel usage, 5%p increase in the substitution rate with alternative fuels, and 35% reduction in preheater temperature fluctuations.

Analyzing the Determinants of Performance in Government Research Institutes Using Fuzzy Set Qualitative Comparative Analysis(fsQCA) (퍼지집합 질적 비교 분석을 활용한 정부출연연구기관의 성과에 대한 결정요인 분석)

  • Junyeong Lee;Dongyeon Kim;Minwoo Jeong;Boram Kwon
    • Information Systems Review
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    • v.26 no.1
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    • pp.251-268
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    • 2024
  • In the Fourth Industrial Revolution era, global powers are enhancing R&D support to leverage innovations like AI, IoT, and big data for productivity gains and structural economic and social reforms. Yet, the declining R&D budget growth rate and the forecasted sharp cut in South Korea's R&D budget in 2024 highlight the critical need for national R&D performance management system discussions. Diverging from previous studies focused on quantitative analysis of performance determinants, this research utilizes fuzzy set qualitative comparative analysis(fsQCA) to explore the interplay of factors affecting research institutions' outcomes comprehensively. Analyzing data from 2018 to 2022, it examines three outcome types of research institutions, identifying factor combinations crucial for success. By pinpointing these factors' configurations, the study offers institution-specific performance enhancement guidelines and insights for national R&D policy management and performance evaluation efficiency.

A Case Study on the Risk Assessment for O&M of a 1 MW Tidal Current Energy Converter (1 MW 조류발전기 O&M 위험성평가 사례 연구)

  • Dong-Hui Ko;Jin-Hak Yi;Jin-Soon Park;Hyemin Hong
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.36 no.5
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    • pp.185-198
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    • 2024
  • Tidal power is a technology that generates electricity by utilizing tidal current energy, and in recent years, with the advancement of technology, it has reached the stage of real sea performance test. However, in the case of Korea, there is a lack of construction experience and equipment, and work in fast flows such as the Uldolmok region involves various risk factors. In order to establish measures to reduce these risk factors, Korea's Occupational Safety and Health Act recommends performing a risk assessment to identify and manage risk factors that may occur during work in advance. Risk assessment is a process aimed at identifying and evaluating potential risk factors that may arise during work, with the goal of minimizing losses caused by accidents. Therefore, in this study, a risk assessment was conducted to identify risk factors that may occur during offshore O&M work of the 1 MW tidal current energy converter and to ensure the safety of workers and the environment. A total of 60 risk factors were identified, including marine and weather conditions, equipment and personnel, and work environments, and a qualitative risk assessment was conducted three times based on the judgment of several field experts.

Does Servant Leadership Reduce Turnover Intention?: Job Crafting as Mediating Variables, and Stress Mindset as Moderating Variable (서번트 리더십은 이직 의도를 줄이는가?: 잡 크래프팅의 매개 역할과 스트레스 마인드셋의 조절 효과)

  • Piao Juan-xiu;Hahn Ju-hee
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.19 no.4
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    • pp.141-160
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    • 2024
  • In recent years, turnover intention among employees in China's banking industry has surged due to internal and external environmental pressures. This surge surpasses those occurring in other sectors. This rising trend in employee turnover has resulted in reducing employee turnover becoming a critical priority for banks in their ongoing development. Traditional leadership styles have proven inadequate for addressing this issue, requiring a shift towards more effective management approaches. This study explores the potential of servant leadership, a management style that prioritizes employees' needs, supports their development, and motivates them to realize their potential, as a means to mitigate rising turnover intentions. The research focuses on employees in the Chinese banking sector so as to examine the impact of the servant leadership management approach on their turnover intentions. Job crafting is investigated as a mediating variable, while stress mindset is assessed as a moderating variable. Data were collected from 401 valid questionnaires across 62 teams, comprising 62 leaders and 339 employees. Hypotheses were tested using SPSS 26.0 and HLM 6.0. The findings reveal that: (1) servant leadership significantly reduces turnover intentions; (2) job crafting mediates the relationship between servant leadership and turnover intentions; and (3) stress mindset positively moderates the influence of job crafting on turnover intentions. This study provides empirical evidence supporting the relationship between servant leadership and turnover intentions. The study's findings offer valuable insights into how to enhance employee management practices. It also discusses the theoretical and practical implications of integrating servant leadership into the banking sector, highlights the study's limitations, and proposes directions for future research.

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Analysis of Career Education in the 2022 Revised Curriculum (2022 개정 교육과정에 나타난 진로 교육 분석)

  • Yoon Ok Han
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.5
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    • pp.107-115
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    • 2024
  • Curriculum revision is a very important process for improving students' learning achievement and abilities, responding to social needs, strengthening equality and inclusiveness, strengthening teachers' professionalism, strengthening national competitiveness, and responding to the era of globalization, and for continuous development and innovation. Through this, we can provide better educational opportunities and environments for future generations. The 2022 revised curriculum is a curriculum that reflects the knowledge and skills students need in modern society and enables them to respond to changes in industry and society. The purpose of this study is to present the direction of career education by analyzing the career education shown in the 2022 revised curriculum. If we analyze only the contents related to career education in the 2022 revised curriculum that directly mention career and occupation, the following contents are found. First, in the curriculum for future response, contents related to career education appear in the strengthening of basic digital knowledge. Second, in the field of autonomous innovation support tasks at school sites, the organization of the free semester system and improvement plans are presented among the details of the improvement of flexibility in the operation of the elementary and secondary school curriculum. Third, in the area of strengthening learner-customized education, the core of career education is strengthening career-linked education between elementary, middle and high schools. Career education is mentioned in the area of the detail itself. As such, it is no exaggeration to say that the core content of the 2022 revised curriculum is career education. The direction and contents of career education are faithfully reflected in the 2022 revised curriculum.