• Asian Journal of Innovation and Policy
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• v.9 no.2
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• pp.187-206
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• 2020

Under the on-going evolution of the COVID-19 pandemic, estimating the economic impact of the pandemic is highly uncertain and challenging. This situation makes it difficult for policymakers, governors, and economic entities to formulate appropriate responses and decision makings. To provide useful information about the effect of the COVID-19 pandemic on the Korean economy, this study examined macroeconomic impact analysis stemming from the pandemic shocks with different scenarios for the Korean economy. Based on three scenarios using the growth rate of 2020 GDP and consumer expenditure patterns, the 2021 GDP by industry sector was forecast with two new approaches. First, the recovering process of the Korean economy from the shock was analyzed by applying a Flex-IO method. Second, a new forecasting approach combined with an IO coefficient matrix was applied to forecast the future GDP changes. The findings of this study are summarized as follows: First, the total GDP growth rate under the Pessimistic Scenario demonstrates less rebound from the shock than that of the Base Scenario. Second, agriculture, culture, and tourism-related sectors that are suffering from the severe losses of COVID-19 showed lower resilience than other different industries. Third, information and communications technology (ICT) industry maintains a stable growth trend and is expected to take the leading role for the Korean economy in the post-COVID-19 and the Industry 4.0 eras. The findings deliver that it needs to analyze how government expenditure responding the shock into the forecasting model, which can be more useful and reliable to simulate the resilience from the pandemic.

• The Journal of Asian Finance, Economics and Business
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• v.1 no.3
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• pp.29-36
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• 2014

This paper attempts to measure the impact of non-financial factors including analyst practices and broker resources on performance of sell side research. Results reveal that these non-financial factors have a measurable impact on performance of target price forecasts. Number of pages written by an analyst (surrogate for analyst practice) is significantly and directly linked with target price accuracy indicating a more elaborate analyst produces better target price forecasts. Analyst compensation (surrogate for broker resource) is significantly and inversely linked with target price accuracy. Out performance by analysts working with lower paying firms is possibly associated with motivation to migrate to higher paying broking firms. The study finds that employing more number of analysts per research report has no significant impact on target price accuracy -negative coefficient indicates that team work may not result in better target price forecasts. Though insignificant, long term forecast horizon negatively affects target price accuracy while stock volatility improves target price accuracy.

• The Bulletin of The Korean Astronomical Society
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• v.44 no.2
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• pp.59.1-59.1
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• 2019

I will compute the rate of merger events in the multi-scale initial conditions to forecast special events driving the anisotropic assembly of dark matter halos and understand their impact on galaxy formation. Beyond halo mergers, I consider all sets of mergers, including wall and lament mergers, as they impact the geometry of galactic infall. Their one- and two-points statistics are computed as a function of cosmic time. I establish the relation between merger rates and connectivity, which is then used to assess the impact the large scale structures on assembly bias. The anisotropy of the cosmic web, as encoded in this theory, is a signi cant ingredient to describe jointly the physics and dynamics of galaxies in their environment, e.g. in the context of intrinsic alignments or morphological diversity.

• Atmosphere
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• v.18 no.4
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• pp.441-458
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• 2008

A TP/WVP-3000A, ground-based microwave radiometer, that was first introduced to South Korea has been operated since August 22, 2007 at the National Center for Intensive Observation of Severe Weathers (NCIO). Using the dual-band, the radiometer provides temperature and humidity soundings from the surface up to 10 km height with the high-temporal resolution of a few minutes. In this study, the performance of the radiometer on the predictability of the high impact weathers was evaluated and various practical applications were investigated. To verify the retrieved profile data from the radiometer, temperature and relative humidity soundings are compared with those from the rawinsonde launched at the NCIO and Gwangju station. The root mean squared errors for temperature and relative humidity soundings were smaller under rainy weather conditions. The correlation coefficient between PWVs (Precipitable Water Vapors) obtained from the radiometer and Global Positioning System satellite at Mokpo station is 0.92 on average. In order to investigate the structure and characteristics of precipitation, stability indexes related to rainfall such as the Convective Available Potential Energy (CAPE), K-index, and Storm RElative Helicity (SREH) were calculated using windprofiler at the NCIO from 14 to 16 September, 2007. CAPE and K-index tended to be large when the thermodynamic unstability was strong. On the other hand, SREH index was dominantly large when the dynamic unstability was strong due to the passage of the typhoon 'Nari'.

• Atmosphere
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• v.30 no.2
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• pp.141-154
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• 2020

Seasonal forecast is growing in demand, as it provides valuable information for decision making and potential to reduce impact on weather events. This study examines how operational climate prediction systems can be reliable, producing the probability forecast in seasonal scale. A reliability diagram was used, which is a tool for the reliability by comparing probabilities with the corresponding observed frequency. It is proposed for a method grading scales of 1-5 based on the reliability diagram to quantify the reliability. Probabilities are derived from ensemble members using hindcast data. The analysis is focused on skill for 2 m temperature and precipitation from climate prediction systems in KMA, UKMO, and ECMWF, NCEP and JMA. Five categorizations are found depending on variables, seasons and regions. The probability forecast for 2 m temperature can be relied on while that for precipitation is reliable only in few regions. The probabilistic skill in KMA and UKMO is comparable with ECMWF, and the reliabilities tend to increase as the ensemble size and hindcast period increasing.

• Atmosphere
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• v.32 no.1
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• pp.27-37
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• 2022

The Korean Integrated Model (KIM) forecast system was extended to assimilate Horizontal Line-Of-Sight (HLOS) wind observations from the Atmospheric Laser Doppler Instrument (ALADIN) on board the Atmospheric Dynamic Mission (ADM)-Aeolus satellite. Quality control procedures were developed to assess the HLOS wind data quality, and observation operators added to the KIM three-dimensional variational data assimilation system to support the new observed variables. In a global cycling experiment, assimilation of ALADIN observations led to reductions in average root-mean-square error of 2.1% and 1.3% for the zonal and meridional wind analyses when compared against European Centre for Medium-Range Weather Forecasts (ECMWF) Integrated Forecast System (IFS) analyses. Even though the observable variable is wind, the assimilation of ALADIN observation had an overall positive impact on the analyses of other variables, such as temperature and specific humidity. As a result, the KIM 72-hour wind forecast fields were improved in the Southern Hemisphere poleward of 30 degrees.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.91-101
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• 2021

The paper examines the impact of the COVID-19 pandemic on the stock market prices. The vector autoregression model (VAR) has been used in this analysis to survey 341 stocks on the Ho Chi Minh City Stock Exchange (HOSE) for the period from January 23, 2020 to December 31, 2020. The empirical results obtained from the analysis of 11 economic sectors suggest that there is a statistically significant impact relationship between COVID-19 and the healthcare and utility industries. Additional findings show a statistically significant negative impact of COVID-19 on the utility share price at lag 1. Analysis of impulse response function (IRF) and forecast error variance decomposition (FEVD) show an inverse reaction of utility stock prices to the impact of COVID-19 and a gradual disappearing shock after two steps. Major findings show that there is a clear negative effect of the COVID-19 pandemic on share prices, and the daily increase in the number of confirmed cases, indicate that, in future disease outbreaks, early containment measures and positive responses are necessary conditions for governments and nations to protect stock markets from excessive depreciation. Utility stocks are among the most severely impacted shares on financial exchanges during a pandemic due to the high risk of immediate or irreversible closure of manufacturing lines and poor demand for basic amenities.

• Journal of Korea Water Resources Association
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• v.52 no.2
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• pp.125-132
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• 2019

In this study, we developed a heavy rainfall risk impact matrix, which can be used to evaluate the influence of heavy rainfall risk, and propose a method to evaluate the impact of heavy rainfall risk. We evaluated the heavy rainfall risk impact for each receptor (Residential, Transport, Utility) on Sadang-dong using the heavy rainfall event on July 27, 2011. For this purpose, the potential risk impact was calculated by combining the impact level and the rainfall depth based on the grid. Heavy Rainfall Risk Impact was calculated by combining with Likelihood to predict the heavy rainfall impact, and the degree of heavy rainfall in the Sadang-dong area was analyzed and presented based on grid.

• Journal of Environmental Impact Assessment
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• v.21 no.1
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• pp.119-132
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• 2012

Biodiversity is a key element of ecosystem of which function provides essential product and service in human life. In the course since development projects often causes damages to biodiversity, environmental impact assessment technique must be capable of accurately assessing potential impact from flora and fauna and to entire ecosystem. Korea needs improvement of its assessment technique that is compatible with Korean environmental regulatory standard that is generally stricter than that of most countries. This study attempts to explore both domestic and overseas biodiversity assessment techniques and analyze each stage of environmental impact assessment. The data is collected from numbers of literatures selected by navigating both domestic and overseas literature database with certain keywords. Among the 44 selected papers, overseas publications outnumber those of domestics, and there are more researches on assessment methodology of biodiversity than assessment tool and model. In terms of environmental impact assessment, the number of papers on environmental impact forecast exceeds the numbers of papers on current state of environment and the impact minimizing solution. Therefore, contents and trends of those researches in the different stages of environmental impact assessment discussed in this paper not only suggest potential impact on biodiversity and minimization solutions in detail, but is also a valuable resource particularly for biodiversity relevant environmental assessment technique improvement in Korea. Proposing of a new direction of improvement in biodiversity assessment techniques makes this study significant, and further research for preservation of biodiversity should follow up to provide an improvement scheme for biodiversity assessment techniques in the future.

• Proceedings of the Korean Society for Agricultural Machinery Conference
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• 1996.06c
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• pp.1073-1080
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• 1996

The impact of the input and output probability distributions on the performance of neural networks to forecast two year peak stream flow (cubic meters per second) is examined for two major river basins of the US. The neural network input consisted of drainage area(square kilometers ) and elevation (meters). When data are normally distributed , the neural networks predict much better than when the data are non-normal and have larger tails in their distributions.