• International Commerce and Information Review
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• v.15 no.4
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• pp.195-216
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• 2013

In this paper, I investigate how international prices affect domestic prices and export prices in Korea by using vector error correction model(VECM) and estimate its impact on international trade. According to the empirical results, international prices, such as world raw material prices and oil prices, make stronger effects on domestic prices, in order of import, export, producer, and consumer prices. And recent years the effect of international raw material prices on domestic prices becomes larger. It implies importers, exporters and producers are more affected by international prices than consumers are. Therefore, the international trade, import and export, is affected by changes in international prices. Firms, especially importing and exporting companies, should do much efforts on risk managing about raw material prices variation, diversification of raw material suppliers, and oversea resources development. The government is needed to support on firms those efforts while doing its economic policies to cope with economic conditions and the price policy.

• Journal of Korean Society of Rural Planning
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• v.22 no.4
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• pp.103-114
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• 2016

The global trade partners have been diversified and mixed in agricultural market, which is expended the international agri-food market through the Regional Trade Agreement and World Trade Organization, etc. The aim of this study is to derive influential factors for exports increases of agricultural products targeting to Association of South-East Asian Nations (ASEAN). We set the equation for agricultural products exports referred to panel gravity model considering panel fixed effect for controlling endogeneity within variables. The results of this study are the follows; (1) Social economic distance considering international oil price negatively affects in the mushroom model; (2) Korean GDP affects (-) in a mushroom model and (+) in a vegetable model, however, ASEAN's per capita GDP indicates opposite influence in the same model; (3) Relative exchange rate shows negative impact in a vegetable model; (4) The entry status into WTO and the status in force of FTA have converse effects in mushroom and vegetable model, respectively.

• International Journal of Ocean System Engineering
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• v.2 no.4
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• pp.209-213
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• 2012

Recently, the fuel using in the diesel engines of marine ships has been changed to a low quality of heavy oil because of the steady increase in the price of oil. Therefore, the wear and corrosion in all parts of the engine such as the cylinder liner, piston crown, and spindle and seat ring of exhaust valves has correspondingly increased. The repair welding of a piston crown is a unique method for prolonging its lifetime from an economic point of view. In this case, filler metals with a high corrosion and wear resistance are mainly being used for repair welding. However, often at a job site on a ship, a piston crown is actually welded with mild filler metals. Therefore, in this study, mild filler metals such as CSF350H, E8000B2, and 435 were welded to SS401 steel as the base metal, and the corrosion properties of the weld metals with and without post weld heat treatment were investigated using some electrochemical methods in a 0.1% $H_2SO_4$ solution. The weld metal welded with CSF350H filler metal exhibited the best corrosion resistance among these filler metals, irrespective of the heat treatment. However, the weld metal zones of the E8000B2 and 435 filler metals exhibited better and worse corrosion resistance with the heat treatment, respectively. As a result, it is suggested that in the case of repair welding with CSF350H and 435 filler metals, no heat treatment is advisable, while heat treatment is desirable if E8000B2filler metal is used with repair welding.

• International Journal of Naval Architecture and Ocean Engineering
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• v.6 no.2
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• pp.363-379
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• 2014

In an effort to cope with recent high oil price and global warming, developments of air lubricated ships have been pursued to reduce greenhouse gas emissions and to save fuel costs by reducing the frictional resistance. In this study, reduction in the frictional resistance by air lubrication with air layers generated on the lower surface of a flat plate was investigated experimentally in the large water tunnel of SSMB. The generated air layers were observed, and changes in the local frictional drag were measured at various flow rates of injected air. The results indicated that air lubrication with air layers might be useful in reducing the frictional resistance at specific conditions of air injection. Accordingly, resistance and self-propulsion tests for a 66K DWT bulk carrier were carried out in the towing tank of SSMB to estimate the expected net power savings.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.1099-1104
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• 2008

Recent year, mean energy consumptions of a people are higher than other country. And international oil price became over 120 dollar. This energy environment as well as energy war. Maybe, the Meteorological Administration is going to enforce scorching heatwave special report system from that come summer. Besides, 2008 summer, maximum demand power is expected by 64,240,000kW. The electric power equipment reserve rate appeared in to keep 12.5% level. Chilled water storage system witch is one of electric load administration system. Heat pump system used cooling tower heat recovery is advantage that use is possible to summer in small a public bath building. In this paper, we suggest that heat pump system by heat recovery using cooling tower when it is heating operation of ambient air temperature. To apply cooling tower heat recovery heat pump to chilled water heat storage type and achieved performance evaluation about operation. As a result, performance of heat pump system that about 121% in cooling mode, 138% in heating mode higher than KEPCO standard. And heating operation possible to ambient air temperature about $23^{\circ}C$, which of appear cooling tower outlet temperature about $13^{\circ}C$.

• Proceedings of the KIPE Conference
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• 2008.06a
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• pp.320-322
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• 2008

The international oil price now has been going up every each day, about 120 USD per a gallon April 2008, so that most of countries in the world are concern of the the shortage of petroleum and the development of new and renewable energy resources. This paper presents optimal design and operational features of stand-alone 500W PEMFC(Proton Exchange Membrane Fuel Cell) system which can be a substitute instead fossil fuel. The stack of PEMFC is composed of 35 laminated graphites, and a unit cell of the stack has electrical characteristics as below; 14W, 0.9V, 15A. The other components of BOP(Balance of Plant) are composed of hydrogen and nitrogen tanks, regulators, 3way solenoid valves, mass flow meters, etc.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2002.03a
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• pp.39-51
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• 2002

Online exchange is a cost-effective approach to trade goods and information among multiple sellers and buyers. Shipping industry includes lots of global entities such as shippers, liners, ship owners and shipping agents. Marine insurance companies and ship repairers and many other groups are also supporting the industry. However, international shipping exchanges are located on few cities in the world. Its our motivation that a shipping market can be online so that market participants do the dealing while sitting where they are with more efficient manner, preferable price and larger pool of candidates of trading partners. This paper presents Korean governmental project of building a cyber shipping exchange. The exchange covers ship sale and purchase, charter, insurance, freight futures, repairs, supplying of ships oil and database service. The workflows of each business were analyzed and designed to fit for online environment. The project includes design of trading mechanism, online documents, data flow, data storage and security. Online match making and trading mechanisms such as auction, reverse auction, bid are used. The whole trading process involves multiple organizations and business processes. So, this Paper focuses on how each organization would play their roles so that users can complete transactions with integrated and transparent view. The online exchange selves also as maritime portal site that links to other sites for cooperation vertically or horizontally, and serves database and information in global perspective. This paper also issues and discusses the justification of an online shipping exchange

• International Journal of Air-Conditioning and Refrigeration
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• v.11 no.4
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• pp.209-217
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• 2003

The term “energy saving is economical” is appropriate for the national view point and for design and assessment of one system, but not appropriate when choosing the system by comparing alternative systems in the early design step. Sometimes, non-energy saving system is more economical than energy saving system because of the price of electricity, gas or oil, which are used for operating the air conditioning system. Therefore, when designing a system, we should consider the efficient alternatives through economic assessment of energy saving method. However, research on non-operating number control of the system is not sufficient because it is more common to use operating number control of the system for most economic assessment of air conditioning systems. For this reason, this research can provide the economic operating number control method as basic design data. The data obtained through analysis of life cycle cost based on amount of yearly energy use, are produced by system simulation of HASP/ACLD/8501 and HASP/ACSS/8502 for six alternative heating$.$cooling systems based on seasonal air conditioning system, which is widely used for medium and large size office buildings in Busan.

• KIEAE Journal
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• v.7 no.6
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• pp.3-8
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• 2007

Recently, because of the continuous rise of international oil price, energy saving is strongly demanding. So, Ecological technics of architecture such as use of natural energy have been actively explored in the field of building. In the method of utilizing natural energy, the key point is to saving energy effectively as not lowering the comfort of indoor environment, various systems investigated. Many papers about double skin facade system have been reported, it is announced broadly that the system is very effective in improvement of natural ventilation and indoor thermal environment, and also protecting outdoor sound. The shaft box facade is a special form of box window construction. It consists of a system of box windows with continuous vertical shafts that extend over a number of stories to create a stack effect. The facade layout consists of an alternation of box windows and vertical shaft segments. This research investigated the natural ventilation performance of shaft box type balcony which conform the shaft box type double skin to the exiting balcony construction. First, analyzed various types of exiting apartments, proto-type was decided. By using virtual environment Program, modeling the proto-type, compared the contribution of air temperature and the effect of outdoor air cooling. by this research, we confirmed that shaft box type balcony had many possibility for improvement of indoor environment.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.515-521
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• 2021

The popularity of Islamic financial instruments among Muslims is not surprising. The Islamic capital market is where sharia-compliant financial assets are transacted. It works parallel to the conventional market and helps investors find sharia-compliant investment opportunities. At a time of collective confusion when the COVID-19 epidemic is contributing to unprecedented change, this paper is keen to understand how attractive conventional and Islamic stock markets have been to investors recently. Second, this paper takes advantage of the time-scale decomposition property of the wavelet to simultaneously capture risk exposure and distinguish the risks faced by short- and long-term investors. To this end, this research conducted a two-step investigation of the daily closing equity market price indices for three Islamic stock markets and their conventional counterparts. Given that different financial decisions occur with greater or less frequency, the paper examines the connectedness of stock markets operating at heterogeneous rates and identifies the timescales using wavelet-DCC-GARCH analysis to take account of both the time and the frequency domains of stock market connectedness. The paper findings highlight the strong evidence of contagion that can be seen in nearly all conventional stock markets in the COVID-19 pandemic; they reach a high level of dependency in such health crises. Furthermore, Islamic stock markets prove to be a rich ground for global diversification.