• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.327-335
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• 2022

The purpose of this study is to examine the Kuwaiti Stock Exchange's (KDE) response to the COVID-19 pandemic and the precautions taken by Kuwaiti authorities to protect their citizens and other residents. To achieve this objective, daily data from four different indexes published by the Kuwait Stock Exchange (KSE) for the period between 24 February and 30 June 2020, as well as daily data on the number of people infected with COVID-19, the daily number of recovered people, the daily number of deaths, lockdown days, and days the country was under curfew. The findings show a significant positive association between the daily recovery of persons infected by COVID-19 and all indexes published by the KSE except for the Boursa Kuwait Main Market 50, where the association was positive but insignificant. A negative and significant association was also found between the closure of the country and each of the four indexes. Although the curfew imposed by the Kuwaiti authorities at an early stage of the pandemic appeared to have a negative effect on the four indexes, the level of association was statistically significant only in the cases of the Main Market index and Boursa Kuwait Main Market 50 index.

• Korea Trade Review
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• v.44 no.6
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• pp.23-38
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• 2019

This paper aims to empirically study how service trade regulations and FTAs have affected trade in services of Korea, China, and Japan (KCJ). We estimate the gravity equation using the OECD Services Trade Restrictiveness Index (STRI), the Heterogeneity Index, and service trade data of KCJ and their main trade partners from 2003- 2010. The analysis revealed that the more restrictive regulations measured by the STRI are negatively associated with the services trade of Korea and Japan. In addition, Korean FTAs have had a significantly positive effect on service trade. Further empirical results showed that FTAs with a longer implementation period had a greater effect on services trade.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.20 no.9
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• pp.834-840
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• 2010

The Sound reduction indices(SRIs) of interior door with 13 different size apertures are measured in acoustic chamber. Also, as a theoretical approach, the SRIs are estimated using Gomperts' theory. In this study, the aperture of interior door is focused on the lower part of door leaf which is well known as a main cause to deteriorate the sound insulation performance of door. The results show that the SRI of door strongly depends on the aperture width and the dip in the measured sound reduction index curve by the resonance effect within aperture is observed at high-frequency. On the whole, the values calculated by theory are in good agreement with the measured values including the position of resonance dip. The average difference between the measured and the calculated values is 0.9 dB for 13 doors with different size aperture in terms of the weighted SRI.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.30 no.9 s.252
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• pp.1142-1147
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• 2006

A practical method for reducing the number of spot welds in automotive structures considering fatigue crack initiation life is suggested. At first, an influence index for the durability and the fatigue life of a spot weld itself is defined and then taken as the main effect of the DOE analysis. Spot welds that can be removed without serious reduction of durability through numerical experiments are selected by the results of DOE. The proposed method was applied to the shock tower and LCA(lower control arm) structure of a vehicle, which are important components in durability-related point of view.

• The Journal of Korean Medicine
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• v.21 no.3
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• pp.213-219
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• 2000

We treated a 53 year-old male patient. He had alcoholic liver cirrhosis and diabetes. The main symptoms were fatigue, ascites, edema, anorexia, indigestion, constipation, and abdominal pain. We diagnosed him as 'the retention of pathogenic damp-heat in the liver and gall bladder’ and adminstered Saenggangeonbi-tang three times a day. We observed clinical symptoms, liver function test(AST, ALT, ${\gamma}-GT$, ALP, total bilirubin), nutritional state(total protein, albumin) and capillary blood glucose. After treatment, all the main symptoms disappeared and the patient's nutritional state has improved. Child's grade using the improvement index in liver cirrhosis has changed from B to A. Although the very mechanism of Saenggangeonbi-tang was not proven, we could suggest that Saenggangeonbi-tang is not toxic to the liver and has a good effect on alcoholic liver cirrhosis with diabetes mellitus.

• Advances in concrete construction
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• v.9 no.3
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• pp.313-326
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• 2020

Glass fiber-reinforced polymer (GFRP) bars have been introduced as an effective alternative for the conventional steel reinforcement in concrete structures to mitigate the costly consequences of steel corrosion. However, despite the superior performance of these composite materials in terms of corrosion, the effect of replacing steel reinforcement with GFRP on the seismic performance of concrete structures is not fully covered yet. To address some of the key parameters in the seismic behavior of GFRP-reinforced concrete (RC) structures, two full-scale beam-column joints reinforced with GFRP bars and stirrups were constructed and tested under two phases of loading, each simulating a severe ground motion. The objective was to investigate the effect of damage due to earthquakes on the service and ultimate behavior of GFRP-RC moment-resisting frames. The main parameters under investigation were geometrical configuration (interior or exterior beam-column joint) and joint shear stress. The performance of the specimens was measured in terms of lateral load-drift response, energy dissipation, mode of failure and stress distribution. Moreover, the effect of concrete damage due to earthquake loading on the performance of beam-column joints under service loading was investigated and a modified damage index was proposed to quantify the magnitude of damage in GFRP-RC beam-column joints under dynamic loading. Test results indicated that the geometrical configuration significantly affects the level of concrete damage and energy dissipation. Moreover, the level of residual damage in GFRP-RC beam-column joints after undergoing lateral displacements was related to reinforcement ratio of the main beams.

• Journal of Digital Convergence
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• v.12 no.6
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• pp.105-114
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• 2014

This study has recently been issued to businesses and consumers who examined the effects of cross-advertising model. Experimental design, the model type (2) ${\times}$ sexuality products (2) ${\times}$ advertising message appeal form (2) is a factorial design. The results are as follows. First, the advertising model, based on the type of cognitive response to advertising than the general model of cross-recall index was higher model. Second, the product of gender identity in response to what the advertising product for women than men was higher index of product recalls. Third, the ad attention model ANOVA results for each type of message, the main effect of appeal type was identified. In addition, the type and model of sexual identity, and message appeal type in the type of model interaction effects were found. Finally, the model-product analysis of goodness of fit, the model type and sexual identity and appeal type messages of main effect were identified. The result is more efficient advertising effect model strategies for promoting meaningful results, it is meant to be confirmed.

• The Journal of Information Systems
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• v.23 no.1
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• pp.161-184
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• 2014

Our study measures the Digital Life Index (DLI) of baby boomers by considering the utilization of digital devices in their everyday life. The study was conducted by implementing the following three-step approach: (1) development of survey questions and data collection; (2) build Digital Life Index (DLI) model and lastly; (3) empirical analysis using the Digital Life Index (DLI). In the first stage in order to develop the survey questions to measure the digital index, two surveys were conducted. For the first preliminary survey, it was done based on the existing literatures which enabled this investigation through FGI analysis involving real professionals. The second survey was conducted by commissioning a specialized external firm. In this survey, a total of 400 data was collected to verify the validity and objectivity of the data sample. The data gathered through the survey questions was used to develop the digital index. Firstly, the appropriate factors were extracted by conducting factor analysis. This factor analysis validates and verifies the factors which are appropriate in measuring Digital Life Index (DLI). The derived factors are broadly divided into five main factors. The first factor describes the possession, purchase and use of digital device (x1). Meanwhile, the second factor describes the digital device's software (x2) and the third factor describes the participation in utilizing digital device (x3). The fourth factor describes the utilization of digital device in human personal relationship (x4) and lastly, the fifth factor describes the effect of digital device in everyday life and work environment (x5). Secondly, the digital index model was developed. The variables to represent the Digital Life Index (DLI) are ${\chi}1t,{\chi}2t,{\chi}3t,{\chi}4t$ and ${\chi}5t$. Furthermore, as experience in using the digital index grows overtime, the growth can be represented by the "S" shape. Based on the results, Digital Life Index(DLI) is distributed with the highest point at 90.3 and the lowest point at 25.9.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.647-655
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• 2020

This study introduced income mobility analysis using pseudo-longitudinal panel data from Family Income and Expenditure Survey (FIES) to consider the dynamic process of individual's well-being through time. Since there is no comprehensive measurement of income mobility because of its dynamic process, various income mobility indices such as Chi-square, Average Jump Index, Atkinson et al. Mobility Ratio, and Shorrocks' Mobility Index were used. These indices revealed that Filipino households' income movements are more mobile than expected, and their income status improved from 2000 to 2015. As income mobility takes place, income inequality is reduced by 91.80 percent (91.80%). Furthermore, the growth effect is the main factor of income mobility. This indicates that households took the economic opportunities from economic growth to earn more. However, income mobility due to transfer effect (transfer of income from one household to another through lottery winning and borrowing) increased when the economy is not good. The higher income mobility due to growth effect compared to transfer effect, whether the economy is good or bad, means that households learned how to use their income in savings, investments, and entrepreneurship. This is the result of a successful financial literacy program of the government wherein households realized financial stability and security.

• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.65-94
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• 2009

The event of change in KOSPI 200 Index composition is one of the main subjects for the test of EMH. According to EMH, when a certain event is not related with firm's fundamental value, stock price should not change after the announcement of news. This hypothesis leads us to the conclusion of horizontal demand curve of stock. This logic was questioned by Shleifer(1986) and argued that downward sloping demand curve hypothesis was supported. But Harris and Gruel(1986) found a different empirical evidence that price reversal occurs in the long run, which is called price pressure hypothesis. They argued that short term price effect by large block trading (price pressure) is offset in the long run because these event is unrelated to fundamental value. Therefor, they argued that EMH can not be rejected in the long run. Until now, there are two empirical studies with Korean market data in this area. Using a data with same time period of $1996{\sim}1999$, Kweon and Park(2000) and Ahn and Park(2005) showed that stock price or beta is not significantly affected by change in index composition. This study retested this event expanding sample period from 1996 to 2006, and analyzed why this event was considered an uninformative events in the preceding studies. We analyzed a market impact by separating samples according to firm size and market condition. In case of newly enlisted firm, we found the evidence supporting price pressure hypothesis on average. However, we found the long run price effect in the sample of large firms under bearish markets. At the same time, we know that the number of samples under the category of large firms under bearish markets is relatively small, which drives the same result of supporting the hypothesis that change in index composition is a non-informative event on average. Also, the long run price effect of large size firms under bearish markets was supported by the analyses using trading volumes. On the other hand, in case of delisting from the index, we found the long run price effect but that was not supported by trading volume analyses.