• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.171-180
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• 2021

The purpose of this paper is to estimate the impact of credit rationing on the amount of trade credit used by farmers in Vietnam. This study employs a survey data collected through direct interviews with heads of 1,065 rice households randomly selected out of provinces and city in the Mekong River Delta (MRD). In each province or city, the village with the largest area of land devoted to rice production from the district with the largest area of land devoted to rice production was picked up for survey. In each village, 200 rice farmers were randomly chosen for interview. Based on a probit model and a semi-parametric propensity score matching (PSM) estimator while controlling socio-demographic traits of rice farmers, the estimated results show that non-credit rationed farmers use less trade credit to finance production compared to their credit rationed counterparts. Moreover, the amount of trade credit used by farmers decreases as the degree of credit rationing drops. This paper provides evidence of the substitutive relationship between bank credit and trade credit. It also implicitly suggests that banks can drive trade creditors out of the market if they manage to solve the problem of information asymmetry and transaction cost.

• Korea Trade Review
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• v.44 no.6
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• pp.39-54
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• 2019

Trade finance promotes export performance, and every small- and medium-sized export business has the right to use policy finance. The credit line is also stipulated by relevant laws and regulations. However, trade finance has repeatedly been misused, so these matters can lead to substantial financial loss and damage to the related financial institutions. The lack of expertise of K-SURE and the backwardness of banks represent even bigger problems in the follow-up management. The existing trade finance system should be improved in the following ways from the institutional and legal perspectives. Firstly, follow-up management of beneficiary companies should be reinforced and systematized through examining business tendencies, financial status, and other important factors. There is also a need for advancement of following up management. An effective and streamlined financing system must be established by abolishing the Korea Trade Insurance Corporation. This study presents improvements and their implications by looking into the main issues under the current trade finance system. This study is based on documentary research and practical cases.

• Animal Bioscience
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• v.35 no.7
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• pp.949-954
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• 2022

Objective: The present study is aimed at phenotypic characterization and mitochondrial d-loop analysis of indigenous "Diara" buffalo population, which are mostly confined to the villages on the South and North Gangetic marshy plains in the Bihar state of India. These buffaloes are well adapted and are best suited for ploughing and puddling the wet fields meant for paddy cultivation. Methods: Biometric data on 172 buffaloes were collected using a standard flexible tape measure. Animals are medium in size; the typical morphometric features are long head with a broad forehead and moderately long and erect ears. Genomic DNA was isolated from unrelated animals. The mtDNA d-loop 358-bp sequence data was generated and compared with 338 sequences belonging to riverine and swamp buffaloes. Results: Based on the mitochondrial d-loop analysis the Diara buffaloes were grouped along with the haplotypes reported for riverine buffalo. Sequence analysis revealed the presence of 7 mitochondrial D loop haplotypes with haplotype diversity of 0.9643. Five of the haplotypes were shared with established swamp breeds and with Buffalo population of Orissa in India. Conclusion: Morphometric analyses clearly shows distinguishing features like long and broad forehead which may be useful in identification. The germplasm of Diara buffalo is much adapted to the marshy banks of river Ganga and its tributaries. It constitutes a valuable genetic resource which needs to be conserved on priority basis.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.3
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• pp.467-476
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• 2022

The Bank of Korea raised the benchmark interest rate by a quarter percentage point to 1.75 percent per year, and analysts predict that South Korea's policy rate will reach 2.00 percent by the end of calendar year 2022. Furthermore, because market volatility has been significantly increased by a variety of factors, including rising rates, inflation, and market volatility, many investors have struggled to meet their financial objectives or deliver returns. Banks and financial institutions are attempting to provide Robo-Advisors to manage client portfolios without human intervention in this situation. In this regard, determining the best hyper-parameter combination is becoming increasingly important. This study compares some activation functions of the Deep Deterministic Policy Gradient(DDPG) and Twin-delayed Deep Deterministic Policy Gradient (TD3) Algorithms to choose a sequence of actions that maximizes long-term reward. The DDPG and TD3 outperformed its benchmark index, according to the results. One reason for this is that we need to understand the action probabilities in order to choose an action and receive a reward, which we then compare to the state value to determine an advantage. As interest in machine learning has grown and research into deep reinforcement learning has become more active, finding an optimal hyper-parameter combination for DDPG and TD3 has become increasingly important.

• Korea Trade Review
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• v.45 no.5
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• pp.1-22
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• 2020

This study explores the role of relationship banking for the exports of SMEs (small and medium sized enterprises) in Korea. Using a sample of SMEs listed on the Korean stock markets between 2004 and 2018, I find that relationship banking has a positive impact on exporting behaviors of SMEs. This result indicates that relationship banking is suitable for SMEs to raise their funds in the export decision-making since the incentive for banks to obtain soft information enhances SMEs' access to external finance. In particular, through further analysis considering financial constraints, I find that the positive impact of relationship banking on exports is amplified for financially constrained SMEs. In addition, the positive impact on exports is also amplified for export starters. Finally, relationship banking provides benefits for SMEs' export decision-making regardless of the financial crisis. To sum up, relationship banking may be useful means of financing for Korean SMEs whose creditworthiness cannot be assessed only by hard information. As the role of finance in international trade has recently been highlighted, this study provides insightful evidence that relationship banking may enhance exports of SMEs as a source of trade finance.

• Journal of Information Technology Applications and Management
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• v.31 no.3
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• pp.71-92
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• 2024

This study investigates the contribution of customer knowledge to customer intention to adopt mobile banking by evaluating the interaction among knowledge, perceived risk and trust, and behavioral intentions. Analysis is conducted through structural equation modelling using SPSS and AMOS and data from 783 customers representing the seven largest banks in Vietnam. Our study is the first one to find the existence of the bidirectional perspective between objective and subjective knowledge. The study further shows that the attenuation effect in the heuristic-systematic model could be used to explain the stronger influence of objective knowledge on intention compered to subjective knowledge. Our findings suggest that customer knowledge, perceived risk and trust impact the intention of mobile banking users in different manners and to different degrees. Particularly, objective customer knowledge is the most influential predictor of mobile banking adoption. Having a greater understanding of these relationships can help firms in deciding the kind of intervention that is most likely to convince customers to adopt a service.

• Journal of The Korean Society of Agricultural Engineers
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• v.66 no.2
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• pp.53-62
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• 2024

This study assessed the efficiency of reducing soil erosion and suspended sediment through the restoration of alpine unauthorized and illegally cultivated fields, using the SWAT (Soil and Water Assessment Tool) model in the Mandae District. The results showed that in Scenario 5, which involved restoring unauthorized and illegal fields within forests, along rivers (banks), and in ditch areas were restored to their original land categories, achieved the highest efficiency in reducing average annual soil erosion and suspended sediment, with reductions of 8.1% and 4.5%, respectively. In particular, it was confirmed that the restoration of unauthorized and illegal fields within forested areas has a significant impact. This demonstrated that the restoration of unauthorized and illegal agricultural fields can substantially reduce the soil erosion and suspended sediment attributable to non-point source pollution. Our findings highlight the importance of managing these unauthorized and illegal agricultural activities in developing sustainable strategies within non-point source pollution management areas. This study is expected to provide important basic data to effectively establish water quality improvement strategies in the region of non-point source pollution management.

• The Korean Journal of Ecology
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• v.26 no.5
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• pp.255-261
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• 2003

To analyze ecological characteristics of the Ulmus pumila community, an on-the-spot survey was conducted in August, 1998 in the Dong River, Gangwon-do, South Korea. The Ulmus pumila community is partially distributed in Dong River's midstream and upper stream. Topographical characteristics of this community are significant in the point bar or sandbank of the river. The community is classified into two types, disturbed and non-disturbed types, by the effect of flooding. The Ulmus pumila community (bush forests of Siberian elms) is a representative community which forms riparian forests, but its distribution is rare in South Korea. Only in Dong River is the Ulmus pumila distributed enough to form a community, and none is known that is lager than this community in South Korea. The non-disturbance type progresses more homogeneously than the disturbance type because it is formed on riverside banks where it is affected less by flooding. We concluded that the Ulmus pumila community in this study area has characteristics of riparian forests. In South Korea, Ulmus pumila community can be regarded as important element of vegetation landscape constituting riparian forests. Specifically, these riparian forests are evaluated as high in conservation value due to their being formed spontaneously. Moreover, Dong River is regarded as the southern limit of Ulmus pumila, which has a northern origin. The species or community needs continuous interests and conservation countermeasures because there are limitations in its spread of distribution by natural or artificial efforts.

• Proceedings of the Korea Contents Association Conference
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• 2009.05a
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• pp.437-441
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• 2009

The modern times is as special as from the river, the river is very important of our life. The importance to preserve the river environment has been issued and the river developing method is being changed to use potential function of nature as well as flood control. Essential element of the river restoration is a vegetation. The flow resistance by vegetation along the river banks is greatly increase the flood stage. Therefore, the flow resistance due to vegetation in the river and roughness coefficient changes to understand the hydraulic characteristics is an important elements in the river restoration. The purpose of this study is to analyze the flood stage and the aspects of riverbed changes due to the corridor restoration with river vegetation. In order to simulate the flood stage and riverbed changes, HEC-RAS, RMA-2, and SED-2D model were applied for the upstream and downstream in study reaches, respectively.

• Proceedings of the Plant Resources Society of Korea Conference
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• 2018.10a
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• pp.100-100
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• 2018

Zoysia japonica Steud.(Zj) is a typical warm-season Korean lawn grass, which is used in many places such as river banks, roadside and soccer fields in Korea. Recently, it has also been used in school yards and the Saemangeum reclaimed land to reduce water pollution. Although the cultivated area of turfgrass is steadily increasing worldwide, it grows fast requiring frequent mowing and is difficult to grow in shady areas and the cold region. Therefore this study aims searching for useful gene(s) to develop abiotic stress tolerant and dwarf zoysiagrass. We isolated Ycf4 gene based on the sequence from Oryza sativa Japonica through RT-PCR and RACE PCR. Ultimately, open reading frame (ORF) of ZjYcf4 was 558bp long, encoding a protein of 186 amino acid residues. NCBI blast results showed that the ZjYcf4 protein is evolutionarily closely related to Ycf4 protein from Zoysia macrantha and Setaria italica (100% and 98%, respectively). To determine whether ZjYcf4 was involved in environmental stress in wild-type zoysiagrass, expression patterns of the gene were analyzed by real-time PCR under salt, cold and dark conditions. They were analyzed after each stress treatment for 3 hours. In salt and cold stresses, the expression was higher compared to control (3-fold and 1.5-fold, respectively), although there was a 1.6-fold decrease in expression under dark stress treatment. As reported previously, we suggest that ZjYcf4 gene affects abiotic stress such as salt, cold and dark.