• Atmosphere
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• v.34 no.2
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• pp.107-121
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• 2024

In this study, we empirically analyzed the impact of physical risks due to climate change on the soundness and operational performance of the financial industry by combining economics and climatology. Particularly, unlike previous studies, we employed the Seasonal-Trend decomposition using LOESS (STL) method to extract trends of climate-related risk variables and economic-financial variables, conducting a two-stage empirical analysis. In the first stage estimation, we found that the delinquency rate and the Bank for International Settlement (BIS) ratio of commercial banks have significant negative effects on the damage caused by natural disasters, frequency of heavy rainfall, average temperature, and number of typhoons. On the other hand, for insurance companies, the damage from natural disasters, frequency of heavy rainfall, frequency of heavy snowfall, and annual average temperature have significant negative effects on return on assets (ROA) and the risk-based capital ratio (RBC). In the second stage estimation, based on the first stage results, we predicted the soundness and operational performance indicators of commercial banks and insurance companies until 2035. According to the forecast results, the delinquency rate of commercial banks is expected to increase steadily until 2035 under assumption that recent years' trend continues until 2035. It indicates that banks' managerial risk can be seriously worsened from climate change. Also the BIS ratio is expected to decrease which also indicates weakening safety buffer against climate risks over time. Additionally, the ROA of insurance companies is expected to decrease, followed by an increase in the RBC, and then a subsequent decrease.

• Environmental and Resource Economics Review
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• v.3 no.2
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• pp.251-265
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• 1994

• Proceedings of the Korea Water Resources Association Conference
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• 2005.09b
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• pp.1419-1419
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• 2005

• Proceedings of the KSME Conference
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• 2001.06d
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• pp.246-251
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• 2001

Solid-liquid phase change (i.e. melting or solidification) occurs in a number of situations of practical interest. Some common examples include the melting of edible oil, metallurgical process such as casting and welding, and materials science applications such as crystal growth. Therefore, due to the practical importance of the subject, there have been a large number of experimental and numerical studies of problems involving phase change during the past few decades. Also, this study presented the effective way to enhance phase change heat transfer.

• Proceedings of the Korean Environmental Sciences Society Conference
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• 2016.10a
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• pp.153-153
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• 2016

• Proceedings of the KSME Conference
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• 2001.11b
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• pp.235-240
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• 2001

This study presents experimental work on phase change heat transfer, in order to increase heat transfer rate, ultrasonic vibrations were introduced. Solid-liquid phase change occurs in a number of situations of practical interest. This study reveal that ultrasonic vibrations accompany the effects like agitation, acoustic streaming, cavitation, and oscillating fluid motion. Such effects are a prime mechanism in the overall melting process when ultrasonic vibrations are applied. Some common examples include the melting of edible oil, metallurgical process such as casting and welding, and materials science applications such as crystal growth. Therefore, this study presented the effective way to enhance phase change heat transfer.

• Geosystem Engineering
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• v.21 no.6
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• pp.309-317
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• 2018

We employ a three-dimensional indirect boundary element method (BEM) to simulate temperature change around an underground liquefied natural gas storage cavern. The indirect BEM (IBEM) uses fictitious heat source strength on boundary elements as basic variables which are solved from equations of boundary conditions and then used to compute the temperature change at other points in the considered problem domain. The IBEM requires evaluation of singular integration for temperature change due to heat conduction from a constant heat source on a planar (triangular) region. The singularity can be eliminated by a semi-analytical integration scheme. However, it is found that the semi-analytical integration scheme yields sharp temperature gradient for points close to vertices of triangle. This affects the accuracy of heat flux, if they are evaluated by finite difference method at these points. This difficulty can be overcome by a combination of using a direct numerical integration for these points and the semi-analytical scheme for other points distance away from the vertices. The IBEM and the hybrid integration scheme have been verified with an analytic solution and then used to the application of the underground storage.

• The Korean Journal of Ecology
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• v.19 no.1
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• pp.1-7
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• 1996

The net primary productivity and potential natural vegetation in the Korean peninsula in the 21st century were estimated by the Miami model and thermal climate, respectively, based on 148 meteorological data sets. In the 21st century, the distribution range of the net primary produtivity in the Korean peninsula was estimated as 1,050 g $DM{\cdot}m^{-2}{\cdot}yr^{-1}~2,050g\;DM\cdot m^-2\cdot yr^{-1}.\; These\; values\; increased\; by\; 200g\; DM\cdot m^{-2}\cdot yr^{-1}\;on\;northern\;part\;and\;400g\; DM\cdot m^{-2}\cdot yr^{-1}$ on southern part compared with that of the present century. The potential natural vegetation in the Korean peninsula in the 21st century will change into the followings:coniferous forest on Mt. Paektu area, deciduous broadleaf forest on northern part, and evergreen broadleaf forset on southern part.

• The Korean Journal of Ecology
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• v.20 no.6
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• pp.439-450
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• 1997

The potential natural vegtation of the Pukhansan National Park area, mid-western Korea, was inferred from the actual vegetation. With the phytosociological classification and field surveys, the actual vegetation map of the park area was made on a scale of 1:25, 000, including fourteen communities. By the analyses of the species diversity, the age structure, the human interferences and various informations on vegetation changes, two pathways of late stage succession from Pinus densiflora forests to the climatic climax were suggested. One is from Quercus serrata forests to Q. mongolica forests throughout the mountain and the other, from Q. variabilis or Q. acutissima forests to Carpinus laxiflora forests in lower parts. Considering the vegetation changes, the potential natural vegetation of the park area mainly composed of Q. mongolica, C. laxiflora, P. densiflora and Zelkova serrata forest as the climatic and/or edaphic climax was inferred.

• Research in Mathematical Education
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• v.8 no.1
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• pp.31-37
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• 2004

This study explores the relations between mathematics and the natural human language. At the very outset, a general definition of language was, given while it was attempted to make some comparisons between the words of natural language and mathematical symbols at that. Besides, the occupation of natural language functions within mathematics was handled. Consequently, it was tried to manifest that the language of mathematics enjoys the features of natural language as well. Mathematics makes use of many functional and structural features. The fact that fundamental ingredient of mathematics is symbols does not change this reality.