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A Study on the Use of the SAFE and its Additional Risk Rate (조건부지분인수 방식 활용의 추가적 위험률 분석)

  • Kim, Sang-sin;Park, Jin;Chae, Su-bok
    • Journal of Venture Innovation
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    • v.7 no.2
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    • pp.125-141
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    • 2024
  • This study is conducted to review issues related to the use of the Simple Agreement for Future Equity(SAFE), which has been introduced as one of the venture investment methods in Korea since 2020, and to suggest policy implications for facilitating the utilization of this investment method. With the recent rapid decline in venture investment, private venture investment associations little use the SAFE in recent years. However, after adopting the SAFE, Korean's SAFE have been utilized mainly by policy financial institutions, and it is evaluated that the system has been revitalized to some extent, with some private venture investment associations also utilizing the SAFE. The results of comparing the SAFE with other equity investment contracts, the additional risk rate related to the failure of follow-up investment is estimated to be approximately 1.8%p. This shows that the additional risk is not greater than the advantages of the SAFE. In other words, it can be judged at a level where it is possible to offset advantages of the SAFE that investors must bear with the additional risks, which shows that there are less burden in terms of using the SAFE. In light of the fact that the venture investment ecosystem can become more active as various venture investment methods are developed and utilized, it is necessary to actively utilize the SAFE method to support start-up companies.

Effects of diets for three growing stages by rumen inocula donors on in vitro rumen fermentation and microbiome

  • Ryukseok Kang;Huseong Lee;Hyeonsu Seon;Cheolju Park;Jaeyong Song;Joong Kook Park;Yong Kwan Kim;Minseok Kim;Tansol Park
    • Journal of Animal Science and Technology
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    • v.66 no.3
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    • pp.523-542
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    • 2024
  • Hanwoo and Jeju Black cattle (Jeju Black) are native breeds of Korean cattle. Jeju Black cattle are recognized as natural monuments and are known to exhibit slower growth rates compared to Hanwoo. While several studies have analyzed the genetic characteristics of these cattle, there has been limited research on the differences in their microbiome. In this study, rumen fluid was obtained from three Hanwoo steers and three Jeju Black steers, and three different diets (total mixed rations [TMRs] for growing, early fattening, and late fattening periods) were used as substrates for in vitro fermentation. The in vitro incubation was conducted for 3 h and 24 h following a 2 × 3 factorial arrangement. After both incubation periods, fermentation characteristics were analyzed, and ruminal microbiome analysis was performed using 16S rRNA gene sequencing, employing both QIIME2 and PICRUSt2. The results revealed significant differences in the ruminal microbiota due to the inoculum effect. At the phylum level, Patescibacteria and Synergistota were found to be enriched in the Jeju Black inoculum-treated group. Additionally, using different inocula also affected the relative abundance of major taxa, including Ruminococcus, Pseudoramibacter, Ruminococcaceae CAG-352, and the [Eubacterium] ruminantium group. These microbial differences induced by the inoculum may have originated from varying levels of domestication between the two subspecies of donor animals, which mainly influenced the fermentation and microbiome features in the early incubation stages, although this was only partially offset afterward. Furthermore, predicted commission numbers of microbial enzymes, some of which are involved in the biosynthesis of secondary metabolites, fatty acids, and alpha amylase, differed based on the inoculum effect. However, these differences may account for only a small proportion of the overall metabolic pathway. Conversely, diets were found to affect protein biosynthesis and its related metabolism, which showed differential abundance in the growing diet and were potentially linked to the growth-promoting effects in beef cattle during the growing period. In conclusion, this study demonstrated that using different inocula significantly affected in vitro fermentation characteristics and microbiome features, mainly in the early stages of incubation, with some effects persisting up to 24 h of incubation.

Review of No Net Loss(NLL) of Wetland and Suggestion of Appropriate NLL in Korea (내륙습지 총량관리제도의 고찰 및 도입 방안 제안)

  • Yujin Kang;Junhyeong Lee;Taewoo Lee;Duckgil Kim;Jaeseung Seo;Soojun Kim;Hung Soo Kim
    • Journal of Wetlands Research
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    • v.26 no.3
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    • pp.227-235
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    • 2024
  • Inland wetlands provide important ecosystem services or functions, including biodiversity conservation, water purification, flood control, and carbon sequestration. However, many inland wetlands are being degraded by urbanization and industrialization, raising the need for conservation and restoration. This study proposes the adoption of No Net Loss(NLL) of Wetland for wetland conservation and restoration in Korea by the review of the literatures. To this end,, we analyzed the wetland conservation and management systems of the United States, Canada, Germany, Japan, and Australia, and identified institutional features and success factors of each country, and sought ways to adapt them to domestic conditions of Korea. The case of the United States highlights the importance of legal frameworks and public-private collaboration, Canada demonstrates systematic management approaches, Germany maintains a balance between development and conservation, Japan underscores the need for cooperative conservation efforts, and Australia emphasizes the efficiency of offset markets. The introduction and operation of these schemes are expected to contribute to climate change mitigation, biodiversity conservation, and water quality improvement, but ongoing research and policy efforts are needed to ensure that the schemes are well established.

The mediating effect of teacher support and the moderating effect of growth mindset in the impact of academic burnout on academic self-efficacy in Chinese college students (중국 대학생의 학업소진이 학업적 자기효능감에 미치는 영향에서 교사지지의 매개효과와 성장 마인드셋의 조절효과)

  • Meiping Wu
    • Industry Promotion Research
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    • v.9 no.3
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    • pp.285-294
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    • 2024
  • This study aims to provide basic data for improving academic self-efficacy by identifying the mediating effect of teacher support and the moderating effect of growth mindset in the impact of academic burnout on academic self-efficacy. The subjects of the survey were 300 college students majoring in stomatology and stomatology technology in Guangzhou Medical College who were intentionally sampled from a university in Guangdong, China. Data was collected using an online questionnaire. Data analysis was performed using SPSS PC+ Win. ver. 25.0 and SPSS PROCESS macro ver. 4.2. The statistical techniques used were descriptive statistics, reliability analysis, correlation analysis, and indirect effect and conditional direct effect analysis. The research results are as follows. First, academic burnout showed a significant negative correlation with teacher support, growth mindset, and academic self-efficacy. Teacher support showed a significant positive correlation with growth mindset and academic self-efficacy. Second, in the relationship between academic burnout and academic self-efficacy, teacher support played a mediating role, and growth mindset played a moderating role. To improve academic self-efficacy, this study proposed ways to utilize teacher support to offset and growth mindset to buffer the impact of academic burnout on academic self-efficacy.

A Study about Development of Environment Printing Technology and $CO_2$ (환경 인쇄 기술의 발전과 인쇄물의 $CO_2$ 발생량에 관한 연구)

  • Lee, Mun-Hag
    • Journal of the Korean Graphic Arts Communication Society
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    • v.30 no.3
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    • pp.89-114
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    • 2012
  • For as to world, the concern about the environment problem is enhanced than any other time in the past because of being 21 century. And the environment problem is highlighted as the world-wide issue. The time of the environment problem intimidates the alive of the mankind and presence of an earth over the time. It becomes the essentiality not being selection in the personal living or the economical viewpoint now to prepare for the climatic modification. As to the company management, the green growth period which it excludes the environment management considering an environment, cannot carry on the company the continued management comes. That is, in the change center of the management paradigm, there is the environment management. Nearly, the greenhouse gas which the publication industry is the environmental toxic material like all industries is generated. The greenhouse gas is ejected in the process of running the manufacturing process and print shop of the various kinds material used as the raw material of the book. Particularly, the tree felling for getting the material of the paper is known to reach the direct influence on the global warming. This study does according to an object it considers and organizes the environment parameter based on this kind of fact as to the publication industry. And it is determined as the reference which is used as the basic materials preparing the case that carbon exhaust right transaction(CAP and TRADE) drawing are enforced in all industries and is sustainable the management of the publication industry and reduces the environmental risk among the company many risk management elements and plans and enforces the publication related policy that there is a value. In the printing publication industry, this study tried to inquire into elements discharging the environmental pollutant or the greenhouse gas. Additionally, in the printed publication production process, it tried to inquire into the effort for an environment-friendly and necessity at the printing paper and the printers ink, regarded as the element discharging the greenhouse gas all kinds of the printing materials, operation of the print shop and all kinds of the machines and recycle process, and etc. These considerations make these industrial field employees aware of the significance about a conservation and environmental protection. They try to give a help in the subsequent study producing quantitatively each environmental parameter emission of green house gas. This makes the calculation of the relative $CO_2$ output reproached ultimately possible. Meanwhile, in a sense, many research protects and improving an environment in connection with the contents of research at the printing publication industrial field is in progress. There will be the voluntary human face that it has to protect an environment but this can not do by the outside factor according to all kinds of environment related law and regulation. Anyway, because of acting on company management as the factor of oppression, the increase of this environment-related correspondence cost could know that the research that the environment loading relates with a procurement and development, environment management system introduction, quality control standard, including, normalizing including a material, and etc. through the part of the effort to reduce the cost low was actively in progress. As to the green growth era, as follows, this paper prescribed the subject and alternative of the print publication industry. It is surrounded by the firstly new digital environment and the generation of the subject. And secondly the printing industry is caused by the point of time when the green growth leaves by the topic which is largest in the global industry and it increases. The printing publication industry has to prepare the bridgehead for the environment-friendly green growth as the alternative for this resolution with first. The support blown in each industry becomes the obligation not being selection. Prestek in which the print publishing was exposed to spend many energies and which is known as the practice of the sustainable print publishing insisted that it mentioned importance of the green printing through the white pages in 2008 and a company had to be the green growth comprised through the environment-friendly activity. The core management for the sustainable printing publication industry presented from Presstack white pages is compacted to 4 words that it is a remove, reduce, recover, and recycle. Second, positively the digital printing(POD) system should be utilized. In the worldwide print out market, the digital printing area stops at the level of 10% or so but the change over and growth of the market of an analog-to-digital will increase rapidly in the future. As to the CEO Jeff Hayes of the Infoland, the offset print referred to that it of the traditional method got old and infirm with the minor phase of the new printing application like the customer to be wanted publication and the print of the digital method led the market. In conclusion, print publishers have to grasp well the market flow in the situation where a digitalization cannot be generalized and a support cannot avoid. And it keeps pace with the flow of the digital age and the recognition about the effort for the development and environment problem have to be raised. Particularly, the active green strategy is employed for the active green strategy.

A 1280-RGB $\times$ 800-Dot Driver based on 1:12 MUX for 16M-Color LTPS TFT-LCD Displays (16M-Color LTPS TFT-LCD 디스플레이 응용을 위한 1:12 MUX 기반의 1280-RGB $\times$ 800-Dot 드라이버)

  • Kim, Cha-Dong;Han, Jae-Yeol;Kim, Yong-Woo;Song, Nam-Jin;Ha, Min-Woo;Lee, Seung-Hoon
    • Journal of the Institute of Electronics Engineers of Korea SD
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    • v.46 no.1
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    • pp.98-106
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    • 2009
  • This work proposes a 1280-RGB $\times$ 800-Dot 70.78mW 0.l3um CMOS LCD driver IC (LDI) for high-performance 16M-color low temperature poly silicon (LTPS) thin film transistor liquid crystal display (TFT-LCD) systems such as ultra mobile PC (UMPC) and mobile applications simultaneously requiring high resolution, low power, and small size at high speed. The proposed LDI optimizes power consumption and chip area at high resolution based on a resistor-string based architecture. The single column driver employing a 1:12 MUX architecture drives 12 channels simultaneously to minimize chip area. The implemented class-AB amplifier achieves a rail-to-rail operation with high gain and low power while minimizing the effect of offset and output deviations for high definition. The supply- and temperature-insensitive current reference is implemented on chip with a small number of MOS transistors. A slew enhancement technique applicable to next-generation source drivers, not implemented on this prototype chip, is proposed to reduce power consumption further. The prototype LDI implemented in a 0.13um CMOS technology demonstrates a measured settling time of source driver amplifiers within 1.016us and 1.072us during high-to-low and low-to-high transitions, respectively. The output voltage of source drivers shows a maximum deviation of 11mV. The LDI with an active die area of $12,203um{\times}1500um$ consumes 70.78mW at 1.5V/5.5V.

Estimation and Mapping of Methane Emissions from Rice Paddies in Korea: Analysis of Regional Differences and Characteristics (전국 논에서 발생하는 메탄 배출량의 산정 및 지도화: 지역 격차 및 특성 분석)

  • Choi, Sung-Won;Kim, Joon;Kang, Minseok;Lee, Seung Hoon;Kang, Namgoo;Shim, Kyo-Moon
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.20 no.1
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    • pp.88-100
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    • 2018
  • Methane emissions from rice paddies are the largest source of greenhouse gases in the agricultural sector, but there are significant regional differences depending on the surrounding conditions and cultivation practices. To visualize these differences and to analyze their causes and characteristics, the methane emissions from each administrative district in South Korea were calculated according to the IPCC guidelines using the data from the 2010 Agriculture, Forestry and Fisheries Census, and then the results were mapped by using the ArcGIS. The nationwide average of methane emissions per unit area was $380{\pm}74kg\;CH_4\;ha^{-1}\;yr^{-1}$. The western region showed a trend toward higher values than the eastern region. One of the major causes resulting in such regional differences was the $SF_o$ (scaling factor associated with the application of organic matter), where the number of cultivation days played an important role to either offset or deepen the differences. Comparison of our results against the actual methane emissions data observed by eddy covariance flux measurement in the three KoFlux rice paddy sites in Gimje, Haenam and Cheorwon showed some differences but encouraging results with a difference of 10 % or less depending on the sites and years. Using the updated GWP (global warming potential) value of 28, the national total methane emission in 2010 was estimated to be $8,742,000tons\;CO_2eq$ - 13% lower than that of the National Greenhouse Gas Inventory Report (i.e., $10,048,000tons\;CO_2eq$). The administrative districts-based map of methane emissions developed in this study can help identify the regional differences, and the analysis of their key controlling factors will provide important scientific basis for the practical policy makings for methane mitigation.

Aerosol Light Absorption and Scattering Coefficient Measurements with a Photoacoustic and Nephelometric Spectrometer (광음향 및 네펠로미터 방식을 이용한 에어로졸 흡수 및 산란계수 측정)

  • Kim, Ji-Hyoung;Kim, Sang-Woo;Heo, Junghwa;Nam, Jihyun;Kim, Man-Hae;Yu, Yung-Suk;Lim, Han-Chul;Lee, Chulkyu;Heo, Bok-Haeng;Yoon, Soon-Chang
    • Atmosphere
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    • v.25 no.1
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    • pp.185-191
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    • 2015
  • Ambient measurements of aerosol light absorption (${\sigma}_a$) and scattering coefficients (${\sigma}_s$) were done at Gosan climate observatory during summer 2008 using a 3-wavelength photoacoustic soot spectrometer (PASS). PASS was deployed photoacoustic method for light absorption and integrated nephelometry for light scattering measurements. The ${\sigma}_a$ and ${\sigma}_s$ from PASS were compared with those from co-located aethalometer and nephelometer measurements. The aethalometer measurements of ${\sigma}_a$ correlated reasonably well with photoacoustic measurements, but the slope of the linear fitting line indicated the PASS measurement values of ${\sigma}_a$ were larger by a factor of 1.53. The nephelometer measurement values of ${\sigma}_s$ correlated very well with PASS measurements of ${\sigma}_s$, with a slope of 1.12 and a small offset. Comparing to the aethalometer measurements, the photoacoustic measurements of ${\sigma}_a$ didn't exhibit a significant (i.e., the ratio between aethalometer and PASS increased) change with increasing relative humidity (RH). The ratio of ${\sigma}_s$ between nephelometer and PASS increased with increasing RH, especially when the RH increased beyond 80%. This apparent increase in ${\sigma}_s$ with RH may be due to the contribution of hygroscopic growth of aerosols.

Strategic Antitrust Policy Promoting Mergers to Enhance Domestic Competitiveness (기업결합규제(企業結合規制)와 국제경쟁력(國際競爭力))

  • Seong, So-mi
    • KDI Journal of Economic Policy
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    • v.12 no.3
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    • pp.153-172
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    • 1990
  • The present paper investigates the potential value of strategic antitrust policy in an oligopolistic international market. The market is characterized by a non-cooperative Cournot-Nash equilibrium and by asymmetry in costs among firms in the world market. The model is useful for two reasons. First, it is important in the context of policy-making to examine the conditions under which it may be beneficial to relax antitrust law to enhance competitiveness. Second, the explicit derivation of the level of cost-saving required for a gain in total domestic surplus provides an empirical rule for excluding industries that do not satisfy the requirements for a socially beneficial antitrust exemption. Results of the analysis include a criterion that tells how the cost-saving and concentration effects of a merger offset each other. The criterion is derived from fairly general assumptions on demand functions and is simple enough to be applied as a part of the merger guidelines. Another interesting policy implication of our analysis is that promoting mergers would not be a beneficial strategy in a net importing industry where cost-saving opportunities are thin. Cost-saving domestic mergers are more likely to increase national welfare in exporting industries. The best candidate industries for application of strategic antitrust policy are those with the following characteristics: (i) a large potential for efficiency enhancement; (ii) high market concentration at the world but not the domestic level; (iii) a high ratio of exports to imports. Recently, many policymakers and economists in Korea have also come to believe that the appropriate antitrust policy in an era of increased foreign competition may actually be to encourage rather than to prohibit domestic mergers. The Industry Development Act of 1986 and the proposed bill for Mergers and Conversions in the Financial Industry of 1990 reflect this changing perspective on antitrust policy. Antitrust laws may burden domestic firms in the sense that they have a more constrained strategy set. Expenditures to avoid antitrust attacks could also increase costs for domestic firms. But there is no clear evidence that the impact of antitrust policy is significant enough to harm the competitiveness of domestic firms. As a matter of fact, it is necessary for domestic financial institutions to become large in scale in this era of globalization. However, the absence of empirical evidence for efficiency enhancement from mergers suggests caution in the relaxation of antitrust standards.

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Property of tow Shrinkage High Performance Concrete depending on Mixture Proportions and Material Characteristics (배합 및 재료요인에 따른 저수축 고성능 콘크리트의 품질 특성)

  • Han Cheon-Goo;Kim Sung-Wook;Koh Kyoung-Taek;Han Mu-Cheol
    • Journal of the Korea Concrete Institute
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    • v.16 no.6 s.84
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    • pp.805-811
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    • 2004
  • In this paper, effects of mixture proportion and material condition on both fundamental properties, drying and autogenous shrinkage of high performance concrete are discussed. According to the results, for the effect of mixture proportion on the fundamental properties, decrease in W/B and unit water content results in reduction of fluidity, while air content has no variation. Compressive strength exhibits an decreasing tendency with an increase in W/B and unit water content do not remarkable affect the compressive strength. For the effect of materials on the fluidity, the fluidity of low heat portland cement(LPC) is smaller than that of ordinary portland cement(OPC). The use of Polycarbonic acid based superplasticizer(PS) has more favorable effect on enhancing fluidity than Naphtalene based superplasticlzer(NS) and Melamine based superplasticizer(MS). Air content of concrete using LPC is larger than that using OPC. The effects of superplasticizer type on the air content is larger in order of MS, PS and NS. The use of LPC exhibited lower strength development at early age than OPC, whereas after 91days, similar level of compressive strength is achieved regardless of cement type. Compressive strength of concrete is not affected by SP type. For the effect of mixture proportion and materials on drying and autogenous shrinkage, an increase in W/B results in reduction of drying shrinkage and an decrease in water content leads to reduce drying shrinkage. Autogenous shrinkage is not observed until 49 days with the concrete mixture with $35\%$ of W/B and $145 kg/m^3$ of water content. This is due to the combination effects of expansion admixture and shrinkage reducing admixture, which causes an offset of autogenous shrinkage. The use of LPC results in a reduction in autogenous shrinkage compared with OPC. SP type has little influence on the autogenous shrinkage. It is found from the results that mixture proportioning of high performance concrete incorporating fly ash, silica fume, expansion admixture and shrinkage reducing admixture is need to focus on the increase in W/B and the reduction in water content and the use of LPC and MS is also required to use to secure the stability against shrinkage properties.