• Korean Business Review
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• v.11
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• pp.217-239
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• 1998

The intial public offerings(IPO) issued by going public must be decided duly and seriously. In these sense, this paper reviewed and analysed synthetically the theories and the empirical studies on the IPO. The implications about the empirical studies on the IPO in korea stock exchanges(KSE) are as follows: First, evaluating the IPO's intrinsic value, the issued firm's characteristics(style, scale, age, reevaluation and goodwill etc.) and business environments(industry, economic states, regulations and the relation with government etc.) will be considered. Evaluating the IPO's relative value, the stock price of firms registered in KOSDAQ market will be appreciated. Second, the income smoothing of an IPO listed in KSE accrued in the first and second years. Accordingly if auditors audit the accounting reports of firms to list in KSE by going public, they should more concern to the income smoothing on the accounting reports. Third, the information accuracy of investment banks and the qualities of auditors negatively correlated with the underpricing of an IPO. It is need to promote the information accuracy of investment banks and the qualities of auditors. Regulatory organizations support to promote the information accuracy of investment banks and the qualities of auditors. Forth, the investors interested in the IPO are to recognize the follows. (1) Relations between the underpricing of an IPO and the ratio of public participation, the issue price, the offer size, the insider ownership, the net asset value per share, the price decision system of an IPO. (2) An entrepreneurs who decided to bring his firm public would like to issue the IPO when company's operating conditions are good.

• Journal of the Institute of Electronics Engineers of Korea SP
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• v.39 no.5
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• pp.544-555
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• 2002

The aim of this study is to develop the $^1H$-MRS data postprocessing software for both single-voxel and multi-voxel technique, which plays and important role as a diagnostic tool in clinical field. This software is based on graphical user interface(GUI) under windows operating system of personal computer(PC). In case of single-voxel MRS, both of raw data in time-domain and spectrum data in frequency-domain are simultaneously displayed in a screen. Several functions such as DC correction, zero filling, line broadening, Lorentz-Gauss filtering and phase correction, etc. are included to increase the quality of spectrum data. In case of multi-voxel analysis, spectroscopic image reconstructed by 3-D FFT was displayed as a spectral grid and overlapped over previously obtained T1- or T2-weighted image for the spectra to be spatially registered with the image. The analysis of MRS peaks were performed by obtaining the ratio of peak area. In single-voxel method, statistically processed peak-area ratios of MRS data obtained from normal human brain are presented. Using multi-voxel method, MR spectroscopic image and metabolite image acquired from brain tumor are demonstrated.

• Journal of Environmental Health Sciences
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• v.30 no.3
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• pp.245-252
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• 2004

Two biofilter tests were conducted under different operating conditions. Test # 1 was performed to treat VOCs generated from a paint booth. The second test was performed to treat VOCs generated from chemical manufacturing processes. The volume of biofilter media was 4.3 $m^3$. For the test # 1, the biofilter was operated for 30 days with 99.9% reduction ratio. Range of temperature of each stage of the biofilter media was measured between $34^{\circ}C$ and $73^{\circ}C$. All the temperatures of stages reduced gradually after the initial dramatic increase. For the test # 2, the biofilter experiment was conducted for 14 days. In this case, the biofilter was installed outdoor and the experiment was performed during wintertime. Therefore, temperature management for the biofilter was needed. Seven-centimeter thick fiberglass insulation and $150^{\circ}C$ steam heating were used to overcome the outside freezing cold weather during test # 2. Temperature of stage # 5 was measured the highest and that of stage # 1 was the lowest. More acclimation time and test period was needed to determine the maximum loading rate.

• Journal of the Korean Geotechnical Society
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• v.29 no.5
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• pp.29-38
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• 2013

The G-class cement is commonly used in practice for geothermal well cementing in order to protect a steel casing that is designed to transport hot water/steam from deep subsurface to ground surface during operating a geothermal power plant. In order to maintain optimal performance of geothermal wells, physical properties of the cementing material should be satisfactory. In this paper, relevant factors (i.e., groutability, uniaxial compression strength, thermal conductivity and free fluid content) of the G-class cement were experimentally examined with consideration of various water-cement (w/c) ratios. Important findings through the experiments herein are as follows. (1) Groutability of the G-class cement increases by adding a small dose of retarder. (2) There would be a structural defect caused when the w/c ratio is kept higher in order to secure groutability. (3) Thermal conductivity of the G-class cement is small enough to prevent heat loss from hot steam or water to the outer ground formation during generating electricity. (4) The G-class cement does not form free water channel in cementing a geothermal well. (5) The Phenolphthalein indicator is applicable to the distinction of the G-class cement from the drilling mud.

• Korean Chemical Engineering Research
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• v.53 no.3
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• pp.295-301
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• 2015

A theoretical analysis was carried out to examine the concentration behavior of methane from a biogas using a polysulfone membrane. After the governing equations were derived for the cocurrent flow mode in a membrane module, the coupled nonlinear differential equations were numerically solved with the Compaq Visual Fortran 6.6 software. At the typical operating condition of mole fraction of 0.7 in a feed stream, the mole fraction of methane in the retentate increased to 0.76 while the normalized retentate flow rate to the feed flow rate decreased from 1 to 0.79. When either the mole fraction of methane in a feed increased or the pressure of the feed stream increased, the methane mole fraction in the retentate increased. On the other hand, it was found that as either the membrane area decreased or the ratio of the permeate pressure to the feed pressure increased, the methane mole fraction in the retentate decreased. In case that the stage cut increased, the methane mole fraction in the retentate increased while the recovery of methane slightly decreased.

• KSBB Journal
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• v.11 no.6
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• pp.663-668
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• 1996

In the production of recombinant protein using E. coli, phage lysogen system can be usefully applied for simultaneously achieving protein production at high cell concentration and recovery by cell disruption in the same bioreactor. A major drawback of this system is that the intracellular product and complex broth components are mixed together in culture broth and hence purification efficiency is reduced. With the E. coli double-lysogen system, the expanded bed adsorption is very useful because the pretreatment processes in a routine bioseparation process can be done in a single column operation, and therefore may contribute towards lowering the operating cost of overall recovery/purification process. In the operation of EBA, it has been observed that the change in broth feed volume does not influence much the protein recovery in a tested range. The amount of protein adsorption per mL of resin was increased from $3.44{\times}106unit to 5.28{\times}106unit$ by doubling the column length. By two-fold increase of the column diameter, the ratio of protein concentration in eluent to that in feed was increased from 0.8 to 2.1. It is concluded from the present investigation that the increase of column length and diameter is necessary to enhance the protein adsorption amount per volume of resin and protein concentration in the eluent. The development of resins with various physical properties will be necessary for more extensive application of EBA.

• Korean Journal of Agricultural Science
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• v.14 no.1
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• pp.81-97
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• 1987

Two nozzles with different size (Figure 2) were particularly designed to supply air through the swirl core into the central part of the liquid stream in the same parallel direction to produce a well-mixed air and water in the whirl chamber as spray liquid in bubble formation. Atomization was attempted to improve by using both the preliminary break-up process with less viscosity and less surface tension in the whirl chamber and the effects of increased frequency of the band of drops with the raised ambient air density in front of the nozzle orifice. The volumetric ratio between spray liquid and air on four levels was used to investigate the effects of air as a component of the mixture on atomization. The results of the experiment were summarized as follows; Droplet size became progressively finer as the operating pressure was increased in the range of $0.70kg/cm^2$ to $6.33kg/cm^2$, which was similar to the previous works. The new atomizing mechanism so-called 'air-center nozzle' gave a narrower range in droplet size distribution with smaller volumetric median diameter (VMD) than that of the existing spray system at a given pressure, which showed the possibility of improvement of atomization in a certain limit. The volumetric median diameter produced by the new atomizing mechanism was decreased from the central region toward the exterior edges across the spray pattern.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.3
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• pp.129-138
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• 2014

After global economic crisis, China has become one of the two pillars in the global economies and the country contributing to the Korean economy. Nevertheless, the research on Chinese financial market, particularly capital market, is rare to date. This study examined the growth enterprise market that emergedat the Shenzhen stock exchange and made comparative analysis on before and after listing for the Chinese small and medium sized firms and venture firms. The listing requirements at the Chinese growth enterprise market for the technologically innovative venture firms and fast-growing small and medium sized firms with financing purpose were more alleviated than the main board of Shenzhen stock exchange. Moreover, the listing procedures are simplified as well. Accordingly, many Chinese enterprises tend to list and the competition for listing is also intense. In particular, with the 36 initially listed firms at growth enterprise market as the research target, the investigation for the business performance before and after listing reveals that the three indexes including return on common equity, debt ratio and operating profit growth rate dropped dramatically for most all the firms. That is, the profitability and growth for the venture firms and small and medium sized firms listed on the Chinese growth enterprise market decreased rapidly after going public, only the stability improved due to the great financing. Taking a step forward, this phenomenon may result from the exaggerated reporting for the business performance before listing with the purpose of going public by the venture firms and small and medium sized firms. Thus, Chinese Securities Regulatory Commission should strengthen the accounting evaluation standard and regulation for the listing firms before going public. In addition, strict sanctions should be imposed on the firms with fraudulent accounting to establish healthy capital market.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.8 no.3
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• pp.205-215
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• 2013

Job creations through doing star-ups is the biggest issues for almost nations. This study explores the entrepreneurial university's rule for making job creations based on Smart specialization and entrepreneurial university perspectives. In order to the aims, this study reviews the previous literatures and examines the some Israel universities, which is Technion University, Hebrew university as well as government support policies. Technion University and Hebrew university have own technology transfer institutions composed of experts for technology transfer and doing start-ups by using technologies. Each institutions have own characteristics regarding technology transfer and doing start-ups. T3, which is technology transfer institution of Technion University facilitates the start-up by step-by-step supporting mechanism. T3 has been operating EIR which has focused on business and marketing. Yissum, which is technology transfer institution of Hebrew university has board members. they have crucial roles to success the start ups. they can reconciliate the conflicts between university and Yissum. Also they can participate the business activities as mentors. Start-up money will be supported for even sprout state technology if their technologies are a promising business. Risk sharing between universities and start-ups influences on the increase of success ratio in Israel when comparing to that of Korea.

• Journal of Digital Convergence
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• v.15 no.2
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• pp.475-483
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• 2017

Based on the operating system of the advanced school athletic clubs operated to attempt a new paradigm of athletic culture in the field of school athletics, this study aimed to conduct an in-depth analysis of the student athletes' academic level and seek a solution for the stream of the times and integrated change based on a relative minimum academic achievement standard applied by this system. For Analyzing the difference in academic grades between subjects to which the minimum academic achievement standard by the event is applied, one-way ANOVA and MANOVA were used. First, the grade point average (GPA) of the student athletes by the event did not reach the GPA of most general students. Second, it was predicted that in applying a standard, relative to the general students, as academic grades increased, the probability in which the student athletes do not reach the minimum academic achievement standard would increase. Third, it turned out that, even in the phased application of the current minimum academic achievement standard to the GPA of the student athletes by the event, the ratio of the attainment of the minimum academic achievement was similar.