• Journal of Digital Convergence
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• v.19 no.8
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• pp.161-171
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• 2021

According to the equity home bias theory, foreign investors are considered to have less information than native investors. However, as the economy becomes liberalized and overseas economic innovation has a great influence on the local economy, it is possible for foreign investors to invest as informed traders. This study analyzes whether information on trade amount by nationality has specific characteristics. The findings are summarized as follows. First, the increase in trading by foreign investors has negative effects on stock returns. There is no significant difference in these negative effects by nationality. This means that foreign investors show strong herd behavior regardless of nationality. Second, foreigners' investment activities increase stock price volatility, but the impact is not significant. Third, the behavior of foreign investors is still positive feedback. However, there are signs that positive feedback behavior may be changing, especially for funds from the United States and the Cayman Islands. Finally, tax haven zone funds have different investment strategies than other foreign investors. However, Cayman Islands funds, which are estimated to be closely related to Korea, are different from Luxembourg and Ireland funds. These findings undermine the fundamentals of the equity home bias theory.

• Journal of Korean Society of Forest Science
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• v.111 no.4
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• pp.557-566
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• 2022

This study aimed to obtain basic data on high-quality fruit production and efficient cultivation of persimmon cultivar "Godongsi". In the second year of pruning, the number of fruits per tree according to the number of fruit-bearing mother shoots (300, 400, 500, and 700 [control] treatments) was 676.3, 786.0, 866.7, and 1238.7, respectively. Persimmon cultivar "Godongsi" had a decrease in number of fruits per tree and increase in fruit weight as the pruning intensity increased. The average fruit weight in the 300 treatment group was 212.2 g, which was 1.5 times heavier than that in the control. For a high-quality dried persimmon processing, the rate of grade L fruits (170 g<ｘ≤200 g) and over according to the number of fruit-bearing mother shoots was 86.9%, 48.6%, 33.5%, and 8.1%, respectively. The fruit grade of the pruned treatment group was significantly higher than that of the control. Based on the selling price of dried persimmon, the production amount was significantly higher in the 300 treatment than that in the control. When there were many fruits per tree, there was a decrease in quality and increase in cost of harvesting and processing. In conclusion, pruning is essential to increase the fruit quality (fruit weight and grade) of persimmon cultivar "Godongsi". Moreover, the suitable number of fruit-bearing mother shoots was 300.

• The Journal of the Convergence on Culture Technology
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• v.8 no.6
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• pp.655-660
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• 2022

This paper analyzes the problem of the economic order quantity (lot size) of a retailer in a two-stage supply chain consisting of a supplier, a retailer(distributor), and a customer. In this two-stage supply chain, the supplier permits the retailer to defer payment for a certain fixed period of time for the purchase cost to be paid by the retailer as a price differentiation strategy with his competitor. In addition, in the case of customer goods such as food and grain, it is common to see that end-customer demand is generally depend on the level of inventory displayed by the retailer. From this perspective, this paper analyzes the inventory problem of retailers under the assumption that the supplier may allow a certain period to suspend payments for the purchase of goods and the end customer demand is a function of the retailer's inventory level increasing with size. In this regard, we need to analyze how much the length of the grace period for product purchase costs affect the retailer's lot-sizing policy. Therefore, we formulate the retailer's annual net profit and analyze the effect of the length of credit period on the retailer's inventory policy numerically.

• KOREAN JOURNAL OF CROP SCIENCE
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• v.27 no.3
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• pp.283-288
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• 1982

This experiment was carried out to improve the cultural practices of seedlings and to investigate the proper planting density in aromatic tobacco, Sohang. Two different cultural practices of seedling were employed; Temporary transplanting (TT; Conventional practices) and non temporary transplanting (N.T.). Vinyl pot sizes were $3.5cm{\times}3.5cm, \;4cm{\times}4cm$ and $5cm{\times}5cm$ Plants per hole were 1, 3, 5, 7 and 9. There were little difference among the vinyl pot sizes in all characters except the survival ratio. But it may be little problem on cultural practices by 7 plants per hole in $5cm\times$5cm vinyl pot. There were not significant in price per kg, yield per 10a and value per 10a between two cultural practices of seedlings and among three pot sizes. Mildness and filling power were increased by increasing the plants per hole. Combustibility of 5-9 plants were better than those of 1-3 plants per hole. The growing of 6 seedlings per hole in $5cm\times$5cm vinyl pot by non temporary transplanting resulted the best cultural practices for an aromatic tobacco, Sohyang.

• The Journal of the Korea institute of electronic communication sciences
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• v.18 no.1
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• pp.45-52
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• 2023

The power generation method using expensive diesel has operation problems such as high cost diesel generator and a lack of reserved power due to increase of power demand in some islands, requiring expansion of power generation facilities. To solve this problems, it is necessary to improve the efficiency of power generation facilities through an ORC(Organic Rankin Cycle) system application that uses waste heat as a heat source. Therefore, localized application technology of price competitive and highly reliable ORC power generation system is needed, and optimization technology of generators is having great effect, so this study performed two generator designs to get a high-efficiency generator with an optimized 30kW output. The comparison of simulation data for two designed models showed that a generator with SPM factor of 46.2% had an efficiency of 92.1% and a power ouput of about 23.2kW based on 12,000rpm, a generator with SPM factor of 44.46%, had a power output of 27.9kW and efficiency of 93.6% based on above rpm. For the verification of improved design model with SPM factor of 44.46%, the prototype test system with 110kW motor dynamometer was installed and got to the efficiency of 92.08% with conditions of the rated capacity 25kW at 12,000rpm, the test results of prototype generator showed the validity of generator design.

• Journal of the Korean Geotechnical Society
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• v.24 no.1
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• pp.111-118
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• 2008

In the study a 2 dimensional model test was executed to grasp the effect of the taking load of equipments on the ground when improving a soft ground like dredging reclaimed ground. The static load and the dynamic load in the consolidated model ground was $0.02kg/cm^2,\;0.03kg/cm^2\;and\;0.04kg/cm^2$ respectively. After consolidating far two months by consolidation load of $0.02kg/cm^2,\;0.03kg/cm^2\;and\;0.04kg/cm^2$ respectively, the ultimate bearing capacity was $0.16kg/cm^2,\;0.19kg/cm^2,\;0.24kg/cm^2$ respectively. And the energy price of dynamic load test at the same point as the settlement of static load test indicated $E=336{\sim}945kg{\cdot}cm,\;E=252{\sim}780kg{\cdot}cm\;and\;E=323{\sim}727kg{\cdot}cm$ for each consolidation load. When the static load and the dynamic load operated at the same ground condition, the heaving quantity was bigger in the case of the dynamic load than in the case of the static load, and the horizontal displacement quantity the in the case of dynamic load was exhibited very deficiently compared to the quantity in the case of static load test.

• Animal Bioscience
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• v.36 no.6
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• pp.929-942
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• 2023

Objective: This study was conducted to evaluate the effects of β-glucan with vitamin E supplementation on the growth performance, blood profiles, immune response, pork quality, pork flavor, and economic benefit in growing and finishing pigs. Methods: A total of 140 growing pigs ([Yorkshire×Landrace]×Duroc) were assigned to five treatments considering sex and initial body weight (BW) in 4 replications with 7 pigs per pen in a randomized complete block design. The experimental diets included a corn-soybean meal-based basal diet with or without 0.05% or 0.1% β-glucan and 0.02% vitamin E. The pigs were fed the diets for 12 weeks (phase I, 0 to 3; phase II, 3 to 6; phase III, 6 to 9; phase IV, 9 to 12). The BW and feed intake were measured at the end of each phase. Blood samples were collected at the end of each phase. Four pigs from each treatment were selected and slaughtered for meat quality. Economic benefit was calculated considering the total feed intake and feed price. Pork flavor was analyzed through inosine monophosphate analysis. Results: The average daily gain and feed efficiency were improved compared to the control when β-glucan or vitamin E was added. Supplementing 0.05% β-glucan significantly increased the lymphocyte concentration compared to the addition of 0.1% β-glucan and the content of vitamin E in the blood increased when 0.02% vitamin E was added. The treatment with 0.1% β-glucan and 0.02% vitamin E showed the most economic effect because it had the shortest days to market weight and the lowest total feed cost. The addition of β-glucan or vitamin E had a positive role in improving the flavor of pork when considering that the content of inosine monophosphate was increased. However, carcass traits and meat quality were not affected by β-glucan or vitamin E. Conclusion: The addition of 0.1% β-glucan with 0.02% vitamin E in growing and finishing pig diets showed great growth performance and economic effects by supplying vitamin E efficiently and by improving the health condition of pigs due to β-glucan.

• Knowledge Management Research
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• v.24 no.1
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• pp.31-49
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• 2023

TikTok, as a leading short video platform, has attracted many users, and the resulting attention generates immense business value as a platform to diffuse knowledge. As a qualitative and explorative approach, this study reviews the knowledge payment industry and discusses the influential factors of users' payment decisions regarding knowledge products on TikTok. By conducting in-depth interviews with ten participants and observing 95 knowledge providers' videos, we find that TikTok has significant business potential in the knowledge payment industry. By using the ATLAS. ti software to code the data collected from these interviews, this study finds that demander characteristics (personal needs), product characteristics (product quality), provider characteristics (the key opinion leader effect), and platform characteristics (platform management) are the four core categories that influence users' payment decisions regarding knowledge products on TikTok. A theoretical model consisting of the ten variables of emotional needs, professional needs, quality, price, helpfulness, value, charisma, user trust, service guarantee, and scarcity is proposed based on the grounded theory. The theoretical and practical implications of the study findings are also discussed.

• Korea Trade Review
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• v.43 no.3
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• pp.125-145
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• 2018

The Baltic Shipping Exchange is reporting the Baltic Dry Index (BDI) which represents the average charter rate for bulk carriers transporting major cargoes such as iron ore, coal, grain, and so on. And the current BDI index is reflected in the proportion of capesize 40%, panamax 30% and spramax 30%. Like mentioned above, the capesize plays a major role among the various sizes of bulk carriers and this study is to analyze the influence of the factors influencing on charter rate of capesize carriers which transport iron ore and coal as the major cargoes. For this purpose, this study verified causality between variables using Vector Error Correction Model (VECM) and tried to derive a long-run equilibrium model between the dependent variable and independent variables. Regression analysis showed that every six independent variable has a significant effect on the capesize charter rate, even at the 1% level of significance. Charter rate decreases by 0.08% when capesize total fleet increases by 1%, charter rate increases by 0.04% when bunker oil price increases by 1%, and charter rate decreases by 0.01% when Yen/Dollar rate increases by 1%. And charter rate increases by 0.02% when global GDP increases by one unit (1%). In addition, the increase in cargo volume of iron ore and coal which are major transportation items of capesize carriers has also been shown to increase charter rates. Charter rate increases by 0.11% in case of 1% increase in iron ore cargo volume, and 0.09% in case of 1% increase in coal cargo volume. Although there have been some studies to analyze the influence of factors affecting the charterage of bulk carriers in the past, there have been few studies on the analysis of specific size vessels. At present moment when ship size is getting bigger, this study carried out research on capesize vessels, which are biggest among bulk carriers, and whose utilization is continuously increasing. This study is also expected to contribute to the establishment of trade policies for specific cargoes such as iron ore and coal.

• Journal of Korea Entertainment Industry Association
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• v.13 no.5
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• pp.25-36
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• 2019

The purpose of this study was to investigate the effect of fast food intake, choice, and satisfaction on age among 311 people living in the metropolitan area. The frequency of fast food intake was high in the 20s and 30s, and those in the 40s and over 50s were low, showing a significant difference according to age. Costs for fast food purchases mainly ranged from 5,000 won to 7,000 won. Major sources of information on choosing fast food were mainly from friends and the internet in 20s, and mass media from over 30s. Thirty-nine percent of subjects responded that their dietary habits changed after fast food intake, and the most changes was to like spicy food, followed by eating-out times increased. The factors affecting the choice of fast food were mainly easy to eat, followed by time was not influenced and taste, and taste showed significant difference according to age. Among the subjects who were worried about fast food, 30s showed mainly increase in body weight and over 50s had health problem, and a significant difference was observed according to age. For the improvements in fast food intake, subjects answered in nutrition, hygiene and price in order. Fast food brands, services, menus were the most satisfied in 30s, and 40s were the most unsatisfied, and there was a significant difference. In conclusion, the frequency of fast food intake was higher in young people, and the choice of fast food and satisfaction appeared to be significantly influenced by age. Therefore, data are required to recognize and practice a balanced diet by activating studies on the fast food intake of middle-aged and elderly people and understanding consumer changes.