• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.55
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• pp.185-208
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• 2012

Before and after the Capital Market Integration Act in 2007 is implemented in South Korea, many of small-and mid sized exporting companies in South Korea has been bankrupted or filed for lawsuit claiming mis-selling(KIKO) by the banks. The basic economic structure of KIKO in Korea are part of a business model based on the use or misuse of exotic derivatives whose results are anything but imaginary. 571 mid sized exporting companies have been damaged about $28 billion. KIKO is a currency option product that sells foreign currencies at higher foreign exchange rate when the rate moves within a certain range, but sells foreign currencies at two or three times lower rate than the market price when the rate exceeds the designated upper limit. KIKO, Therefore, is hard to know whether the non financial firms intended to hedge against further strengthening of their currency or merely to speculate. It is also hard to know how thoroughly they understood the risk-return profile of these transactions. It is similarly hard to ascertain whether the derivatives dealers offering these transactions were meeting the demands of their clients or taking advantage of them. These exotic derivatives were inappropriate for either hedging or speculating, and no knowledgeable investor would be likely to enter into these contracts intentionally.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.131-141
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• 2020

This study is designed to investigate the impact of China exchange rate policy on its trading partners by using a country multi-dataset GVAR model. Our model includes samples of 30 countries, six from high-income, six from middle-income and eighteen from low-income countries. This study used annual time series data over the period 1992 to 2017. We constructed currency misalignment index and it provided some interesting features about the currency undervaluation and overvaluation. The results of the currency misalignment shows that China's Renminbi is structurally more undervalued over the sample period as compared to other countries, and fluctuation in major currencies effects the global trade around the world. The overall empirical results of the GVAR model indicate that RMB undervaluation affects the trade pattern and macroeconomic performance of China's trading partners. Overall, China's exchange rate undervaluation has mixed effects on trading partner's GDP, exports and imports. The devaluation of China's RMB efficiently stimulated China's exports and reduced imports. While, in some countries, this effect is reverse, the RMB undervaluation increases the GDP of partner countries and also increases their exports to China. The results confirm the strong and leading role of the Chinese Renminbi in the global trade.

• Journal of Environmental Science International
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• v.14 no.7
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• pp.711-717
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• 2005

A magenta azomethine dye(D) was synthesized from the reaction of 3-methyl-1-phenyl-2-pyrazoline-5-one with N,N-diethyl-1,4-phenylenediamine. The magenta azomethine dye was identified on the basis of elemental analysis, $^{13}C-NMR$, infrared, and GC/MS studies. The magenta azomethine dye was decomposed in a basic solution. Rate constants of the fading reaction of magenta azomethine dye in ethanol-water solvent were measured spectrophoto­metrically at 540 nm. Reaction rate was increased with the increase of $[OH\^{-}]\;and\;[H\_{2}O]$ in the region of $[H_{2}O]=11\~40\;M$. The reaction was governed by the following rate law. -d[D]/dt = $\{k_o\;+\;k_{OH}[OH^-][H_{2O}]\}[D]$ A possible mechanism consistent with the empirical rate law has been proposed.

• Journal of the Korean Chemical Society
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• v.10 no.4
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• pp.153-157
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• 1966

The measurement of Oxidation of nickel has been investigated using vacuum quartz microbalance in the temperature range of $500^{\circ}{\sim}800^{\circ}C$ at various oxygen pressure. The rate constants of nickel-oxidation were evaluated according to the parabolic rate law. From the Arrhenius equation, the activation energy in the range of experimental temperatures were found that $E_{act}$= 35.4 Kcal/mole. It was also found that the parabolic rate constants varied approximately as the one fifth power of the oxygen pressure for nickel-oxidation. The mechanism for the oxidation of this metal were seemed to be via cation vacancy produced by excess of oxygen dissolved in the oxide film.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.11
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• pp.47-66
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• 2021

Despite the dominance of the USD as a vehicle currency in non-US trade, most studies on the exchange rate-trade balance relationship ignore its importance. Some recent J-curve papers have proved that incorporating the role of USD as vehicle currency as a crucial determinant of trade balance can well reflect the reality of global trade and provide more detailed findings. Motivated by this new approach and by the fact that USD is substantially used in the trade between China and the EU and the UK, this paper scrutinizes how the vehicle currency USD and the bilateral exchange rates asymmetrically affect China's trade balance with each EU country and the UK. The results of NARDL estimation indicate that the USD models outperform the bilateral exchange rate (BER) models in terms of detecting significant long-run and short-run coefficients, which confirms the usefulness of the new approach. Also, this paper finds that the USD/CNY exchange rate cannot be neglected in China's trade with the EU and the UK, which can supplement China's policies on international trade and foreign exchange management.

• Resources Recycling
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• v.9 no.1
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• pp.3-14
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• 2000

In order to prospect current recycling status in Korea, wastes generation and recycling rate were reviewed. Approximately 188,600 ton/day of wastes was generated in 1998; 44,600 ton/day of domestic waste and 144,000 ton/day of industrial waste. During the last five years, waste management laws such as recycling law and environment friendly industry law were prepared. In this article, concerning over waste generation and recycling, the problems and technological developments associated with recycling were summarized.

• Honam Mathematical Journal
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• v.34 no.2
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• pp.209-217
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• 2012

Convergence rates in the law of large numbers for i.i.d. random variables have been generalized by Gut[Gut, A., 1978. Marc inkiewicz laws and convergence rates in the law of large numbers for random variables with multidimensional indices, Ann. Probab. 6, 469-482] to random fields with all indices having the same power in the normalization. In this paper we generalize these convergence rates to the identically distributed and negatively associated random fields with different indices having different power in the normalization.

• Journal of the Korean Mathematical Society
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• v.56 no.4
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• pp.935-946
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• 2019

Hawkes process is a self-exciting simple point process with clustering effect whose jump rate depends on its entire past history. We consider Hawkes processes with uniform immigrants which is a special case of the Hawkes processes with renewal immigrants. We study the limit theorems for Hawkes processes with uniform immigrants. In particular, we obtain a law of large number, a central limit theorem, and a large deviation principle.

• 제어로봇시스템학회:학술대회논문집
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• 1997.10a
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• pp.1754-1757
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• 1997

Three-dimensional optimum design of coat-hanger die is performed using power-law and Carreau models. It is found that the three-dimensional optimum design algorithm shows good convergence with the non-Newtonian fludis. the nore realistic optimum design is accomplished by employing Carreau model with the three-dimensional design method. The effect of vixcosity modles is investigated by comparing the optimum manifold profiles and flow rate distributions of power-law and Carreau modles. Through the accurated viscosity representation of Carreau model, the effect of total flow rate on the optimum manifold profile is investigated.

• Proceedings of the KSME Conference
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• 2007.05a
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• pp.762-767
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• 2007

As a macromolecule material, melted rubber flow shows characteristics of shear thinning fluid. The dynamic viscosity of this rubber fluid is influenced by temperature and shear strain rate. In this study, the numerical simulation of rubber extrusion forming process has been performed using commercial CFD code, Polyflow. Power-law model considering the effect of shear rate is used for the computer simulation of this non-Newyonian flow. Also Non-isothermal behavior is considered as Arrhenius-law model. Distributions of velocity and temperature are predicted through the simulation.