• Corrosion Science and Technology
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• v.5 no.6
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• pp.206-212
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• 2006

The effects of sub-ppm levels of $H_2S$ and the adsorbed water on the atmospheric corrosion of silver were studied with In situ weight balance to study the effect of the adsorbed water on the kinetic behavior and to determine the rate-controlling step, with XPS to analyze the tarnish film, and with calculation of phase equilibrium to predict the stable solid phase, the concentrations of dissolved species ($Ag^-$, $H^+$, $S^{2-}$, $HS^-$) and the equilibrium potentials ($E_{Ag^+/Ag}$, $E_{H^+/H_2}$, $E_{O_2/O^{2-}$). The results of weight measurements showed that oxygen was required for the sulfidation of silver in 100 ppb $H_2S$ and humidified environments enhanced the tarnished rate and oxidizing power. In addition, the rate determining step for tarnishing silver was shown to be changed to transport though the tarnish film.

• Journal of the Korean Home Economics Association
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• v.38 no.11
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• pp.63-75
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• 2000

To identify the actual situation of financial information disclosure, a content analysis was performed on pamphlets of a time deposit and a new reserve trust offered by banks and other financial institutes. Although consumers required information on interest rate, tax favor, loan service, protection of brink depositors and bank security to select a financial service account, informations offered on pamphlets are not sufficient. Therefore concrete way of information offer system shoed be developed. In offering interest rate, interest rate after tax deduction or payment at maturity should be also mentioned. Information on tax favor, protection of bank depositors and bank security should be contained in pamphlets as well. Use of easy terms and notes are recommended for developing pamphlets for financial products.

• KDI Journal of Economic Policy
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• v.14 no.1
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• pp.89-119
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• 1992

This paper purports to analyze the economic rationale of compensating balance requirements and its impact on money supply. This practice has recently been severely criticized for artificially increasing the money supply and, therefore, limiting the nation's aggregate lending policy under the tight constraint of the given money supply target. A review of the existing literature implies that compensating balance requirements is a banking practice which leads to corrections in the distortion of financial resource allocation due to the imperfection of financial market stemming from asymmetric information and/or financial regulations on deposit and lending rates. Therefore, the economic rationale of this practice is deemed to improve the efficiency of financial resource allocation. On the other hand, the macroeconomic impact of compensating balance requirements on the money supply depends on the impact on the money multiplier, which in turn depends on the desired ratio of deposit that people wish to maintain on the money borrowed from the banking system, and on the desired reserve ratio that the banking system would like to hold for deposit withdrawal. If the compensating balance requirements could increase the desired ratio of deposit to borrowing (bank lending), it will increase the available amount of total reserve within the banking system and, in turn, the money multiplier. However, this channel has not been fully analyzed in the literature, and the direction of the effect is ambiguous. If the practice could reduce the turn-over rate of deposit and, thereby, reduce the desired reserve ratio of the banking system, then it will also increase the money multiplier. While this channel operates unambiguously toward increasing the money multiplier, this effect will be limited by the extent that the banking system holds the excess reserve over the required reserve because the excess reserve will set the maximum amount for the desired reserve to fall. This paper tries to determine the effect on the money supply by empirically estimating the multiplier and the desired ratio of deposit to lending equations as functions of the ratio of compensating balance to the related lending, which is not observable and is estimated for the regression purpose. The results suggest that the effect of compensating balance requirements on the money supply in Korea does not exist or is very tenuous even if it could operate. Therefore, this paper concludes that the well publicized policy of cross cancelling the compensating balance and the related lending will not be effective at controlling the money supply and increasing the amount of loans without expanding the money supply.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.731-740
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• 2021

This research aims to investigate the determinants of real effective exchange rate in emerging ASEAN countries, including Indonesia, Malaysia, Philippines, Thailand, and Vietnam. The research was conducted by using quarterly time series data set from 1980Q1 to 2020Q3. Cointegration and the error correction model (ECM) methods were applied to test the long run and short run relationship of the real effective exchange rate and its determinants. The results indicate that the ratio of foreign direct investment to GDP and the government spending have significantly positive impact on real effective exchange rate in the Emerging ASEAN countries. The trade opening had influencing real effective exchange rate in most the Emerging ASEAN countries, except Vietnam. In addition, the international reserve (INR) had significant long-run impacts variables on real effective exchange rate in Malaysia, Thailand and Vietnam. In the short run equilibrium, the error collection term suggest that Indonesia and Malaysia are the fastest speed adjustment to equilibrium. In addition, the term of trade influence the real effective exchange rate in Indonesia, Malaysia, and the Philippines but it is not in Thailand and Vietnam. However, FDI is a major factor of the real effective exchange rate in Vietnam, but not for other countries.

• Journal of IKEEE
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• v.22 no.3
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• pp.822-828
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• 2018

Recently, energy issues such as massive blackout due to increase in power consumption have been emerged, and it is necessary to improve the accuracy of prediction of power consumption as a solution for these problems. In this study, we investigate the difference between the actual power consumption and the predicted power consumption through the deep learning- based power consumption forecasting experiment, and the possibility of adjusting the power reserve ratio. In this paper, the prediction of the power consumption based on the deep learning can be used as a basis to reduce the power reserve ratio so as not to excessively produce extra power. The deep learning method used in this paper uses a learning model of long-short-term-memory (LSTM) structure that processes time series data. In the computer simulation, the generated power consumption data was learned, and the power consumption was predicted based on the learned model. We calculate the error between the actual and predicted power consumption amount, resulting in an error rate of 21.37%. Considering the recent power reserve ratio of 45.9%, it is possible to reduce the reserve ratio by 20% when applying the power consumption prediction algorithm proposed in this study.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.19 no.4
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• pp.100-115
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• 2020

Recently, with the development of various sensors and communication technologies, the market for wearable devices capable of recording physical activity in connection with a smartphone is expanding. The purpose of this study is to analyze physical activity for each transportation modes in order to utilize wearable devices in the field of transportation. This study consists of three steps: data collection, basic statistical analysis, and physical activity analysis. Four adult males and females were recruited as investigators, and physical activity and route information were collected through Fitbit, a commercial wearable device. From the collected physical activity information, a percentage of heart rate reserve (%HRR) using a heart rate was derived and used for analysis. As a results, it was found that there is a statistically significant difference in heart rate for each transportation mode, and physical activity intensity is the highest when walking. In addition, the results of physical activity analysis for the case of using different routes for the same OD were presented. The results presented in this study are expected to be used as basic data for preparing public transportation activation policies and providing customized services for the future.

• The Korean Journal of Applied Statistics
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• v.21 no.2
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• pp.183-200
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• 2008

Research for efficient management of the National Pension has been emphasized as the current society trends toward aging and low birth rate. In this article, we suggest a statistical model for effective classification and prediction of the reserve for the survivor's pension in Korea. Logistic regression model is incorporated; correct classification rate, and distribution of the posterior probability for the reserve of survivor's pension are investigated and compared with the results from the general logistic models. Assessment of predictive model is also done with lift graph, ROC curve and K-S statistic. We suggest strategies for reducing financial risks in managing and planning the pension as an application of the suggested model.

• The Journal of Society for e-Business Studies
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• v.11 no.2
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• pp.31-48
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• 2006

Commercial internet auction systems have been successfully used recently. In those systems, because auction prices of auction items are given by sellers only, the success bid rate can be decreased due to the large difference between the reserve price and the normal price. In this paper, we propose an agent that generates auction prices to sellers based on past auction data and item prices gathered from the web Through performance experiments, we show that the successful bid rate increases by preventing sellers from making unreasonable reserve prices. Using the pricing agent, we design and implement an XML-based auction system on the web.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.33 no.3
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• pp.219-224
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• 2010

Depreciation accounting has as its main objective, the recovery of the original cost of plant investment less net salvage, over the estimated useful life of that plant. Accuracy of the whole life technique in meeting this objective depends entirely on the original estimates of service life and net salvages for an account. Where the whole life technique has been used and original estimates prove inaccurate, excessive or deficient accumulations in the depreciation reserve frequently occur. To overcome this, the remaining life technique is suggested to better match the challenges of accelerated technology and competition within the regulated environment. The flexibility of the remaining life technique will allow an even chance to provide a complete recovery of the original cost.

• Proceedings of the Korean Society of Crop Science Conference
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• 2022.10a
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• pp.6-6
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• 2022

Prolonged Russia-Ukraine war, and unstable situation of supply and demand of global crops including the COVID-19 pandemic have raised awareness regarding food crisis, and in addition to this situation, export restriction measures imposed by some countries have accelerated the rise in the prices. Since the Republic of Korea depends annual crop consumption (21.32 million tons) mostly on the imports (food self-sufficiency rate in 2020 was 45.8%, crop self-sufficiency rate was 20.2%), our main task is to stably secure food. Now we need to put focus on building capacity to secure stable food supply, and actively manage and respond to risks. To overcome this condition, the Korean government set robust food sovereignty as its policy task, and has been focusing on the policy capacity by providing financial and policy support in parallel. We need to implement mid- to long-term measures to strengthen food security as well as to ensure domestic price stability. While increasing the domestic capacity to supply food in the mid- to long-term perspective, we are implementing projects to bring in crops which are inevitable to be imported by private companies. Specifically, we are making efforts to expand infrastructure for the public reserve and domestic production of wheat and beans which have low self-sufficiency rate, and to secure food sovereignty by providing support to secure global crop supply chain to private companies. The Ministry of Agriculture, Food and Rural Affairs plans to set a target for food self-sufficiency rate and prepare a policy to strengthen mid- to long-term food security by establishing a task force to strengthen mid- to long-term food security in the Ministry. Especially, although wheat is the second staple food, domestic wheat production and the foundation for the industry is poor. Compared to the wheat imports, domestic production of wheat is 30 thousand tons (self-sufficiency rate of 1%), leading to a vulnerable status against internal and external shocks. Through the establishment of the Wheat Industry Promotion Act (Feb. 2020) and the First Master Plan for Wheat Industry Promotion (Nov. 2020), the Korean government has developed a policy basis, and has been providing financial support in overall across the production, distribution and consumption process. In addition, the government established a production complex for Korean wheat and beans in order to supply affordable government-supplied commodities, provide education and consulting services, and create a high-quality stable production system, including facilities and equipment. We are also continuing to increase the public reserve for wheat and beans with the purpose of stable supply and demand as well as food security. The Korean government will establish and implement mid- to long-term measures to strengthen the foundation for domestic production across production, distribution and consumption process, and to stably secure global supply chain including through diversified import channels.