• Korean Management Science Review
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• v.29 no.3
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• pp.91-105
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• 2012

This paper examines the investment efficiency of Korean venture capitals during 1987~2006 (20 years), focusing on their selection capability. Despite the Korean government's efforts, venture capital industry has evolved in a slow speed. Since the genesis of venture paradigm in Korea at 1997, venture capital industry as a macro unit has been fully discussed in Korean contexts. But venture capital's activities at micro level regarding each investment's outcome have not been examined. This study attempts to fill the voids of micro knowledge about each investment success rates by venture capitals. We analyzed venture investment records in 4,791 venture startups and their success rates. Their investment criteria were relevant to high potential industries and amount of tangible assets. But their criteria were not relevant to R&D intensity and financial growth of venture firms, which may indicate low level of maturity about Korean venture capital industry. We found that Korean venture capital's investment pattern may be originated from the low return of investment, so that efficiency of IPO markets is a prerequisite for the upgrade of venture capitals' efficiency. Some policy implications are discussed.

• The Bulletin of The Korean Astronomical Society
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• v.41 no.2
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• pp.66.2-66.2
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• 2016

KASI and NAOJ are making collaborating efforts to implement faster mapping capability into the new 275-500 GHz Atacama Submillimeter Telescope Experiment focal plane array (FPA). Feed horn antenna is one of critical parts of the FPA. Required fractional bandwidth is almost 60 % while that of traditional conical horn is less than 50 %. Therefore, to achieve this wideband performance, we adopted a horn of which the corrugation depths have a longitudinal profile. A profiled horn has features not only of wide bandwidth but also of shorter length compared to a linear-tapered corrugated horn, and lower cost fabrication with less error can be feasible. In our design process the flare region is represented by a cubic splined curve with several parameters. Parameters of the flare region and each dimension of the throat region are optimized by a differential evolution algorithm to keep >20 dB return loss and >30 dB maximum cross-polarization level over the operation bandwidth. To evaluate RF performance of the horn generated by the optimizer, we used a commercial mode matching software, WASP-NET. Also, Gaussian beam (GB) masks to far fields were applied to give better GB behavior over frequencies. The optimized design shows >23 dB return loss and >33 dB maximum cross-polarization level over the whole band. Gaussicity of the horn is over 96.6 %. The length of the horn is 12.5 mm which is just 57 % of the ALMA band 8 feed horn (21.96 mm).

• Proceedings of the Korea Electromagnetic Engineering Society Conference
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• 2003.11a
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• pp.294-298
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• 2003

In this paper, the modeling and design of high-Q multilayer passives have been investigated, and multilayer diplexer for GSM/DCS applications has been designed and fabricated using the passives. To minimize the system, the configuration of a multilayer inductor has involved a square spiral structure. Modeling of a multilayer inductor was performed by the subsystems of distributed components, and using the modeling the optimal structures of the high-Q multilayer inductor could be designed by analyzing parasitics and couplings which affect their frequency characteristics. Multilayer diplexer for GSM/DCS application has been designed and fabricated using LTCC technology. LPF for GSM band had the passband insertion loss of less than 0.55 dB, the return loss of more than 12 dB, and the isolation level of more than 26 dB by locating attenuation pole at 1800 MHz. HPF for DCS band had the passband insertion loss of less than 0.82 dB, the return loss of more than 11 dB, and the isolation level of more than 38 dB by locating attenuation pole at 930 MHz.

• Asian Pacific Journal of Cancer Prevention
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• v.13 no.11
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• pp.5791-5797
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• 2012

Introduction: Return-to-work (RTW) can be a problematic occupational issue with detrimental impact on the quality of life of previously-employed breast cancer survivors. This study explored barriers and facilitators encountered during the RTW process in the area of cancer survivorship. Materials and Methods: Six focus groups were conducted using a semi-structured interview guide on 40 informants (employed multiethnic survivors). Survivors were stratified into three groups for successfully RTW, and another three groups of survivors who were unable to return to work. Each of the three groups was ethnically homogeneous. Thematic analysis using a constant comparative approach was aided by in vivo software. Results: Participants shared numerous barriers and facilitators which directly or interactively affect RTW. Key barriers were physical-psychological after-effects of treatment, fear of potential environment hazards, high physical job demand, intrusive negative thoughts and overprotective family. Key facilitators were social support, employer support, and regard for financial independence. Across ethnic groups, the main facilitators were financial-independence (for Chinese), and socialisation opportunity (for Malay). A key barrier was after-effects of treatment, expressed across all ethnic groups. Conclusions: Numerous barriers were identified in the non-RTW survivors. Health professionals and especially occupational therapists should be consulted to assist the increasing survivors by providing occupational rehabilitation to enhance RTW amongst employed survivors. Future research to identify prognostic factors can guide clinical efforts to restore cancer survivors to their desired level/type of occupational functioning for productivity and wellbeing.

• The Korean Journal of Financial Management
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• v.22 no.2
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• pp.135-164
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• 2005

We analyze trade and balance records of 10,000 stock investment accounts of individual investors for the period of 1998 to 2003. Individual investors em an annual gross return of 12.3% while the KOSPI and the value weighted composite including KOSDAQ stocks yield 13.6% and 9.7% respectively during the same period. Net return performance is 8.3%, a drop of 5.3% mainly due to heavy trading. Individual investors' annual turnover amounts to over 270 percent. In an analysis of groups formed on the month's end position value, the performance of the top quintile is found comparable to the market while the rest yield significantly lower risk-adjusted returns than the market. We also find evidence rejecting the rational expectation model while supporting the overconfidence hypothesis which states overconfidence leads to a higher level of trading, resulting in poor performance. Individuals tilt their stock investment toward high-beta, small, and value stocks.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.22 no.2
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• pp.120-125
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• 2010

A Monte-Carlo simulation method is proposed which can take uncertainties of scale and location parameters of Gumbel distribution into account straightforwardly in evaluating significant design wave heights with respect to return periods. The uncertainties of design wave heights may directly depend on the amounts of uncertainties of scale parameter and those distributions may be followed by Gumbel distribution. In case of that the expected values of maximum significant wave height during lifetime of structures are considered to be the design wave heights, more uncertainties are happened than in those evaluated according to return periods with encounter probability concepts. In addition, reliability analyses on the armor units are carried out to investigate into the effects of the uncertainties of design wave heights on the probability of failure. The failure probabilities of armor units to 5% damage level for 50 return periods are evaluated and compared according to the methods of taking uncertainties of design wave heights into account. It is found that the probabilities of failure may be distributed into wide ranges of bounds when the uncertainties of design wave heights are assumed to be same as those of annual maximum significant wave heights.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.28 no.1
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• pp.53-62
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• 2016

Extreme wind speeds at four sites including Mokpo, Gunsan, Incheon and Jeju near the Western Coast have been estimated with a tool of Monte Carlo simulation and typhoon data. Results of sensitivity analysis show that closeness between distance to the eye and the radius to maximum wind is most sensitive. While location angle and pressure deficit are sensitive too, but translation velocity is not. A standard typhoon, which results in extreme wind speeds having various return period, can be constructed by combination of parameter informations of each site. Then, with a numerical modelling of the typhoon, extreme surge heights having the same return period can also be obtained. To be added, by analysing the data which only including those based on navigable semicircle, it is possible to produce a standard typhoon which could result in setting-down of sea level.

• Korean Journal of Construction Engineering and Management
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• v.20 no.5
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• pp.3-11
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• 2019

This study is designed to examine the stock price of construction firms which are affected by the deregulation of new apartment sales price. As empirical methodology, it uses the traditional event study analysis to test the influence of the deregulation of new apartment sales price and the regression analysis to test which variables are related. The results of this study are summarized as follows : First, the cumulative abnormal return of stock is positive when government announced the deregulation of new apartment sales price. The cumulative abnormal return of stock for 21 trading day before -10 to +10 day is 25.51% which is significant different from zero at 1 percent level. This result suggests that the deregulation of new apartment sales price conveys good information to stock market that the firms performance will be good in the future. Second, in the regression analysis this study shows that the cumulative abnormal return of stock is related to firm's profit margin ratio.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.6D
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• pp.641-654
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• 2010

Recently, as the construction industry trend is changed to the market orientation which focuses on the autonomy and competition, the most construction companies try to adapt the new environment. Thus, this study analyzes the correlations of business strategy and core competency taken by the construction company to survive from the rapidly changing environment between the growth rate and rate of return of the company. Throughout the existing researches and theoretical studies, a business strategy and core competency of the construction company is drawn, and based on this, this study surveyed 746 construction companies. The results of the survey showed that the business strategy has any relationship with growth rate and rate of return and the core competency of the construction company has no relationship with rate of return either, while the core competency shows the relationship with the growth rate. Thus, it is analyzed that the construction company which has higher growth rate also has the high core competency level.

• Earthquakes and Structures
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• v.15 no.1
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• pp.9-17
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• 2018

This paper provides recommendations for setting performance requirements for the seismic design of building structures in Hong Kong. Fundamental issues relating to the required level of structural safety will be addressed, which is then followed with a recommended seismic action model for structural design purposes in Hong Kong. The choice of suitable performance criteria of structures and the return period of the design seismic actions are first discussed. The development of the seismic hazard model for Hong Kong is then reviewed. The determination of the design response spectrum and the choice of design parameters for structures of different importance classes will also be presented.