• Asia-Pacific Journal of Business
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• v.12 no.3
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• pp.37-50
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• 2021

Purpose - This study aimed to examine the behavior surrounding the Initial Public Offering (IPO) event of firms within the same conglomerate and the impact of under-pricing and Return on Equity(ROE) on a firm's abnormal stock returns. Design/methodology - This study collected data from 166 South Korean Chaebols, consisting of 355 firms distributed as 202 listed on Korea Composite Stock Price Index (KOSPI) and 153 firms listed on Korean Securities Dealers Automated Quotations (KOSDAQ) from 2000 to 2020. The Capital Asset Pricing Model (CAPM) and the multiple regression analysis were hired to analyze the data. Findings - First, we found an adverse price reaction of IPO listing in the same chaebol group, and firms with higher under-pricing affect other firms' stock prices more adversely within the conglomerate. Next, we explored a negatively significant relation between ROE and the chaebol firms' stock returns during IPO events. Research implications - The novelty of this study is there are not many empirical studies on the impact of IPO within a conglomerate. So, the findings of this study contribute to the literature for analyzing stock's abnormal returns within a conglomerate.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.12 no.6
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• pp.2922-2945
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• 2018

Achieving efficient authentication is a crucial issue for stream data commonly seen in content delivery, peer-to-peer, and multicast/broadcast networks. Stream authentication mechanisms need to be operated efficiently at both sender-side and receiver-side at the same time because of the properties of stream data such as real-time and delay-sensitivity. Until now, many stream authentication mechanisms have been proposed, but they are not efficient enough to be used in stream applications where the efficiency for sender and receiver sides are required simultaneously since most of them could achieve one of either sender-side and receiver-side efficiency. In this paper, we propose an efficient stream authentication mechanism, so called TIM, by integrating Trapdoor Hash Function and Merkle Hash Tree. Our construction can support efficient streaming data processing at both sender-side and receiver-side at the same time differently from previously proposed other schemes. Through theoretical and experimental analysis, we show that TIM can provide enhanced performance at both sender and receiver sides compared with existing mechanisms. Furthermore, TIM provides an important feature for streaming authentication, the resilience against transmission loss, since each data block can be verified with authentication information contained in itself.

• Proceedings of the Korean Institute of Intelligent Systems Conference
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• 2005.11a
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• pp.161-164
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• 2005

Mobile device users are sensitive to pay telecommunication charge for downloading Internet data, because the cost is proportional to the amount of data received. If there are device users who want to download the same content, they may cooperate each other to form an ad hoc network and share the partially downloaded content in order to reduce the amount of data downloaded. Each mobile device, called a peer, downloads a specific portion of the whole content using fee-based telecommunication channel, and exchanges the portion with other peers with free ad hoc channel in order that all participating peers are able to reconstruct the whole content in this situation, al1 participating peers become senders and receivers at the same time. In order to distribute the partial content to other peers, the ad hoc network requires a control led distribution mechanism. This paper introduces the per-peer-based distribution method in which one designated peer can transmit partial data to its neighbors at a time. Simulation results show that 90$\%$ of the telecommunication cost is saved with as few as 10 peers .

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.28 no.6
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• pp.605-612
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• 2010

Numberous satellites have monitored the Earth in order to detect changes in a large area. These satellites provide orbit information such as ephemeris data, RPC coefficients and etc. besides image data. If we can use such orbit data afforded by satellite, we can reduce the number of control point for geo-referencing. This paper shows the efficient geometric correction method of strip-satellite RADARSAT-l SAR images acquired by same orbit using ephemeris data, single control point and virtual control points. For accuracy analysis of proposed method, this paper compared the image geometrically corrected by the proposed method to the image corrected by ERDAS Imagine.

• Journal of the Korean Institute of Electrical and Electronic Material Engineers
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• v.25 no.5
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• pp.353-360
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• 2012

As semiconductor device technology continuously shrinks, low-open area etch process prevails in front-end etch process, such as contact etch as well as one cylindrical storage (OCS) etch. To eliminate over loaded wafer processing test, it is commonly performed to emply diced small coupons at stage of initiative process development. In nominal etch condition, etch responses of whole wafer test and coupon test may be regarded to provide similar results; however, optical emission spectroscopy (OES) which is frequently utilize to monitor etch chemistry inside the chamber cannot be regarded as the same, especially etch mask is not the same material with wafer chuck. In this experiment, we compared OES data acquired from two cases of etch experiments; one with coupon etch tests mounted on photoresist coated wafer and the other with coupons only on the chuck. We observed different behaviors of OES data from the two sets of experiment, and the analytical results showed that careful investigation should be taken place in OES study, especially in coupon size etch.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.65
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• pp.117-139
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• 2015

The BPO is an irrevocable undertaking given by an obligor bank to a recipient bank to pay a specified amount under the condition of a successful electronic matching of data or acceptance of mismatches. The BPO enables the participating banks to provide sellers and buyers with enhanced financing services. Therefore, BPO gives banks the tools to provide them with guarantees and other multi-banking services. All the participating banks must use the same Transaction Matching Application(TMA) for BPO business. In order to exchange BPO-related data, banks must be subscribed to the same TMA scheme. Participation in the TMA scheme is limited to banks only. The TMA is matching and workflow application as instrument to determine whether to pay the BPO or not. Therefore, TMA will have an important role to play in the business of the BPO. So, This paper is to review the mechanism of a TMA and the major business scenarios in Banking Payment Obligation Transactions. In Particular, it has been included the exchange and matching of data messages, the disposal of discrepancies, document payment and others based on URBPO. This study will be based on documentary research including swift com and icc.org and so on.

• Journal of the Korea Society of Computer and Information
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• v.7 no.4
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• pp.168-173
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• 2002

According to the rapid growth of Internet service, electronic commerce usage scale is growing every year. It requires the method of vitalizations of electronic commerce through reducing the software development cost and making easy of data construction. Web service, which is adapting distributed technology based on internet supports the infrastructure of reducing the software development cost through software sharing. As the shared software modules access the same data, they can reference the same data on the other site. In this paper, we designed and implemented database Processing module of the electronic commerce program using web service technology, which can make easy of site construction and sharing database. Implemented database processing module supports data selection modification insertion deletion and searching. Using this functions we showed product item information could be shared among the other electronic commerce sit.

• Animal Systematics, Evolution and Diversity
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• v.27 no.2
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• pp.159-163
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• 2011

DNA barcoding of Bryozoa or "moss animals" has hardly advanced and lacks reference sequences for correct species identification. To date only a small number of cytochrome c oxidase subunit I (COI) sequences from 82 bryozoan species have been deposited in the National Center for Biotechnology Information (NCBI) GenBank and Barcode of Life Data Systems (BOLD). We here report COI data from 53 individual samples of 29 bryozoan species collected from Korean seawater. To our knowledge this is the single largest gathering of COI barcode data of bryozoans to date. The average genetic divergence was estimated as 23.3% among species of the same genus, 25% among genera of the same family, and 1.7% at intraspecific level with a few rare exceptions having a large difference, indicating a possibility of presence of cryptic species. Our data show that COI is a very appropriate marker for species identification of bryozoans, but does not provide enough phylogenetic information at higher taxonomic ranks. Greater effort involving larger taxon sampling for the barcode analyses is needed for bryozoan taxonomy.

• Atmosphere
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• v.19 no.2
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• pp.107-125
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• 2009

Statistical downscaled surface temperature datasets by employing the cyclostationary empirical orthogonal function (CSEOF) analysis and multiple linear regression method are examined. For evaluating the efficiency of this statistical downscaling method, monthly surface temperature of the ECMWF has been downscaled into monthly temperature having a fine spatial scale of ~20km over the Korean peninsula for the 1973-2000 period. Monthly surface temperature of the ECHOG has also been downscaled into the same spatial scale data for the same period. Comparisons of temperatures between two datasets over the Korean peninsula show that annual mean temperature of the ECMWF is about $2^{\circ}C$ higher than that of the ECHOG. After applying to the statistical downscaling method, the difference of two annual mean temperatures reduces less than $1^{\circ}C$ and their spatial patterns become even close to each other. Future downscaled data shows that annual temperatures in the A1B scenario will increase by $3.5^{\circ}C$ by the late 21st century. The downscaled data are influenced by the ECHOG as well as observation data which includes effects of complicated topography and the heat island.

• Journal of Communications and Networks
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• v.13 no.5
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• pp.421-427
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• 2011

Problems encountered in IEEE 802.11 medium access control (MAC) design are interferences from neighboring or hidden nodes and collision from simultaneous transmissions within the same contention floors. This paper presents the selective decoding schemes in MAC protocol for multiple input multiple output ad-hoc networks. It is able to mitigate interferences by using a developed minimum mean-squared error technique. This interference mitigation combined with the maximum likelihood decoding schemes for the Alamouti coding enables the receiver to decode and differentiate the desired data streams from co-channel data streams. As a result, it allows a pair of simultaneous transmissions to the same or different nodes which yields the network utilization increase. Moreover, the presented three decoding schemes and time line operations are optimally selected corresponding to the transmission demand of neighboring nodes to avoid collision. The selection is determined by the number of request to send (RTS) packets and the type of clear to send packets. Both theoretical channel capacity and simulation results show that the proposed selective decoding scheme MAC protocol outperforms the mitigation interference using multiple antennas and the parallel RTS processing protocols for the cases of (1) single data stream and (2) two independent data streams which are simultaneously transmitted by two independent transmitters.