• Journal of Digital Convergence
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• v.20 no.2
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• pp.375-381
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• 2022

The purpose of this study is to find out the spatial expression characteristics of Philipstock from a heterotopic perspective in the background of the times of modern people struggling to live in the era of an infectious disease called COVID-19 along with the era of the 4th industrial revolution. As for the research method, a total of 11 places were selected, focusing on the completed works of interior space from 2015 to the present, when they are more active after retirement, to find out the characteristics of spatial expression through literature and case studies. As a result, the spatial expression characteristics of narrative that only space has were the most frequent, and it was found that the characteristics of imaginary space and fantasy, which are the form of overlapping time to express a place, were interrelated. Philip Stock's design method, which uses narrative, fantasy, and imaginary spatial characteristics, can be seen as sufficiently representing heterotopic characteristics and can be used as another design methodology when designing a new space.

• Journal of Intelligence and Information Systems
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• v.28 no.4
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• pp.81-94
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• 2022

Real estate and artworks were considered challenging investment targets for individual investors because of their relatively high average transaction price despite their long investment history. Recently, the so-called fractional investment, generally known as investing in a share of the ownership right for real-life assets, etc., and most investors perceive that they actually own a piece (fraction) of the ownership right through their investments, is gaining popularity. Founded in 2016, Musicow started the first service that allows users to invest in copyright fees related to music distribution. Using the LSTM algorithm, one of the deep learning algorithms, this research predict the price of right to participate in copyright fees traded in Musicow. In addition to variables related to claims such as transfer price, transaction volume of claims, and copyright fees, comprehensive indicators indicating the market conditions for music copyright fees participation, exchange rates reflecting economic conditions, KTB interest rates, and Korea Composite Stock Index were also used as variables. As a result, it was confirmed that the LSTM algorithm accurately predicts the transaction price even in the case of fractional investment which has a relatively low transaction volume.

• New & Renewable Energy
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• v.18 no.4
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• pp.70-78
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• 2022

To respond to global warming, there is an increasing interest in eco-friendly alternative energy sources. Therefore, unused forest biomass that has been neglected due to a lack of marketability is attracting attention. With the introduction of the "unused forest biomass certification system" in 2019, ways of determining quantity of unused forest biomass have steadily increased. However, there have been reported cases whereby unused forest biomass weighed more than the amount of harvested trees. It was found that it was possible that forest resources that can be used as round wood were mixed with unused forest biomass. In this context, this study aimed to estimate the amount of mixed round wood in the unused forest biomass supply. The relative expression of growing stock/ha versus the amount of final clearing/ha collected was modeled (y=1.490x-94.341, R²=0.861). As a result, it was found that round wood was mixed into the unused forest biomass, contributing to the disparity observed between the weighted forest biomass and the amount of trees harvested. In conclusion, proper declaration and certification procedures should be carried out for the use of forest resources and promoting unused forest biomass usage.

• Journal of the Korea Society of Computer and Information
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• v.14 no.4
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• pp.179-187
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• 2009

Most real world systems contain a series of dynamic and complex phenomena. One of common methods to understand these systems is to build a model and analyze the behavior of them. A two-step methodology comprised of clustering and then model creation is proposed for the analysis on time series data. An interface is designed for CRM(Customer Relationship Management) that provides user with 1:1 customized information using system modeling. It was confirmed from experiments that better clustering would be derived from model based approach than similarity based one. Clustering is followed by model creation over the clustered groups, by which future direction of time series data movement could be predicted. The effectiveness of the method was validated by checking how similarly predicted values from the models move together with real data such as stock prices.

• Asia-Pacific Journal of Business
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• v.14 no.1
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• pp.313-325
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• 2023

Purpose - The purpose of this study is to examine the process of determining control in a situation where investors hold less than a majority of the voting rights of the investee through case. Design/methodology/approach - In this study, the various and complex considerations presented in K-IFRS 1110 'Consolidated Financial Statements' were systematically classified and stratified. Findings - First, the agreement to delegate voting rights does not necessarily have to be documented, but it can be said to be substantive rights right only if it is not of the nature that one party can discontinue at any time. Second, if it is clear that investors do not have power due to the relative size of voting rights and the degree of stock dispersion, there is no need to review the past shareholders' meeting resolutions and additional facts and circumstances. Research implications or Originality - This study expects to minimize errors in applying the standards by classifying and stratifying the various considerations presented in K-IFRS 1110 into first and subsequent considerations. In addition, it is expected to contribute to reducing practical confusion in determining control by presenting a step-by-step review through case on whether or not to have power to judge control when holding voting rights of less than a majority.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.58 no.4
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• pp.317-325
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• 2022

Korean tuna purse seine fishery in the Western and Central Pacific Ocean (WCPO) began to operate in earnest in the early 1980s. Since then, the total catch has shown an increasing trend and the target species are skipjack tuna (Katsuwonus pelamis), yellowfin tuna (Thunnus albacare) and bigeye tuna (Thunnus obesus). Based on the operational data of Korean tuna purse seine fishery from 2016 to 2020, the catch rates of target species (skipjack and yellowfin tunas) were analyzed by operation time for set types (free school and FAD sets). In the case of the free school sets, they were usually made from sunrise to sunset, and the catch rate was high before and after sunrise for skipjack tuna and before sunset for yellowfin tuna. On the other hand, for the FAD sets, more than 90% of them were made just before sunrise, and there were few operations during the daytime. The purpose of this study is to examine whether there are differences in the catch rate of skipjack and yellowfin tunas by operation time and by school type for Korean tuna purse seine fishery in the WCPO, which could be helpful in understanding its fishing characteristics and providing useful information for developing the stock indices of the target species.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.26 no.5
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• pp.33-46
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• 2023

In this study, carbon storage in the aboveground biomass, litter layer, and soil layer was calculated for abandoned mining restoration areas to determine the level of carbon storage after the restoration project through comparison with the ecological reference. Five survey sites were selected for each abandoned mining restoration area in Boryeong-si, Chungcheongnam-do, and the ecological reference that can be a goal and model for the restoration project. The carbon storage in the restoration area was 0~21.3Mg C ha^-1, the deciduous layer 3.3~6.0Mg C ha^-1, and the soil layer(0-30cm) 8.3~35.1Mg C ha^-1, showing a significant difference in carbon storage by target site. The total carbon storage was between 6.1 and 35.3% of the ecological reference, with restoration area ranging from 14.0 to 62.4 Mg C ha^-1. The total carbon storage in the restoration area and the ecological reference differed the most in the aboveground biomass and was less than 12%. Based on these results, forest restoration area need to improve the carbon storage of forests through continuous management and monitoring so trees can grow and restore productivity in the early stages of the restoration project. The results of this study can be used as primary data for preparing future forest restoration indicators by identifying the storage of abandoned mining restoration areas.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.57 no.1
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• pp.69-78
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• 2024

We have proposed a method for estimating the size-dependent mortality (M) of short-lived semelparous cephalopod species. To estimate the size-dependent mortality of a winter cohort of the common squid Todarodes pacificus, a commercially important cephalopod species in the North Pacific, we used the data and results of previous studies. On the basis of the bigger-is-better the steady-state hypothesis, we derived a theoretical mortality curve by assuming M as an inverse function of mantle length (ML). The derived constant for size-specific instantaneous mortality (q), assuming an embryonic survival rate of 86.6%, was 0.413 day^-1 mm in ML. Estimates of life-stage-specific M ranged from 0.0280 to 0.435 day^-1 for paralarvae, 0.00278 to 0.0269 day^-1 for juveniles, 0.00197 to 0.00275 day^-1 for pre-spawning adults, and 0.0913 to 0.0920 day^-1 for post-spawning adults. Sensitivity analyses showed that the derived size-dependent M did not significantly change with varying embryonic survival rates, from 48%, the lowest reported value, to 100%. Additionally, comparison of the length frequencies derived from our simulations with those derived from catch data did not show a significant difference, suggesting that our approach and procedures are reliable for stock assessment and management of the common squid.

• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.233-254
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• 2023

Purpose - This study aims to verify whether the effect of tax avoidance on corporate value is non-linear in the Korean financial markets. Design/methodology/approach - This study believes that the cause of the inconsistent empirical analysis results of previous studies that verified the relationship between tax avoidance and firm value may be an error in assuming linearity, and verifies whether a nonlinear relationship exists. The sample company in this study is a December settlement corporation listed on the Korean stock market, and the analysis period is from 2000 to 2021. In the empirical analysis model, Tobin's Q is used as a proxy for corporate value, tax avoidance is used as the main independent variable, and a regression model is designed with corporate size, growth rate, and debt ratio set as control variables. Findings - As a result of the empirical analysis, it can be confirmed that there is an inverted U-shaped nonlinear relationship between tax avoidance and corporate value. In the additional analysis using Ohlson (1995) firm valuation model for the robustness of the results of the empirical analysis, the same nonlinear value relationship between tax avoidance can be confirmed. Research implications or Originality - This study is considered to be meaningful in that it verifies the non-linear relationship of tax avoidance, which has not been attempted in previous studies. The meaning of the inverted U-shaped nonlinear relationship presented in this study is that corporate tax avoidance acts as a factor that increases corporate value up to a certain level, but rather becomes a factor that decreases corporate value when it exceeds a critical point. These results are expected to provide new perspectives and perspectives on tax avoidance to companies belonging to the Korean capital market.

• The Korean Journal of Financial Management
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• v.24 no.2
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• pp.147-181
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• 2007

Our article investigates the risk implication of ownership structure in life insurance companies. We set up a model to identify the priority structure of policyholder's and shareholder's cashflow claims, and to derive its implications. Current literature on this issue has focused on the agency paradigm or the risk-sharing efficiency. Fama and Jensen(1983a, 1983b) and Mayers and Smith(1981, 1986, 1988, 1990, 1994) argue that the survival of both the corporate and the mutual form of organization is due in part to the relative efficiencies in controlling agency problems. With regard to insurance business, agency problems arise because of the three functions inherent in the organizations:manager, risk-bearer(owner), and policyholder. Stock insurers are characterized by the potentially complete separation of all three functions while mutual insurers merger the policyholder with the ownership function. Doherty and Dionne(1993) and Doherty(1991) concentrate their analysis on differences in the efficiency of risk sharing between participating and non-participating policies. They argue that when the undiversifiable risk has higher portion in business risk, combining policy and equity claims into a single package is a more efficient risk-sharing contract than a simple prepaid risk-transfer. Among various methods for assembling the policy/equity package, Doherty and Dionne(1993) and Doherty(1991) suggest that policy/equity package offered by the mutual is the most efficient risk-sharing arrangement. There has been a controversy on the property of participating policies sold by life insurance corporations in Korea. Some scholars argue that participating policyholders of Korean life insurance companies have shared the cashflow risk with shareholders. They emphasize that insurance firms have used dividend reserves to supplement for equity deficits. Thus, they argue that the economic entities of Korean life insurance companies are mutual companies though their legal entities are corporations. Our article explicitly sets up each stakeholder's cashflow claim in stock and mutual insurers, and thus identify risk differences in shareholder and policyholder. Using our model, we could derive direct implications on the controversy. Our model shows that life insurance companies would sell participating policies since policyholders would have the incentive to share the risk inherent in their primary claims with equityholders. And there exists a fundamental difference in shareholder's risk and equityholder's.