• Journal of Distribution Science
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• v.15 no.4
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• pp.5-13
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• 2017

Purpose - This research analyzes the effects of Korean family ownership characteristics on firm value. The positive and negative effects of family ownership on Korean firm value were analyzed. If negative effects are evident, this research explores the factors that cause a decrease in firm value. Research design, data, and methodology - The study examined a total of 5,743 companies listed on the Korea Exchange from the period 2002 to 2012 using a panel data regression analysis. Result - An empirical analysis suggests that Korean family ownership diminishes firm value. Korean family firm value has been reduced when controlling shareholders are participated in management and pursue excessive wages, or make the management entrenchment effects associated with ownership-control disparity. When the controlling shareholders of family firms have increasing control rights over the shareholders' general meeting and the directors' board, the agency costs associated with seeking increasing executive wages or private benefits reduce firm value. Conclusions - This study has significance because it reveals the negative effect of family ownership in Korea on firm value. These negative effects can be the result of agency problems from controlling family shareholders seeking excessive wages or ownership-control disparity.

• International Commerce and Information Review
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• v.11 no.2
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• pp.233-257
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• 2009

The 21st century is witnessing the explosive increase in the usage of internet and international electronic transactions. Due to the unique characteristics of the electronic information, substantial part of such transaction can and do take the form of cross-border transactions. However, there have not been settled appropriate set of rules applicable to the international electronic transactions. Currently, in respect to e-L/C transactions in international trade, there are laws such as Electronic Transaction Basic Act in our country, E-Trade Promotion Act, E-Signature Law, Act on Promotion of Information and Communication Network Utilization and Information Protection and Marine Charter 5 in the Commercial Law. Nevertheless, a complete legislation, that is a uniform rule for e L/C which could support e L/C transactions fully hasn't been established yet. Accordingly, those laws concerned need to improve to regulate e-L/C transactions. The purpose of this paper is to look into the national status for law readjustment to prepare for a new electronic environment and to use appropriately the e-L/C issued by electronic means, and to conduct a comparative analysis on the related regulations to introduce a pertinent laws and propose related regulations to contribute to the making of effective laws to regulate e-L/C.

• Convergence Security Journal
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• v.16 no.4
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• pp.79-90
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• 2016

It is current status that currently-used 'electronic cash' cannot go beyond the physically and commonly-used as it is used by digitalizing the existing commodity money. Especially in case of bitcoin, though it is issued only by the activity called 'mining' without the issuing body and used in some countries in relatively-active way as it is admitted as the currency in the way that proves the transaction through 'BlockChain' in the form of P2P for the transaction among the individuals, it has several issues due to the characteristics it has. So, this research is willing to suggest the alternative plan to matter of policy, managerial and technical problems regarding the vitalization plan of bitcoin.

• Journal of Family Resource Management and Policy Review
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• v.7 no.2
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• pp.1-23
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• 2003

Entering into the mature stage of internet society, we need to understand people's internet using qualitatively. So, this study purposed to relate the types of internet usage and the types of household work using internet by the family except housewife. Web-based questionnaire were administered to 250 male and female subjects respectively. Results were as follows: First, types of internet usage were‘e-style’,‘self-actualization’, and‘family-oriented’. Second, the characteristics of e-style were white collar, college- graduated, and high income. And this type had positive attitude about internet, longer periods of usage, higher level of computer skill, longer usage time than my other types. Third, types of household work using internet were‘commitment in transaction’and‘strong involvement in family life’. fourth, the e-style and the self-actualization were related with the type of commitment in transaction and the family oriented was related with the type of strong involvement in family life. Finally, if the e-style increase, family members except housewife, there are trend of commitment in the household work.

• Journal of the Korea Society of Computer and Information
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• v.23 no.10
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• pp.73-80
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• 2018

The shared economy began with the concept of sharing the physical and intellectual assets of individuals with others. Nowadays, the concept of shared economy is becoming one of the industries as an enterprise type. Especially, with the development of the Internet and smart devices, various forms of shared economy have been developed in accordance with the need of sharing of individual income. Digital content is also a shareable commodity and it is seeking to utilize it as an item of shared economy. Accordingly, when digital contents are used as a shared economy, there are various possible threats -security threats that may arise in the course of transactions, potential for theft, alteration and hacking of contents. In this paper, we propose transaction method and content protection method using block chain-ethereum technology to reduce security threats and transparent transactions that can occur in digital contents transactions. Through the proposed method, the trust of the consumer and the supplier can be measured and the encryption can be performed considering the characteristics of the data to be traded. Through this paper, it is possible to increase the transparency of smart transaction of digital contents and to reduce the risk of content distortion, hacking, etc.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.31 no.4
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• pp.715-729
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• 2021

Bitcoin is one of the cryptocurrencies, which is decentralized and transparent. However, due to its anonymity, it is currently being used for the purpose of transferring funds for illegal transactions in darknet markets. To solve this problem, clustering heuristic based on the characteristics of a Bitcoin transaction has been proposed. However, we found that the previous heuristis suffer from high false negative rates. In this study, we propose a novel heuristic for bitcoin clustering using off-chain data. Specifically, we collected and analyzed user review data from Silk Road 4 as off-chain data. As a result, 31.68% of the review data matched the actual Bitcoin transaction, and false negatives were reduced by 91.7% in the proposed method.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.1189-1200
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• 2021

This study examines the role of perceived enjoyment, self-efficacy, and subjective norms as determinants of behavioral intention to use the OVO application. This study's target population is the users of the OVO application who have used it as an electronic transaction. This study's population was the OVO application users as an electronic transaction tool in Jember Regency. Samples were randomly selected at the time of the survey with specific criteria. The survey location is determined at the Plaza because it is a shopping center that mostly has payments at OVO partner merchants. The model empirically tested using data gathered from 150 respondents of OVO users. The research model was tested by using the structural equation modeling (SEM) approach. The results showed that all constructs in the original TAM model were statistically significant. Subjective norm has a positive effect on perceived usefulness, and perceived enjoyment positively affects perceived ease of use of OVO applications. On the other hand, applications' self-efficacy does not affect the perceived ease of using OVO applications for electronic transactions. This condition shows that subjective norms are dominant external individual perspectives compared to self-efficacy, which are personal internal characteristics in determining the behavioral intention of using OVO applications in electronic transactions.

• International Journal of Computer Science & Network Security
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• v.23 no.5
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• pp.128-134
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• 2023

The widespread usage of blockchain technology in cryptocurrencies has led to the adoption of the blockchain concept in data storage management systems for secure and effective data storage and management. Several innovative studies have proposed solutions that integrate blockchain with distributed databases. In this article, we review current blockchain databases, then focus on two well-known blockchain databases-BigchainDB and FalconDB-to illustrate their architecture and design aspects in more detail. BigchainDB is a distributed database that integrates blockchain properties to enhance immutability and decentralization as well as a high transaction rate, low latency, and accurate queries. Its architecture consists of three layers: the transaction layer, consensus layer, and data model layer. FalconDB, on the other hand, is a shared database that allows multiple clients to collaborate on the database securely and efficiently, even if they have limited resources. It has two layers: the authentication layer and the consensus layer, which are used with client requests and results. Finally, a comparison is made between the two blockchain databases, revealing that they share some characteristics such as immutability, low latency, permission, horizontal scalability, decentralization, and the same consensus protocol. However, they vary in terms of database type, concurrency mechanism, replication model, cost, and the usage of smart contracts.

• KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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• v.5B no.3
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• pp.238-242
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• 2005

In this paper, a surface permanent magnet motor made of the Soft Magnetic Composites (SMC) is analysed using the 3-D finite element method. By comparing with the motor made of the silicon steel sheets, the usefulness of the SMC for the eddy current loss is clarified quantitatively.

• Proceedings of the KIEE Conference
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• 2005.05a
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• pp.191-193
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• 2005

Flash memories are one of best media to support portable computer's storages. However, we need to improve traditional data management scheme due to the relatively slow characteristics of flash operation as compared to RAM memory. In order to achieve this goal, we devise a new scheme called Flash Two Phase Locking (F2PL) scheme for efficient data processing. F2PL improves transaction performance by allowing multi version reads and efficiently handling slow flash write/erase operation in lock management process.