• Journal of Korea Port Economic Association
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• v.38 no.4
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• pp.87-106
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• 2022

Uncertainties in the energy market are increasing due to technology developments (shale revolution), trade wars, COVID-19, and the Russia-Ukraine war. Especially, since 2020, the risk of international trade in the energy market has increased significantly due to changes in the supply chain of transportation and due to prolonged demand reduction because of COVID-19 and the Russian-Ukraine war. Considering these points, this study analyzed connectedness between energy price, tanker index, and uncertainty to understand the connectedness between international trade in the energy market. Main results are summarized as follows. First, as a result of analyzing stable period and unstable period of the energy price model using the MS-VAR model, it was confirmed that both the crude oil market model and the natural gas market model had a higher probability of maintaining stable period than unstable period, increasing volatility by specific events. Second, looking at the results of the analysis of the connectedness between stable period and unstable period of the energy market, it was confirmed that in the case of total connectedness, connectedness between variables was increased in the unstable period compared to the stable period. In the case of the energy market stable period, considering the degree of connectedness, it was confirmed that the effect of the tanker freight index, which represents the demand-side factor, was significant. Third, unstable period of the natural gas market model increases rapidly compared to the crude oil market model, indicating that the volatility spillover effect of the natural gas market is greater when uncertainties affecting energy prices increase compared to the crude oil market.

• The Journal of the Convergence on Culture Technology
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• v.8 no.4
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• pp.173-179
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• 2022

Through the 2014 Donbas conflict and the 2022 Ukraine-Russia war, we are experiencing that the command of the air is no longer only secured by the Air Force. Long-range surveillance reconnaissance and strikes carried out by the Air Force could be replaced by drones and missiles, and the enemy's aerial attacks could be controlled by air defense systems such as Panchir and portable anti-aircraft missiles, allowing ground forces to carry out maneuvers freely. In other words, it is much more advantageous for the air force and the navy to take control of the air through long-distance operations, and the ground forces should support them. Therefore, this study aims to consider the cost-effectiveness aspect of the delivery command of the air; it provides implications for quickly responding to enemy air attacks by developing the air defense weapon system, drones, missiles, precision-guided munitions, etc rather than focusing on expensive fighter jets.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.4
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• pp.218-228
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• 2023

Maintaining sea superiority through successful mission accomplishments of warships is being proved to be an important factor of winning a war, as in the Ukraine-Russia war. in order to ensure the ability of a warship to perform its duties, the survivability of the warship must be strengthened. In particular, among the survivability factors, vulnerability is closely related to a damage assessment, and these vulnerability data are used as basic data to measure the mission capability. The warship's mission capability is usually measured using a wargame model, but only the operational effects of a macroscopic view are measured with a theater level resolution. In order to analyze the effectiveness and efficiency of a weapon system in the context of advanced weapon systems and equipments, a warship's mission capability must be measured at the engagement level resolution. To this end, not the relationship between the displacement tonnage and the weight of warheads applied in the theater level model, but an engagement level resolution vulnerability assessment method that can specify physical and functional damage at the hit position should be applied. This study proposes a method of measuring a warship's mission capability by applying the warship vulnerability assessment method to the naval engagement level analysis model. The result can be used as basic data in developing engagement algorithms for effective and efficient operation tactics to be implemented from a single unit weapon system to multiple warships.

• Journal of Navigation and Port Research
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• v.48 no.3
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• pp.206-213
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• 2024

This paper aims to investigate the causal relationship between geopolitical risk and stock price volatility in the shipping industry. Given its international nature and dependence on global trade, this industry is exposed to various uncertainties and risk factors. This study specifically focuses on the impact of geopolitical risk, which has gained significant attention in recent years due to events such as the Russia-Ukraine War and the Israel-Hamas War. To analyze this relationship, the study utilizes vector autoregressive model-based causality tests. The research estimates the causal relationship between geopolitical risk indicators and the stock price volatility of five shipping companies listed on the Korea Exchange. The study covers the period from 2000 to 2023. The results indicate the following: Firstly, an increase in geopolitical risk leads to a rise in stock price volatility for shipping companies. Moreover, the impact of actual geopolitical events, rather than just diplomatic disputes, is statistically significant. Lastly, the impact of geopolitical risk is particularly significant in the bulk shipping sector.

• Journal of Radiation Industry
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• v.17 no.4
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• pp.411-416
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• 2023

From Cold War, Nuclear weapons have emerged military power into a very dangerous and important way of each national security. Throughout the era, the U.S. had stationed nuclear weapons in South Korea. But President George Bush initially started the withdrawal of nuclear tactical weapons deployed abroad in 1991. After that, under the protection of the nuclear umbrella, South Korea guarantees that the United States would operate its nuclear weapons to protect South Korea if it would be needed and the economy of South Korea has rapidly developed as more strong countries in the world. However, South Korea has seen and been realized the present state from the recent war between Russia and Ukraine. The protection of the U.S. nuclear umbrella from nuclear weapons and ballistic missiles of North Korea is unlikely to be permanently guaranteed. At the same time, South Korea should consider the security environment changes of surrounding nations such as China as military power acceleration and Russia as re-formation ambition. Because of these reasons, South Korea independently wants to protect itself and have the own nuclear weapons as a way to counter security threats. A majority of South Koreans also definitely believe that North Korea will not denuclearize or give up because North Korea has been having nuclear weapons as the final survival strategy of Kim Jong Un's regime. However, South Korea considers and makes new nuclear strategy through the role and effect of nuclear deterrence strategy in dispute between India and Pakistan and how to overcome the paradox of nuclear deterrence strategy. Therefore, this research is to suggest the effective nuclear deterrence strategy of South Korea from new security threats of surrounding nations through dispute between India and Pakistan. The focus of this research is that what is the role and paradox of nuclear deterrence strategy in dispute between India and Pakistan and how to find the effective nuclear deterrence strategy of South Korea.

• Journal of Navigation and Port Research
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• v.46 no.5
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• pp.449-457
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• 2022

The Port of Busan is currently ranked as the seventh largest container port worldwide in terms of cargo throughput. However, port competition in the Far-East region is fierce. The growth rate of container throughput handled by the port of Busan has recently slowed down. In this study, we analyzed how economic conditions and multiple external shocks could influence cargo throughput and identified potential implications for port business. The aim of this study was to build a model to accurately forecast port throughput using the ARIMA model, which could incorporate external socio-economic shocks, and the VEC model considering causal variables having long-term effects on transshipment cargo. Findings of this study suggest that there are three main areas affecting container throughput in the port of Busan, namely the Russia-Ukraine war, the increased competition for transshipment cargo of Chinese ports, and the weaker growth rate of the Korean economy. Based on the forecast, in order for the Port of the Port of Busan to continue to grow as a logistics hub in Northeast-Asia, policy intervention is necessary to diversify the demand for transshipment cargo and maximize benefits of planned infrastructural investments.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.8
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• pp.7-17
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• 2022

The article discusses the problems caused by inflation in the developing Asia-Pacific region during the time of the worldwide pandemic and suggests innovative solutions to the problem. The reality is that some of the commodity groups from the consumer basket (e.g., non-seasonal fruits, electronics, furniture, hotel, and restaurant services, etc.) fail to reflect the needs of the low-income earners, which make the majority in developing countries. At the same time, the inflation targeting regime has become outdated and not reliable, because of uncontrolled exogenic factors (imported inflation, fluctuation in oil prices, supply chain disruption, Russia-Ukraine war, etc.) prevailing on endogenic factors and thus making it impossible to control the price stability, especially in developing countries. Since, the old-fashioned inflation index and inflation targeting mechanisms regrettably fail to fully reflect both the society and governmental/central banks' expectations, based on which we first should have better care and second create better policies; we propose to use a combination of already well-known indexes and policies, with the new statistical indicators, which reflects price fluctuations on the medication, utilities, and nutrition.

• Safety and Health at Work
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• v.13 no.3
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• pp.261-262
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• 2022

Globally, it is estimated that the number of people living outside of their country of origin reached 281 million in 2020. The primary drive of those migrants when migrating voluntarily is work to increase their income and provide for their families left behind in their home countries. Those who migrate immediately seek means of income to sustain themselves through a perilous process as currently evidenced in the war in Ukraine and not too long ago in Syria and Venezuela. Unfortunately, migrant workers are globally known to predominantly be working in "4-D jobs"- dirty, dangerous, and difficult and discriminatory; the fourth D was recently added to acknowledge the discriminatory aspect and other social determinants of health migrant workers face in their host country while exposed to precarious work. Consequently, migrant workers are at considerable risk of work-related illnesses and injury but their health needs are critically overlooked in research and policy. Recognizing the UN Universal Declaration of Human Rights "Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment", we cannot consider any human life - thus, the life of migrant workers - as dispensable through a structural discriminatory process that undervalues their occupational safety and health, livelihood and the contribution these workers bring to their host countries. This was seen during the preparation for the upcoming world cup in Qatar where migrant workers were exposed to a multiplicity of serious hazards including deadly heat hazards.

• Convergence Security Journal
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• v.24 no.1
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• pp.95-105
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• 2024

Although the importance of reserve forces has been emphasized again since the outbreak of the Ukraine War, there is a serious shortage of so-called mid-level officers such as field officers, non-commissioned officers, sergeants, and sergeant s in the Army. This is because, according to related laws such as the Military Personnel Mannagement Act, mid-level executives who have served for more than 20 years can choose to retire. To solve this problem, we studied recent papers spanning 10 years from April to July 2023. As a result of the study, first, mid-level executives must serve in the reserve forces for at least 5 years after expiration of active duty service. Second, the reserve force promotion system must be reorganized to eliminate restrictions on number and rank. In addition, the significance and implications of the study and future directions were discussed.

• The Journal of the Convergence on Culture Technology
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• v.10 no.4
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• pp.431-435
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• 2024

This study aims to analyze cases of drone psychological warfare in modern conflicts and examine their effects and limitations. Focusing on the cases of the United States, Israel, and Ukraine, the study investigates the impact of drone-based surveillance, attacks, and propaganda activities on the morale and combat will of enemy forces. The findings indicate that drone psychological warfare has a significant effect in pressuring the enemy psychologically and weakening their will to fight. However, it also entails serious side effects, such as civilian casualties and controversies over violations of international law, which calls for an ethical review. This study is significant in providing a foundation for in-depth discussions on the effectiveness and ethics of drone psychological warfare.