• The Journal of Society for e-Business Studies
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• v.23 no.3
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• pp.13-32
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• 2018

Btcoin has made a big progress through anonymity, decentralized authority, sharing economy, multi-ledger book-keeping, block-technology and the convenient financial vehicle. Bitcoin has the characteristics of mining and supply by decentralized suppliers, limited supply quantity and the partial money-like function as well as gold. The paper studies the hedge and safe-haven of Bitcoin and gold on daily frequency data over the period of July 20, 2010-Dec. 27, 2017 employing Asymmetric Vector GARCH. It finds that gold has the hedge and safe-haven against inflation and capital markets while Bitcoin has the weak hedge and the weak safe-haven. It shows insignificant effects of inflations of US and Korea on the volatilities of Bitcoin and gold. It also suggests the necessity of clearing of vagueness behind the anonymity for fair and transparent trade through the law application in the absence or fault in law (Lucken im Recht). following the spirit of the living constitution (lebendige gutes Recht oder Vorschrift). The relevant institutions are hoped to be given some of obligations such as registration, minimum required capital. report, disclosure, explanation, compliance and governance with autonomous corresponding rights. The study also suggests the reestablishment of the relevant financial law and taxation law. The hedge would not be successfully accomplished without the vigilant cautions of investors.

• Journal of the Korea Society of Computer and Information
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• v.18 no.10
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• pp.207-216
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• 2013

The A low-cost carriers(LCC)' website represents their public face to the world. Futhermore, distribution through their own websites is generally regarded as the being most cost effective for airlines The Internet website has become an effective marketing vehicle for low-cost carriers(LCC). The objective of this study was to examine theoretical relationship of website quality, e-satisfaction, e-trust, and e-loyalty to the low-cost carriers' website. The study sample included respondents who had visited any LCC websites in the last 12 months. Data were collected by conducting a web-based survey to maintain respondents' anonymity and overcome time and place constraints. From the 334 usable data obtained, hypotheses are tested using structural equation modeling. The results indicate that website quality, e-satisfaction, and e-trust are antecedents of e-loyalty in loyalty relationships between passengers and low-cost carriers' websites. Website quality positively influences e-satisfaction, e-trust while e-satisfaction. However, contrary to our expectation, e-satisfaction has a negative effect on e-trust. Managerial implications are provided following presentation of the findings.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.18 no.5
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• pp.115-124
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• 2008

In vehicular networks, vehicles should be able to authenticate each other to securely communicate with network-based infrastructure, and their locations and identifiers should not be exposed from the communication messages. however, when an accident occurs, the investigating authorities have to trace down its origin. As vehicles communicate not only with RSUs(Road Side Units) but also with other vehicles, it is important to minimize the number of communication flows among the vehicles while the communication satisfies the several security properties such as anonymity, authenticity, and traceability. In our paper, when the mutual authentication protocol is working between vehicles and RSUs, the protocol offers the traceability with privacy protection using pseudonym and MAC (Message Authentication Code) chain. And also by using MAC-chain as one-time pseudonyms, our protocol does not need a separate way to manage pseudonyms.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.20 no.4
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• pp.41-52
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• 2010

Message authentication is an essential security element in vehicular ad-hoc network(VANET). For a secure message authentication, integrity, availability, privacy preserving skill, and also efficiency in various environment should be provided. RAISE scheme has been proposed to provide efficient message authentication in the environment crowded with lots of vehicles and generally considered to be hard to provide efficiency. However, as the number of vehicles communicating in the area increases, the overhead is also incurred in proportion to the number of vehicles so that it still needs to be reduced, and the scheme is vulnerable to some attacks. In this paper, to make up for the vulnerabilities in dense vehicular communication network, we propose a more secure and efficient scheme using a process that RSU(Road Side Unit) transmits the messages of neighbor vehicles at once with Bloom Filter, and timestamp to protect against replay attack. Moreover, by adding a handover function to the scheme, we simplify the authentication process as omitting the unnecessary key-exchange process when a vehicle moves to other area. And we confirm the safety and efficiency of the scheme by simulating the false positive probability and calculating the traffic.