• Asia-Pacific Journal of Business
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• v.12 no.3
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• pp.379-396
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• 2021

Purpose - The purpose of this paper is to study the rational payoff from the standpoint of foreign investors and the government when the government issues GDP-linked bonds to foreign investors. Design/methodology/approach - In this paper, the prices of 12 types of GDP-linked bond structures, which are classified according to the calculation cycle of the rate of change of linked GDP, the currency issued, and whether options are embedded, were evaluated. The Fama-French 3-factor model and the GMM-SDF model are used in the asset pricing model, and domestic and overseas investors used different basis assets. Findings - The KRW premium for US investors is estimated to be 43bp on a quarterly basis and 30bp on an annual basis, respectively, meaning that when the government issues bonds in KRW, the interest rate paid to US investors will be reduced by 30bp to 160bp (annually converted). Using the Fama-French 3 factor model, the KRW premium is the risk premium for the US market beta, meaning that if US investors do not intend to invest in US market beta, it is advantageous to receive an additional interest rate by investing in USD-denominated GDP-linked bonds. Korea's GDP- linked bond give US investors diversified investment utility, so they are willing to incorporate Korean GDP-linked bonds even if -150bp of interest is deducted from the structure issued to Korean investors. And as a result of estimating the value of the option through the GDP-linked bond with options that provides a floor for guaranteeing the principal, the value of the option linked to the annual GDP issued in dollars was the lowest. Research implications or Originality - Issuing dollar-denominated GDP-linked bonds linked to annual GDP with the option of guaranteeing the principal by the government is a way to increase investment opportunities for US investors and achieve financial stability of the government.

• Journal of Korean Association for Spatial Structures
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• v.22 no.2
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• pp.57-64
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• 2022

In this paper, the physical model and governing equations of a shallow arch with a moving boundary were studied. A model with a moving boundary can be easily found in a long span retractable roof, and it corresponds to a problem of a non-cylindrical domain in which the boundary moves with time. In particular, a motion equation of a shallow arch having a moving boundary is expressed in the form of an integral-differential equation. This is expressed by the time-varying integration interval of the integral coefficient term in the arch equation with an un-movable boundary. Also, the change in internal force due to the moving boundary is also considered. Therefore, in this study, the governing equation was derived by transforming the equation of the non-cylindrical domain into the cylindrical domain to solve this problem. A governing equation for vertical vibration was derived from the transformed equation, where a sinusoidal function was used as the orthonormal basis. Terms that consider the effect of the moving boundary over time in the original equation were added in the equation of the transformed cylindrical problem. In addition, a solution was obtained using a numerical analysis technique in a symmetric mode arch system, and the result effectively reflected the effect of the moving boundary.

• The Korean Journal of Quaternary Research
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• v.20 no.2
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• pp.1-10
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• 2006

Flooding hazard caused by natural and artificial environmental changes is closely associated with change in river bed configuration. This study is aimed at explaining a river-bed change related to soil erosion in the Keum river basin using GIS and RS. The USLE was used to compute soil erosion rate on the basis of GIS. River-bed profiles stretching from Kongju to Ippo were measured to construct a 3D-geomorphological map. The river-bed change was also detected by remote sensing images using Landsat TM during the period of 1982 to 2000 for the Keum river. The result shows that USLE indicates a mean soil erosion rate of $1.8\;kg/m^2/year$, and a net increase of a river-bed change at a rate of $+5\;cm/m^2$/year in the Kangkyeong area. The change in river-bed is interpreted to have been caused by soil erosion in the downstream of the Keum river basin. In addition river-bed change mainly occurred on the downstream of the confluence where tributaries and the main channel meet. Other possible river-bed change is caused by a removal of fluvial sand aggregates, which might have resulted in a net decrease of exposed area of sediment distribution between 1991 and 1995, while a construction of underwater structures, including a bridge, a reclamation of sand bars for rice fields and dikes, resulted in an increase of the exposed area of river-bed due to sediment accumulation.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.38C no.6
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• pp.503-511
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• 2013

This paper presents a speech enhancement method using non-negative matrix factorization. In training phase, we can obtain each basis matrix from speech and specific noise database. After training phase, the noisy signal is separated from the speech and noise estimate using basis matrix in enhancement phase. In order to improve the performance, we model the change of encoding matrix from training phase to enhancement phase using independent Gaussian distribution models, and then use the constraint of the objective function almost same as that of the above Gaussian models. Also, we perform a smoothing operation to the encoding matrix by taking into account previous value. Last, we apply the Log-Spectral Amplitude type algorithm as gain function.

• Journal of the Korean Society of Marine Environment & Safety
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• v.27 no.2
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• pp.324-339
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• 2021

In this study, we determined the correlation between the wave characteristics and the change in the area of Haeundae Beach, conducted regression analysis between the wave characteristics and the change in beach area, and derived a formula for calculating the change in beach area. The change in beach area was calculated by applying the derived formula to wave observation data corresponding to a period of approximately 10 months, and the formula was subsequently validated by comparing the obtained results with the observed area. It is found that the error associated with the formula for calculating the change in beach area ranges from 1.5 m to 2.7 m based on the average beach width, and the correlation coefficient corresponding to the observed area ranges from 0.91 to 0.94. Furthermore, it is observed that the change in beach area is af ected by the wave direction in the western zone, wave height in the central zone, and wave height and wave period in the eastern zone. These results can contribute to understanding the impact of a coastal improvement project on the beach area fluctuation characteristics of Haeundae Beach and the ef ectiveness of such a coastal improvement project. By applying the aforementioned derived formula to highly accurate wave prediction data, the change in beach area can be calculated and incorporated for predicting significant long-term changes in beach areas. Furthermore, such a prediction can be considered as the basis for making decisions while establishing preemptive countermeasure policies to prevent coastal erosion.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.22 no.2
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• pp.151-159
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• 2004

The diversity, expansion of human activity and rapid urbanization make modem society to faced with problems like damage of nature and drain of natural resources. Under these circumstances rapid and accurate change detection techniques, which can detect wide range utilization changes, are needed for efficient management and utilization plan of national territory. In this study to perform change detection from remote sensing images, space analysis technique contained in Geographic Information System is applied. And from this technique, the software. that can execute new change detection algorithm, query, inquiry and analysis, is produced. This software is on the basis of graphic user interface and has many functions such as format conversion, grid calculation, statistical processing, display and reference. In this study, simultaneously change detection for multi-temporal satellite images can be performed and integrated one change image about four different periods was produced. Further more software user can acquire land cover change information for an specific area through querying and questioning about yearly changes. Finally making of every application module for change detection into one window based visual basic program, can be produced user convenience and automatic performances.

• International Journal of Computer Science & Network Security
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• v.22 no.10
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• pp.57-66
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• 2022

The aim of the article is to investigate socio-political processes in Ukraine on the basis of institutional and behavioral approaches, in particular their regulatory and informational support. Methodology. To determine the nature and content of sociopolitical processes, the following approaches have been used: 1. Institutional approach in order to analyze the development of Ukraine's political institutions. 2. The behavioral approach has been used for the analysis of socio-political processes in Ukraine in the context of political behavior of citizens, their political activity which forms the political culture of the country. Results. The general features of the socio-political situation in Ukraine are as follows: the formed model of government, which can be conditionally described as "presidential"; public demand for new leaders remains at a high level; the society has no common vision of further development; significant tendency of reduction of real incomes of a significant part of the society and strengthening of fiscal pressure on businessmen will get a public response after some time. Increasing levels of voice, accountability, efficiency of governance and the quality of the regulatory environment indicate a slow change in the political system, which will have a positive impact on public sentiment in the future. At the same time, there has been little change in the quality of Ukraine's institutions to ensure political stability, the rule of law and control of corruption. There are no cardinal changes in the development of the institution of property rights, protection of intellectual rights, changes in the sphere of ethics and control of corruption. Thus, Ukraine's political institutions have not been able to bring about any change in the social-political processes. Accordingly, an average level of trust and confidence of citizens in political institutions and negative public sentiment regarding their perception and future change can be traced in Ukraine.

• The Korean Journal of Ecology
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• v.23 no.2
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• pp.117-123
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• 2000

Changing patterns and the possibility of climate change in the area of Cheiudo island, the southernmost Island in Korea, were analyzed using daily temperature and Precipitation data observed at the Cheiu Regional Meteorological Office from May 1923 to December 1998. A hydrologic simulation model "BROOK" was used to simulate and analyze the dynamics of daily soil moisture content and soil moisture deficit by applying the daily weather data. During the period, significantly increasing pattern was observed in temperature data of both annual and monthly basis, while no significantly changing pattern was observed in precipitation data. During the last 76 years. mean annual temperature was observed to have risen about 1.4$^{\circ}C$, which may show the Possibility of the initiation of climate change on the island whose validity should be tested in future studies after long-term studies on temperature. Based on the simulation, due to increased temperature, significant increase was predicted in evapotranspiration. while no significant decrease was detected in simulated soil moisture content during the period. Changing pattern of annual soil moisture content was markedly different from those of precipitation. In some dominant trees, negative effects of the drought of the late season for the previous year were shown to be statistically significant to radial growth of the tree for the current year. As annual variation of radial growth of trees is mainly affected by the soil moisture content. the information on the dynamics of soil moisture deficit possibly provides us with useful information for the interpretation of tree growth decline on the mountain. mountain.

• Journal of Climate Change Research
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• v.9 no.4
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• pp.445-452
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• 2018

The field of agriculture, forestry, and other land-use (AFOLU) is concerned with greenhouse emissions of agriculture (crop and livestock), as is the field of land-use, land-use change, and forestry (LULUCF). The 1996 IPCC guideline and the 2006 IPCC guideline are used in combination for calculation of greenhouse gas emission from the agricultural sector, and the 2003 IPCC guideline is used for that from the land-use sector. In this research, we analyzed GHG emissions of the cropland sector in AFOLU based on the 2006 IPCC guideline. The results showed that GHG emissions of 1990 was $-504Gg{\cdot}CO_2-eq$, while that of the last year was $2,871Gg{\cdot}CO_2-eq$. Compared with the 2003 methodology, total emissions according to the 2006 IPCC was lower except in 1997 and 2003. This trend is due to difference of analyzed emission sources, lower default values, and global warming potential by the 2006 IPCC. The results are estimated using limited data at the Tier 1 level and the first issue to be solved is the activity data from the land-use change matrix. Although this result should be improved, it can be used as the basis for calculating GHG emissions of the AFOLU sector.

• Korean Institute of Interior Design Journal
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• v.21 no.5
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• pp.254-263
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• 2012

This study found out the change of spacial form of detached house in Korea on a 10-year basis from 1980s though analysis on the architecture of each period. For the subject houses of this study, the detached houses introduced repeatedly as excellent cases in technical journals for architecture were collected among those completed by architects who designed numerous houses and a survey was conducted on 18 detached houses of 18 architects among the in urban style houses in Seoul and suburban style houses in the suburbs of Seoul. Through this study, it could be found that, as the morphological application of traditional architecture was settled with spatial concept, the external spatial form of the detached houses in Korea after 1980s was changed to westernized form but the internal spacial form had been continuously changing suitable to our emotion by reflecting the living habit and taste with the traditional attitude to perceive and accept the nature. As for the change in the forms of interior space, vertical space with more than two floors became common. Front porch and stair hall, which were located at the center of a house and became an important spacial element that overlapped family's moving line, changed to open and bright space that used transparent glass and increased the space to contact the open air, reflecting our living habit and taste that preferred the feeling of internal openness. A Private space, main room, was more segmented and luxurious, and a public space, living room, secured the independency by getting close to symbolic yard. As for the change in the form of exterior space, the form of façade window has been changing in its location and size and brought free images due to the advancement of technology and material. The shape of roofs was borrowed from western style and a lot of geometrical forms that break away from the concept of angle rater and eaves are appearing.