• Journal of Plant Biology
• /
• v.15 no.2
• /
• pp.1-6
• /
• 1972

Cultivar Yeollow Special A, the most leading Korean economic leaf tobacco in Korea, were field-cultivated in four different localities of Korea for the period of two years (1970 and 1971) and sprayed at varied levels of 2-chloroethyl phosphonic acid (CEPA) for foliar application few days after topping. While no striking difference in leaf yield by weight was obtained among the treatments when compared with control, leaf quality as expressed for shipment price in won tended when compared with control, leaf quality as expressed for shipment price in won tended to improve. The treated leaves with 300 to 900 ppm of CEPA (approximately 140 1/acre of 500 ppm) not only showed yellowing and accelerated maturity to pick 4 to 5 days with practicable optimal level earlier than control, but also speeded up to take nearly with practicable optimal level earlier than control, but also speeded up to take nearly last half of the total time required for the five stages of flue-curing. It is therefore considered that CEPA is as effective maturity-accelerating agent and useful as known for other solanaceous plants showing climacteric stage respiration, and discussions were made about physiological actions of ethylene gas released from CEPA at plant tissues sprayed.

• Environmental and Resource Economics Review
• /
• v.20 no.2
• /
• pp.229-254
• /
• 2011

In this paper, we decomposed Greenhouse-Gas emissions of Korea's manufacturing industry using LMDI (Log Mean Divisia Index) method. Changes in $CO_2$ emissions from 1991 to 2007 studied in 5 different factors, industrial production (production effect), industry production mix (structure effect), sectoral energy intensity (intensity effect), sectoral energy mix (energy-mix effect), and $CO_2$ emission factors (emission-factor effect). By results, the structure effect and intensity effect has a role of reducing GHG emissions and The role of structure effect was bigger than intensity effect. The energy mix effect increased GHG emissions and emission-factor effect decreased GHG emissions. By time series analysis, IMF regime affected the GHG emission pattern. the structure effect and intensity effect in that regime was getting worse. After 2000, in the high oil price period, the structure effect and intensity effect is getting better.

• Environmental and Resource Economics Review
• /
• v.16 no.1
• /
• pp.27-63
• /
• 2007

Using the CGE model, this paper investigates economic impacts of a shortage in crude oil resulting from voluntary export restraints, OPEC's agreement of a cut in oil production, and/or a storing on speculation. Unlike most previous studies considering oil price as the unpredictable variable, this study constructs the model to determine the oil price endogenously under the condition of an insufficient supply of crude oil. According to IEA's extraordinary steps for a shortage of crude oil, we investigate an economic impact of 7~12% shortage below the level of business as usual. The results show that oil price soars by 17.3~33.5%, the rate of economic growth falls by 0.52~0.96%p, and the consumer price index(CPI) rises by 0.8~1.51%p. These results imply that increasing in 1%p of oil price results in decreasing in 0.03%p of economic growth and increasing in 0.045%p of consumer price index. The production of electricity declines because of the increase in production cost. A shortage of crude oil has an effect on sources of electricity. Most reduction in electricity generation occurs from the reduction in the thermal power generation which is highly dependent on crude oil. The shortage of crude oil causes demand for petroleum to significantly decline but demand for coal and heat to increase because of the substitution effect with petroleum. Demand for gas rise in the first year but falls from the second year.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
• /
• 2003.10a
• /
• pp.329-332
• /
• 2003

This paper the self fuel filling system was investigated in order to improve the manual system. This process can be conducted by credit cards and cash automatically even though the drivers don't know how to use a lubricator. Normal gas stations interface simple circuits not to by a lubricator so it can go side by side with self-refueling. This system give convenience for drivers and decrease oil price reducing handwork for gas station. This effect will be able to strengthen outside competitive power of gas station.

• Journal of Industrial Convergence
• /
• v.22 no.6
• /
• pp.13-23
• /
• 2024

In this study, the optimal level of CER issuance price in the energy industry was estimated using a real options considering the uncertainty of emission price. As a result of the analysis, the break-even point for CDM projects in the energy industry registered by UNFCCC from December 2012 to the end of 2021 was 0.64-36.69 euros per ton of CO2 for each individual project. More closely, the emission permit price that reaches the break-even point when NPVw/o CER+ NPVCER ≥ 0 is estimated to be 12.10 euros on average, and the emission permit price that reaches the break-even point when NPVw/o CER + NPVCER ≥ option value is estimated to be 12.63 euros on average. Meanwhile, the option value using real options to reduce business uncertainty is about 19% at the 1-5 euro per ton level, about 11% at the 5-10 euro per ton level, and about 5% at the 10-15 euro per ton level. It was analyzed that there was an effect of increasing emissions prices due to uncertainty reduction. The results of this study may be useful to greenhouse gas reduction project entities, including investors, project operators, and companies with potential mandatory reductions.

• Proceedings of the KIEE Conference
• /
• 1999.07e
• /
• pp.2007-2009
• /
• 1999

In this paper, discharge domain of wire-cylindrical plasma reactor was separated from a gas flow duct to avoid unstable discharge by aerosol particle deposited on discharge electrode and grounded electrode. The NOx, SOx removal was experimentally investigated by a reaction induced to ammonium nitrate, ammonium sulfate using a low price of aqueous NaOH solution and a small quantity of ammonia. Volume percentage of aqueous NaOH solution used was 20% and $N_2$ flow rate was 2.5[$\ell$/min] for bubbling aqueous NaOH solution. Ammonia gas(14.82%) balanced by argon was diluted by air and was introduced to a main simulated flue gas duct through $NH_3$ injection system which was in downstream of reactor. The $NH_3$ molecular ratio[MR] was determined based on $NH_3$ to [NO+$SO_2$]. MR is 1.5. The NOx removal rates increased in the order of DC, AC and pulse, but SOx removal rates was not significantly effected by source of electricity. The NOx removal rate slightly decreased with increasing initial concentration but SOx removal rate was not significantly effect by initial concentration, and NOx, SOx removal rates decreased with increasing gas flow rate.

• Journal of Korea Trade
• /
• v.27 no.5
• /
• pp.167-198
• /
• 2023

Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.

• Environmental and Resource Economics Review
• /
• v.26 no.4
• /
• pp.519-547
• /
• 2017

This paper explores whether it is better to forecast city gas demand in Korea using national level data directly or, alternatively, construct forecasts from regional demand models and then aggregate these regional forecasts. In the regional model, we consider gas demand for Seoul metropolitan and the other local areas. Our forecast evaluation exercise for 2013-2016 shows the regional forecast model generally outperforms the national forecasting model. This result comes from the fact that the dynamic properties of each region's gas demands can be better taken into account in the regional demand model. More specifically, the share of residential gas demand in the Seoul metropolitan area is above 50%, and subsequently this demand is heavily influenced by temperature fluctuations. Conversely, the dominant portion of regional gas demand is due to industrial gas consumption. Moreover, electricity is regarded as a substitute for city gas in the residential sector, and industrial gas competes with certain oil products. Our empirical results show that a regional demand forecast model can be an effective alternative to the demand model based on nation-wide gas consumption and that regional information about gas demand is also useful for analyzing sectoral gas consumption.

• Journal of Energy Engineering
• /
• v.17 no.3
• /
• pp.139-144
• /
• 2008

Recently due to march as the high oil price, It is necessary for Korea to grope a plan, which is to increase the energy efficiency of existing facilities as well as to develop overseas gas and oil resources. With this point, this work carried out to approach the high pressure LNG pipeline network of Inchon receiving terminal with Newton method as corrective flowrate. We found that the high pressure network mainly depends on FCVs(Flow Control Valves). The high pressure pump showed the maximum efficiency at the FCVs of 50% opening and could discharge LNG only above the LNG head of 1,500m from a system curve obtained. The operating cost of pumps was estimated from their operating points. We compared the operating cost under normal operation with the operating cost under maximum efficiency. Especially, we obtained the day savings of a year as wells as the hour savings of a day. From the results, the high pressure network win be able to reduce the operating cost of 138 million wons in a year. This means that a pump can reduce the operating cost of 9,823 thousands won. Consequently, this work could find the operating features of the pumps under the complicated high pressure LNG network and the savings effect of the pump operating cost. Also, the results will be able to macroscopically contribute the heightening of national energy competitiveness as well as to microscopically contribute the future effective operation of LNG receiving terminal.

• Journal of the Korean Institute of Gas
• /
• v.24 no.6
• /
• pp.34-46
• /
• 2020

In order to supply stable natural gas in the future, it is necessary to forecast the demand in advance and secure the quantity of supply. In this paper, we propose a method of estimating the demand function of industrial natural gas, which is the core of the increase of domestic natural gas demand in the future. The cross-sectional data of 304 domestic industries were used to estimate the demand function of the industrial natural gas, and the effect of industry specific characteristics such as capital investment, manufacturing cost. Finally, the least absolute deviation estimation method which is robust to outliers and does not assume the homogeneity of the error term and the normality, And the results were derived. In addition, the economic value of industrial city gas was estimated using the price elasticity of industrial city gas. Therefore, it can be seen that the continuous expansion and supply of city gas to the industrial sector is beneficial at the national level, and the government needs to promote expansion through the industrial city gas support policy.