• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.10 no.3
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• pp.133-146
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• 2015

This study is to investigate the causal relationship between exchange hedge and the net income of the shipbuilder through the unit root test and co-integration and vector autoregressive model(Vector Autoregressive Model: VAR). First, quarter net income of shipbuilders to order a unit root tests from 2000 to 2013 was used as a value after the Johnson transformation. In the same period, the return on bond futures(KTBF), three years bond yield(KTB3Y), America-Korea exchange differences are weekly data for each quarterly difference in value was converted by utilization, shipbuilding shares after log transformation which it was used. Also, structural change point investigation analysis to verify that looked to take advantage of the structural changes occur in the exchange hedge strategies affecting net income in the shipbuilding industry. Between the exchange hedge and net income of shipbuilders in structural change points detection and analysis showed that structural changes occur starting in 2004. In other words, strategy of shipbuilders about exchange hedge has occurred from "passive exchange hedge" to "active exchange hedge". The exchange hedge of the Korea shipbuilders through the estimation of the VAR was able to grasp that affect the profitability of mutual shipbuilders. Macroeconomic variables and stock prices could also check to see that affected the net income of the shipbuilding industry.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.27 no.3
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• pp.253-260
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• 2016

This paper proposes a planar Log-Periodic Dipole Array(LPDA) antenna with light-weight supporting structure for installing on an aircraft. The proposed antenna is designed by applying a planar skeleton supporting structure that has light-weight for an aircraft and is capable of withstanding structural vibration. The material of the planar skeleton supporting structure is a Polyether ether ketone(Peek) which has excellent characteristics on strength and temperature. The proposed antenna is fabricated by attaching the radiating elements of the LPDA on both sides of the supporting structure. The changed input impedance due to the dielectric material of the supporting structure was compensated for by controlling the distance and length of several radiating elements. The 10-dB return loss bandwidths of the designed planar LPDA antenna with light-weight supporting structure are obtained as 0.4~3.1 GHz(7.3:1) in the simulation and 0.41~3.5 GHz(8.2:1) in the measurement. The average gains in 0.5~3 GHz band are 6.77 dBi in the simulation and 6.55 dBi in the measurement. Therefore, we confirm that the designed antenna is appropriate to be installed on an aircraft due to its light-weight structure and wideband directional radiation characteristics.

• Journal of the Korean Association of Geographic Information Studies
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• v.6 no.1
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• pp.119-131
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• 2003

Rainfall-runoff process is under the control of hydrologic parameters having temporal and spatial variety. Accordingly, it is difficult to efficiently deal them since many parameters and various information are required to perform hydrologic simulation. So the purposes of this study is to estimate the runoff volume by frequency using GIS techniques and NRCS method. The analysis of frequency rainfall is analyzed using FARD 2002 program and the result of goodness of fit test show that Log-pearson type III is suitable distribute type for the applied area. TOPAZ program used for the analysis of DEM data examining into geological characteristic. NRCS curve numbers estimated using landuse map and soil map for the estimation of effective rain fall in the basin. The storm Type II and Type III were used as the type for the application of NRCS. The result of application show that the runoff volumes above 80 years frequency in return period have similar patterns regardless of Type II and Type III. In addition, the results of comparison with runoff volumes by frequency in the report of river improvement master plan show that it have similar volumes as the relative errors for them of 80, 100 years frequency are each 7.65%, 5.33%.

• Journal of the Economic Geographical Society of Korea
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• v.17 no.2
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• pp.280-295
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• 2014

This paper analyzes the topological structure of housing market networks with an application of minimal spanning tree method into apartment sales markets in the Capital Region over the period 2003.7-2014.3. The characteristics of topological network structure gained from this application to some extent share with those found in equity markets, although there are some differences in their intensities and degrees, involving a hierarchical structure in networks, an existence of communities or modules in networks, a contagious diffusion of log-return rate across nodes over time, an existence of correlation breakdown due to the time-dependent structure of networks and so on. These findings could be partially attributed to the facts that apartments as a quasi-financial asset have been strongly overwhelmed by speculative motives over the period investigated and they can be regarded as a housing commodity with the highest level of liquidity in Korea.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.13 no.2
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• pp.183-190
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• 1993

It is desirable to utilize the result after studying the rainfall characteristics including the latest observation data in the districts for the sake of establishment of the more accurate plans for drainage or plans for hydraulic stuctures because the rainfall phenomena are different in their characteristics by regional groups and if we make a meteorological observation for a long period of time, the rainfall characteristics also change a great deal as compared with the preceding years. Therefore, we selected only the annual maximum rainfall from the self-recording rain gauge of the main rainfall observation station (Cheju, Sogwipo, Songsanpo) in the Cheju districts in the last twenty years, extracted the rainfall by actual measurement by the rainfall duration, and induced the optimal probable rainfall-intensity formulas by regional groups in the Cheju districts, taking advantage of the rainfall formulas being in wide use in general, that is, Talbot type, Sherman type, Japanese type, and new Semi-log type. As the result, the return periods at Cheju station appeared to be three years to five years and the optimal probable rainfall-intensity formula at Cheju station, Japanese type and outside the city, Talbot type; Sogwipo, Sherman type; Songsanpo, Talbot type respectively.

• Communications for Statistical Applications and Methods
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• v.16 no.4
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• pp.605-614
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• 2009

TGARCH models characterized by asymmetric volatilities have been useful for analyzing various time series in financial econometrics. We are concerned with persistent volatility in the TGARCH context. Park et al. (2009) introduced I-TGARCH process exhibiting a certain persistency in volatility. This article applies I-TGARCH model to various financial time series in Korea and it is obtained that I-TGARCH provides a better fit than competing models.

• Communications for Statistical Applications and Methods
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• v.16 no.5
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• pp.803-812
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• 2009

The application of extreme value theory to financial data is a fairly recent innovation. The classical annual maximum method is to fit the generalized extreme value distribution to the annual maxima of a data series. An alterative modern method, the so-called threshold method, is to fit the generalized Pareto distribution to the excesses over a high threshold from the data series. A more substantial variant is to take the point-process viewpoint of high-level exceedances. That is, the exceedance times and excess values of a high threshold are viewed as a two-dimensional point process whose limiting form is a non-homogeneous Poisson process. In this paper, we apply the two-dimensional non-homogeneous Poisson process model to daily losses, daily negative log-returns, in the data series of KBW/USD exchange rate, collected from January 4th, 1982 until December 31 st, 2008. The main question is how to estimate extreme quantiles of losses such as the 10-year or 50-year return level.

• The Korean Journal of Applied Statistics
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• v.25 no.1
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• pp.55-66
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• 2012

Option pricing models using L$\acute{e}$evy processes are suggested as an alternative to the Black-Scholes model since empirical studies showed that the Black-Sholes model could not reflect the movement of underlying assets. In this paper, we investigate whether the Variance Gamma model can reflect the movement of underlying assets in the Korean stock market better than the Black-Scholes model. For this purpose, we estimate parameters and perform likelihood ratio tests using KOSPI 200 data based on the density for the log return and the option pricing formula proposed in Madan et al. (1998). We also calculate some statistics to compare the models and examine if the volatility smile is corrected through regression analysis. The results show that the option price estimated under the Variance Gamma process is closer to the market price than the Black-Scholes price; however, the Variance Gamma model still cannot solve the volatility smile phenomenon.

• Journal of Korea Water Resources Association
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• v.31 no.4
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• pp.469-481
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• 1998

A point frequency analysis is carried out for the Indogyo site at the Han river using 68 annual maximun flood data for the period of 1918-1992. Computed frequency discharges using the three parameter log-normal, type-I extreme value, type-III extreme value, and Pearson type-III computed as 35,500 m3/sec and 39,000 m3/sec, respectively, 33,500 m3/sec and 37,500 m3/sec of corresponding return periods are computed when the flood control effect of the dams are taken into account. The resulting flood discharge of 37,500 m3/sec is similar to the current design flood of 37,000 m3/sec in downstream reach of Han river, so, it could be desirable to keep the the current design flood, considering the increasing tendency of the flood due to the climate change. Keywords : frequency analysis, flood discharge, Han river.

• Journal of architectural history
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• v.14 no.4 s.44
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• pp.59-72
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• 2005

Architectural embodiment of a national identity has long been a significant topic in Korean architectural circles. For this reason, it must be helpful to examine the so-called, 'National Romanticism' of Finnish architecture around 1900 in that Finnish architects of the time struggled to embody their national identity through their projects. Considering the historical and linguistic affinities between Finland and Korea, the Finnish architectural situation draws . our additional attention. This paper aims at showing its historical background, the meaning of each type of buildings in the stream, and limitations it implies. The atmosphere of Finnish nationalist movement, which was provoked by [Kalevala] publications (1835; 1845) and shown in Karelianism, was heightened by Tsarist Empire's Russification programme of Finland in the late 19th century Architecture was one of the most important genres expressing her national identity. Finnish national romantic architecture could be divided into three. The first is a log house style for artists' studio house, motivated by the Finnish vernacular farmstead - especially by Karelian farmhouse. This type of building signifies the Finns' will to return to their motherly soil. The second is a stone architecture style for public buildings, inspired by Finnish church or castle of an early medieval time. By using roughly-cut granite as the main exterior material, buildings of this type symbolise the toughness of legendary heroes and Finns' desire for national Independence. The third type of building was based on both of the former or more dependent on architects' Imagination and creativity. However, Finnish national romantic architecture has been criticised by some critics owing to its decorative, eclectic and self-indulgent characteristics. Probably, it was not really national but rather inter-national because of the Influences of English Arts and Crafts Movement, the American Richardsonian architecture and the continental Art Nouveau. And the negative images of 'national' and 'romantic' made some historians coin other terms like 'national realism' or 'material realism'. As another limitation, one raises the low degree of its contribution to the entire architectural history. Despite these criticisms, however, this paper argues that Finnish national romantic architecture is meaningful in itself, particularly because it illustrates vividly Finns' struggle to search for their national identity and, after all, their craving for national independence.