• Korea Real Estate Review
• /
• v.27 no.1
• /
• pp.7-16
• /
• 2017

In this study, we examine whether there are prospect theory investment patterns for individual investors in the real estate market. We use the maximum potential profit rate and the maximum potential loss rate of individual investors as a research method and additionally analyze it using the Jeong and Park(2015) model. As a result of the analysis, it was found that the investment pattern according to the prospect theory and disposition effect for individual investors. And we find the difference between zoning areas. This difference in investment behavior is believed to be due to the purpose of the real estate and the existence of rent fee, which creates a difference in investment behavior depending on the purpose. The limitations of this study are the analysis measurement of potential profit and potential loss using the land price index like the study of jeong and Park(2015). This implies that a new property price index needs to be developed or a benchmark for real estate assets is needed for deeper study of real estate investment sentiment.

• Journal of the Korea Furniture Society
• /
• v.20 no.4
• /
• pp.262-273
• /
• 2009

An investigation was conducted to know a prospect of woody toy in Korea for physical, psychological and intellectual development. It was told that toys that stimulate cognitive development are appropriate for the child's capabilities, responsive to the child's movements, provide feedback when manipulated, and require imagination or fantasy. Toys particularly useful in the development of these abilities include dolls, figures, cuddly toys, puppets, costumes, and construction toys. Therefore, a toy is a wonderful object, indispensable to physical, psychological and intellectual development, both for those who have the capacity to integrate into society and for those who encounter difficulties. If we can replace a plastic toys by a environmental wooden toys, we can contribute to child development that is especially to promote creativity, artistic, problem-solving, language and social skills. In addition, we can support the ability of wood toy manufacturers to market their products in a responsible way and contribute to strengthen the competitiveness of our commodities on international markets.

• Food Science of Animal Resources
• /
• v.26 no.4
• /
• pp.491-496
• /
• 2006

This study was focused on the pork market analysis of the Philippines and the export prospect of Korean pork to the Philippines. The main results are as follows; first, the Philippines have relied on import some quantity of pork consumption every year because climate condition is unfavorable for pig raising and production technologies are undeveloped. Major exporting countries to the Philippines are Germany, Canada, Belgium, Denmark, France, Holland. Second, Korea exported pork of 2,885 tons to the Philippines from Jan. 2004 to Oct. 2004. It was 5.7% of total import pork Third, pork of skinning was 20% higher than the pork of scalding in the consumer price of pork in the Philippines. The consumer price of pork in Korean pork market was 281% in belly, 118% in loin, 106% in leg, 117% in tenderloin higher than the Philippines pork market. Fourth, the export of Korean pork to the Philippines depends on the price of Korean pork market entirely for future, but low grade part of pork and byproducts can be exported to the philippines because consumer price of pork in the Philippines is low compared to Korean pork market.

• Journal of Electrical Engineering and Technology
• /
• v.9 no.3
• /
• pp.803-811
• /
• 2014

The moment when Electrical Vehicle (EV) starts charging or discharging is one of the most important parameters in estimating the impact of EV load on the grid. In this paper, a decision-making problem of determining the start time of charging and discharging during allowed period is proposed and studied under the uncertainty of real-time price. Prospect theory is utilized in the decision-making problem of this paper for it describes a kind of decision making behaviors under uncertainty. The case study uses the parameters of Springo SGM7001EV and adopts the historical realtime locational marginal pricing (LMP) data of PJM market for scenario reduction. Prospect values are calculated for every possible start time in the allowed charging or discharging period. By comparing the calculated prospect values, the optimal decisions are obtained accordingly and the results are compared with those based on Expected Utility Theory. Results show that with different initial State-of-Charge ($SoC_0$) and different reference points, the optimal start time of charging can be the one between 12 a.m. to 3 a.m. and optimal discharging starts at 2 p.m. or 3p.m. Moreover, the decision results of Prospect Theory may differ from that of the Expected Utility Theory with the reference points changing.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
• /
• 2015.05a
• /
• pp.790-791
• /
• 2015

This study analysis the global market trends of information security industry expanding its area through the convergence with other technologies. domestic market of information security industry is expected to show a high growth rate, given that the share of the domestic market in the world market is very low, heightened awareness caused by several information accidents, and the expansion of physical information industry's exports. The crucial point to note is the prospect that the domestic market will be led by its product market, but global market will be spearheaded by its service market. Consequently, to overcome current slump, it is need to establish market promotion strategies focused on fostering the information security service market which is higher value added than information security product market.

• Electronics and Telecommunications Trends
• /
• v.16 no.4 s.70
• /
• pp.121-133
• /
• 2001

본 고에서는 EU 통신시장에서 적용되고 있는 규제의 기본 원칙과 유럽위원회가 작년 12월에 발표한 "전기통신규제의 도입상황에 관한 제6차 보고서“의 개요를 소개하고, EU의 통신시장 현황 및 규제 동향을 통하여 EU 통신시장이 안고 있는 향후 과제를 고찰해보고자 한다.

• Journal of Navigation and Port Research
• /
• v.30 no.7
• /
• pp.585-590
• /
• 2006

Though the issue on the integration of maritime transport market in Northeast Asia has a long history, there has never been any notable progress. Especially the lack of country-wise analysis on the barriers of market integration appears as a serious problem for more concrete discussion and the design of the roadmap for market integration. This study analyzes the maritime market of each country in the aspect of infrastructure provision, the development of the industry, change of institutions, and network connectivity and compare the competitiveness of 3 countries in the Northeast maritime market. Furthermore this study analyzes the barriers for market integration on the basis of bilateral relation, i.e. Korea-Japan, Korea-China and Japan-Korea. Based on these analyses, this study finds out the fact that the most serious barrier for market integration among 3 countries is the egocentric policies for the protection of industries in each country rather than any other institutional or physical barriers. In conclusion, this study argues that 3 countries should try to find out a third policy alternative which can make 3 countries enjoy the win-win game, such as route integration among 3 countries and joint venture for the liners operated in the region.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.53 no.9
• /
• pp.521-528
• /
• 2004

The demise of the native franchise markets and the emergence of competitive markets in electricity generation service is substantially altering the way that operation and planning activity is conducted and is making it increasingly difficult for market participants such as generation firms to prospect the future electricity markets. Traditional generation expansion planning (GEP) problems which centrally determine the least-cost capacity addition plan that meets forecasted demand within pre-specified reliability criteria over a planning horizon (typically 10 to 20 years) is becoming no more valid in competitive market environments. Therefore, it requires to develop a new methodology for generation investments, which is applicable to the changed electric industry business environments and is able to address the post-privatization situation where individual generation firms seek to maximize their return on generation investments against uncertain market revenues. This paper formulates a new generation expansion planning problem and solve it in a market-oriented manner.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
• /
• v.13 no.3
• /
• pp.260-270
• /
• 2008

The economics of manganese nodules mining was assessed based on 36 scenarios which reflect recent changes of the metal market. Those scenarios included optimistic/neutral/pessimistic prospect for the cost, 2 production scales(1.5 MT and 3 MT) and 6 assumptional paths of future metal prices. A large part of scenarios, in which optimistic or neutral prospect for the cost and metal prices were assumed, showed good economic feasibility of the project. For example, 37.12% of Internal Rate of Return(IRR) was obtained in the scenario of 3 MT production, neutral cost prospect and present metal price maintained in the future.

• The Journal of Korean Philosophical History
• /
• no.27
• /
• pp.255-292
• /
• 2009

This thesis is to study on the prospect of contemporary and theory of contemporary Chinese Neo-liberalism philosopher in the 1990s. The previous Chinese liberalists focused only on political and cultural liberalism, neglecting economic liberalism. As a result, liberalism has not taken root in China. Therefore, the social problems of contemporary China are caused by immature and unregulated market economy controlled by the government, not by the market economy. On the other hand, the social relationship in China is not capitalistic yet. The Chinese need to take the gradual developing step to modernize China. China needs to begin an effort to reform China by the way and speed of the refolution, which lies between reform and revolution; not by making new value system, but by keeping daily ethics and rediscovering the Chinese value system, which is the same as universal ethnics. Moreover, it can solve the mental, cultural problems of modern society. Modernization will be achieved not by ruining the Chinese traditions, but by adjusting the traditions, keeping, and strengthening. Consequently, China will be able to move from agricultural absolutism to modern democracy. The democracy can exist only based on the market economy. Therefore, the goal will be accomplished by democracy based on the market economy starting from Confucian tradition.