• Journal of the Korean Institute of Intelligent Systems
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• v.21 no.3
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• pp.365-371
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• 2011

Most recently issued paper money includes security patterns that can be only identified by ultra violet (UV) illuminations. We propose an automatic extraction method of UV patterns for paper money inspection systems. The image acquired by camera and UV illumination is transformed to input data through preprocessing. And then, the Gaussian mixture model (GMM) and split-and-merge expectation maximization (SMEM) algorithm are applied to segment the image represented by input data. In order to extract the UV pattern from the segmented image, we develop a criterion using the area of covariance vector and the weight value. The experimental results on various paper money are presented to verify the usefulness of the proposed method.

• International Journal of Advanced Culture Technology
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• v.6 no.4
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• pp.116-123
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• 2018

The purpose of this study is to analyze the trend of the prize money and the performance factors, based on the data of 1,000 pro golf players provided by KLPGA(Korea Ladies Professional Golf Association) for the past 10 years from 2008 to 2017. First, in terms of the prize money, it increased a lot if we compare the data from 2008 and from 2017. However, it is still disproportionally favorable to the top players and is extremely disadvantageous to the middle-low players. Therefore, it is necessary to considerately care middle-low players. Second, in terms of performance factors, the players' skill has been improved steadily based on all of the factors considered: the scoring average, average putting, the birdie average, par save, par break, and recovery for the past 10 years from 2008 to 2017. Despite the fact that both players' performance and income have increased, it is prominent that the inequality between the players in terms of prize money becomes severe, which should be mitigated by external systematic support to maintain the current level of world-class players of Korea.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.181-190
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• 2021

This paper empirically examines the asymmetric response of the Indonesian Islamic stock market to macroeconomic variables encompassing money supply, domestic output, exchange rate, and Federal Reserve rate. Our study employs the Jakarta Islamic Index (JII) after the financial crisis in the Southeast Asian country using monthly data from January 2000 to December 2019. Non-linear Autoregressive Distributed lag (NARDL) is applied. Our study considers two models consisting of the model without the Federal Reserve rate and the model with it. Our findings confirm the long-run link between Jakarta Islamic Index and macroeconomic factors being studied. Furthermore, the Jakarta Islamic Index asymmetrically responds to broad money supply and exchange rate, but not to domestic output and Federal Reserve rate. A reduction in the money supply has a worse effect on Islamic stock prices as compared to an increase in the money supply. The Jakarta Islamic Index responds differently to depreciation and appreciation. The transmission of the exchange rate to Islamic stock prices occurs only for appreciation. Our study finds an absence of transmission mechanism from the domestic output and the interest rate to Islamic stock prices. Our results imply that the easy money policy and stabilizing currency are key to supporting Indonesian Islamic stock prices.

• International Journal of Computer Science & Network Security
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• v.21 no.1
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• pp.77-83
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• 2021

The dependency on technology has increased with the increase in population. Technology plays a crucial role in facilitating, organizing and securing people's life nowadays. The Internet has penetrated every face of present-day lifestyles. Yet another ubiquitous use of digital technology today is evident in transferring money and speeding cross border payments that are done through digital transactions. This paper investigates transferring money and data through banks and companies by using the Blockchain concept through decentralized distributed system. The present research also peruses several contexts in which this technology has already been implemented successfully and demonstrates the advantages of replacing the paper money with digital money. Using cryptocurrency will facilitate people's life by reducing time, securing the process of money transfer, and increasing data integrity. The primary benefit of this content analysis is that it addresses an innovative subject, in a new light and using timely recent research references drawn from 2018-2020. Thus, our study is a contemporary and conclusive source for all present and future endeavours being undertaken in the domain of using blockchain for e-transactions.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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• v.5 no.4
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• pp.397-404
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• 2015

This study examined the relationships among financial capability, self-esteem and money relationship. For empirical analysis, the study conducted a survey of 429 users from 6 community center users in Seoul, Gyunggi and Chungnam areas in South Korea. Frequency analyses and structural equation modelling were carried out. The main findings are as follows: Firstly, household income had no statistically significant effect on the users' self-esteems. Second, the users' financial capabilities increased their self-esteem. Third, the users' money relationship problems lower their self-esteem. Fourth, the impact of financial capability on self-esteem was partially mediated by money relationship problems.

• Management & Information Systems Review
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• v.19
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• pp.129-143
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• 2006

The internet industry is gradually increasing according to the explosive explosion of internet and development of information communication industry. Specially, The payment method of settlement means is diversed with development of e-commerce. In this paper, we propose a settlement method using e-settlement in the network. and we suggest a security method for efficiency of e-money. Also, we propose a reform plan of e-settlement system.

• Korean Management Science Review
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• v.27 no.1
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• pp.45-60
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• 2010

This study evaluates life annuity plans based on two different types of measures : financial benefit and utility on consumption. The financial benefit is measured by Money's Worth (MW) ratio and return on annuity. For the measure of utility, an optimization problem is formulated with the objective of maximizing utility on consumption. To solve the optimization model, we use Dynamic Programming (DP) technique. The both types of measures are applied to cases of Korean pre-retirees at age 40 with different accumulation years of annuity (i.e. level of annuity asset at the age of retirement) and different timings of annuitization. Our results generally indicate that the utility based optimization model is superior to the financial measures in terms of providing a better evaluation of an annuity plan due to its capability to consider an individual's financial situation during his/her retirement period. Also, they suggest that the level of annuity asset is an important factor when an individual determines the optimal annuitization timing.

• Proceedings of the IEEK Conference
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• 2002.07b
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• pp.818-821
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• 2002

In this paper, we propose Neuro-Fuzzy discrimination method of the new and old bill using bill money acoustic data. The concept of the histogram is introduced to improve the processing time into the proposal system. The adaptative filter is used in order to remove the motor sound from an observed bill money acoustic data. The output signal of this adaptive digital filter is converted into not only a spectrum but also a histogram. It became easy that features of the paper money sound were extracted from the bill money acoustic data. The spectral data and the histogram is obtained like this, and it become an input pattern of the neural network(NN). Then, the discrimination result of the NN is finally judged by the fuzzy inferece in the new bill or the exhaustion bill.

• The Journal of Asian Finance, Economics and Business
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• v.1 no.1
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• pp.15-21
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• 2014

This study investigates extensively the integration of various segments of financial markets (i.e. money market, lending and deposit market, exchange rate market, and capital market) both domestically and internationally. Cointegration approach is employed in the study to find out long term relationship among the variables. Data are on a monthly interval for the period spreads over 2001 to 2010. The results show no evidence of cointegration between money market and exchange rate market and between capital market and exchange rate market of Pakistan. On the other hand, international financial markets integration is also investigated and the findings revealed that domestic money market rates of Pakistan and USA are not cointegrated. Whereas, an evidence of cointegration between capital markets of Pakistan and USA is found in this study.

• East Asian Economic Review
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• v.22 no.2
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• pp.217-239
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• 2018

This paper tests empirically the causal relationship between bank loans and the monetary base before and after the adoption of inflation targeting in seven Asia-Pacific countries using Toda-Yamamoto Granger non causality test and the bootstrap test for causality. The most striking finding is that the bank loans Granger cause the monetary base during the inflation targeting period in all the countries, except Japan, which was under the influence of the quantitative easing, whereas the causality appeared diverse before the inflation targeting regime. This result implies the need for the policy makers to take the endogenous nature of the money supply into account in the modern economy.