• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.4
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• pp.163-174
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• 2017

This study analyzed how Korean firms' recapitalization affects their capital structure decision and firm value. Recapitalization was categorized into three groups according to the influence of the debt to equity ratio: debt ratio-increasing-recapitalization(capital reduction with refund, cash dividend), debt ratio-unchanging-recapitalization (capital reduction without refund, retirement of repurchased stocks), and debt ratio-decreasing-recapitalization(exercise the rights for convertible bonds, bond with stock warrants, exchangeable bonds and stock options). This article highlights how the relationship between the firms' recapitalization and the capital structure decision driven by the change in debt to equity ratio through the recapitalization should affect the firm value. The whole recapitalization sample used for this analysis comprised 22,814 enterprises listed on the Korea Exchange that were analyzed over the 16-year period from 2000 to 2015. To summarize the results of this Panel Data Analysis, firstly, when a firm executes debt ratio-increasing-recapitalization and debt ratio-decreasing-recapitalization at the period of t-1, the debt to equity ratio, which is increased or decreased, should affect the firm's debt capacity in the same period, then, at the period of t, the firm establishes a leverage policy to readjust the debt to equity ratio the other way around. These adjustments of debt-paying-ability from the leverage policy, including the capital structure decision, finally affect the firm value. Secondly, when a firm implements the debt ratio-unchanging-recapitalization in the period of t-1, the debt to equity ratio, which is neutral, should not affect the firm's capital structure decision. But, the firm value is positively affected by the influence of that recapitalization. Conclusively, we acknowledge a firm which carries out the recapitalization balances its capital structure to the optimal level of leverage and that the capital structure decision positively affects the corporate value.

• Journal of Astronomy and Space Sciences
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• v.36 no.4
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• pp.265-281
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• 2019

We present new BVRI light curves of UY UMa with no O'Connell effect and a flat bottom secondary eclipse. Light curve synthesis with the Wilson-Devinney code gives a new solution, which is quite different from the previous study: UY UMa is an A-subtype over-contact binary with a small mass ratio of q = 0.21, a high inclination of 81°.4, a small temperature difference of ΔT=18°, a large fill-out factor of f = 0.61, and a third light of approximately 10% of the total systemic light. The absolute dimensions were newly determined. Seventeen new times of minimum light have been calculated from our observations. The period study indicates that the orbital period has intricately varied in a secular period increase in which two cyclical terms with periods of 12^y.0 and 46^y.3 are superposed. The secular period increase was interpreted to be due to a conservative mass transfer of 2.68 × 10^-8 M_⊙/yr from the less massive to the more massive star. The cyclical components are discussed in terms of double-light time contributions from two additional bound stars. The statistical relations of Yang & Qian (2015) among the physical parameters of 45 deep, low mass ratio contact binaries were revisited by using the physical parameters of UY UMa and 25 Kepler contact binaries provided by Şenavci et al. (2016).

• Journal of Korean Society for Atmospheric Environment
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• v.27 no.2
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• pp.168-180
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• 2011

The variation of the physicochemical properties of atmospheric aerosols in coexistence of the heavy Asian Dust and Haze observed from $15^{th}$ to $17^{th}$ March 2009 in Seoul was scrutinized through the mass and ion concentration observations and synoptic weather analysis. Although the ratio of PM1.0/PM10 was constant at 0.3 (which is typical during Asian Dust period in Korea) during the measurement period, both PM10 and PM1.0 mass concentrations were 3~6 times and 2~4 times higher than that of clear days, respectively. Water-soluble ion components accounted for 30~50% of PM10 and 50~70% of PM1.0 mass concentration. One of the secondary pollutants, $NO_3^-$ was found to be associated with $Ca^{2+}$ and $Na^+$ in coarse mode indicating that the aerosol derived from natural source was affected by anthropogenic pollutants. While the acidity of the aerosols increased in fine mode when the stagnation of weather patterns was the strongest (March $16^{th}$), the alkalinity increased in coarse mode when new air masses arrived with a southwestern wind after ending a period of stagnation (March $17^{th}$). In the selected case, SOR (Sulfur Oxidation Ratio, $nSO_4^{2-}/[nSO_4^{2-}+nSO_2]$) and NOR (Nitrogen Oxidation Ratio, $nNO_3^-/[nNO_3^-+nNO_2]$) values of ion components were higher than the general values during Asian Dust period. These results imply that dust aerosols could be mixed with pollutants transported from China even in heavy Asian Dust cases in Korea.

• The Research Journal of the Costume Culture
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• v.25 no.6
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• pp.847-861
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• 2017

As the excavated costumes from the unknown tomb of the Joseon Dynasty were unearthed, estimating the age of the costumes became very important. This research investigat and estimates the age of the excavated costumes from Couple's Tomb for Lee General in Seosan, Chung-nam. By inspecting and analyzing the costumes, the features can be compared with other similar costumes that have been excavated from other tombs. The result of this study is as follows: First, the period with dopo, cheol-rik, jungchimak, and baji for females among the relics of General Lee can be estimated. For dopo, there are morphometric features such as the shape of moo; for cheol-rik, there is a ratio of top and bottom; for jungchimak, there is a ratio of width of arm and skit and a ratio of side tim, total length, etc. By comparing relics of same period, it can be estimated to be from the late 16 century around the Japanese invasion of Korea to the early 17 century. Second, the period with jangui and jeogori among the relics of Couple's Tomb for General Lee can be estimated. By comparing jangui with the arm and width of sleeves, and by comparing jeogori and the shape of the collar, arm, length, etc., with other relics identical to the period, it can be estimated to be from the late 16 century around the Japanese invasion of Korea, which is a similar date to the one with the husband to the early 17 century.

• Journal of Marine Life Science
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• v.7 no.1
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• pp.37-44
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• 2022

This study was performed to obtain information on the sex ratio, size at sexual group maturity, and main spawning period of Glyptocephalus stelleri. The sex ratio (female: male) was 1:0.54 (n=189:103, 64.7% female), and the frequency of females in the population tended to increase with total length. The oocyte development pattern was group synchronous development, in which oocyte groups at different stages were identified within the same ovary. The total length at 50% sexual group maturity was analyzed using a logistic regression model, and was determined to be 28.51 (female) and 30.49 cm (male). The gonadosomatic index (GSI) displayed the highest values in April (female) and March (male), and the main spawning period being in April to May.

• Korean Journal of Exercise Nutrition
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• v.16 no.2
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• pp.113-122
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• 2012

This study assessed the amount of energy consumed and fat deposition after endurance training in order to review the effect of 4-week endurance exercise on resting metabolic rate of a mouse during and after exercise and the effect of exercise. A total of 19 seven-week-old ICR male mice were used as the study subject. Those mice were divided into sedentary group (Sed) and trained group (Tr) after a week of environment adaption. The Tr group was trained with endurance exercise five times a week for four weeks. Weight and the amount of food intake were daily weighed and resting metabolic rate and metabolic rate after exercise were assessed before starting exercise and on the fourth week after training. Metabolic rate during exercise were measured four weeks after training. At the end of breeding period, statistically significant difference was shown in weights of trained and sedentary groups (p < 0.05). During a resting period, no significant difference was shown in oxygen intake, respiratory exchange ratio, and the amount of carbohydrate and fat oxidized. Moreover, no significant difference was shown in excess post-exercise oxygen consumption (EPOC) of an hour period after training. In contrast, the maximal oxygen uptake (VO₂ max) was approximately 11.1% higher in trained group after training compare to before. However, there was no significant difference in respiratory exchange ratio and carbohydrate and fat oxidization. During exercise, oxygen uptake, carbon dioxide production, and respiratory exchange ratio in energy metabolism during exercise showed no significant difference. However, significant difference was exhibited in the amount of fat oxidized in both groups. Summing up those results, endurance exercise could be concluded to be effective in weight control. However, weight loss is thought to be resulted from increase in fat oxidization during exercise unlike the conclusion made from previous studies where weight loss is prominently influenced by energy metabolism during a resting period and increased fat oxidation during post-exercise recovery. All experimental procedures were carried out at the Animal Experiment Research Center of Konkuk University. This study was conducted in accordance with the ethical guidelines of the Konkuk University Institutional Animal Care and Use Committee.

• Computational Structural Engineering
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• v.9 no.4
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• pp.229-237
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• 1996

In some current procedures, ground motions from different sources have been scaled by their peak ground accelerations and combined to obtain smoothed response spectra for specific regions. As consideration of the inelastic deformation capacity of structure, inelastic deformations are permitted under seismic ground excitation in all codes. In the ATC(Applied Technology Council) and UBC(Uniform Building Code), the inelastic design spectrum is obtained by reducing the elastic design spectrum by a factor that is independent of structural period. In this study, the average of nonlinear response spectra calculated from a sample of 20 records for each event are constructed to obtain the smoothed response spectra. These response spectra are used to examine the effects of structural strength factors such as the yield strength ratio and damping value. Through the regression analysis of nonlinear response of system for a given damping value and yield strength ratio, the required yield strength for seismic design can be estimated for a certain earthquake event. And a response modification coefficient depending on the natural period for current seismic design specifications are proposed.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.55 no.4
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• pp.411-418
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• 2019

In this study, to investigate the effect of physical and chemical properties of butanol on the engine performance and combustion characteristics, the coefficient of variations of IMEP (indicated mean effective pressure) and fuel conversion efficiency were obtained by measuring the combustion pressure and the fuel consumption quantity according to the engine load and the mixing ratio of diesel oil and butanol. In addition, the combustion pressure was analyzed to obtain the pressure increasing rate and heat release rate, and then the combustion temperature was calculated using a single zone combustion model. The experimental and analysis results of butanol blending oil were compared with the those of diesel oil under the similar operation conditions to determine the performance of the engine and combustion characteristics. As a result, the combustion stabilities of D.O. and butanol blending oil were good in this experimental range, and the indicated fuel conversion efficiency of butanol blending oil was slightly higher at low load but that of D.O. was higher above medium load. The premixed combustion period of D.O. was almost constant regardless of the load. As the load was lower and the butanol blending ratio was higher, the premixed combustion period of butanol blending oil was longer and the premixed combustion period was almost constant at high load regardless of butanol blending ratio. The average heat release rate was higher with increasing loads; especially as butanol blending ratio was increased at high load, the average heat release rate of butanol blending oil was higher than that of D.O. In addition, the calculated maximum. combustion temperature of butanol blending oil was higher than that of D.O. at all loads.

• International Journal of Naval Architecture and Ocean Engineering
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• v.8 no.4
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• pp.312-319
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• 2016

Measured wave data covering two years simultaneously at 3 locations along the eastern Arabian Sea reveals the presence of long-period (peak wave period > 18 s) low-amplitude waves (significant wave height < 1 m) and the characteristics of these waves are described in this article. In a year, 1.4-3.6% of the time, the low-amplitude long-period swells were observed, and these waves were mainly during the nonmonsoon period. The wave spectra during these long-period swells were multi-peaked with peak wave period around 18.2 s, the secondary peak period around 13.3 s and the wind-sea peak period at 5 s. The ratio of the spectral energy of the wind-sea peak and the primary peak (swell) was slightly higher at the northern location (0.2) than that at the southern location (0.15) due to the higher wind speed present at the northern location.

• Proceedings of the Korea Concrete Institute Conference
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• 2006.11a
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• pp.97-100
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• 2006

This study performed numerical analysis for obtaining optimal frequency and damping ratio of tuned mass damper (TMD) using 20 seismic loads measured at rock site. The structures of $1{\sim}2$ second natural period were considered, and optimal frequency and damping ratio were estimated for different mass ratio in terms of displacement and absolute acceleration response control. Numerical results showed that the values of the optimal parameters were different those from previous study by Hartog.