• Journal of Industrial Convergence
• /
• v.20 no.11
• /
• pp.75-83
• /
• 2022

This study analyzes whether investor sentiment and liquidity explain the momentum phenomenon in the Korean stock market and whether it is a risk factor for the asset pricing model. The empirical analysis used the monthly returns of non-financial companies listed on the stock market during the period 2000-2021. As a result of the analysis, first, it was found that there is a momentum effect in Korea. This is the same result as the previous study, and since 2000, the momentum effect has been accepted as a general phenomenon in the Korean stock market. Second, if we look at the portfolio based on investor sentiment, investor sentiment is influencing momentum. In particular, when investor sentiment is negative, the return on the winner portfolio is high. Third, as a result of the analysis based on liquidity, the momentum effect disappears and a reversal effect appears. Fourth, it was found that investor sentiment and liquidity influence the momentum effect. This is a result of the strong momentum effect in the illiquid stock group with negative investor sentiment. Fifth, as a result of analyzing the effect of each factor on stock returns, it was found that both investor psychology and liquidity factors have a significant impact on returns. The estimated results provide evidence that the inclusion of these two factors in the Carhart four-factor model significantly increases the predictive power of the model. Therefore, it can be said that investor sentiment factors and liquidity factors are important factors in determining stock returns.

• Journal of Korea Entertainment Industry Association
• /
• v.13 no.1
• /
• pp.47-57
• /
• 2019

The end of the 20th century, along with the popularity of new media technology and the rise of new media art, dance as a visual art, and body language art, has the features of more and more rich and changeful. In today's Internet booming new media environment, many different fields, such as film and theater, computer technology, digital art, etc.) with its commonness and characteristics of all kinds of interaction between the creation, produced a new interdisciplinary research with theoretical model. When cross-border interactions between various areas become a hot topic at the same time, the traditional form of dance performances are also seeking new breakthrough. Canada's famous social psychologist McLuhan believes that modern is retrieving lost over a long period of time "overall" feel, return to a feeling of equilibrium. The audience how to have the characteristics of focus on details of visual art back to the "overall" feel worthy of study. At the same time, the new media in today's digital dance teaching in colleges and universities dancing education remains to be perfect and popular, if continue to use the precept of the traditional teaching way blindly, so it is difficult to get from the development of the current domestic dance overall demand. In this paper, the main body is divided into two parts, the first chapter is the study of image device dance performance art, the second chapter is the research of digital dance teaching application system, thus further perspective of media technology to explore dance art crossover practice under the new media environment and mode of transmission.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.43 no.3
• /
• pp.309-319
• /
• 2023

Recently, the frequency and intensity of meteorological disasters have increased due to climate change. In South Korea, there are regional differences in vulnerability and response capability to cope with climate change because of regional climate characteristics. In particular, drought results from various factors and is linked to extensive meteorological, hydrological, and agricultural impacts. Therefore, in order to effectively cope with drought, it is necessary to use a composite drought index that can take into account various factors, and to evaluate future droughts comprehensively considering climate change. This study evaluated hydrologic risk(${\bar{R}}$) of future drought in the Nakdong River basin based on the Dynamic Naive Bayesian Classification (DNBC)-based composite drought index, which was calculated by applying Standardized Precipitation Index (SPI), Streamflow Drought Index (SDI), Evaporate Stress Index (ESI) and Water Supply Capacity Index (WSCI) to the DNBC. The indices used in the DNBC were calculated using observation data and climate scenario data. A bivariate frequency analysis was performed for the severity and duration of the composite drought. Then using the estimated bivariate return periods, hydrologic risks of drought were calculated for observation and future periods. The overall results indicated that there were the highest risks during the future period (2021-2040) (${\bar{R}}$=0.572), and Miryang River (#2021) had the highest risk (${\bar{R}}$=0.940) on average. The hydrologic risk of the Nakdong River basin will increase highly in the near future (2021-2040). During the far future (2041-2099), the hydrologic risk decreased in the northern basins, and increased in the southern basins.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.30 no.6B
• /
• pp.599-606
• /
• 2010

Due to the short period of precipitation data in Korea, the uncertainty of drought analysis is inevitable from a point frequency analysis. So it is desired to introduce a regional drought frequency analysis. This study first extracted drought characteristics from 3-month and 12-month moving average rainfalls which represent short and long-term droughts, respectively. Then, the homogeneous regions were distinguished by performing a principal component analysis and cluster analysis. The Korean peninsula was classified into five regions based on drought characteristics. Finally, this study applied the bivariate frequency analysis using a kernel density function to quantify the regionalized drought characteristics. Based on the bivariate drought frequency curves, the drought severities of five regions were evaluated for durations of 2, 5, 10, and 20 months, and return periods of 5, 10, 20, 50, and 100 years. As a result, the largest severity of drought was occurred in the Lower Geum River basin, in the Youngsan River basin, and over in the southern coast of Korea.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.30 no.4B
• /
• pp.413-427
• /
• 2010

Urbanization means the sudden increment of a population and the industrialization. The hydrologic water cycle causes many changes due to urbanization. Therefore, the affects that urbanization influences on the precipitation events were analyzed. But the precipitation events are very much influenced many meteorological and climatologically indices besides the effect of an urbanization. So, an analysis was performed by using precipitation data observed in many spots of the Korean peninsula. The analysis data are annual precipitation, the duration 1 daily maximum amount of precipitation, the rainy days, and 10 mm over the rainy days, and 80 mm. seasonal precipitation and seasonal rainy days. The analytical method classified 4 clusters in which the precipitation characteristic is similar through the cluster analysis. It compared and analyzed precipitation events of the urban and rural stations. Moreover, the representative rainfall stations were selected and the urban stations and rural stations were compared. In the analyzed result, the increment of the rainy days was conspicuous over 80mm in which it can cause the heavy rainfall. By using time precipitation data, the design precipitation was calculated. Rainfall events over probability precipitation on duration and return period were analyzed. The times in which it exceeds the probability precipitation in which the urban area is used for the hydrologic structure design in comparison with the rural area more was very much exposed to increase.

• Women's Studies Review
• /
• v.27 no.1
• /
• pp.145-183
• /
• 2010

This study has compared South Korea with Taiwan, a society which has an almost non-hierarchical college culture in spite of its social and historical similarities to Korea, including the recruit system. By the means of quantitative and qualitative comparative studies and analysis, it has tried to clarify the reasons behind the hierarchical and sexist military culture of Korean universities. According to the comparative studies, Taiwan's college culture is less hierarchical than that of South Korea, and support for the necessity of hierarchy is weaker. Hierarchy had a greater influence on the payment of meals, appellations and society admissions in South Korea. Elements of military culture such as violence or group discipline were usually only present in South Korean college culture. Male-centered drinking and prostitution culture was also found to be stronger in South Korea. The historical and social reason for these differences is that Taiwan has a weaker basis for nationalism and militarism, both essential factors in the founding of hierarchical and collective culture. The most direct reason for the lack of hierarchy in Taiwanese college culture is the period of recruitment. In South Korea, young men usually apply for military service during the first or second year or college, and return to school as second or third-year studies. In Taiwan, however, men are usually recruited after having graduated from college. Students who have served in the army have proved to have a significant influence on violence, hierarchy and drinking culture in Korea's college culture. South Korea's college culture has two main problems. The first is that South Korean college students are not able to be critical towards the harms of South Korea's oppressively hierarchical collective culture, and therefore do not develop the strength to fight against it. This is all the more problematic because they are the future components of South Korea's main institutions. The second is that it roots male-centeredness even further into the South Korean mentality.

• Korean Journal of Comparative Education
• /
• v.24 no.6
• /
• pp.163-185
• /
• 2014

Along with concerns about deteriorating social and economic status of teachers around the world, Master Teacher System(MTS) has been considered as one of the alternatives to transform teaching profession into a more attractive job. In this study, the conditions and problems associated with the MTS in China is analyzed to draw implications for South Korea, which recently legalized the MTS. Research framework including four research questions is developed based on the controversies surrounding MTS of South Korea. The main findings show that the MTS in China was introduced to improve teachers' social and economic status along with the quality of prospective teachers. A very small number of master teachers are selected through rigorous standards including longer service period. They are given additional monetary and non-monetary compensations in return for their teaching-learning leadership and responsibilities. As highly respected educators, they enjoy the lifelong benefits, although they are annually evaluated. It is evident that the MTS has contributed to improving the attractiveness of teaching profession in China. Nevertheless, there are many problems associated with selection standards and methods of master teachers, their roles, compensation, evaluation and terms of service. Recent criticism due to changing circumstances surrounding education in China makes the MTS more questionable. Based on the findings, major implications for future directions of MTS of South Korea are drawn and suggested.

• Journal of the Daesoon Academy of Sciences
• /
• v.48
• /
• pp.407-443
• /
• 2024

The relationship between finance, natural disasters and epidemics, the Liang Province Rebellion of mostly Qiang ethnic groups, and the occurrence of displaced persons in the Later Han Dynasty, is examined in this article. Also explored is the financial crisis that had started accumulating in the Later Han Dynasty, as well as the Yellow Turban Rebellion and the displacement of the people. It is argued in this research that the financial crisis had an influence on the occurrence. The Yellow Turban Rebellion began in 184, seventeenth year of Lingdi's reign. The rebellion was an incident that occurred due to a complex combination of natural calamities and man-made disasters. Various natural disasters during the Lingdi period, poor measures for immigration, and Lingdi's refusal to accept Yangci and Liu Tao's advice that the immigrants should return home were the direct causes of the Yellow Turban Rebellion. In short, the increase in military spending due to natural disasters and the Liang Province Rebellion caused financial deterioration were the direct causes of the Yellow turban rebellion. The Yellow Turban Rebellion was suppressed in less than a year. Therefore, the Yellow Turban Rebellion itself was not the cause of the collapse of the Later Han Dynasty. It was rather case that the great fire in South Palace in Luoyang, the capital of Later Han Dynasty, in 185, the increase in taxes of 10 qian per mu (畝) to rebuild the palace, the open and compulsory encouragement of the trafficking of official posts, and the exploitation of civil servants, which destabilized the population. Thereupon, rebellions broke out among the people in various places. Therefore, unlike the Yellow Turban Rebellion, the collapse of the Later Han Dynasty should be viewed as primarily the result of man-made calamities rather than natural disasters.

• Journal of Korea Water Resources Association
• /
• v.57 no.2
• /
• pp.87-97
• /
• 2024

This study analyzed the water shortage hotspot areas in South Korea using spatial clustering analysis for water shortage estimates in 2030 of the Master Plans for National Water Management. To identify the water shortage cluster areas, we used water shortage data from the past maximum drought (about 50-year return period) and performed spatial clustering analysis using Local Moran's I and Getis-Ord Gi*. The areas subject to spatial clusters of water shortage were selected using the cluster map, and the spatial characteristics of water shortage areas were verified based on the p-value and the Moran scatter plot. The results indicated that one cluster (lower Imjin River (#1023) and neighbor) in the Han River basin and two clusters (Daejeongcheon (#2403) and neighbor, Gahwacheon (#2501) and neighbor) in the Nakdong River basin were found to be the hotspot for water shortage, whereas one cluster (lower Namhan River (#1007) and neighbor) in the Han River Basin and one cluster (Byeongseongcheon (#2006) and neighbor) in the Nakdong River basin were found to be the HL area, which means the specific area have high water shortage and neighbor have low water shortage. When analyzing spatial clustering by standard watershed unit, the entire spatial clustering area satisfied 100% of the statistical criteria leading to statistically significant results. The overall results indicated that spatial clustering analysis performed using standard watersheds can resolve the variable spatial unit problem to some extent, which results in the relatively increased accuracy of spatial analysis.

• Journal of Chest Surgery
• /
• v.38 no.12 s.257
• /
• pp.844-848
• /
• 2005

Background: Thoracic outlet syndrome(TOS) is caused by the compression of neurovascular structures that supply to the upper extremities. Only a few reports have been published in Korea, and this study attempts to investigate the clinical aspects and results of the patients who underwent surgical treatment. Material and Method: This study consist of 16 patients who underwent operations for thoracic outlet syndrome from May, 2002 to October, 2004. The surgical indications were confined to patients with: 1) symptom too severe to perform ordinary daily life because of pain, paresthesia, edema of upper extremities, 2) no improvement after proper physical therapy, 3) definite finding of compression confined by radiologic examinations (MRI, angiography, etc), and 4) no other diseases such as cervical intervertebral herniation, myositis, neurologic diseases below the brachial plexus. The surgical approaches were by transaxillary approaches in 12 cases, supraclavicular approaches in 2 cases, and infraciavicular approaches in 2 cases. Result: There were 15 males and one female with an average age of 23.9 years (range:19$\∼$39). Rib anomalies were observed in four cases (25.0$\%$), but the others had no abnormal ribs. Right lesions were found in eight cases (50.0$\%$), left lesions in five cases (31.3$\%$), and bilateral lesions in three cases (18.7$\%$). The follow-up period was 9$\∼$26 months and recurrence rate was 12.5$\%$ (2/16). Complications were one case of ulnar nerve palsy, one case of persistent pain despite radiologic improvement and three cases of wound dehiscence due to fat necrosis and hematoma. Conclusion: Although the choice of treatment in patients with TOS has been disputed, patients who have no response with proper physical therapies can benefit from the surgical treatment which may help patients to return to normal daily activity in shorter period of time.