• Journal of Korean Society of Transportation
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• v.23 no.2
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• pp.83-92
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• 2005

We try to evaluate the stock level of Korean transportation infrastructure comparing Korean SOC stock level with those of OECD countries. In order to do so, we work on indices to show the transportation infrastructure stock levels of various countries. Among several indices, we select the effective road-extension rate per population density and the effective railroad-extension rate per population density corresponding to road and railroad. We compare Korean road and railroad stock levels with those of OECD countries, to make use of the effective road-extension rate per population density and effective railroad-extension rate per population density. We choose the Britain, Greece, Portugal, and Sweden to compare Korea because their sizes of population and territory are similar to those of Korea. Using International comparison, we arrive at the conclusion that Korean road and railroad stock levels are 63.4% and 53.2% of those of four countries respectively. In addition, we estimate the target level of road and railroad stocks and compute the target level of investments in road and railroad based on the result.

• International Journal of Highway Engineering
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• v.15 no.3
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• pp.137-149
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• 2013

PURPOSES: This study is to suggest the Contribution of Road Capital in Industry and Optimal Level of Road Investment in South Korea METHODS: Based on the literature review, This research is empirically estimated using disaggregate and disaggregated data composed of 10-sectors covering the entire korea economy for the period 1970~2000. The relevant policy questions addressed in this report are : cost reduction and Scale elasticities of road, effect of road capital stock on demand for labor, capital and materials, marginal effect of road, industry TFP growth decomposition, Net Social Rates of Returns, optimal of road capital. RESULTS : The marginal benefits of the road capital at the industry level were calculated using the estimated cost elasticities. Demand for the road capital services varies across industries as do the marginal effects. The marginal benefits are positive for the principal industries. This suggests that for these industries the existing stock of road capital may be under supplied. CONCLUSIONS: This results emerges is that the ratio of the optimum to actual road capital, measured by road, was high at beginning of the period 1970s and declined 1990s. There appears to be evidence of under-investment in road capital. That is continuous and premeditated investment for road which lead to saving time and finance.

• International Commerce and Information Review
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• v.7 no.4
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• pp.325-349
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• 2005

One aspect of the globalization of the financial market after the 1980s is represented by the concurrent monetarization of the national stock markets. As the IR activity is regarded as a new financial productivity measure, the IR activity in the stock market is being emphasized domestically and internationally. This study analyzes domestic IR activities and compares them with foreign IR activities. Specifically the "road show", a typical IR activity, which is known to resolve the information asymmetry between the firm and the investors is analyzed to see the extent of the their value increase impact on the firm. The study employs domestic and international firms that publicly announced "road shows" after April 2004. Event studies are done to see the existence of abnormal return after the public announcement of road shows. Domestic firms were found to have positive IR impacts on the stock prices, but international firms were found to have negative IR impacts on the stock prices. Also it was found that international public announcement of the road show have stronger positive impact on the stock price than domestic public announcement. The investigation of the statistically significant difference of CAR before and after the fair public announcement enforcement rule showed that the positive CAR impact is strengthened after the adoption of the rule. The conclusion is that increase of the firm value after the road show implies that the information asymmetry is reduced by the active IR actions on the firm side. The policy implication is that we have to reassure the understanding of the role of the IR activities. Specifically Korean firms may have to encourage IR activities to share the information of the firms with the investors, which may result in the trustworthy relationship between the firms and investors.

• International Journal of Highway Engineering
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• v.15 no.2
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• pp.169-181
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• 2013

PURPOSES : This study is to suggest the Influence of road capital to industry and productivity growth in South Korea. METHODS : Based on the literature review, The relevant policy questions addressed in this report are : cost reduction and Scale elasticities of road, effect of road capital stock on demand for labor, capital and materials, marginal effect of road, industry TFP growth decomposition. RESULTS : The marginal benefits of the road capital at the industry level were calculated using the estimated cost elasticities. Demand for the road capital services varies across industries as do the marginal effects. The marginal benefits are positive for the principal industries. This suggests that for these industries the existing stock of road capital may be under supplied. The contribution of road capital to TFP growth is positive in principal industries. The main contribution of road capital is in the manufacturing industries ; the magnitudes of contribution varies among industries. These results indicate that growth in exogenous demand is most important contributor to TFP growth. CONCLUSIONS : The road capital have a significant effect on employment, private capital and demand for materials inputs in all industries. At a given level of output, an increase in road capital lead to variety to demand for all inputs in all industries.

• The Journal of the Korea institute of electronic communication sciences
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• v.7 no.3
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• pp.661-670
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• 2012

In order to construct a profitable stock trading model, three considerations must be resolved in the model in integrated manner: profit principle, trader's conditions and stock market trends. Generally, a model will be developed through long experiences of stock trading that requires quite amount of expenses and time. This paper analyzes the issues involved in those considerations and proposes a road map for a trading model.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.29 no.3D
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• pp.357-362
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• 2009

The Investment to road projects has been a hot issue in the aspect of its possible overlapping or overinvestment in Korea. Therefore, additional road construction is not always accepted in these days. This paper investigated several indices including the country index and the road-extension rate index as well as a newly developed index for identifying and comparing road stocks among the OECD countries. Furthermore, the study has estimated some reasonable amount of additional road stocks of Korea when its GDP becomes twenty thousands per capita to forty thousands per capita in future by comparing the amount of stacks of OECD countries at those times. The result can be used for setting the target of road stocks in practical manner in the absence of the universally accepted theory in the road stock provision arena.

• Proceedings of the KSR Conference
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• 2008.06a
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• pp.1301-1307
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• 2008

The Seoul-Metro is the first city railroad corporation to operate RIMS(Rolling-stock Information Maintenance System). The development of "RIMS Project" and trial running task were started from Mar 29, 2001. Finally, this project was completed successfully on Dec 31, 2005, as integrated systems including light or heavy maintenance works in Ji-Chuk and Chang-Dong Rolling-stock Offices. After that, from 2006 to Dec 31, 2007, we promoted a this new program to other four rolling-stock offices (Su-Seo, Gun-Ja, Sin-Jeong) and the headquarter. For the duration of trial running, we developed and applied new complementary program having made up for the weak points or defects. The series of new program which were newly developed and applied are comprised of an operation management, trouble management, wheel management, heavy maintenance table automatic creation programs and ordering prediction programs to purchase goods smoothly. The Seoul-Metro have registered these programs(RIMS) to Computer Program Protection Committee. We'd like to introduce a composition of program for enhancement of a city railroad Information Systems.

• Journal of the Korean Society for Precision Engineering
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• v.24 no.5
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• pp.56-61
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• 2007

In the braking of railway rolling stock, the slip that is the relative velocity between train body and its wheel affects the adhesive force which is connected to the braking force. The coefficient of the adhesive force changes in accordance with the slip and the condition of a rail road. Namely, its value increases upon the maximum on a rail condition, and there it declines conversely while the magnitude of slip keeps rising on. First, this paper introduced a reference slip generator so that can utilize maximum adhesive forces with a disturbance observer for estimating unmeasurable current adhesive forces which is as an input of the generator. And, an adaptive sliding-mode control system has been synthesized for minimizing the error between reference and current slip. Finally the effectiveness of the proposed control system is evaluated by computer simulation.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1817-1823
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• 2007

In this study, we have studied rail infrastructure related to emergency action to manage the risk when emergency caused by faults of facility or rail vehicle during operation happens. Especially we have compared the effect of emergency action with examining the structure of vehicle, tunnel, bridge and access road, etc which are related to emergency action. Also, we have tried to analyze effects of radio and communication equipment, lifesaving and refuge which could be used for rolling stock, station, control room, tunnel, bridge and etc, and we have presented the way of reporting the emergency to the train driver or crew, control room, outside networks which could be used by passengers in vehicle, station, railroad line. Based on these, we have analyzed the conduct of emergency action in length of time when emergency happens in railway and high-speed railway, and studied the method of which passengers could be guided safely and escape from the scene of the accident.

• Proceedings of the Korea Technical Association of the Pulp and Paper Industry Conference
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• 1999.11b
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• pp.9-18
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• 1999

Recycling systems are usually designed with pulp quality targets based on cleanliness, or similar property. Achieving other specific fibre properties is rarely a goal of a recycling system, but fibre properties can be modified to suit specific end uses. Recycling line equipment choices impact n fibre properties, but these effects choices impact on fibre properties, but these effects tend to be less well documented than the effects on cleanliness or brightness.