• 국제학술발표논문집
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• The 3th International Conference on Construction Engineering and Project Management
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• pp.272-275
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• 2009

Carbon finance is the investment in Greenhouse Gas (GHG) emission reduction projects in developing countries and countries with economies in transition within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI) and with creation of financial instruments, i.e., carbon credits, which are tradable in carbon market. The additional revenue generated from carbon credits will increase the bankability of projects by reducing the risks of commercial lending or grant finance. Meantime, it has also demonstrated numerous opportunities for collaborating across sectors, and has served as a catalyst in bringing climate issues to bear in projects relating to rural electrification, renewable energy, energy efficiency, urban infrastructure, waste management, pollution abatement, forestry, and water resource management. Establishing additionality is essential for successful CDM project development. One of the key steps is the investment analysis. As guided by UNFCCC, financial indicators such as IRR, NPV, DSCR etc are most commonly used in both Option II & Option III. However, economic indicator such as Economic Internal Rate of Return(EIRR) are often overlooked in Option III even it might be more suitable for the project. This could be due to the difficulties in economic analysis. Although Asian Development Bank(ADB) has given guidelines in evaluating EIRR, there are still large amount of works have to be carried out in estimating the economic, financial, social and environmental benefits in the host country. This paper will present a case study of a CDM development of a 18 MW hydro power plant with carbon finance option in central Vietnam. The estimation of respective factors in EIRR, such as Willingness to Pay(WTP), shadow price etc, will be addressed with the adjustment to Vietnam local provincial factors. The significance of carbon finance to Vietnam renewable energy development will also be addressed.

• 한국컴퓨터정보학회논문지
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• 제28권8호
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• pp.39-48
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• 2023

본 연구는 의류의 디자인 간 치수의 불일치와 비표준화로 인해 온라인 구매 시 발생하는 치수 선택의 오류 문제를 해결할 수 있는 방안을 제시하기 위해 수행되었다. 본 논문은 구매자에게 개인화된 치수를 제시할 수 있는 기계 학습 기반 추천 시스템의 구현 방안을 다루고 있다. 온라인 상거래로부터 발생된 구매 데이터를 사용하여 비음수 행렬 분해(NMF), 특이값 행렬 분해(SVD), k-최근접 이웃(KNN), 공동 클러스터링(Co-Clustering) 등 여러 검증된 협업 필터링 알고리즘을 훈련하였고, 이들 간에 성능을 비교하였다. 연구 결과, 비음수 행렬 분해 (NMF) 알고리즘이 다른 알고리즘들보다 뛰어난 성능을 보임을 확인할 수 있었다. 동일한 계정을 사용하는 여러 구매자가 포함되는 구매 데이터의 특성에도 불구하고, 제안 모형은 충분한 정확도를 보였다. 본 연구의 결과는 치수 선택의 오류로 인한 반품률을 감소하고 전자상거래 플랫폼에서의 고객 경험을 향상시키는 데 기여할 것으로 기대된다.

• KNOM Review
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• 제22권1호
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• pp.11-19
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• 2019

기술이 발전함에 따라 사용자에게 가해지는 네트워크상의 최신 보안 위협이 늘어나고 있다. 해커가 악의적인 목적을 가지고 산업 또는 기업의 시스템을 공격함으로써 기밀정보가 유출되거나 사이버 테러, 정보 자산의 침해, 금전적인 손해 등의 많은 사회 문제를 야기한다. 복잡하고 다양해지는 위협으로 인해 현 보안 인력만으로 모든 위협을 탐지하고 분석하기에는 역부족인 상황이 되었다. 특히, 365일 24시간으로 돌아가는 산업 기반 시설에서 사용하는 SCADA(Supervisory Control And Data Acquisition)는 정적인 데이터를 수집 및 분석하므로, 실시간으로 발생하는 보안 위협에 대해서는 매우 취약하다. 본 논문에서는 실시간으로 시스템의 상태를 모니터링이 가능하고 보안 위협을 탐지하는 강력한 통합 보안 관리 시스템인 SIEM(Security Information and Event Management)에 대해 소개한다. 다음으로 다양한 기업의 SIEM 솔루션들과 오픈 소스로 배포되는 AlienVault 사의 OSSIM(Open Source SIEM) 을 비교분석하고, OSSIM을 이용한 활용 사례와 OSSIM을 활용할 수 있는 방안을 제시한다.

• Journal of Korea Trade
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• 제27권1호
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• pp.1-18
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• 2023

Purpose - Using a sample of Korean multinational corporations, we examine whether the relationship between tax risk and the implied cost of capital discriminates between the environmental, social, and corporate governance (ESG) of highly rated firms. Design/methodology - Firms with high tax risks have an increased uncertainty of future cash flows. Therefore, as the volatility of future cash flow increases, information asymmetry and the required return increases. Highly rated ESG firms can reduce information asymmetry, thereby weakening the positive relationship between tax risk and cost of capital. We employ the standard deviation of the cash effective tax rate as proxy of tax risk. We utilize the ESG rating data of the Korea Corporate Governance Service (KCGS). We use a PEG model, MPEG model, and GM model to measure the implied cost of capital. Findings - We find a positive association between the implied cost of capital and tax risk. The positive relationship between tax risk and the implied cost of capital weakens in highly rated ESG firms. Highly rated ESG firms prefer a stable tax position to invest after-tax cash flows into sustainable management. Therefore, the negative effects of tax risk on cost of capital can be reduced. Originality/value - This study provides empirical evidence that ESG activities can mitigate the negative impact of tax risk on the cost of capital for Korean multinational corporations. In a business environment where ESG activities are more important, the empirical results that ESG activities can reduce the corporate risk of Korean FDI companies are expected to provide implications for the ESG activities of multinational corporations.

• 품질경영학회지
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• 제51권2호
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• pp.171-184
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• 2023

Purpose: First, this paper suggests an alternative approach to find optimal portfolio (stocks, bonds and ESG stocks) under the maximizing utility of investors. Second, we include ESG stocks in our optimal portfolio, and compare improvement of welfares in the case with and without ESG stocks in portfolio. Methods: Our main method of analysis follows Brennan et al(2002), designed under the continuous time framework. We assume that the dynamics of stock price follow the Geometric Brownian Motion (GBM) while the short rate have the Vasicek model. For the utility function of investors, we use the Power Utility Function, which commonly used in financial studies. The optimal portfolio and welfares are derived in the partial equilibrium. The parameters are estimated by using Kalman filter and ordinary least square method. Results: During the overall analysis period, the portfolio including ESG, did not show clear welfare improvement. In 2017, it has slightly exceeded this benchmark 1, showing the possibility of improvement, but the ESG stocks we selected have not strongly shown statistically significant welfare improvement results. This paper showed that the factors affecting optimal asset allocation and welfare improvement were different each other. We also found that the proportion of optimal asset allocation was affected by factors such as asset return, volatility, and inverse correlation between stocks and bonds, similar to traditional financial theory. Conclusion: The portfolio with ESG investment did not show significant results in welfare improvement is due to that 1) the KRX ESG Leaders 150 selected in our study is an index based on ESG integrated scores, which are designed to affect stability rather than profitability. And 2) Korea has a short history of ESG investment. During the limited analysis period, the performance of stock-related assets was inferior to bond assets at the time of the interest rate drop.

• 대한토목학회논문집
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• 제28권6D호
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• pp.831-837
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• 2008

우리나라는 사회구조 변화에 따른 노동력 부족과 세계화와 자유무역협정에 따른 경제적 환경 변화로 인하여 건설 산업을 포함한 모든 산업에서 어려움을 겪고 있으며 이를 해결하기 위하여 혁신적이고 새로운 산업의 패러다임을 도출하기위하여 노력하고 있다. 세계의 여러 국가에서는 산업의 새로운 패러다임 구축을 위하여 첨단 이종산업간의 융합을 통한 경쟁력 강화에 힘쓰고 있으며 우리나라에서도 이와 같은 첨단 기술융합을 통한 연구개발에 많은 투자를 계획하고 있다. 하지만 첨단 기술의 융합을 기반으로 한 건설 산업의 연구개발과제는 전통 산업과 첨단 이종산업간의 결합이라는 특수성을 가지고 있기때문에 기술적 평가와 시장 니즈 분석이 선행되어야 하며, 국가의 기반 산업이자 타산업의 건설수요에 따라 생산 활동이 이루어지는 파생산업인 건설 산업의 특성을 고려할 때 타 산업으로의 간접성과까지 고려하는 과정을 거쳐야 한다. 본 연구에서는 체계적인 기술가치 산정을 위해 연구과제 선정, 도출, 기획의 과정을 통하여 각 연구과제의 정확한 연구범위 설정 및 연구비 산정을 하였다. 또한 건설 산업에 맞는 기술가치 분석 방법론을 제시하여 연구과제의 개발로 인한 직접적 효과뿐만 아니라 타 산업으로 확산되는 간접 성과까지 도출하여 각 과제의 종합 기술가치 및 기술개발 사업화에 따른 투자 대비 수익률을 측정하였다.

• 영어영문학
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• 제58권4호
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• pp.701-721
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• 2012

This paper aims to revisit William Faulkner's Absalom, Absalom! by focusing on the corporeal body and its role in dismantling the Southern ideology of white patriarchy. The latter, which is represented by Thomas Sutpen and his attempt to establish a white male dynasty, is a symbolic space in which the corporeal body turns into a symbolic one through the process of inscribing social ideologies on it. However, this symbolic space is also a contending site between the two bodies. The symbolic body of Sutpen cannot entirely erase its corporeal traces, and therefore the corporeal body, which is buried but nonetheless existent, threatens to undermine rules and premises of the symbolic order. Given that, this paper approaches Faulkner's critique of the Southern white patriarchal ideology from the tension that the corporeal body and the symbolic body create. The 'flesh' roughly corresponds to racial and sexual otherness, namely black flesh and the homoerotic desire of male body. Although they-as the matter of race and that of gender - function in different levels of signification, they still share a common purpose in revealing the logical paradox within Sutpen's symbolic order. The idea of pure whiteness that Sutpen subscribes to is a concept that prerequisites the existence of blackness. Likewise, his idea of male homosociality based upon patriarchal legacy stands precariously on the verge of disintegrating into homoetoricism. As internal otherness that Sutpen's symbolic order cannot fully incorporate, the corporeal body functions to indicate the limitation of Sutpen's Design and its body-signification process.

• 한국농공학회논문집
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• 제66권3호
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• pp.39-51
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• 2024

To effectively implement the integrated water management policy outlined in the National Water Management Act, it is essential to analyze agricultural water supply and demand at both basin and water district levels. Currently, agricultural water is primarily distributed through open canal systems and controlled by floodgates, yet the utilization-to-supply ratio remains at a mere 48%. In the case of agricultural water, when analyzing water balance through existing national basin water resource models (K-WEAP, K-MODISM), distortion of supply and regression occurs due to calculation of regression rate based on the concept of net water consumption. In addition, by simplifying the complex and diverse agricultural water supply system within the basin into a single virtual reservoir, it is difficult to analyze the surplus or shortage of agricultural water for each field within the basin. There are limitations in reflecting the characteristics and actual sites of rural water areas, such as inconsistencies with river and reservoir supply priority sites. This study focuses on the development of a model aimed at improving the deficiencies of current water balance analysis methods. The developed model aims to provide standardized water balance analysis nationwide, with initial application to the Anseo standard watershed. Utilizing data from 32 facilities within the standard watershed, the study conducted water balance analysis through watershed linkage, highlighting differences and improvements compared to existing methods.

• Safety and Health at Work
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• 제14권4호
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• pp.445-450
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• 2023

Background: The impact of COVID-19 infection on workers' work function persists even after the acute phase of the infection. We studied this phenomenon in Japanese workers. Methods: We conducted a one-year prospective cohort study online, starting with a baseline survey in December 2020. We tracked workers without baseline work functioning impairment and incorporated data from 14,421 eligible individuals into the analysis. We estimated the incidence rate ratio for new onset of work functioning impairment due to COVID-19 infection during follow-up, using mixed-effects Poisson regression analysis with robust variance. Results: Participants reporting infection between January and December 2021 showed a significantly higher incidence of new work functioning impairment (adjusted incidence rate ratio: 2.18, 95% confidence interval: 1.75-2.71, p < 0.001). The formality of the recuperation environment correlated with a higher risk of work functioning deterioration in infected individuals (p for trend <0.001). Conclusion: COVID-19-infected workers may continue to experience work difficulties due to persistent, post-acute infection symptoms. Companies and society must urgently provide rehabilitation and social support for people with persistent symptoms, recognizing that COVID-19 is not just a transient acute infection.

• 중국연구
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• 제79권
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• pp.355-382
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• 2019

본 연구는 유연안정성 개념을 적용하여 신창타이 시대에 진입한 중국의 노동시장정책과 유연안정성 모델을 분석한다. 경제성장 둔화와 사회경제구조의 변화 속에서 중국은 균형과 안정을 추구하는 성장전략에서 효율과 실리를 강조하는 성장전략으로 변화하고 있다. 이는 신자유주의적인 노동시장으로의 회귀가 아니라 유연성과 안정성을 동시에 보장하는 노동시장 구축이라는 관점으로 바라볼 수 있다. 중국은 유럽연합에서 출발한 유연안정성 모델 전략을 따르고 있지만 중국적 특징을 지닌 정책을 포함한 중국식 유연안정성 모델을 제시하고 있다. 이에 본 연구는 신창타이 시대 진입 이후 중국은 노동시장 유연성과 사회보장 안정성의 결합과 균형을 제시하는 유연안정성 전략을 추구하고 있으며 이는 중국식 특유의 모델을 구축하는 방향으로 나아가고 있다는 결론을 제시한다.