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Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea (한국 원/달러환율과 금리의 관계분석)

  • 김종권
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.48
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    • pp.133-144
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    • 1998
  • International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale corporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

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Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea (한국 원/달러환율과 금리의 관계분석)

  • 김종권
    • Proceedings of the Safety Management and Science Conference
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    • 2002.11a
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    • pp.305-319
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    • 2002
  • International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term &short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge md were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

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A Study on Fisheries Resource Management Under the Rate Payment System - In Case of Large Trawl Fisheries - (비율(보합) 급제하에서 어업(자원)관리에 관한 연구 - 대형기선저인망어업을 중심으로 -)

  • Park Seong-Kwae
    • The Journal of Fisheries Business Administration
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    • v.36 no.3 s.69
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    • pp.1-24
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    • 2005
  • Korean fishery wage system has been evolved with the different titles. However, Since the law of fishing crew was enacted in 1984, the fishery wage system has been established as a rate system, which is a legal term. The present rate system in practice shows various contents and modalities, depending on fisheries and regions, but the fisheries of large trawl cooperative employ a rate system of fixed plus rate wage. However, such change did not transform basically the properties of pure rate scheme. As well known, fishing vessel owners face an awful lot of difficulty in managing and controlling effectively the production process because fishing activities are carried out in the seas remote from the land. Thus, it tend to be inevitable for vessel owners to employ a rate system to induce fishermen's positive motivation for promoting productivity and saving operating costs. However, the rate system has worked out as a driving force, which induce an increase in production more strongly under the expansion of vessel numbers and power and the keener competition of fishing activities. Even though the control mechanism of fishing instruments are well established, fishermen become naturally to have an incentive to increase their fishing effort for maximizing production since they are able to raise their shares by maximizing the quantity harvested. Thus, as far as the rate system exists, fisheries administration may have much difficulty in realizing its fishery management goals only through vessel reduction and fishing gear regulations. Also, under the rate system fishery management authority may be in face of a serious dilemma between the spontaneous rate system and vessel reduction policy. If the realistic aspect of the rate system is recognized and resource restoration and profit promotion are main policy goals, it is necessary to develop effective ways to control vessel owners' and fishermen's production-maximizing motives at an appropriate level. From this point of view, it seems reasonable to introduce TAC system by species or by fisheries into the existing fishery system. The research results suggest that if the fisheries administration could understand clearly the spontaneous fisheries wage system, it would know the norm of TAC and the basic reasons for illegal fishing activities and thus it would be able to develop and implement more realistic resource management policies.

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A Non-contact Realtime Heart Rate Estimation Using IR-UWB Radar (IR-UWB 레이더를 이용한 비접촉 실시간 심박탐지)

  • Byun, Sang-Seon
    • IEMEK Journal of Embedded Systems and Applications
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    • v.14 no.3
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    • pp.123-131
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    • 2019
  • In recent years, a non-contact respiration and heart rates monitoring via IR-UWB radar has been paid much attention to in various applications - patient monitoring, occupancy detection, survivor exploring in disaster area, etc. In this paper, we address a novel approach of real time heart rate estimation using IR-UWB radar. We apply sine fitting and peak detection method for estimating respiration rate and heart rate, respectively. We also deploy two techniques to mitigate the error caused by wrong estimation of respiration rate: a moving average filter and finding the frequency of the highest occurrence. Experimental results show that the algorithm can estimate heart rate in real time when respiration rate is presumed to be estimated accurately.

Scour depth analysis of foundation structure of southwestern sea offshore wind power demonstration complex (서남해 해상풍력 실증단지 기초구조물의 세굴심 분석)

  • Su-Bin Yong;Eun-Pyo Lim;Haeng-Woon Kim;Mun-Seong Gwak;In-Su Kim;In-Sung Jeon;Min-Seuk Kim
    • Journal of Wind Energy
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    • v.15 no.1
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    • pp.69-81
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    • 2024
  • In order to understand water depth distribution in the waters of the southwestern sea offshore wind power demonstration complex, field observations were conducted using a multi-beam echosounder from before construction (2018.2) to operation (2022.8). After data processing and correction of the observed depth, cross-sectional analysis was performed to calculate the maximum water depth value, and time phase analysis was performed using the maximum water depth value. The maximum water depth change rate over time tended to gradually decrease, and there was little difference in the rate of change before the construction of the wind turbine foundation structure, and the rate of change was rapid when the foundation structure was under construction. As a result of time phase analysis, the rate of change of the first (2018.02) and the second (2018.05) showed a rate between -6.27 and -4.13, on average, as the rate of change before the construction of the offshore wind farm, and there was no difference between the first and second rates. The third (2018.11) rate of change was -4.25 to -1.82, and the fourth (2019.04) rate of change was -2.34 to -1.22, and the rate of change increased rapidly after the third time. The fifth (2019.07) rate of change was -2.11 to -1.31, the sixth (2021.05) rate of change was -2.09 to -1.28, and the seventh (2022.08) was -2.11 to -1.22 rate of change, and after the rate of change reached some extent, the change was analyzed in an insufficient graph.

The Ergonomic Study on the Compressibility of the Pillow (베개의 압축성에 대한 인간공학적 연구)

  • Lee Yeun Soon;Nam Yoon Ja
    • Journal of the Korean Society of Clothing and Textiles
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    • v.13 no.3 s.31
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    • pp.187-196
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    • 1989
  • The purpose of this study is to find at the basic data for the appropriate compressibility of the pillows for the Koreans as well as, for the appropriate conditions to establish the estimating criterion for the pillows on the market place. This paper also aim to grasp thr compressibility of the materials used to make the pillows for sale. The appropriate compressive rate of the pillows have been investigated by sensuous test. The compressive rate, recovery rate, and decreasing rate of compression and recovery have been investigated by means of ergonomic and physical experiments. The results were as follows; 1) By sensuous test, the compressive rate of the pillows for the most comfortable state turns up $45\%{\pm}5\%$ in men and women. 2) As for the compressive rate and recovery rate of the eight pillow materials on market, panya, duck feather two kinds of synthetic fiber are highest, wood is lowest. 3) The compressive rate of panya, duck feather, and two kinds of fiber is within the range of the comfort by sensuous test. 4) In the durability of the compressive rate and recovery rate against the repeated use of the pillows, duck feather is in the highest grade, panya is the lowest grade and the others are graded between two.

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Effect of Inflow Rate of Raw Material Solution on the Fabrication of Nano-Sized Cobalt Oxide Powder by Spray Pyrolysis Process

  • Kim, Dong Hee;Yu, Jae Keun
    • Korean Journal of Materials Research
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    • v.26 no.11
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    • pp.662-669
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    • 2016
  • In order to identify changes in the nature of the particles due to changes in the inflow rate of the raw material solution, the present study was intended to prepare nano-sized cobalt oxide ($Co_3O_4$) powder with an average particle size of 50 nm or less by spray pyrolysis reaction using raw cobalt chloride solution. As the inflow rate of the raw material solution increased, droplets formed by the pyrolysis reaction showed more divided form and the particle size distribution was more uneven. As the inflow rate of the solution increased from 2 to 10 ml/min, the average particle size of the formed particles increased from about 25 nm to 40 nm, while the average particle size did not show significant changes when the inflow rate increased from 10 to 50 ml/min. XRD analysis showed that the intensity of the XRD peaks increased remarkably when the inflow rate of the solution increased from 2 to 10 ml/min. On the other hand, the peak intensity stayed almost constant when the inflow rate increased from 10 to 50 ml/min. With the increase in the inflow rate from 2 to 10 ml/min, the specific surface area of the particles decreased by approximately 20 %. On the contrary, the specific surface area stayed constant when the inflow rate increased from 10 to 50 ml/min.

The Effect of Seasonal Clothing Weight on Resting Metabolic Rate (계절별 착의량이 안정시 에너지 대사량에 미치는 영향)

  • 황수정;최정화;성화경
    • Journal of the Korean Society of Clothing and Textiles
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    • v.23 no.3
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    • pp.483-494
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    • 1999
  • This study investigated the relation between seasonal variation of clothing weight and its resting metabolic rate to determine the relation between proper living temperature and cold/heat tolerance. Thirty six subjects(18 males and females twenties) were composed to obtain the clothing weight(Total clothing weight) and resting metabolic rate for a year and grouped four seasons : spring (Mar-May) Summer(Jun-Aug) Fall(Sep-Nov) and Winter(Dec-Feb). The data of males and females were respectively divided into three groups by cluster analysis with clothing weight. 1. The resting metabolic rate of male(41.1kcal/m2/hr) was higher than that of female(33.2kcal/m2/hr). It is suggested there is gender difference in the resting metabolic rate(p<.001) 2. The resting metabolic rate of male and female was the highest in Winter. It is suggested there is seasonal variation in the resting metabolic rate(p<.001) 3. It was found that there was relation between clothing weight and resting metabolic rate. The difference of resting metabolic rate between Summer and Winter which is profitable to adaptation to living temperature was significant in light clothing weight in male as well as in female. 4. In comfortable sensation most subjects responded that he/she felt 'comfortable' except Winter. However the heavy clothing weight group felt 'a little uncomfortable' throughout all seasons. l In thermal sensation most subjects responded that he/she felt 'neutral' And then the heavy clothing weight group responded warmer in summer and cooler in winter than light clothing weight group. From the results it was confirmed that male and female showed seasonal variations in clothing weight and resting metabolic rate. Also the resting metabolic rate of male and female was influenced by the clothing weight. In short seasonal variation of resting metabolic rate was larger in light clothing weight group than in heavy clothing weight group. Therefore light clothing weight group is advantgeous in living temperature to improve cold/heat tolerance and it also shows that living with the light clothing weight may enhance the degree of adaptation to change of living environment

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Review on the Pertinent Discount Rate for the Public Investment Project (공공투자사업(公共投資事業)의 적정(適正) 할인율(割引率) 검토(檢討)에 관(關)한 연구(硏究))

  • Park, Jae Keun;Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.30 no.1
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    • pp.89-101
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    • 2003
  • For the pre-feasibility study and project evaluation, the discount rate or cutoff rate should be given by the government authority. To get the Benefit/Cost Ratio, NPV(Net Present Value) and IRR(Internal Rate of Return) of the public investment projects, the pertinent and realistic discount rate should be determined to be suitable to the present time period. The cut-off rates in Korea were equivalent to 15% in 1970's, 10% in 1980's and 8% in 1990's. The prevailing rate of discount as 8% is considered not to be suitable for the 2000's public project appraisal considering the present interest rates on deposit and national bonds. To determine the socio-economic feasibility of the public projects, the IRR should be bigger than the present cutoff rate. When we still use the high old rate of discount, the analytical results of project appraisal will show always economically unfeasible. Therefore the new rate of discount suitable for present time should be determined by the government. The public projects to be implemented in 2000 year onward are recommended to be adapted 5% of cutoff rate for the project appraisal and evaluation according to the results of reviewing the tendency of discount rates and market rates of interest in Korea.

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Properties of disease occurrence by season for cultivation facilities of oyster mushroom

  • Jang, Myoung-Jun;Park, YounJin;Kim, Jeong-Han
    • Journal of Mushroom
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    • v.17 no.3
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    • pp.93-98
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    • 2019
  • We investigated the correlation between density of air and the infection rate of airborne microorganisms in mushroom cultivation facilities and found that the correlation was low in places where the infection rate during cultivation was less than 1%. The farms with an infection rate of 2~5% showed a high infection rate in the inoculation room in spring and summer seasons, and in the incubation room in autumn, and the farms with an infection rate of more than 6% showed infection in all the rooms regardless of the season. The farms where the Trichoderma sp. was investigated at the time of the mushroom cultivation showed the highest infection rates of 3.17%, 2.74%, and 2.64% in summer, spring, and autumn, respectively. The farms infected with Neurospora tetrasperma showed a lesser rate of infection than the ones infected with Trichoderma sp., and the highest infection rate of 0.56% was observed in summer. Based on these results, the type of infection could be classified into five groups, where type I was farms where the infection rate is less than 1% in all seasons. Three farms belonged to this type, and the infection rate in this type was lower than that in the other types.