• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.6
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• pp.1-12
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• 2022

This paper put the goal on boosting up early startup investment by delivering and positioning SAFE as the main early startup investment type in Korea. In particular, this paper proves the better fitting of SAFE as to the early stage of venture investment than these of Convertible Note. This paper as referring the previous studies of SAFE as the major keystone issues determining active SAFE applying (legal positioning issue, tax treatment issue, failure of inducing the following investment with uncertainty over maturity) proposes boosting up policy of Korean SAFE. First, as to accounting treatment of SAFE, it suggests SAFE to recognize legally as "the capital" on the Korean Venture Investment Act of introducing SAFE actively as venture investment type. Second, as to tax treatment issue, it proposes on amending venture indication rule as the best alternative of resolving tax issue by accepting SAFE as the investment meeting to venture investment requirement. Third, as benchmarking foreign cases, it delivers the method of modifying foreign SAFE Contract Format by adding up more clauses about safety vehicles against the failure of the following investment and fixing maturity date and event. Ultimately, all resolutions of this paper fall on highlighting the role of Korean Venture Investment Act and Ministry of SMEs and Startups.

• Journal of The Korean Association For Science Education
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• v.27 no.9
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• pp.930-943
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• 2007

The purpose of this study was to investigate if students may actually experience scientific reasoning based on an epistemology of authentic science during authentic open inquiry. The samples were 86 10th graders in a science-high school in Seoul. The experimental group practiced authentic open inquiry and the control group practiced traditional school science inquiry in five weeks. Then, the questions students asked while performing inquiry tasks were analyzed. The frequency of the questions asked by students was almost same between two groups, however, the types of questions were different. The frequency of thinking questions in experimental group was higher than the control, and the difference was statistically significant (P<.01). Particularly, the frequency of expansive thinking questions and anomaly detection questions was much higher in experimental than the control group. Judging from the result, with the students from the experimental group asking questions reflecting on the epistemology of authentic science such as scientific methods, anomalous data, and uncertainty about reasoning, students may understand authentic science features during the activities of open authentic inquiry. The result from comparing questions according to the inquiry subject showed that more openness caused the higher frequency of anomaly detection questions and strategy questions, but that inductive thinking questions and analogical thinking questions were connected to inquiry subject rather than the openness of the inquiry.

• Journal of Korea Water Resources Association
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• v.57 no.4
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• pp.289-300
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• 2024

The purpose of this study is to evaluate the applicability of the GRM (Grid based rainfall-Runoff Model) to the continuous simulation by simulating the dam inflow. The GRM was previously developed for the simulation of rainfall-runoff events but has recently been improved to enable continuous simulation. The target watersheds are Chungju dam, Andong dam, Yongdam dam, and Sumjingang dam basins, and runoff models were constructed with the spatial resolution of 500 m × 500 m. The simulation period is 21 years (2001 to 2021). The simulation results were evaluated over the 17 year period (2005 to 2021), and were divided into three data periods: total duration, wet season (June to September), and dry season (October to May), and compared with the observed daily inflow of each dam. Nash-Sutcliffe efficiency (NSE), Kling-Gupta efficiency (KGE), correlation coefficient (CC), and total volume error (VE) were used to evaluate the fitness of the simulation results. As a result of evaluating the simulated dam inflow, the observed data could be well reproduced in the total duration and wet season, and the dry season also showed good simulation results considering the uncertainty of low-flow data. As a result of the study, it was found that the continuous simulation technique of the GRM model was properly implemented and the model was sufficiently applicable to the simulation of dam inflow in this study.

• Journal of Korea Water Resources Association
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• v.57 no.4
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• pp.263-276
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• 2024

Since the first introduction of one-dimensional transient storage modeling in the field of solute transport analysis in rivers, its application has notably expanded for various purposes, including for hydrology and geobiology over the past few decades. Despite strides in refining transient storage models, there remain unresolved challenges in simplifying complex river transport dynamics into concise formulas and a limited set of parameters. This review paper is dedicated to cataloging and assessing existing transient storage models, outlining the difficulties associated with model structures, parameters, and data, and suggesting directions for future research. We seek to enhance understanding of transient storage by highlighting the importance of continuously evaluating residence time distribution modeling, integrating hydrodynamic models, and using data with minimal assumptions. This paper would contribute to advance our comprehension of the transient storage process, offering insights into sophisticated modeling techniques, pinpointing uncertainty in parameters, and suggesting the necessary avenues for further study.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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• v.29 no.2
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• pp.116-138
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• 2024

This study presents a new tool and protocol to assess the impact of 'Marine Invasive and Harmful Species' (MIHS) on marine environments and socio-economic aspects. It addresses shortcomings in the Marine Ecosystems Conservation and Management Act in South Korea by proposing an impact assessment framework divided into marine environmental and socio-economic groups. Six distinct evaluation categories are included in each group, and a semi-quantitative five-step scale is utilized to provide a flexible approach, addressing a variety of issues from ecological disturbances to effects on health and property. The assessment tool is applied through a systematic five-stage process based on the Delphi method. This approach posters collaboration among a diverse sets of experts and stakeholders, enabling a comprehensive evaluation that incorporates various perspectives. The study also examines strategies to effectively manage uncertainties and improve the consistency of the outcomes. The application of this assessment protocol is expected to be crucial in quantifying the ecological damage caused by MIHS and in identifying management and prevention priorities. The ultimate aim of this evaluation process is to aid decision-makers in developing strategies to preserve the marine ecosystem and mitigate socio-economic impacts.

• Journal of Korea Water Resources Association
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• v.57 no.1
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• pp.45-58
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• 2024

Drought risk is expected to increase as the frequency, intensity, and duration of droughts increase due to climate change. Drought risk is related to not only hydro-meteorological factors, but also water supply and demand. Recently, along with climate change, socioeconomic factors have also been recognized to increase drought risk. Therefore, it is necessary to outlook the drought risk considering various conditions for coping with future extreme droughts in a timely manner. In addition, considering various drought scenarios help reduce the uncertainty in future drought outlook. In this study, drought scenarios considering climate change scenarios, population, and water demand were created to outlook drought risk for 160 administrative districts in Korea, then new levels of drought risk were assigned based on the results of drought risk outlook to suggest drought management measures. The results showed that the drought risk will increase in the future in 2020, 2025, and 2030, compared to past. Especially the drought risk is likely twice as high in 2030 under the baseline and high scenarios. Applying the drought outlook results from this study to the new methodology for setting the risk levels shows that most regions are in Response (V) in 2020 and 2030 for baseline and high scenarios.

• Information Systems Review
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• v.19 no.4
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• pp.1-25
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• 2017

Despite high uncertainty on financial return, firms have continuously increased their investment on technologies because they recognize the potential value of technology investment in terms of enhancing operational efficiency and sustaining competitive advantage. Notably, an individual technology investment pattern or strategy within an industry may ultimately lead to significant differences in business performance. Hence, we first categorized technology investment into traditional research and development investment and information technology investment. Afterward, we examined the effects of each pattern with combination of the two types of technology investment on business performance according to firm size and position in the supply chain through fuzzy-set qualitative comparative analysis. Data collected from 562 manufacturing firms in Korea were used in the analysis. Results showed that large-sized firms were slightly affected with microscopic patterns in their technology investments, whereas small firms were highly affected with their technology investment patterns and their positions in the supply chain. The findings implied that a small enterprise requires an appropriate technology investment strategy to achieve successful business outcomes.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.19 no.1
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• pp.1-21
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• 2024

Recently, venture capital investment has been shrinking globally due to high interest rates and economic slowdown. Korea is no exception. Due to the downturn in the M&A and public markets, increasing economic uncertainty, and the aftermath of corporate bankruptcies, venture capitalists are facing many difficulties in raising funds. In the changed economic environment, the investment decision factors of venture capitalists have also changed. However, studies on VCs' investment decisions have focused on the general economic environment. This study examines how VCs' investment decision-making factors change during economic recessions and booms. To this end, we interviewed active investors who have experienced both economic recessions and booms to compare how VCs' investment decision factors change: 1) personal characteristics of founders, 2) experience of founders, 3) product/service, 4) market, 5) financial situation, 6) contract terms and 7) venture capital co-investment. The results showed that founder's personal characteristics, experience, and product/service were more important during the economic recession. Market is slightly more important during economic booms. The importance of financial situation and investment conditions increased sharply during the recession compared to the boom. Finally, venture capital co-investment did not differ significantly between recessions and booms. By understanding the investment decision-making factors of venture capitalists in the recent difficult venture investment environment, this study aims to help startups raise funds and survive in a difficult market.

• Journal of Korea Water Resources Association
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• v.57 no.2
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• pp.139-150
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• 2024

This study introduced a method of estimating water surface evaporation using the physical-based Penman combination equation (PCE) and the Penman wind function (PWF). A set of regression parameters in the PCE and PWF models were optimized by using the observed evaporation data for the period 2016-2017 in the Yongdam Dam watershed, and their effectiveness was explored. The estimated evaporation over the Deokyu Mountain flux tower demonstrated that the PWF method appears to have more improved results in terms of correlation, but both methods showed overestimation. Further, the PWF method was applied to the observed hydro-meteorological data on the surface of Yongdam Lake. The PWF method outperformed the PCE in the estimation of water surface evaporation in terms of goodness-of-fit measure and visual evaluation. Future studies will focus on a regionalization process which can be effective in estimating water surface evaporation for the ungauged area by linking hydrometeorological characteristics and regression parameters.

• Journal of Navigation and Port Research
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• v.48 no.1
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• pp.34-48
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• 2024

As global supply chain risks proliferate unpredictably, the high interdependence of port and logistics industry intensifies the risk burden. This study conducted fundamental research to explore diverse safety issues in domestic ports. Utilizing news article data about Busan Port, we employed LDA topic modeling and time-series linear regression to understand key safety trends. Over the past 30 years, Busan Port faced nine major safety issues-maritime safety, import cargo inspection, labor strikes, and natural disasters emerged cyclically. Major port safety issues in Busan Port are primarily characterized by an unpredictable nature, falling under socio-environmental and natural phenomena types, indicating a significant impact of global uncertainty. Therefore, systematic policies need to be formulated based on identified port safety issues to enhance port safety in Busan Port. Additionally, there is a need to strengthen the resilience of port safety for unpredictable risk situations. In conclusion, advanced research activities are necessary to promote port safety enhancement in response to dynamically changing social conditions.