goods, which results in an appreciation of USD relative to Won. Also, by seeing 〖lroil〗_t, We intuitively expected that increase of the real oil price will appreciate the value of USD with respect to Won. This intuition came from this : net importers of oil(Korea) need to purchase USD in the international currency market in order to pay for the imported oil. With those intuition,
Korea has changed variously since the Second World War.
4. 1. The fixed exchange rate system ( 1945. 10 ~ 1964. 5 )
A fixed exchange rate system is a currency system in which governments tries to keep the value of their currencies constant against one another. It is a system in which the fluctuation is fixed within a certain standard (-+1%)
1945. 10 The official won-dollar exchange rate w
Korea Airlines
For analyzing Korean Air's operating performance of 2008, income statement from year 2006 to 2008 were compared.
Prior to analyzing the company's sales revenue, world airline industry experienced loss of $50 billion per year. It was due to the reduced demand from high oil price which had continued to the first half of 2008 and from economic recession which began from the seco
countries) — then the new FTA will consist of the old FTA plus the new country (or countries).
Within an industrialized country there are usually few if any significant barriers to the easy exchange of goods and services between parts of that country. For example, there are usually no trade tariffs or import quotas; there are usually no delays as goods pass from one part of the country
Abstract
Bioethanol is one of the alternative sources of oil resources which received attention with biodiesel. Many countries produce bioethanol from food sources such as corn and sugarcane, but it causes food-energy conflicts and farmland problem. So it needs to focus on new biomass which is sustainable, renewable, cost-effective and do not occurred any conflicts. Algae are one of the bioma