DOI QR코드

DOI QR Code

A Comparison Analysis on the Ship Finance Competitiveness of Korea, China, Japan and Europe

국내외 주요국 선박금융 경쟁력 비교분석 - 한국, 중국, 일본, 유럽을 중심으로 -

  • Received : 2020.06.05
  • Accepted : 2020.06.28
  • Published : 2020.06.30

Abstract

The purpose of this study was to measure the competitiveness of ship finance in Korea, Europe, China, and Japan and compare them with each other to derive implications for strengthening the competitiveness of Korea ship finance. in order to achieve this goal Moon Hui-chang (1998) double diamond model was utilized, and the business conditions, factor conditions, demand conditions, and related and supporting industry were defined and measured for ship finance. As a result, Korea is highly competitive in business and demands conditions due to the high competitiveness of the domestic shipbuilding industry, and Europe is superior to Korea in all aspects except for business conditions. Japan failed to innovate and weakened its competitiveness, while China showed high competitiveness in factors and related supporting industries conditions.

Keywords

Acknowledgement

This research is supported by Korea Maritime Institute 2019 (A study on ways to enhance maritime finance capabilities through a comparison of overseas cases).

References

  1. Baek, Young-Mi (2015), "A Study on the Financing Support Policy for Small-Medium Sized Liner Shipping Firms", Korea Trade Review, 40(1), 133-160
  2. Bank of Korea Economic Statistics System, Available: http://ecos.bok.or.kr (Accessed: 2019,11,08)
  3. Bakan, I. and I. F. Dogan, (2012), "Competitiveness of the Industries Based on the Porter's Diamond Model: an Empirical Study", International Journal of Research and Reviews in Applied Sciences, 11(3), 441-455
  4. Byun, Jeong-Wook, Lee, Seong-Sang and Kim, Sung-Soo (2016), "The convergence of IP and financial sectors : Analysis of the national competitiveness by using Diamond model approach", Jouranl of Digital Convergence, 14(3), 227-234
  5. Cho, Dong-sung (1994), "A dynamic Approach to International Competitiveness: the Case of Korea", Junal of Far Eastern Business, 1(1), 17-36
  6. Cho, Dong-Sung and Moon, Hwy-Chang (2006), National Competitiveness: Theory and Practice, The Korea Economic Daily
  7. Clarkson Shipping Intelligence Network, Available: http://sin.clarksons.net (Accessed: 2019,11,08)
  8. Dogl, C. and D. Holtbrugge (2010), "Competitive advantage of German Renewable energy firms in Russia", Journal of East European Management Studies, 15(1), 34-58 https://doi.org/10.5771/0949-6181-2010-1-34
  9. Dogl, C. and D. Holtbrugge, T. Schuster, (2012), "Competitive advantage of German Renewable energy firms in India and China", International Journal of Emerging Markets, 7(2), 191-214 https://doi.org/10.1108/17468801211209956
  10. Gonzales, S. C. V. and C. P. Jesus and J. Guillen, (2016), "the Competitiveness of Latin-American Economies: Consolidation of the double diamond Theroy", Economic Systems, 40, 373-386 https://doi.org/10.1016/j.ecosys.2015.10.003
  11. IMF International Financial Statistics(IFS), Available: https://data.imf.org/IFS (Accessed: 2019,11,08)
  12. Institute for Management Development(IMD)(2019), World competitiveness yearbook
  13. Kim, Hyo-Jong, Kim, Eun-Hee and Lim, Seong-Jin (2013), "A Comparative Study of National Competitiveness in Air Transport Industry using Diamond Model", Journal of the Aviation Management Society of Korea, 11(2), 43-65
  14. Kil, Kwang-Soo (2012), "Ways to Strengthen the National Competitiveness of the Container Port Industry in Korea", Quarterly Marine Fisheries 2(4), 26-47
  15. K-stat, Available: http://stat.kita.net (Accessed: 2019,11,08)
  16. Kim, Tae-Il, Lee, Ho-Chun and Yoon, Jae-Woong (2014), Measures to Vitalize Shipping Finance by Improving the Role of the Capital Market, Korea Maritime Institute
  17. Lee, Choong-Bae, Wan, Jun-Bin and Kim, Jeong-Hwan (2012), "A Comparative Study on the International Competitiveness of Chinese Shipping Industry", The Korea Port Economic Association, 28(1), 289-312
  18. Lee, Dong-Hee and Hyun, In-Gyou (2016), "An Analysis on the International Competitiveness of Korean, Chinese and Japanese Petrochemical Industry", Korea Research Academy of Distribution and Management Review, 19(4), 31-53
  19. Lee, Ki-Hwan, Hwang, Doo-Gun and Kim, Kang-Hyeok (2009), "A Comparative Review of Ship Financing through Ship Investment Companies", The Journal of Shipping and Logistics, 25(1), 15-40 https://doi.org/10.37059/TJOSAL.2009.25.1.15
  20. Lee, Koung-Rae (2017), "A Comparative Study on Shipping Finance in Korea for Availability Expansion", The Journal of Shipping and Logistics, 33(3), 599-622 https://doi.org/10.37059/TJOSAL.2017.33.3.599
  21. Mboya, J. and K. Kazungu, (2015), "Determinants of Competitive Advangate in the Textile and Apparel Industry in Tanzania: the Application of Porter's Diamond Model", British Journal of Economics, Management & Trade, 7(2), 128-147
  22. Moon, Hwy-Chang (1998), "Comparison and Analysis of International Competitiveness: A Generalized Double Diamond Approach", Journal of International Area Studies 7(1), 1-16
  23. OECD Statistics: Available: https://stats.oecd.org (Accessed: 2019,11,08)
  24. Park, Jang-Yeol, Kim, Hyun and Ko, Dong-Wan (2010), "A Comparison on the National Tourism Industry Competitiveness of Korea and Japan by using Dual Double Diamond Model", Journal of Tourism Sciences, 34(9), 51-71
  25. Petrofin Global Bank Research, Available: http://www.petrofin.gr (Accessed: 2019,11,08)
  26. Porter, M. E. (1990), The Competitive Advantage of Nations, The Free Press, Nueva York
  27. Postelnicu, C. and I. M. Ban (2010), "Some Empirical Approaches of the competitiveness' Diamond - the case of Romanian Economy", the Romanian Economic Journal, 13(36), 53-77
  28. Yoon, Jong-Il and Kim, Yong-Jin (2013), "Competitiveness Analysis of Global Logistics Companies Using the Generalized Double Diamond Model -Focusing on Pantos Logistics, DHL and Nippon Express-", Korea Logistics Review, 23(5), 51-73