Journal of the Korea Safety Management & Science (대한안전경영과학회지)

Korea Safety Management & Science (대한안전경영과학회)
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Estimating the Value of the North Korean Renewable Energy Power Market Taking into Account North Korea's Power Generation and the Safety of Its Inhabitants

북한 발전과 주민 안전을 고려한 북한 신재생에너지 전력 시장 가치 추정

  • Jang, Hyung Sik (Namseoul University Graduate School, Industrial Management Engineering) ;
  • Koo, Il Seob (Namseoul University, Dept. of Bigdata & Management Engineering)
  • 장형식 (남서울대학교 대학원 산업경영공학과) ;
  • 구일섭 (남서울대학교 빅데이터경영공학과)
  • Received : 2022.09.16
  • Accepted : 2022.09.28
  • Published : 2022.09.30
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Abstract

While protecting its lives and property from natural disasters such as floods and droughts, North Korea needs to develop into an informationized industrial society by securing renewable energy power in the era of energy transition. In addition, existing research has considered that a policy of continuous and consistent expansion of renewable energy based on the safety of the lives of ordinary people could be the solution. South Korea needs to recognize that the supply of energy for a minimum of living is more important to the North Korean people than the economic benefits of securing North Korea's renewable energy market. Therefore, in this paper, from that point of view, we have calculated the amount of electricity that North Korea lacks necessary for the lives of its inhabitants that can be replaced by renewable energy, and considered ways to estimate the market value.

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