• Journal of Navigation and Port Research
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• v.28 no.1
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• pp.75-81
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• 2004

The port developments in Korea have been achieved by government because port needs large scale of funds for development and is recognized as SOC to be supplied by government. But this kind of policy has met budgetary problem to cope with rapidly increasing demands of port facilities. Thus in recent years, Korean government has tried to induce commercial capital to the construction of port facilities and allow port company to operate the facilities commercially for given period enough to compensate the investment. At present, several private ports are under construction and some will be opened in the near future. But on this stage, it is expected some problems for the reasonable port operation. This paper tried to scan and to analyze the current situation and also to find proper solutions.

• Journal of Korea Port Economic Association
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• v.23 no.1
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• pp.19-39
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• 2007

Korean port developments have been mostly made by the central government. With the introduction of the Port Authority system, however, roles and function assignments of the central government in port development have been in change and the Port Authority has to find a solution for inducement of private investment in port development. This paper has examined the current legal system of port developments and then sought the way for inducement of private capital to improve specialty and efficiency of harbor facilities management and development under Port Authority. As the Ministry of Maritime Affairs and fisheries(MMAF) has two types of legal system for inducement of private investment on port developments, the Port Authorities can also have two types of private finance. Private finances by the Port Authorities has some more critical advantages than the one by the central government. It is also required to change the the administrative permissions and concession agreements which MMAF conveyed to private participants in port developments into the concession agreements between Port Authorities and private participants.

• 월간 기계설비
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• no.9 s.194
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• pp.64-70
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• 2006

세계 100대 건설사 중 하나인 쌍용건설(주)는 1977년 창립 이래 오늘날 까지 꾸준한 성장을 보이고 있다. 해외건설 시장이 중동에 편중되었던 80년대에는 싱가포르, 말레이시아, 미국, 일본 등 해외시장 개척의 첨병 역할을 톡톡히 했으며, 인천국제공항, 경부고속철도, 경의선 등의 대규모 국책사업을 성공적으로 수행했고 더불어 고속도로, 항만, 플랜트 등을 시공하여 국가 산업 발전에도 기여하였다. 2005년 1조 1천600억 원대의 매출액과 300억 원대의 경상이익, 1조 9천억 원대의 수주를 달성하는 성과를 올린 쌍용건설(주)는 2006년의 경영 목표를 턴키 및 SOC민자사업 확대/ 지방 및 수도권 신도시 위주의 주택사업 전개/ 동남아 국가 사회기반시설공사 적극 참여 및 고급 건축분야 수주 확대 등으로 삼아 이를 이루고자 전력을 다하고 있으며, 이런 노력의 결과로 지난 7월, 인도네시아에서 미화 1억 3천만 달러 규모의 '플라자 인도네시아 확장공사'를 수주하여 건설업계의 화제가 되기도 했다.

• Journal of Korea Port Economic Association
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• v.25 no.4
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• pp.83-106
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• 2009

This study estimated the regional economic effects by development of the logistics complex in Incheon New Port, applying the regional Input-Output tables in Incheon. And thereby, we tried to find some strategic implications on the priority to induce more effective industries for activated operation of the logistics complex in ports. According to the results, development of Incheon New Port will generate 2,579 billion KRWs(2.2 billion USDs) of production and 1,783 KRWs(1.5 billion USDs) of value-added annually. And we expect it to induce 38.8 thousand jobs, which is over the national average on the input-output table. By the business type, port logistics industry will contribute to develop regional economy more than any other ones in Incheon. We suggest business firms in port logistics industry to be induced to the logistics complex in Incheon New Port strategically. Until now, development of the logistics complex in Incheon New Port are planned to be postponed to 2015 when construction of the berth facilities, the access sea routes and the hinterland highways are completed. We suggest to invest more public fund, to induce the private capital, and then, to develop the logistics complex in Incheon New Port earlier in an appropriate scale.

• Korean Journal of Construction Engineering and Management
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• v.13 no.2
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• pp.102-109
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• 2012

One of key success factors in PPI(Public Private Investment) is the structure of risk sharing between the public and the private, and the determination mechanism of fair return to private participants relative to the risk that private participants undertake. In Korea, two basic types of PPI exist. One is BTO and the other is BTL. In BTO, most risks are taken by the private whereas the opposite is the case in BTL. No intermediate form exists. As a result, BTO type projects had difficulty in attracting private participants because of the excessive risks. In this study, one intermediate form is studied where demand risk is shared between the public and the private. In the setting where the public authority takes all the project revenues and then pays ladder type payments to private participants depending upon the level of project revenues, appropriate level of fixed payments is endogenously derived using the real option pricing model. From the fixed payments, expected investment returns are calculated based upon a certain distributional assumption. The results of this study is expected to help introducing diverse forms of PPI in Korea.

• Korean Journal of Construction Engineering and Management
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• v.8 no.5
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• pp.92-100
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• 2007

PFI(Private Finance Initiative) Project is carried to expand infrastructure effectively through participation of private investment. From the year 2005, the range is expanded not only industrial infrastructure such as made road, harbors and so on but living infrastructure such as school facilities, environmental facilities. For this reason BTL(Build-Transfer-Lease) system is mainly used in new private finance initiative project but in existing private finance initiative project BTO(Build-Transfer-Operate) system was used. BTL system is operated to judge fitness of private investment and classified into quantitative VFM(Value for Money) and qualitative VFM. In this research the estimation item of qualitative VFM which is hard to deduce the effect is created and after surveying of questionnaire in target of experts, relative importance and weight is established with AHP(Analytic Hierarchy Process). By estimating efficiency and benefit of quantitative VFM and qualitative VFM aspect effectively it is expected to support a rational making decision for operating BTL.