• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 한국정보통신학회 2016년도 춘계학술대회
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• pp.213-214
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• 2016

There has been a rising interest in cultural content industry as it may be one of the future growth engines to boost the economy of Korea. Cultural content industry has demonstrated high growth rates compared to any other industries. In the case of Busan, a variety of cultural content industry around games are being developed; however objective and quantitative research on the economic impact of this industry is inadequate. This study, therefore, analyses the economic impact of the cultural content industry of Busan in order to create a plan that would enhance the value of existing cultural contents.

• Journal of Korea Port Economic Association
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• 제30권4호
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• pp.199-217
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• 2014

There have been relatively lots of studies on the relationships beteen port and city. And, most of the recent studies on the subject shows that the relationship between the two parties is weakening. The contributions of a port to the city economy such as convenience of logistics service utilization, cost reduction, creation of job opportunities and value added production etc. are diminishing, whereas negative effects of port such as environmental effects, limitation of waterfront activities etc. have been increasing. On the other hand, port logistics service demand from city economy is decreasing. As for Busan city, the trend of major economic indicators and growth factor analysis results show that there is hardly any relationships between the development of transportation industry(including port logistics) and the regional economy. Especially, it is identified that most regional industry sectors excluding transportation industry failed to secure competitive advantage. Accordingly, it can be concluded that Busan city economy fails to take advantage of advanced transportation industry sector, which supports overall economic activities. On the other hand, it can be a problem for enhancement of port-city relationships that related and supporting industries of transportation industry such as information and communication industry, financial and insurance industry, and processing and assembling manufacture industry fail to secure competitive advantage in Busan city.

• Journal of Korea Port Economic Association
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• 제32권3호
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• pp.35-46
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• 2016

This study investigates the export behavior of Busan, Gwangyang and Incheon Port. The monthly data cover the period from January 2000 to December 2015. We employ six export functions composed of various exchange rates and industrial production index. This paper finds that the nominal effective exchange rate is more appropriate for explaining the export behaviors of the three ports, regardless of the narrow and wide indices which comprise 26 and 61 economies for the nominal and real indices respectively. This paper tests whether exchange rate and industrial production are stationary or not, rejecting the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. The error-correction model is estimated to find that both Gwangyang and Incheon ports are much slower than Busan port in adjusting the short-run disequilibrium and Gwangyang port is a little slower than Incheon port. The rolling regressions show that the influence of exchange rate as well as industrial production tends to decrease in all of three ports. The variance decomposition, however, shows that the export variables are very exogenous and the export of Busan Port is the least exogenous and that of Gwangyang Port the most. This result indicates that the economic variables such as exchange rate and economic activity affect the export of Busan Port more strongly than that of Gwangyang and Incheon Port.

• Journal of Korea Port Economic Association
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• 제38권3호
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• pp.69-86
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• 2022

This study analyses the necessity of the large-size shipyard and explores competitiveness factors of it. Furthermore, the competitiveness is evaluated and the economic feasibility of building and operation of shipyard is examined. As a result of AHP analysis of the determining factors of the competitiveness of the repairing shipyard, the importance of the factors was found in the order of arrival and departure safety, repair technology, dock and wharf facilities, repair cost, repair period (on time delivery), and repair parts supply. Moving distance, repair service quality, repair parts supply, arrival and departure safety, repair technology, dock and quay wall facilities, and repair period (on time delivery) were identified as key factors in the AHP analysis for competitiveness of the Busan Port repair shipyard to be built in the future. As a result of the analysing economic feasibility, the net present value of the Busan Port repair shipyard construction and operation investment project was KRW 435.6 billion, and the internal rate of return was 9.8%, higher than the social discount rate (4.5%), and the cost-benefit ratio (B/C) was high at 1.167. As a result of the study, the necessity and economic feasibility of the Busan Port repair shipyard are sufficiently ensured, and the competitiveness assessment was highly positive.

• Journal of Korea Port Economic Association
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• 제32권2호
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• pp.25-37
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• 2016

The economy of South Korea has experienced two financial crises: the 1997 Asian financial crisis and the 2008 global financial crisis. These crises had a significant impact on the nation's macro-economic indicators. Furthermore, they had a profound influence on container traffic in container ports in Busan, which is the largest port in South Korea in terms of TEUs handled. However, the impact of the Asian financial crisis on container throughput is not clear. In this study, we assume that the two financial crises are independent and different, and then analyze how each of them impacted container throughput in Busan ports. To perform this analysis, we use an intervention model that is a special type of ARIMA model with input series. Intervention models can be used to model and forecast a response series and to analyze the impact of an intervention or event on the series. This study focuses on the latter case, and our results show that the impacts of the financial crises vary considerably.

• International Area Studies Review
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• 제13권3호
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• pp.781-799
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• 2009

Korea and China should come up with a mutually beneficial FTA proposal at an early date and thus lead the way towards the FTA. An FTA with China is a key issue of economic cooperation in order to confront soaring Chinese competitiveness in international markets. The purpose of this research paper is to analyze the overall Busan regional economy impacts of the Korea-China FTA. We analyzed the quantitative effects of an FTA by using microeconomic concept. The Korea-China FTA will have positive effects on the overall industry in Busan. Therefore, Busan regional industries exports and imports are expected to grow. Busan is worried the deal would pave the way for imports of cheap Chinese agricultural products, hurting the nation's already fragile agricultural sector. In contrast, Busan's manufacturing sector is expected to see its surplus rise. In sum, we think the FTA will bring benefit to the whole industry in Busan Regional economy because it accelerates development of the industries by trade and investment along with comparative advantage.

• Ingenium
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• 제23권3호
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• pp.17-19
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• 2016

• Journal of Korea Port Economic Association
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• 제27권3호
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• pp.289-309
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• 2011

The ports have been confronted with rapid environmental changes. This means that it is imperative to enhance the competitiveness by resolving the chronic and difficult problems regarding Busan New Port. This paper, hence, suggests how to activate the hinterland of the New Port. The New Port was designed to become a leading logistics port in Northeast Asia and its economic ripple effect was expected to be much greater with the construction of New Port Hinterland. The government should also seek to supply the sufficient land as well as establish port clusters with various port-related industries, which enables the New Port to survive the forthcoming harsh environmental changes and meet the diverse demands. Those measures also enable the New Port to overcome the deterioration of the competitiveness and enjoy the economies of scale. The cluster-based hinterland policy framework is sure to be very efficient but should be complemented with infrastructure policies for the better policy-mix.

• Journal of Korea Port Economic Association
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• 제38권2호
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• pp.165-183
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• 2022

The main purpose of this paper is to present a competitive strategies for the Logistics Warehouses of Busan New Port. Based on the survey conducted by the Logistics Warehouses of Busan New Port experts, the categorized factors were compared using the analytic hierarchy process (AHP) to assess the importance of each factor and sub-factor in the case of the Logistics Warehouses of Busan New Port. This is a quantitative study that conducted a face-to-face survey on employees and related public officers at the Logistics Warehouses of Busan New Port. The final sample size consisted of 49 people, including workers at the Busan New Port logistics warehouses and related local customs officers. The data were coded in Microsoft Excel and the imprtance of SWOT factors was derived using "the I make it" program developed by Decision Sience, and it was analyzed using the AHP method. This study quantifies the importance of the strengths, weaknesses, opportunities, and threats factor of the Logistics Warehouses of Busan New Port and presents strategic guidelines for the key factors for the development of the Logistics Warehouses of Busan New Port. This research provides strategic guidelines to Korea for the development of the Logistics Industries, and development of the Logistics Warehouses of Busan New Port.

• Proceedings of the Korea Port Economic Association Conference
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• 한국항만경제학회 2007년도 정책세미나 및 국제학술대회
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• pp.423-439
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• 2007

중국은 지난 1978년 개혁개방정책을 실시한 이후 연평균 9%를 상회하는 경제성장률을 기록하였고 이는 중국발 수출입화물의 급격한 증가로 이어졌다. 그러나 폭증하는 수출입화물에도 불구하고 중국은 항만인프라의 부족으로 인근 부산항을 이용해 왔고 이것이 세계적인 부산항으로 부상하는데 결정적 기여를 했다는 것은 사설이다. 그러나 부산항이 처리한 환적화물의 경우 2002년에 32.5%였던 환적화물 증가세가 2005년에는 8.1%로 낮아졌으며, 2006년에도 전년대비 0.6%로 기록하면서 성장세가 크게 둔화되고 있다. 이 같은 상황에 처하게 되자 우리나라는 2006년 1월 19일 진해신항 개항과 더불어 기존의 '동북아 중심 국가 추진전략'과 병행하여 '국제물류 네트워크 강화를 통한 고부가가치 물류 허브화 전략'을 수립하여 시행하고 있다. 이 전략은 앉아서 환적화물을 기다리던 수동적인정책에서 벗어나 물류체계의 혁신을 통한 물류 네트워크 확대/ 적극적인 대외 협력 등을 통해 우리 항만이 기업과 환적화물의 안정적인 유치기반을 조성하는 한편, 물류와 금융, 건설, IT 등 관련 산업과의 연계를 통해 우리 물류기업이 글로벌 기업으로 성장하고 세계로 진출할 수 있는 진해신항의 환적화물 유치방안을 마련하여 우리나라 경제성장의 동력이자 미래 경제 전략의 중요한 밑거름이 될 수 있다.