• Title/Summary/Keyword: Maritime Policy

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Does GVC Participation Improve the Productivity of Korean Manufacturing Firms? : Evidence from Subgroup Analysis Using Enterprise-level Data

  • Suji Jeong;Soo-yong Shin
    • Journal of Korea Trade
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    • v.26 no.6
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    • pp.96-117
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    • 2022
  • Purpose - Considering the recent instability of world economy and its heavy dependence on foreign, Korea must formulate breakthrough approaches to proactively cope with these adverse global developments. As such, this study aims to ascertain how participation in global value chains (GVCs) relates to corporate productivity and derive policy implications. Design/methodology - This study utilizes the microdata of Korean manufacturers to develop indicators of GVC participation at the enterprise level and analyzes the effects of GVC participation on the firm's total factor productivity by using fixed effect model. Findings - Enterprises with highest rates of export-side GVC participation see their productivity grow as their export-side GVC participation rates increase. In addition, when companies are classified by their export-side GVC participation rates, increasing export values improves all firm's productivity. In particular, those with low participation rates are analyzed to achieve higher productivity by increasing their imports, not only exports, which implies that companies with lower export-side GVC participation can boost productivity by reinforcing their export and import activities. Originality/value - This research paper distinguishes itself from others in that it makes a novel attempt to design the indicators of GVC participation at the enterprise level, not at the national or industry level. In addition, this study contributes to the existing literature by dividing companies into subgroups depending on their GVC participation rates for each of export and import and identifying variances in the effect of GVC participation on productivity growth among subgroups.

A Study on Logistics Integration Strategies of Korean Shipping Companies (국내 해운기업의 물류통합 전략에 대한 연구)

  • Hyung-Jin Chun
    • Korea Trade Review
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    • v.47 no.5
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    • pp.181-200
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    • 2022
  • After the COVID-19 pandemic, a global economic downturn and a recession in the shipping market are expected, it is important for domestic shipping companies to establish appropriate strategy in response to the recession. Accordingly, domestic shipping companies should grow into integrated logistics companies that combine shipping and logistics in the future. And for this purpose, it is necessary to actively promote logistics integration with external shipping and logistics companies. This paper presents the direction of logistics integration for domestic shipping companies to develop as integrated logistics operators with competitiveness in the global shipping market, and presents detailed alternatives. Domestic shipping companies lack the infrastructure such as ships, port terminals, and warehouses, so they have a weak capacity to independently promote logistics integration. At the shipping company level, a logistics integration promotion strategy should be established, and accordingly, logistics infrastructure, service network, and logistics integration operating system should be established. The government should provide tax benefits for logistics integration, financial support for M&As led by domestic shipping companies, a standardized information sharing system, and preparation of educational courses for nurturing digital manpower.

Defining the Role of Seosan-Daesan Port Considering New Northern Policy (신북방정책을 대비한 서산 대산항의 발전 전략)

  • Lee, Tae-Hwee;Kim, Sungkuk;Yun, Kyong Jun
    • Journal of Korea Port Economic Association
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    • v.35 no.2
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    • pp.21-36
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    • 2019
  • To ensure that Korea continues to grow, past governments have been consistent in following a policy of advancing into Russia, Mongolia, and Eurasia. The northern economy can expect to achieve synergistic growth because its economic structure complements that of Korea, which has high energy demand and industrial development. There is also an opportunity to accelerate the growth of the China-Russia-Mongolia economic corridor, which is based on Russia's Look East Policy, China's One Belt One Road, and the Mongolian Steppe Road initiative. The Korean government is pursuing a New Northern Policy to achieve the goal of economic cooperation and peace building with other nations, including North Korea; this policy succeeds the Northern Policy pursued by the previous government. As international economic cooperation requires transportation infrastructure, the demand for shipping, which offers more advantages than road and rail transportation, will increase; thus, it is necessary to prepare for it. Korea's port cities, which have a port that serves as the nodal point for maritime transportation, need to prepare for the New Northern Policy. In this paper, the long-term development of Seosan-Daesan port in the was planned and the North Korea's opening-op plan was considered in accordance with the New Northern Policy. Because international cooperation between the government and the provincial cities is required, cooperation with the Port Authority is needed, along with the proactive attitude of Seosan City, Chungcheongnam-do. The Seosan-Daesan port, which is the center of the liquid energy cargo center, can become the base of the New Northern Policy Region; further, the port can be an opportunity to establish its position as a peaceful economic hub on the west coast of Korea.

Design of Global Port Logistics Network Model Based on Minimum Cost (최소비용 기반 글로벌 항만 물류네트워크 모델 구축)

  • Jang, Woon-Jae;Keum, Jong-Soo
    • Journal of Navigation and Port Research
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    • v.32 no.1
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    • pp.65-72
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    • 2008
  • This study is aimed to contribute in establishing new port policy by research and analysis in design of global port logistics network in the East Asia region. In order to build such port logistics network, 21 ports located in East Asia among the world's 50th largest ports were selected in this study. Furthermore, the amount of container cargo and the ports of call were analyzed to categorize the subject ports in East Asia. Finally, this study tries to find economic network between the base port in East Asia, EU or North America and feeder ports in terms of logistics cost. As a result, Singapore, Hong Kong, Shanghai, and Busan ports were found as the representative ports in the East Asia that may connect North America and Europe with the minimum logistics expenses. Therefore, to maintain the stable cargo volume in ports, Korea should promote not only the overseas terminal operation which links to the Singapore, Hong Kong, and Shanghai ports, but also establish the global port logistic network connecting the Busan port.

Empirical Analysis on Economic Factors of Infringement on Ocean Sovereignty from Chinese fishing boats (중국어선 해양주권 침해의 경제적 요인에 관한 실증적 연구)

  • Oh, Sang-Jin;Choi, Kyoung-Hoon;Park, Gyei-Kark
    • Journal of Korea Port Economic Association
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    • v.33 no.3
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    • pp.69-90
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    • 2017
  • Areas of marine activity have expanded into exclusive economic zones and the continental shelf since the United Nations Convention on the Law of the Sea(UNCLOS) in 1994, The signatory countries have been enforcing their maritime rights and competition in the international community has become intensified. Marine-related issues, including maritime sovereignty, has become an increasingly important issue with many national security and related studies following this trend. However, while there are many policy-related studies there remain few empirical studies. This paper conducted a study of illegal cases of Chinese fishing boats which are quite frequently for an empirical study on maritime sovereignty. This study conducted empirical analysis regarding factors relating to ocean sovereignty infringement by using correlation and multiple regression analysis. The result of observed increases in illegal Chinese fishing boats decreased the production of aquatic products, whish resulted in economic fishery losses to Korea households and inflation in the Korean economy.

SNS Big-data Analysis and Implication of the Marine and Fisheries Sector (해양수산 SNS 빅데이터 분석 결과 및 시사점)

  • Park, Kwangseo;Lee, Jeongmin;Lee, Sunryang
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.20 no.2
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    • pp.117-125
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    • 2017
  • SNS Big-data Analysis means to find potential value from big data which has produced by the social media. In this paper, SNS Big-data has been analysed to find Korean concerns by using 24 key words from the marine and fisheries sector. Among 24 key words, seafood, shipping and Dokdo Island are the most mentioned ones. Some key words such as ocean policies and marine security that have less concerns have bess mentioned less. Also, key words that are led by government are mostly mentioned by news media, but key words that are led by private sector and have intimate relationship with people's lives are mostly mentioned by Blogs and Twitters. Therefore, reflecting close national concerns by SNS Big-data Analysis and especially resolving negative factors are the most significant part of the policy establishment. Also, differentiated promotion methods need to be prepared because the frequency of key words mentioned from each type of media are different.

A Study on the Evaluation Factor for Success of Port Innovative Cluster Using Kohonen Network (항만혁신클러스터의 성공을 위한 평가요소에 관한 연구)

  • Jang Woon-Jae;Keum Jong-Soo
    • Journal of Navigation and Port Research
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    • v.30 no.1 s.107
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    • pp.45-51
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    • 2006
  • This paper aims to analysis on evaluation factor for success of port innovative cluster. This paper is divided three factors such ac policy, source and operation In addition, three factors are divided into the twelve detail factors. From a total of 30 survey cases, 50 percent randomly selected as the training group and the other 50 percent as the validation group. cases in the training group were used in the development of the Kohonen Network The validation group was used to test the performance of this model. The major findings may be summarized as follows; The prediction accuracy rate is $73.33\%$ The weight of real root and detail factors is calculated by Kohonen Network At the result, success prediction group of port innovative cluster, this paper places the priority on the source factor.

The Trends of Hydrogen Energy Technology Development and Application to Ship (수소에너지 기술 개발 현황과 선박적용 동향)

  • Han, Won-Hui;Choi, Jung-Sik;Choi, Jae-Hyuk
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.16 no.3
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    • pp.313-320
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    • 2010
  • Hydrogen energy begins to grab the attention as a leading alternative to solve environmental pollution and energy issue. The preparation for the hydrogen energy age is at the primary stage. But it is expected that the utilization of hydrogen energy is a feasible objective through government policy and invigoration of studies in relevant fields of industry. The preparation and research are badly in need to equip a ship with hydrogen energy engine. Some researches on ship with fuel cell are in progress, however, considering a ship that has become larger and it is being operated in special circumstances, the researches on ship with hydrogen energy engine is keenly necessary. And more concerns and supports are required in this regard.

System Dynamics Analysis for Human Factors of Ship's Collision (SD법에 의한 선박충돌사고의 인적요인 분석)

  • Jang Woon Jae;Keum Jong Soo
    • Proceedings of KOSOMES biannual meeting
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    • 2003.11a
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    • pp.7-11
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    • 2003
  • Ship is being operated under a highly dynamic environments and many factors are related with ship's collision and those factors are interacting. So, an analysis on the ship's collision causes is very important to prepare countermeasures which will ensure the safe navigation. And the analysis confirmed that ship's collision is occurred most frequently and the cause is closely related with human factor. The main purpose of this study is to build a model of human factors in ship's collision cause using SD(System Dynamics} approach and to measure a effect which is risk control countermeasures of ship's collision. To achieve this aim, the structure analysis on the causes of ship's collision using FSM are performed, and the structure was changed by quantitative, qualitative factors and their feedback loops in casual map. This model was performed over 20 years(1993-2012) in a standard simulation model and 8 policy simulation models.

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A Study for Small and Medium Warehouses Automation Framework (중소규모 보관창고의 자동화를 위한 프레임워크 연구)

  • Shin, Jae-Young;Kim, Hwan-sung;Park, Jong-Wwon
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2017.11a
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    • pp.74-75
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    • 2017
  • The operations of the warehouses are labor intensive. Automation of the warehouse is made by efforts to shorten the work time and reduce the cost according to the change of the production form of the company and the buyer's demand. Storage warehouses vary in size and shape, and equipment and facilities used in storage warehouses vary according to purpose and use. In order to automate storage, it is necessary to introduce an operating system, which varies depending on the type of equipment and operation policy. In this paper, we review the requirements for the automation of small and medium-sized storage warehouses, and classify the equipment selection and operating system options into effective scenarios to introduce an effective automation system. Therefore, simulation is performed for each scenario, and the effect of automation is examined, and the effect of automation is verified through economic analysis through cost for automation introduction.

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