• The Journal of Economics, Marketing and Management
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• v.8 no.1
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• pp.20-28
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• 2020

Purpose: This research explores possibilities for unique tourism programs in the Port of Incheon that would bring tourism benefits from the cruise line industry to Incheon. This research also tries to find practical strategies and principles for the cruise line industry by reviewing the current itinerary in the cruise line industry. Research design, data, and methodology: Because this study is exploratory research, it first reviews trends in global tourism, ocean tourism, and the cruise line industry. Then, this study compares the current status of cruise line industry in South Korea with those in Japan. Lastly, existing cruise itineraries are reviewed for practical strategies and principles. Results: Based on reviewing the example of a cruise ship itinerary from the cruise ship company, possible cruise line programs at stopover places are suggested for the Port of Incheon and if the program is planted, it will boost Incheon's economy and tourism industry. Conclusion: Basic data about tourism in coastal regions and data analyses are lacking. Therefore, this study not only recommends further research in itinerary development or evaluation of cruise stopover programs, but also future research should explore the impact of the cruise industry from many different perspectives.

• Journal of Korea Port Economic Association
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• v.35 no.3
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• pp.19-40
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• 2019

Ports have been facing the adverse impacts of the global recession. In terms of imports, with a vast consumption hinterland, the Incheon Port has developed as the metropolitan's gateway. Additionally, the port's exports to China has been increasing due to a consistent increase in the demand of cold chain foods in the country. Considering the short distance between the Incheon Port and the ports in Northern China, the Incheon Port can serve as a logistics hub and a distribution center for exporting processed foodstuffs to China. The establishment of a cold chain logistics system at the Incheon Port will prove to be a robust strategy. After reviewing studies and interviews from various departments, this study suggested strengths, weaknesses, opportunities, and threats (SWOT) facing the Incheon Port, based on a SWOT analysis; it also recommended competitive strategies for the port. Additionally, the study used the analytic hierarchy process (AHP) to identify important factors such as the infrastructural, operational, cost, and technology factors. This study identified the infrastructural factor to be highly critical to the activation of the Incheon Port's cold chain system. Based on the results, the study proposed policies and strategy directions.

• Journal of Navigation and Port Research
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• v.36 no.6
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• pp.521-526
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• 2012

More efficient and effective volume management of trade cargo is recently requested due to FTA with foreign country. Above all, the grain is the main cargo needed in Korean food life and was appointed as the core trade cargo during FTA. This study is aimed to forecast future demands of grain volumes which are handled at Incheon port because most of the grain volumes are traded at Incheon port in Korea. System Dynamics (SD) was used for forecasting as the methodology. Also, population, yearly grain consumption per a man, GDP, GRDP, exchange rate, and BDI were used as the factors that influence grain volumes. Simulation duration was from 2000 to 2020 and real data was used from 2000 to 2007. According to the simulation, 2020's grain volumes at Incheon port were forecasted to be about 2 million tons and grain volumes handled at Incheon port were continuously reduced. In order to measure accuracy of the simulation, this study implemented MAPE analysis. And after the implementation, the simulation was decided as a much more accurate model because MAPE value was calculated to be 6.3%. This study respectively examined factors using the sensitivity analysis. As a result, in terms of the effects on grain volume in Incheon Port, the population factor is most significant and exchange rate factor is the least.

• 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.

• Journal of Korea Port Economic Association
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• v.30 no.3
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• pp.39-58
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• 2014

Korea and China have maintained sea routes between two nations through the shipping conference which was established in May 1993. Due to this effort, the market of Korea-China car ferry on Yellow sea makes growth year by year. The car ferry business has shown fierce competition because it has huge impacts on regional and national level economy. In this respect, the aim of this research is to analyze the structural analysis for ports of Korea-China car ferry using Shift Effect(SE) method. As a results, passengers and cargo volumes of Incheon port continuously transfer to Pyeontaek and Gunsan port. Moreover, absolute growth rate of Incheon port do not reach the potential growth rate. The competitiveness power of Incheon port has lower position compared to Pyeontaek and Gunsan port. The cargo volumes of ports located on western coast of Korea have increased recently, however, passengers and cargo volumes of Incheon port have shown lower increasing rate compared to average of Korean western coast ports. For Incheon port, high value added cargoes which give large profit on port side, have to be attracted. Moreover, Incheon port has to become a specialized port.

• Journal of Korea Port Economic Association
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• v.17 no.2
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• pp.183-204
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• 2001

This study is intended for the development of urgent facing strategies for the designation of a CFZ(Customs Free Zone) in Incheon city. First, it analyzes the current status of the Incheon CFZ. Next, it suggests several strategies for successfully growing the CFZ of Incheon City. Finally, it develops and proposes a method for establishing an integrated management system for the effective management of the CFZ. The key findings of this study are as follows: First, the CFZ should provide state-of-the-art movement of port logistics, create new added value caused by the movement of logistics, and provide other public support. The Incheon CFZ should be developed in three stages: an inducement stage in 2002-2005, a growth stage in 2005-2008, and an implementation stage in 2008-2011. Second, The parties responsible for the management of the CFZ would be as follows: for the port area, the Ministry of Maritime and Fisheries; for the back space of CFZ, Incheon City; and for port management, port management companies. However, a committee for CFZ management is strongly suggested for the improved efficiency and effectiveness of CFZ management. Furthermore, additional regulations ensuring the role of local government will likely be necessary for the sucessful designation and sustainable management of the CFZ. Third, For the creation of additional revenue, reformation of the current laws of the CFZ are recommended in the area of business administration. Fourth, A strategic marketing plan that supports the successful management of the companies of the CFZ will be a key component in the success of the CFZ. Thus, the new marketing plan should be developed in the near future based on case studies of other CFZs. Fifth A method for an integrated CFZ management system was developed and suggested for the comprehensive and transparent management of port logistics.

• Journal of Korea Port Economic Association
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• v.21 no.3
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• pp.171-189
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• 2005

In order to improve inefficient and unproductive factors and in response to criticisms of the failure in harbor privatization introduced in 1997, the Korean government introduced the Port Authority system, which is commonly adopted in advanced harbors in the world. This research examined the theoretical background of harbor management system and various cases of harbor management in foreign countries. The desirable introduction of Port Authority system must be preceded by the settlement of problems in harbor structure and operation. In addition, the Port Authority Act, which restricts the autonomy of harbor corporations, should be improved for user-centered Port Authority system. Strategies for the successful introduction of Incheon Port Authority are as follows. Firstly it is required to establish consumer-centered harbor operation system. The second requirement is to activate the harbor logistics industry through the development of nearby logistic complexes led by Port Authority and, by doing so, to promote the development of local economy. Thirdly it is essential to lay the foundation of mutual prosperity through developing profitable businesses by linking localities and harbors, and to suggest a crisis control network for Port Authority and local self-governing bodies to cope jointly with crises in logistics and natural disasters.

• Journal of Navigation and Port Research
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• v.32 no.3
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• pp.179-184
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• 2008

The aim of this paper is to establish the evaluation system of port logistics of Incheon using the QFD(Quality Function Deployment) model. The research methodology is consisted of four phases. The first step is to investigate the important factors consisting the port logistics of Incheon and then calculate the weighting of factors by Analytic Hierarchy Process (AHP). The second step is to draw out the degree of inter-relation among factors by Fuzzy Subordination Relations (FSR). At the third step, the established system through the QFD method using results of the first and second steps will be used to evaluate and diagnosis the level of port logistics of Incheon. Finally, the sensitivity analysis will be performed and the degree of improving port logistics will be presented according to the rising the relevant factors.

• Journal of Korea Trade
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• v.23 no.2
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• pp.59-75
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• 2019

Purpose - The International Maritime Organization (IMO) has promulgated strict regulations on emissions in the maritime shipping industry. LNG (Liquefied Natural Gas) is, therefore, recognized as the optimal fuel alternative solution. The aim of this study is to select the most suitable location for an LNG bunkering port. This is formulated as a multiple-criteria ranking problem regarding four candidate ports in South Korea: the ports of Busan, Gwangyang, Incheon, and Ulsan. Design/Methodology/approach - An analysis employing the Consistent Fuzzy Preference Relation (CFPR) methodology is carried out, and the multiple-criteria evaluation of various factors influencing the location selection, such as the average loading speed of LNG, the number of total ships, the distance of the bunkering shuttle, and the degree of safety is performed. Then, based on the combination of both the collected real data and experts' preferences, the final ranking of the four ports is formulated. Findings - The port of Busan ranks first, followed by the ports of Gwangyang and Ulsan, with the port of Incheon last on the list. Originality/value - The Korean government could proceed with a clear vision of the candidate ports' ranking in terms of the LNG bunkering terminal selection problem.

• Journal of Navigation and Port Research
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• v.35 no.4
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• pp.343-349
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• 2011

The forecasting of container volume which is the basis of port logistics facilities expansion has a great influence on development of an port. Based on this importance, various previous studies have presented methodology on container volume forecasting. The results of many previous studies pointed out the limitations of future forecasting based on past container volume and emphasized that more various factors should be considered to compensate this. Taking notice of this point, this study forecasted future container volume by using ARIMA model, time series analysis and System Dynamics (SD) method, a dynamic analysis technique and performed the comparative review with the forecast of the Ministry of Land, Transport and Maritime affairs. Recently with rapid changes in economic and social environment, the non-linear change tendency for forecasting container traffic is presented as a new alternative to the country.