• Journal of Korea Port Economic Association
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• v.34 no.4
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• pp.53-68
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• 2018

This paper analyzes comparatively business performance indicators and determinants of small and medium sized shipping logistics companies in Korea, using 2015 economic census data. For this purpose, this study estimates various business performance indicators according to 2015 small and medium sized companies classification standards, including operating income to sales and gross value-added to sales. In addition, this study analyzes determinants of business performance using generalized least squares models. The results indicate that average sales, operating income and value-added, sales and operating income per worker, operating income to sales, and material cost to sales of large sized companies are higher than those of small and medium sized companies. The business performance indicators differ by industry and size. Moreover, the determinants of business performance are analyzed in terms of the unemployment rate (-), number of employees (-), sales (+), labor cost ratio (+), and labor cost per employee (-) and the impacts of the individual explanatory variables based on elasticity are different. Finally, this quantitative information could be used to improve the business performance of domestic shipping logistics companies.

• Environmental and Resource Economics Review
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• v.23 no.1
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• pp.1-19
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• 2014

Weather seems to influence industries in a variety of ways. On a day-to-day basis, it is the most volatile external factor influencing consumer and market behavior. And, because weather is constantly changing, industries must deal with a continuously shifting array of opportunities and risks. This study aims to examine how climate and weather changes and information, as external environmental factors, have affected the Korean industries, particularly marine shipping and logistics. To find out the economic value of marine weather information, we use measurable results of VVOS(Vessel and Voyage Optimization Services) in the ocean shipping, which the marine weather software tool can save fuel costs up to 4%. When the fuel saving is same as VVOS's performance, the saving of Korean flag ship is estimated about 62 billion won and the saving of total flag ship is estimated about 519 billion won. However, coastal shipping companies have been struggling with the heavy weather factors, such as wave height, wave period and wind. Major findings are that wind and wave height have a significant negative effect on cargo transport, while wave period has a significant positive effect on cargo transport. And to conclude, when we use efficiently the marine weather information, we can increase cargo transport and save fuel costs etc.

• Journal of Digital Convergence
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• v.17 no.4
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• pp.65-73
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• 2019

This study performed Panel Regression Analysis (PRA) with the debt ratio as a dependent variable and the ROE (return on equity), sales volume, current ratio, total capital, and Shanghai Containerized Freight Index (SCFI) as an independent variable. According to the GLS analysis, the current ratio to liabilities ratio was negative, and for sales, the ratio of liabilities was positive. Capital totals also had a negative impact on the debt ratio. However, ROE, unlike the hypothesis, had negative effects on the liability ratio, and the SCFI index was not significant. As implications of this research, the company confirmed that its sales increased as the debt ratio of global shipping companies rose, achieving economies of scale. However, it was confirmed that the actual size of the economy through the injection of other capital would help increase sales but not affect net profit. Shipping companies should expand their business power and secure large container vessels to secure credibility of shippers. In the future research, an analysis considering exchange rate, global economic growth rate, and manufacturing production index is needed.

• Journal of Navigation and Port Research
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• v.36 no.1
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• pp.43-49
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• 2012

Gwangyang port has aimed to establish and expand infrastructure since 2004 as a way of logistics industry development plan for activation of port and increase in traffic. However, it faces many changes due to reduced development of Gwangyang port, slowdown of traffic, and decrease in terminal operators. The need for review of plan and direction regarding infra is on the rise at this point for the purpose of ensuring the stable growth foothold of Gwangyang port and attaining independence of Port. This report focuses on the software infrastructure improvement alternative rather than hardware infrastructure. To analyze the priority of this alternative, AHP technique was applied as a research methodology. In this study, as a measure for decision-making, profitability, ease, urgency, and prospects have been selected, and alternatively, buildup of global networking, training of logistics professionals, operation of environment-friendly & low cost port, and development of specialized logistics companies have been selected. Survey has been conducted toward shipping companies which use Gwangyang port, port operators, hinterland logistics companies and consignor' logistics professionals. As a result of survey, the priorities of measuring range were shipping companies, port operators, consignor, and hinterland logistics companies. Meanwhile, the priorities of measuring elements were profitability, prospects, urgency and then ease. The priorities of alternatives were found to be a buildup of global networking, operation of environment-friendly & low cost port, development of specialized logistics companies and training of logistics professionals.

• IE interfaces
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• v.25 no.4
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• pp.458-471
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• 2012

In this study, we investigate the cooperative relationships between researchers who have co-authorship in the logistics-related journals in Korea by using social network analysis (SNA). We analyzed the co-authorship data of 781 articles published from 2005 to 2011 in four journals of 'Logistics Study', 'Journal of Korean Society of SCM', 'Korea Logistics Review' and 'Journal of Shipping and Logistics.' We examined the trend of cooperative research in the field of logistics with basic data of the co-authorship network. Then, we analyzed structural properties of the network and the sub-networks of research groups having co-authorship. We could verify the authors who play important roles within the network by using SNA indicators. In addition, we constructed the keyword networks based on the keyword data of all articles by research groups in order to understand the research topics of each group, and thereby we could draw several implications on the cooperative researches in the field of logistics.

• Journal of Navigation and Port Research
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• v.38 no.3
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• pp.261-268
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• 2014

The route of Korea and China situates stable shipping market by the agreement on maritime transport between two countries. Epecially, the Car-ferry shipping market between Korea and China is growing up the world's largest markets in this situation. But, the rapid growth of markets have the possibility of imbalance between supply and demand. In addition that heavy competition can be arisen. The aim of this study is to analyze the ways to reinforce competitiveness of Car-ferry shipping companies(CFSCs) between Korea and China routes through suggesting importance weights of service factors. Firstly, evaluating service factors of CFSCs between Korea and China routes are selected by reviewing literatures and Delphi method. Secondly, importance weights of service factors are calculated using Fuzzy method. As a result, Shipper and CFSCs between Korea and China routes select 'agility of loading and unloading', 'agility of customs', and 'punctuality of transportation' as the most important factors. On the other hand, the two groups are shown the perception gaps on the factors such as 'reasonable shipping cost', 'voyage speed', 'multimodal transportation', and 'professionality of manpower'. The implication of this study is that Government of Korea and China Have to cooperate agreement for mutual drive towed trailer and customs to speedy transportation.

• Journal of Navigation and Port Research
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• v.32 no.3
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• pp.159-165
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• 2008

The coastal shipping transport for containers had been serviced by Hanjin Transpotation Co., Ltd. and Korea Express Co., Ltd. from 1995. But Korea Express Co., Ltd. and Hanjin Transpotation Co., Ltd had stopped a coastal shipping transport service routed Busan-Incheon bemuse of getting worse of operation balance in 1999 and 2006 respectively. As a result of these situations, korean-flag and foreign-flag fleets are having difficulty in handling T/S cargos and in-time transport service among inter-ports in korea. As shippers also use lorry to transport their cargos than using costal shipping, it occurs increasing in national logistics' cost as well as time-consuming due to congestion on the road. Therefore, this paper identifies not anly current costal shipping transport systems but also those problems and analyses a economic effect in case of participation in the costal shipping transport service by foreign-flag vessel using monte carlo simulation.

• Journal of Korea Port Economic Association
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• v.31 no.3
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• pp.107-120
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• 2015

International logistics systems for cross-border trading aim not only to reduce costs and time, but also to maximize added value. For accuracy of shipping time, cost reduction, rapidity, and safety improvement, demand for Ro-Ro shipping as a global supply chain operating system has increased. To anticipate these demands, this study estimates the optimal demand and scale of Ro-Ro berth construction by analyzing shipping volumes between Korea and Japan. Based on Ro-Ro shipping speeds and distances between Korea and Japan, the shipping volume (container and general cargo) of Busan port is sorted into two separate zones. After analyzing the ratio of items that have great potential benefits from using Ro-Ro shipping, we estimate possible shipping volumes using Ro-Ro berth provision. The results reveal that two berths for 20,000t vessels are additionally required to accommodate the estimated volume. Results suggest the construction of an exclusive Ro-Ro berth in Busan port. This would not only accommodate the demand between Korea and Japan, but also provide a way to avoid the lean-to-one-side port policy.

• Journal of Korea Port Economic Association
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• v.25 no.3
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• pp.321-338
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• 2009

This study looks at the reasons behind the termination of container transportation between Busan and Incheon in terms of costs structure, the division of profit, and the economic limitation faced in the domestic shipping market. The operation costs have been examined in relation to the components of logistic system of container shipping and the cost function has been estimated. The distribution proportion of operation revenue has been also investigated, considering the different components of logistics activities. In addition, the average revenue of container vessels of 144TEU and 215TEU has been calculated. Economic limitation can be analysed through the optimisation behaviour of shipping companies which tries to maximize profit or minimize loss. In conclusion, domestic short sea shipping can get the economy of scale only by transporting vessels' maximum capacity. It is also vulnerable to trucking market's fluctuation. Without the subsidy for operation, the liner in domestic short sea shipping will stop the service in order to minimize the loss.

• Industry Promotion Research
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• v.8 no.3
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• pp.9-17
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• 2023

The purpose of this study is to look for the trends and rates of change of major passenger modes such as railway, subway, domestic shipping, domestic airline, international shipping and international airline. The data used were selected from the KOSIS, "Domestic Statistics, Statistics by Subject, Transportation and Logistics". The analysis period was 22 years from 1999 to 2020, and the annual rate of change from the previous year was calculated. In descriptive statistics, international shipping and international airlines showed relatively high volatility, whereas railway and subway showed low volatility. In the rise rate analysis, international air and international shipping dropped significantly from 539% and 368% in 2019 to 85% and 20% in 2020 due to Corona. International airline and international shipping fell significantly in 2020, but we expect them to rise again as the shock of Corona disappears in the future. Therefore, it seems that we need a project to prepare for this. International air and international shipping are expected to continue their upward trend as international trade picks up again and international travel regains its momentum.