• Journal of Korea Port Economic Association
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• v.39 no.4
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• pp.107-125
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• 2023

The pace of sustainability transition within the maritime industry has been accelerating. This shift primarily necessitates changes in the industry's heavy reliance on fossil fuel-driven ecosystems. Additionally, numerous sustainability laws and regulations, such as the EU's CBAM and IMO's EEXI, have been implemented. This transition is poised to amplify the competitive edge of firms equipped with greater resources, as it introduces substantial operational burdens due to expensive eco-friendly fuel adoption and regulatory compliance. To diverge from the traditional competitive landscape, this paper aims to explore innovative maritime finance models enabling domestic firms to gain competitive advantages on a global scale. Employing analogical reasoning and modeling as a research method, this paper demonstrates that maritime firms can leverage the sustainability transition by aligning sustainable maritime operations with ETS (Emission Trading Schemes). Expanding on this novel approach, the paper delves into potential connections between CCM (Compliance Carbon Market), VCM (Voluntary Carbon Market), and digital asset exchanges. This newly proposed digital/net-zero maritime ecosystem holds the potential to significantly impact the shipping, shipbuilding, and ship finance industries, positioning Busan as a sustainable maritime finance hub. This study holds significance as pioneering research that may stimulate subsequent case-based studies and offer strategic guidance to market participants and policymakers as the maritime industry moves towards a net-zero transition

• Journal of Navigation and Port Research
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• v.48 no.4
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• pp.274-283
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• 2024

Climate change is currently one of the most pressing environmental issues, primarily caused by carbon emissions from fossil fuel usage. As a result, alternative fuels that effectively reduce carbon emissions are garnering more attention. Among these alternatives, hydrogen has numerous advantages, such as its ability for large-scale storage and transport. However, it is crucial to prioritize safety measures, particularly in facilities that handle hydrogen, due to its highly flammable and fast-spreading nature. This study aims to compare and analyze the placement of supply and exhaust vents to efficiently release hydrogen in the event of a leak in an enclosed space. The experiments involved six different scenarios, each with various combinations of supply and exhaust vents. To ensure the experimental process's safety, helium, which shares similar physical properties with hydrogen, was used to analyze the internal oxygen concentration during ventilation system operations. The results revealed that among the six scenarios, Case 2, which employed a lower side supply vent and an upper side exhaust vent, exhibited the shortest ventilation time of 4 minutes and 30 seconds. Additionally, the decrease rate in oxygen concentration was examined in the upper, middle, and lower areas. Ventilation utilizing an upper surface supply vent and two exhaust vents on the upper surface and upper side (Case 6), showed lower oxygen concentration values in the upper area, while Case 2 yielded lower values in the middle and lower areas. Therefore, it is crucial to select an appropriate supply and exhaust vent configuration considering the space's characteristics and usage environment.

• Environmental and Resource Economics Review
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• v.18 no.2
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• pp.217-239
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• 2009

As gas hydrate is recently emerging as a new energy source to solve environmental and exhaustion problems caused by fossil energy, Korea is working on a gas hydrate development project under a 10-year plan from 2005 to 2014. Gas hydrate is expected to have a big effect on the economy and society of Korea, which is largely depending on energy imports besides water energy and atomic energy. However, it is uncertain whether the project will produce successful results. Thus, it is very important to improve its validity and to propose effective execution strategies by evaluating the value of the project in advance. Thus, this study intended to include new information, which had not been evaluated in existing methods, and to reduce biases or errors in value evaluation results by applying a fuzzy risk analysis to the real option model in order to evaluate the value of a gas hydrate development project. It is advantageous that the real option model based on the fuzzy risk analysis modelizes the vagueness and inexactness of intangible element judgment into an appropriate language scale so as to evaluate these elements clearly and integrate them with estimated financial performance results. The application of the fuzzy risk analysis makes it possible to conduct an analysis by dissolving a decision-making issue with complicated and various attributes into several simplified problems. With the continuing high oil prices and today's demand of clean energy, the necessity of energy resources and technology development projects keeps growing. Amid this situation, it is expected that these study results will contribute to proposing a guideline not only for gas hydrate projects but also for policy decision-making related to future energy industries.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.21 no.6
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• pp.129-134
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• 2021

Recently, the demand for electricity is gradually increasing due to the rapid industrial development and the improvement of living standards. In the case of Korea, which is highly dependent on fossil fuels due to such a surge in electricity demand, reduction and freezing of greenhouse gas emissions due to international environmental regulations will immediately lead to a contraction in industrial activities. Accordingly, there are many difficulties in competition with advanced countries that want to link the environment with the country's industrial production activities, and the development of alternative energy as a countermeasure is of great interest around the world. Among these new power generation methods, small-scale power generation facilities with relatively small capacity include photovoltaic generation, wind power generation, and fuel cell generation. Among them, the fuel cell attracts the most attention in consideration of continuous operation, high power generation efficiency, and long-term durability, which are important factors for practical use. Therefore, in this paper, the fuel cell power generation system was researched and constructed by designing the power conversion circuit necessary to finally obtain the AC power used in our daily life by using the DC power generated from the fuel cell as an input.

• The Journal of Engineering Geology
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• v.32 no.4
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• pp.627-642
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• 2022

The world's long reliance on fossil fuels (e.g., oil, coal, and natural gas) is severely changing its environment and climate. Energy research has focused on developing hydrogen as the most promising energy carrier and a key technology for sustainable energy development. Hydrogen can be classified as gray, blue, green, and otherwise according to the raw materials and methods used for production and processing. For the development of hydrogen energy, geologists are attempting to identify the mechanism of abiotic hydrogen generation by serpentinization or hydrothermal alteration. Teams in the United States, France, and Australia have researched laboratory-scale hydrogen production through water-rock interactions under various conditions, whereas there has been almost no research on abiotic hydrogen in South Korea. This paper reviews the current state of international research on hydrothermal alteration and offers suggestions for future investigations of abiotic hydrogen production in South Korea.

• The Journal of the Petrological Society of Korea
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• v.21 no.2
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• pp.129-150
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• 2012

The tectonic evolution of the Central Ogcheon Belt has been newly analyzed in this paper from the detailed geological maps by lithofacies classification, the development processes of geological structures, microstructures, and the time-relationship between deformation and metamorphism in the Ogcheon, Cheongsan, Mungyeong Buunnyeong, Busan areas, Korea and the fossil and radiometric age data of the Ogcheon Supergroup(OSG). The 1st tectonic phase($D^*$) is marked by the rifting of the original Gyeonggi Massif into North Gyeonggi Massif(present Gyeonggi Massif) and South Gyeonggi Massif (Bakdallyeong and Busan gneiss complexes). The Joseon Supergroup(JSG) and the lower unit(quartzose psammitic, pelitic, calcareous and basic rocks) of OSG were deposited in the Ogcheon rift basin during Early Paleozoic time, and the Pyeongan Supergroup(PSG) and its upper unit(conglomerate and pelitic rocks and acidic rocks) appeared in Late Paleozoic time. The 2nd tectonic phase(Ogcheon-Cheongsan phase/Songnim orogeny: D1), which occurred during Late Permian-Middle Triassic age, is characterized by the closing of Ogcheon rift basin(= the coupling of the North and South Gyeonggi Massifs) in the earlier phase(Ogcheon subphase: D1a), and by the coupling of South China block(Gyeonggi Massif and Ogcheon Zone) and North China block(Yeongnam Massif and Taebaksan Zone) in the later phase(Cheongsan subphase: D1b). At the earlier stage of D1a occurred the M1 medium-pressure type metamorphism of OSG related to the growth of coarse biotites, garnets, staurolites. At its later stage, the medium-pressure type metamorphic rocks were exhumed as some nappes with SE-vergence, and the giant-scale sheath fold, regional foliation, stretching lineation were formed in the OSG. At the D1b subphase which occurs under (N)NE-(S)SW compression, the thrusts with NNE- or/and SSW-vergence were formed in the front and rear parts of couple, and the NNE-trending Cheongsan shear zone of dextral strike-slip and the NNE-trending upright folds of the JSG and PSG were also formed in its flank part, and Daedong basin was built in Korean Peninsula. After that, Daedong Group(DG) of the Late Triassic-Early Jurassic was deposited. The 3rd tectonic phase(Honam phase/Daebo orogeny: D2) occurred by the transpression tectonics of NNE-trending Honam dextral strike-slip shearing in Early~Late Jurassic time, and formed the asymmetric crenulated fold in the OSG and the NNE-trending recumbent folds in the JSG and PSG and the thrust faults with ESE-vergence in which pre-Late Triassic Supergroups override DG. The M2 contact metamorphism of andalusite-sillimanite type by the intrusion of Daebo granitoids occurred at the D2 intertectonic phase of Middle Jurassic age. The 4th tectonic phase(Cheongmari phase: D3) occurred under the N-S compression at Early Cretaceous time, and formed the pull-apart Cretaceous sedimentary basins accompanying the NNE-trending sinistral strike-slip shearing. The M3 retrograde metamorphism of OSG associated with the crystallization of chlorite porphyroblasts mainly occurred after the D2. After the D3, the sinistral displacement(Geumgang phase: D4) occurred along the Geumgang fault accompanied with the giant-scale Geumgang drag fold with its parasitic kink folds in the Ogcheon area. These folds are intruded by acidic dykes of Late Cretaceous age.