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Future Strategy of the Korean Petrochemical Industry by Analysing Integrated Emerging Issues

한국 석유화학산업의 미래전략을 위한 융합적 이머징 이슈 분석

  • Received : 2017.09.04
  • Accepted : 2017.12.20
  • Published : 2017.12.28

Abstract

This study aims to propose a methodology for future strategies of the Korean petrochemical industry. Instead of using static models or trade related statistical analysis, we derived emerging issues of the Korean petrochemical industry through survey in accordance with the STEPPER analysis. The participants of the survey were limited to leading experts of the field, such as businessmen, researchers and professors. Also, I observed whether the current driving forces are suitable in analyzing the future. Furthermore, emerging trends and emerging issues as far as 2040 were also extracted through horizon scanning and expert interviews. Through this study, three factors, which are the global oil prices, economic prospects, and core material development, have been confirmed. In the future, I believe that not only petrochemical industry, but also other industries such as steel, autos, shipbuilding and so on, can be studied for future scenarios and strategies as well.

Keywords

future strategies;petrochemical industry;emerging issues;STEPPER;horizon scanning

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