• Journal of Korea Port Economic Association
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• v.39 no.1
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• pp.149-172
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• 2023

In the Northeast Asian region, including Korea, China, and Japan, with rapid economic growth since the 1990s, intra-regional oil logistics has been increasing. Under such external circumstances, Korea has been pursuing a policy to become a Northeast Asian petroleum logistics hub since the mid-2000s. In order to become a Northeast Asian logistics hub, it is important to establish and promote a business model to promote the value-added oil logistics business. This study aims to propose policies and practical implications for increasing petroleum logistics by analyzing Korea's petroleum logistics business model in Northeast Asia. The results of case analysis through interviews with 23 tank terminal companies are as follows. First, most of the oil storage tank terminal companies interviewed are conducting value-added petroleum logistics such as blending, breaking bulk, and consolidation etc. Second, value-added petroleum logistics is caused by an imbalance in supply and demand among neighboring countries in Northeast Asia. In particular, there is a high demand for breaking bulk and blending connecting Japan, Oceania, the United States, and South America. Third, it is necessary to promote the promotion of value-added logistics by improving infrastructure, institutions, and regulations in response to the demand for value-added petroleum logistics, which will greatly contribute to Korea's policy for being Northeast Asian oil hub.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2018.05a
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• pp.135-137
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• 2018

다수의 원유 선적항으로부터 여러 정유공장으로 수송된 원유를 정제하여 생산한 제품유를 글로벌 수요시장으로 배분하는 2단계 석유물류네트워크의 최적화는 글로벌 석유 메이저의 중요한 의사결정문제이다. 본 연구는 제품유 시장의 가격 및 수요 변동의 영향을 반영하여 원유 수송, 정제 및 제품유 배분을 최적화하기 위한 석유물류네트워크의 로버스트 추계적 모형을 제시하고 있다. 계산실험은 제품유 시장의 가격 및 수요 변동에 관한 시나리오 기반의 데이터를 사용하여 최적화 모형에 적용하였으며, 그 결과를 바탕으로 제시한 최적화모형의 유용성과 타당성을 검증하여 보고하고 있다.

• Journal of Korea Port Economic Association
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• v.31 no.1
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• pp.127-145
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• 2015

Plant location selection is a decision which requires huge investment and entails a significant impact in a longer-term. The petrochemical industry, in particular, is so capital- and technology-intensive that the firms in the industry pursue enhancing competitiveness through collaboration and integration among entities in their supply chains. Even though the logistics factor such as logistics costs and connectivity have, as a result, gained its importance in plant location decision making, this has rarely studies in empirical studies. Therefore, this study aims to examine the relative importance of the logistics factor in plant location decision making in the petrochemical industry using the multi-criteria decision-making approach. In addition the three representative petrochemical industrial complexes are evaluated by the factors used in this study. This study is able to provide the useful implication in both practical and policy-making aspects. Firms are required to consider the logistics factors with priority compared to other factors in plant location decision making. In addition, when federal or local governments build industrial sites and attract the petrochemical firm, logistics infrastructure should also be considered to provide better transportation connectivity and lower logistics costs in turn.

• Journal of Korea Port Economic Association
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• v.25 no.1
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• pp.63-86
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• 2009

With increasing uncertainty of energy market in the world, the policies for the energy resource security have become crucial Several countries with poor energy resource like Netherlands and Singapore have pursued the policy for becoming an oil hub in the region. Singapore has been an oil hub in East Asia for a long time not only because it is well located with a large number of countries exporting and importing oil but it has also pursued strong policies to become an oil hub while establishing favourable institutional, regulatory and business environment for accommodating major refineries and petro-chemical companies. However with growing trading volume of petroleum products in Northeast Asia and a record high price of oil in these days, the necessities of another oil hub in the region are considered in order to reap benefits of the security of economical and stable oil. South Korea is situated astride the main North Pacific shipping route, with deep water ports and proximity to Chinese and Japanese industrial centres that make tank terminal operators Ideal choices for the oil hub in Northeast Asia although it has several disadvantages such as lack of independent storage facilities, underdeveloped oil trading market and unfavourable business friendly climates etc. This study is focused on examining the globalization strategies of tank terminal operators such as Vopak, Oiltanking and Odfjell in order to suggest the policy implications for becoming an oil tub in Northeast Asia.

• Korea Petroleum Association Journal
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• no.7 s.185
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• pp.24-28
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• 1996

• Korea Petroleum Association Journal
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• no.10 s.140
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• pp.53-60
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• 1992

• International Commerce and Information Review
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• v.14 no.3
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• pp.209-227
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• 2012

Northeast Asia where is an epicenter of the global financial crisis's conquest is traditional imbalanced region of oil production and consumption. In recent years, the region has been suffered by the shortage of oil storage and transportation facilities due to surging oil trading and necessity in strategic reserves. Therefore, since independent petroleum logistics with the storage facilities and oil trading hub is required to form efficient oil market in this region. In this study, we analyzed the efficiency of refinery facilities by country that is of importance in being a logistics hub in Northeast Asia by employing non-static and dynamic efficiency analysis, which are a part of DEA(Data Envelopment Analysis) and then policy implications have been drawn. The result illustrates Korea's is the highest country in terms of efficiency of oil refining facilities in Northeast Asia. It implies that Korea has strong position to be the oil hub in Northeast Asia.

• Korea Petroleum Association Journal
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• no.8 s.186
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• pp.42-43
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• 1996

• Korea Petroleum Association Journal
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• no.10 s.140
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• pp.48-52
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• 1992

• Journal of Korean Society of Transportation
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• v.28 no.1
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• pp.107-114
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• 2010

This study aims to identify the impact of the logistics industry on the Korean national economy. To do this, we used a MRIO table provided by the Bank of Korea which includes inter and intra regional relationship of the production and consumption for 6 areas - the Seoul Metropolitan, Gangwon, Chungcheong, Jeonra, Gyeongbuk, Gyeongnam area, but an original MRIO table was recomposed of 29 sectors focused on logistics industry for the purpose of this study. we analyzed producing-inducing effects, supply-shortage effects and inter-industry linkage effects based on logistics industry by region and industry. As a result, the logistics industry has more supply-shortage effect rather than production-inducing effect and has a higher ripple effect on the automotive in Gyeongnam area and petrochemical industry in Jeonra area. In particular, the ripple effect of th Metropolitan logistic industry was far smaller than that of other areas, because the Seoul Metropolitan industry was identified as the primary and middle demand industry.