• Title/Summary/Keyword: Energy Trade

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A Study a Secure Energy Trading Strategy based on a Blockchain (블록체인 기반 안전한 에너지 거래 전략 연구)

  • Kim, Hak Boo;Kim, Kijung;Bae, Kitae
    • Smart Media Journal
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    • v.9 no.3
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    • pp.18-24
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    • 2020
  • Existing energy was a system produced by a specific company and sold to consumers, but it is expected that in the near future, producers will become consumers and consumers will become producers. Recently, the emergence of cloud systems, 5G network construction, and energy reuse, including solar energy, are changing the shape of the energy market. In order to share energy, there are various agent systems, energy networks, and structures that form markets. In this study, we defined the above three and proposed a strategy using the Secure Energy Model (SEM) by applying a blockchain for a safe and fair energy market. The analytical results showed that the trust between the energy producers and consumers participating in the energy trade was formed.

Importance Assessment of Multiple Microgrids Network Based on Modified PageRank Algorithm

  • Yeonwoo LEE
    • Korean Journal of Artificial Intelligence
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    • v.11 no.2
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    • pp.1-6
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    • 2023
  • This paper presents a comprehensive scheme for assessing the importance of multiple microgrids (MGs) network that includes distributed energy resources (DERs), renewable energy systems (RESs), and energy storage system (ESS) facilities. Due to the uncertainty of severe weather, large-scale cascading failures are inevitable in energy networks. making the assessment of the structural vulnerability of the energy network an attractive research theme. This attention has led to the identification of the importance of measuring energy nodes. In multiple MG networks, the energy nodes are regarded as one MG. This paper presents a modified PageRank algorithm to assess the importance of MGs that include multiple DERs and ESS. With the importance rank order list of the multiple MG networks, the core MG (or node) of power production and consumption can be identified. Identifying such an MG is useful in preventing cascading failures by distributing the concentration on the core node, while increasing the effective link connection of the energy flow and energy trade. This scheme can be applied to identify the most profitable MG in the energy trade market so that the deployment operation of the MG connection can be decided to increase the effectiveness of energy usages. By identifying the important MG nodes in the network, it can help improve the resilience and robustness of the power grid system against large-scale cascading failures and other unexpected events. The proposed algorithm can point out which MG node is important in the MGs power grid network and thus, it could prevent the cascading failure by distributing the important MG node's role to other MG nodes.

A Study on the Demand of the Promotion Policy for the Oil and Gas Overseas Transportation Projects by AHP (AHP 분석을 이용한 원유 및 가스 해외 수송사업 진흥 정책 연구)

  • Jae-Woong Yoon
    • Korea Trade Review
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    • v.47 no.5
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    • pp.289-304
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    • 2022
  • Korea's LNG and crude oil are the most important energy and export raw materials, but 100% import resources by overseas. However, tanker shipping companies, which play the most crucial role in energy cargo security, are very small in number and size, which can be a factor in the supply chain crisis. Therefore, this paper studied the policy of expanding tanker transportation necessary for the transport of crude oil and LNG in Korea. In the existing literature, there was no policy study necessary for tanker ships, but referring only to the importance of overseas energy development and transportation, so we tried to derive various demands necessary for expanding the tanker fleet through expert interviews and AHP which was conducted on 89 related energy institutions to derive policies and their priorities. The results of the study are as follows. As for the policy, the financial support policy was the highest priority, followed by the business and the mutual cooperation policy of related agencies. Tax support (22.6%) and ship financing (19.4%) were the highest priorities, followed by the Energy Intermediate Promotion Act (11.9%), Tanker Guarantee Insurance (10.6%), Energy Budget Independence (9.3%), and Korea Trader Development (8.2%). Energy governance (6.3%), information center establishment (6.2%), and energy procurement committee (5.5%) ranked seventh, eighth, and ninth. The research results show that it is necessary to supply sufficient ships to the market through the expansion of ship finance for tankers and to follow business support policies such as guarantee insurance. In addition, it was also possible to derive that the financial resources need to be determined by law and independent budgets for consistency and continuity.

Optimal trade-off filters for Noise Robustness, Peak Sharpness and Light Efficiency in the Nonoverlapping Background Noise (배경이 물체에 겹치지 않는 영상에서 잡음에 대한 안정성, 출력의 최대값 크기, 광효율을 고려한 최적 Trade-off 필터)

  • Seong, Yeong-Kyeong;Choi, Tae-Sun
    • Journal of the Institute of Electronics Engineers of Korea SP
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    • v.37 no.4
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    • pp.56-64
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    • 2000
  • The design of filters for pattern recognition that have optimal trade-off for the criteria of noise robustness, peak sharpness and Homer efficiency, when input scene noise is spatially disjoint (nonoverlapping) with the target, are presented Three different criteria, ie, signal-to-noise ratio, peak-to-output energy ratio and light efficiency are used to design the filter. Computer simulation is made for the various types of noise and parameters to illustrate filter performance for optical pattern recognition. When we compare the new trade-off filter with the original optimal trade-off filter, the performance of trade-off filter for nonoverlapping background is better than that of trade-off filter for overlapping background.

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A Study on the Economic Status and Trade Enhancement of Korea and Mongolia (한국·몽고 경제분야 무역촉진에 대한 상관연구)

  • Bae, Sang-Mok;Park, Yoo-Soon
    • Industry Promotion Research
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    • v.5 no.1
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    • pp.149-155
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    • 2020
  • In this study, we aim to build a consensus that the Korea-Mongolian economic cooperation and trade growth will bring economic benefits to both countries and, in addition, the FTA between the two countries will bring economic benefits to the overall economy through the economic status and mutual trade status of Korea and Mongolia. Currently, countries around the world are accelerating their market battle with fierce competition, pushing for the opening of their markets through free trade agreements of multilateralism and regionalism centered on the WTO as a rapid change in the global economic environment. Amid such an international economic environment, Korea is developing diverse economic cooperation and FTA strategies, and under the principle that it is based on comprehensive and national consensus, it will sign simultaneous FTAs with major countries, but will diversify its trade partners' efforts to increase trade volume through market advantage, secure energy resources, and so on to secure more resources in overseas markets.

A Study on Korea's Trade Performance in Spain and its Strategies for Entry into Spanish Market (한국의 대(對)스페인 교역성과와 시장진출 전략에 관한 연구)

  • Soo-Suk Sohn
    • Korea Trade Review
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    • v.46 no.1
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    • pp.59-81
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    • 2021
  • This paper aims to analyze Korea's trade and investment performance in Spain and the business environment of Spain, and to find efficient strategies for entering into the Spanish market. This study is organized into five chapters. To begin with, it explains an overview of the Spanish economy and the current status of its major industries. Then, it analyzes Korea's trade and investment performance in Spain, the structure of comparative advantage and the trade trends of major import and export items, since 2011 when the Korea-EU FTA went into effect. Lastly, based on the results of this analysis, Korea's strategies for entering into the Spanish market are derived. The strategies derived from the analysis are as follows: (1) entering startups in the Spanish market through CVC cooperation and participation in large tech forums, (2) linking the Spanish interest in K-Culture to consumer goods exports, (3) promoting cooperation in the IT industry in response to the Spanish government's 'Connected Industry 4.0', (4) building a new Korean-Spanish value chain in response to the mobility revolution, (5) advancing jointly into a third country by combining the strengths of both Korea and Spain, (6) cooperating with the Spanish government to establish a sustainable energy policy, (7) promoting jointly with the Spanish government through smart city strategies and project exchanges, and (8) building a European logistics hub in Spain in preparation for post-Brexit.

Coal-fired power plants closure and just transition of port labour employment (화력발전소 폐쇄와 항만인력 고용의 공정한 전환)

  • Su-Han Woo;Du-Ri Kim
    • Korea Trade Review
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    • v.45 no.5
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    • pp.55-74
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    • 2020
  • This study examines the policy direction and specific countermeasures for addressing possible port labour issues from the perspective of Just Transition which may be raised by closing coal fired power plants in Korea. Current energy transition policy and port labour policy in Korea are reviewed and case studies in the countries which has experienced closure of coal fired power plants are undertaken. Although it varies from country to country, a similar approach was found that the employment problem of coal fired power plant closures and measures based on Just Transition regime to mitigate the negative impacts that occur in the region are the key to successful transition. It is suggested that countermeasures for port labour should be institutionalized for providing stakeholders with legal stability covering labours not only directly employed by the plants but also employed in entities in the whole supply chains.

Food Irradiarion : An Alternative Technology for an Emerging Need

  • Yang, Jae-Seung
    • Nuclear Engineering and Technology
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    • v.30 no.1
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    • pp.75-82
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    • 1998
  • Development and implementation of food irradiation was driven by needs pertaining to food safety improvement, food spoilage reduction, and quarantine/trade. The need for food safety is caused by the increasing morbidity and mortality caused by food-borne diseases worldwide, and it affects national economy and world-trade. Radiation technology can serve to ameliorate the vulnerability of our food supply system.

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Systematic Literature Review of Smart Trade Contract Research (스마트 무역계약 연구의 체계적 문헌고찰)

  • Ho-Hyung Lee
    • Korea Trade Review
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    • v.48 no.3
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    • pp.243-262
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    • 2023
  • This study provides a systematic review of smart trade contracts, examining the research trends and theoretical background of utilizing smart contracts and blockchain technology for the digitalization and automation of trade contracts. Smart trade contracts are a concept that applies the automated contract system based on blockchain to trade-related transactions. The study analyzes the technical and legal challenges and proposes solutions. The technical aspect covers the development of smart contract platforms, scalability and performance improvements of blockchain networks, and security and privacy concerns. The legal aspect addresses the legal enforceability of smart contracts, automatic execution of contract conditions, and the responsibilities and obligations of contract parties. Smart trade contracts have been found to have applications in various industries such as international trade, supply chain management, finance, insurance, and energy, contributing to the ease of trade finance, efficiency of supply chains, and business model innovation. However, challenges remain in terms of legal regulations, interaction with existing legal frameworks, and technological aspects. Further research is needed, including empirical studies, business model innovation, resolution of legal issues, security and privacy considerations, standardization and collaboration, and user experience studies to address these challenges and explore additional aspects of smart trade contracts.

Strategies for Promoting Trade and Foreign Direct Investment between Korea and Vietnam (한국과 베트남의 무역 및 투자협력 증진방안에 관한 연구)

  • Kim, Jeong-Ho
    • International Commerce and Information Review
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    • v.7 no.4
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    • pp.435-453
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    • 2005
  • This paper suggests several strategies for promoting Trade and Foreign Direct Investment cooperation to the Korean government and companies as follows ; For Korean government, its trade policy would be given much weight on the import from the Vietnam in the early developing stage. This import could be compensated and increased with the counter export of Korean products like the industrial goods. For Korean companies, they would make haste to invest and develop the abundant energy and natural resources in Vietnam. Their desirable strategies would be moving small scale projects into large ones, production partnerships with the foreign developed and experienced companies, and international joint ventures for using inward FDI incentives. The long range vision and perseverance are indispensable for promoting trade and foreign direct investments between and Korea and Vietnam and both parties' win-win results and development in the end.

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