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Security and Liability Challenges in Implementing Smart Ports in Korea: An Analytical Modeling Approach

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영문명
발행기관
한국무역학회
저자명
Mikeum Kim Se-Hyun Park
간행물 정보
『Journal of Korea Trade (JKT)』Vol.29 No.4, 157~175쪽, 전체 19쪽
주제분류
경제경영 > 무역학
파일형태
PDF
발행일자
2025.06.30
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국문 초록

Purpose - As ports are becoming smart ports to enhance operational efficiency, reduce costs, and improve service reliability, new challenges arise—particularly in assigning liability and facilitating data sharing amid cybersecurity vulnerabilities. This study models the strategic interactions of smart ports and shipping firms under these emerging conditions. Design/Methodology - We develop a game-theoretic model in which a monopolistic smart port interacts with heterogeneous shipping companies. Each firm chooses one of three strategies: adopting smart shipping with data-sharing, maintaining conventional operations, or exiting the market. The model incorporates key variables such as liability assignment, security risk, and data-sharing level, to analyze their influence on firm behavior and port profitability. Findings - The results indicate that when security vulnerability is low, increasing liability enhances port profitability. However, under high security risk, increased liability discourages participation and reduces profits. The optimal level of data-sharing rises with both the system benefit and the baseline value of port usage, revealing a nonlinear relationship between cybersecurity risk and incentive design. Originality/value - Unlike prior literature that emphasizes descriptive metrics or infrastructural readiness, this study presents a formal analytical model that captures economic and behavioral dynamics of smart port ecosystem. The findings provide actionable insights for policymakers and port authorities seeking to balance innovation with institutional and regulatory constraints in smart port development.

영문 초록

목차

1. Introduction
2. Literature Review
3. Model
4. Equilibrium
5. Discussion and Limitations
References

키워드

해당간행물 수록 논문

참고문헌

  • The Review of Economic Studies
  • Uncertainty in economics: Readings and exercises
  • TransNav: International Journal on Marine Navigation and Safety of Sea Transportation
  • Journal of Korea Trade
  • Econometrica: Journal of the Econometric Society
  • Information and Communications Technology Law
  • European Transport Research Review
  • European Journal of Operational Research
  • Revista DYNA
  • International Journal of Logistics Research and Applications
  • Proceedings of the 2022 IEEE Power & Energy Society General Meeting (PESGM)
  • Transportation Science
  • Autonomous vessels in maritime affairs: Law and governance implications
  • International Transactions in Operational Research
  • The Review of Economic Studies
  • Information Technology and Management
  • Journal of Law, Economics, and Organization
  • Journal of Korea Trade
  • Journal of Maritime Research
  • Journal of Marine Science and Engineering
  • Regulating Artificial Intelligence in Industry
  • International Journal of Law and Information Technology
  • Transportation Research Part B: Methodological
  • Ocean Engineering
  • Journal of Financial Economics
  • Maritime Policy & Management
  • International Journal of Sustainable Transportation
  • Journal of Economic Theory
  • Juridical Tribune Journal
  • Uncertainty in Economics
  • The RAND Journal of Economics
  • The Review of Economic Studies
  • Uncertainty in economics
  • The American Economic Review
  • MIT Press
  • Econometrica
  • Journal of Intellectual Property, Information Technology and E-Commerce Law
  • Research in Transportation Business and Management
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APA

Mikeum Kim,Se-Hyun Park. (2025).Security and Liability Challenges in Implementing Smart Ports in Korea: An Analytical Modeling Approach. Journal of Korea Trade (JKT), 29 (4), 157-175

MLA

Mikeum Kim,Se-Hyun Park. "Security and Liability Challenges in Implementing Smart Ports in Korea: An Analytical Modeling Approach." Journal of Korea Trade (JKT), 29.4(2025): 157-175

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