Optimal Korea's Government Organization of Shipping and Shipbuilding

Abstract

This study aims to explore the optimal model for the Korean government's organization (KGO) of the maritime industry using the analytical hierarchy process (AHP). The result of the AHP analysis revealed that most respondents of the survey firstly weighted realistic possibility (0.473), and goal orientation (0.316) and institutional stability (0.221) were secondly and thirdly evaluated. The sub-criteria were systematically classified as suitability (0.279), competency (0.139), reliability (0.125), efficiency (0.115), political coordination (0.098), feasibility (0.095), equity (0.076), independence (0.044), and cooperation (0.041). Finally, shipbuilding and offshore plants under the unification with the Ministry of Ocean and Fisheries should be considered as the optimal KGO of the maritime industry in terms of the evaluation of AHP alternatives. Keywords: Korea's Shipping Industry, Ministry of Maritime and Ocean Affairs, Ministry of Trade, Industry and Energy, Hanjin Shipping, Oversupply of Vessel