Titlebook: Overseas Energy Investment of Korea and Japan; How did Two East Asi Seong-ik Oh Book 2023 The Editor(s) (if applicable) and The Author(s),

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The Attempt to Establish a Japanese State-Owned Oil Company in the Early Twenty-First Century,untermeasure to the abolishment of the JNOC, METI—the successor ministry of MITI—proposed a state-owned oil company to undertake important oil and gas assets inherited from the defunct JNOC. However, METI’s attempt to establish a state-owned oil company failed. The outcome was to privatize INPEX, on

TEM

,A Business-Friendly President and the Strengthening of Korea’s State-Owned Oil Company, One key policy was an effort to increase the country’s oil self-sufficiency ratio through overseas oil development, and the state needed to directly fund large investments to increase E&P assets and the capacity of KNOC to compete with gigantic Western oil majors and state-owned oil companies of ne

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Conclusion,or the inversely proportional relationship between the number of effective veto players and the establishment and strengthening of SOEs. As described in previous cases, Japan had many more veto players than Korea both in the developmental and post-development eras and failed to achieve the state’s i

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Epilogue,nture of Japan and Korea until the first decade of the twenty-first century. The changes in Japan’s and Korea’s overseas energy development policies show another aspect of the relationship between decision-making structures and policy consistency. On the one hand, the role of INPEX in Japan’s energy

下邊深陷

he contraction of global energy supply brought on by geopolitical situation, this timely book addresses how resource-scarce developing countries respond to challenges in energy security. In particular, for countries underpinning efforts for an autonomous supply of energy, either oil/natural gas, nuc

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Book 2023es respond to challenges in energy security. In particular, for countries underpinning efforts for an autonomous supply of energy, either oil/natural gas, nuclear power or renewable energy, this book revisits the evolution of overseas energy investment of two industrial giants in East Asia, Korea an

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Conclusion,h an alternative to the previous explanations, such as the developmental state explanation. Also, this book’s universal approach shows one main factor other than cultural account and national character in East Asian studies.

Harridan

Introduction,ellation, historical documents in the archives, contemporary news articles, such as . in the 1960s, and interviews with industry insiders and important policymakers, such as O Won-chol, a former Senior Economic Secretary to President Park Chung-hee.

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Epilogue,different administrations. As a result, while KNOC or KOGAS was not abolished, their roles in overseas oil and natural gas development have been drastically downsized, and the result is different from that of Japan in terms of the numerical target of oil and natural gas self-sufficiency.