This page has only limited features, please log in for full access.

Prof. Min-Kyu Lee
Graduate School of Management of Technology, Pukyong National University, Busan 48547, Korea

Basic Info


Research Keywords & Expertise

0 Science & technology policy
0 Technology demand forecasting
0 Technology economic evaluation
0 Econometric analysis of technology innovation
0 Marine, port, and logistics sector study

Honors and Awards

The user has no records in this section


Career Timeline

The user has no records in this section.


Short Biography

The user biography is not available.
Following
Followers
Co Authors
The list of users this user is following is empty.
Following: 0 users

Feed

Journal article
Published: 13 August 2021 in Energies
Reads 0
Downloads 0

Achieving Net zero emissions is a common challenge facing all mankind. Low-carbon electricity has always been the main research field of global GHG emission control. The current article aims to use the bibliometric analysis to describe the characteristics and trends of low-carbon electricity publications from 1983 to 2021. We found that: (1) the number of publications in this area has shown an overall increase in the past 33 years. (2) the United States is the most powerful country in this field of research. Moreover, with the exception of major developed countries, more and more emerging economies have also joined the research on low-carbon power systems. (3) co-citation analysis and literature clustering characteristics show that the knowledge base in this field is focused on the decomposition of driving factors for carbon dioxide emissions and the optimization of the operation of renewable energy (RE) in low-carbon power systems. (4) the utilization of RE is a hot topic in low-carbon power research. Through this research, global scholars can be provided with the latest overview of valuable low-carbon energy research trends.

ACS Style

Xin-Cheng Meng; Yeon-Ho Seong; Min-Kyu Lee. Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021. Energies 2021, 14, 4983 .

AMA Style

Xin-Cheng Meng, Yeon-Ho Seong, Min-Kyu Lee. Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021. Energies. 2021; 14 (16):4983.

Chicago/Turabian Style

Xin-Cheng Meng; Yeon-Ho Seong; Min-Kyu Lee. 2021. "Research Characteristics and Development Trend of Global Low-Carbon Power—Based on Bibliometric Analysis of 1983–2021." Energies 14, no. 16: 4983.

Journal article
Published: 05 August 2021 in Sustainability
Reads 0
Downloads 0

Along with the growth of the marine tourism industry, the number of global cruise tourists is rapidly increasing; the competition among regions to attract cruise tourists is increasing. The current study aims to verify that the global cruise tourism industry can be sustainable through its inherent power for long-term balanced convergence within the industry and can flexibly respond to external shocks such as COVID-19. This study applies the Vector Error Correction Model (VECM) to estimate the long-term balance function that determines the number of world cruise tourists. This study reveals that the number of world cruise tourists finally converges to long-term balance if the number of world cruise tourists at present is lower than the one at long-term equilibrium. In summary, the results of the VECM in the present study suggest the presence of an “invisible hand” in the global cruise tourism industry converging to a long-term balance. A few previous studies have suggested ways to increase global cruise tourists and promote the cruise tourism industry through qualitative methods, however, little research has estimated the decision function of the number of cruise tourists at a long-term equilibrium point. This study shows the dynamic characteristics of the cruise tourism market using the VECM.

ACS Style

Young-Gyun Ahn; Min-Kyu Lee. Elasticity of the Number of World Cruise Tourists Using the Vector Error Correction Model. Sustainability 2021, 13, 8743 .

AMA Style

Young-Gyun Ahn, Min-Kyu Lee. Elasticity of the Number of World Cruise Tourists Using the Vector Error Correction Model. Sustainability. 2021; 13 (16):8743.

Chicago/Turabian Style

Young-Gyun Ahn; Min-Kyu Lee. 2021. "Elasticity of the Number of World Cruise Tourists Using the Vector Error Correction Model." Sustainability 13, no. 16: 8743.

Journal article
Published: 18 August 2020 in Transportation Research Part D: Transport and Environment
Reads 0
Downloads 0

Under the new climate-change regime, electric vehicles (EVs) have received particular attention for their ability to help mitigate greenhouse gas emissions. The government is looking to implement a vehicle-to-grid (V2G) service for EV use. The present study estimates the economic value of a V2G service, adopting the contingent valuation approach. An online contingent valuation oriented survey of 1007 interviewees was conducted for deriving their willingness-to-accept for the service. The mean willingness-to-accept estimate was achieved as KRW 9821 (USD 8.83) per month, per vehicle; thus, the estimated annual benefit amounted to KRW 117,852 (USD 106.01). The findings can offer a valuable guideline for determining the economic feasibility of a V2G service. From a management perspective, the results can help primary stakeholders decide the optimal price level for that service.

ACS Style

Chul-Yong Lee; Jung-Woo Jang; Min-Kyu Lee. Willingness to accept values for vehicle-to-grid service in South Korea. Transportation Research Part D: Transport and Environment 2020, 87, 102487 .

AMA Style

Chul-Yong Lee, Jung-Woo Jang, Min-Kyu Lee. Willingness to accept values for vehicle-to-grid service in South Korea. Transportation Research Part D: Transport and Environment. 2020; 87 ():102487.

Chicago/Turabian Style

Chul-Yong Lee; Jung-Woo Jang; Min-Kyu Lee. 2020. "Willingness to accept values for vehicle-to-grid service in South Korea." Transportation Research Part D: Transport and Environment 87, no. : 102487.

Journal article
Published: 10 May 2020 in Energies
Reads 0
Downloads 0

Under the new climate regime, renewable energy (RE) has received particular attention for mitigating the discharge of greenhouse gas. According to the third energy master plan in South Korea, by 2040, 30–35% of the energy demand must met with RE sources. To ensure relevant policy design to achieve this goal, it is crucial to analyze the public’s willingness to accept community-based RE projects. This study conducted a nationwide survey to understand the opinion of the public and also that of local inhabitants living near a RE project. A choice experiment was employed to measure public preferences toward RE projects. The analysis reveals that the type of energy source, distance to a residential area, and annual percentage incentives could affect acceptance levels. Additionally, investment levels were a factor in local inhabitants’ acceptance of energy-related projects. This study presents the relevant policy implications in accordance with the analysis results.

ACS Style

Rahel Renata Tanujaya; Chul-Yong Lee; JongRoul Woo; Sung-Yoon Huh; Min-Kyu Lee. Quantifying Public Preferences for Community-Based Renewable Energy Projects in South Korea. Energies 2020, 13, 2384 .

AMA Style

Rahel Renata Tanujaya, Chul-Yong Lee, JongRoul Woo, Sung-Yoon Huh, Min-Kyu Lee. Quantifying Public Preferences for Community-Based Renewable Energy Projects in South Korea. Energies. 2020; 13 (9):2384.

Chicago/Turabian Style

Rahel Renata Tanujaya; Chul-Yong Lee; JongRoul Woo; Sung-Yoon Huh; Min-Kyu Lee. 2020. "Quantifying Public Preferences for Community-Based Renewable Energy Projects in South Korea." Energies 13, no. 9: 2384.

Regular paper
Published: 14 April 2020 in International Journal of Precision Engineering and Manufacturing-Green Technology
Reads 0
Downloads 0

Assessing the environmental impacts of product systems has become critical, with emphasis on reducing carbon dioxide emissions in line with the new climate change regime. Accordingly, environmental regulations have been newly issued or have stronger requirements for inducing more energy-efficient and environmentally-conscious product development. Therefore, product developers in new product development are being forced to consider various and heterogeneous design performance and are encountering more difficulty and chaos when selecting the best product design among design candidates. The relevant studies have contributed to providing tools and techniques for increasing the environmental soundness of the product; however, they do not holistically accommodate the quantification of functional and economic metrics, nor do they incorporate the compliance with recent environmental legislations. The present work proposes an environmentally-conscious design method that integrates functional, economic, and environmental assessments with the compliance of the energy-related products (ErP) legislation. This method provides analytical capabilities including: (1) a functional assessment to derive the durability of the product to be embedded for practical measurement in the following assessments, (2) a compliance check to ensure that energy-related products fulfill the ErP directive enacted by the European Union, (3) an economic assessment to calculate the total cost during the product lifecycle by using the life cycle cost concept, and (4) an environmental assessment to quantify the environmental loads of the product by using a simplified life cycle assessment. The present work also includes a case study to demonstrate the effectiveness of the proposed method; to this end, two different electronic vacuum cleaners are compared. The results of the present work help product developers use life cycle design thinking for determining their design parameters by checking their compliance with the ErP legislation and assessing economic and environmental metrics with a mechanical analysis of the durability of product systems.

ACS Style

Farrell Samuel Kiling; Seung-Jun Shin; Min-Kyu Lee; Prita Meilanitasari. An Energy-Related Products Compliant Eco-Design Method with Durability-Embedded Economic and Environmental Assessments. International Journal of Precision Engineering and Manufacturing-Green Technology 2020, 8, 561 -581.

AMA Style

Farrell Samuel Kiling, Seung-Jun Shin, Min-Kyu Lee, Prita Meilanitasari. An Energy-Related Products Compliant Eco-Design Method with Durability-Embedded Economic and Environmental Assessments. International Journal of Precision Engineering and Manufacturing-Green Technology. 2020; 8 (2):561-581.

Chicago/Turabian Style

Farrell Samuel Kiling; Seung-Jun Shin; Min-Kyu Lee; Prita Meilanitasari. 2020. "An Energy-Related Products Compliant Eco-Design Method with Durability-Embedded Economic and Environmental Assessments." International Journal of Precision Engineering and Manufacturing-Green Technology 8, no. 2: 561-581.

Journal article
Published: 08 March 2019 in Food Research International
Reads 0
Downloads 0

In South Korea, aquaculture producers, fish restaurant operators and the government need detailed information regarding individual-level consumption of live fish. This study aims to identify determinants of live fish consumption frequency. Specifically, by using micro-survey data obtained from interviews of 800 randomly selected households in the South Korean metropolitan cities, an ordered probit model is estimated. Overall, the estimation results reveal that the chosen model is appropriate to analyze consumers’ preferences for live fish. The coefficients of residential area, household income, preferences, favorable fish species, the importance of price, and safety are statistically significant at the 10% level. If consumers consider price an important factor, their consumption of live fish may decrease. Moreover, consumers with high satisfaction for safety are more likely to consume live fish more frequently. To increase the consumption of live fish, it is recommended to develop products designed for segmented markets and to promote their functional attributes. This study is expected to provide useful information for designing effective strategies to marketing managers.

ACS Style

Min-Kyu Lee; Jongoh Nam. The determinants of live fish consumption frequency in South Korea. Food Research International 2019, 120, 382 -388.

AMA Style

Min-Kyu Lee, Jongoh Nam. The determinants of live fish consumption frequency in South Korea. Food Research International. 2019; 120 ():382-388.

Chicago/Turabian Style

Min-Kyu Lee; Jongoh Nam. 2019. "The determinants of live fish consumption frequency in South Korea." Food Research International 120, no. : 382-388.

Journal article
Published: 11 October 2018 in Transportation Research Part A: Policy and Practice
Reads 0
Downloads 0

Recently, state-of-the-art technologies such as the Internet of Things and information and communications technology have been applied to the port logistics field in accordance with the advent of the fourth industrial revolution globally. In line with this trend, developed countries are developing and applying smart port technology in the port industry. However, few studies have investigated the economic impact of this activity. Thus, by reviewing the various definitions and policies of the smart port industry and applying a modified hybrid methodology combining Delphi surveys and input-output analysis, this study estimates the economic impact of the smart port industry on the Korean economy with a sophisticated yet reasonable range of values. The smart port industry is dominated by the forward linkage effect, which means the smart port industry is used as an intermediary material or process in other industries. Furthermore, compared with the port industry, the smart port industry has an especially large impact on productivity, value added, and employment.

ACS Style

Wang Ki Jun; Min-Kyu Lee; Jae Young Choi. Impact of the smart port industry on the Korean national economy using input-output analysis. Transportation Research Part A: Policy and Practice 2018, 118, 480 -493.

AMA Style

Wang Ki Jun, Min-Kyu Lee, Jae Young Choi. Impact of the smart port industry on the Korean national economy using input-output analysis. Transportation Research Part A: Policy and Practice. 2018; 118 ():480-493.

Chicago/Turabian Style

Wang Ki Jun; Min-Kyu Lee; Jae Young Choi. 2018. "Impact of the smart port industry on the Korean national economy using input-output analysis." Transportation Research Part A: Policy and Practice 118, no. : 480-493.

Journal article
Published: 13 September 2018 in Sustainability
Reads 0
Downloads 0

In Korea, fishery managers, eco-labeled program operators, and the government need detailed information regarding individual-level preferences for eco-labeled seafood. This study aims to identify the determinants of consumer preference for such seafood. Specifically, an ordered probit model is estimated by using micro-survey data obtained from interviews of 2773 randomly selected Korean households. Overall, the estimation results reveal that the chosen model is appropriate to analyze consumer preference for eco-labeled seafood. The coefficients of consumption frequency, the importance of price, the confirmation of origin, residential area, and household income are statistically meaningful. If consumers consider price an important factor, their consumption of eco-labeled seafood may decrease. Moreover, consumers with interest in the origin of seafood are more likely to accept eco-labeled seafood. To increase the consumption of eco-labeled seafood, it is recommended to develop products designed specifically for segmented markets and promote functional features. The findings can provide a valuable guideline to marketing managers and policy makers for designing effective strategies regarding eco-labeled seafood.

ACS Style

Bong-Tae Kim; Min-Kyu Lee. Consumer Preference for Eco-Labeled Seafood in Korea. Sustainability 2018, 10, 3276 .

AMA Style

Bong-Tae Kim, Min-Kyu Lee. Consumer Preference for Eco-Labeled Seafood in Korea. Sustainability. 2018; 10 (9):3276.

Chicago/Turabian Style

Bong-Tae Kim; Min-Kyu Lee. 2018. "Consumer Preference for Eco-Labeled Seafood in Korea." Sustainability 10, no. 9: 3276.

Journal article
Published: 16 April 2018 in Sustainability
Reads 0
Downloads 0

Renewable energy receives particular attention in Korea because of concerns about climate change and scarce traditional energy resources. The government plans to enhance photovoltaic (PV) power’s share of total power generation from 0.5% in 2014 to 10.1% in 2029. The present study tries to look into the public willingness to pay (WTP) for increasing PV power generation, applying the contingent valuation approach. A survey of 1000 interviewees was carried out in Korea. The observations of the WTP responses were gathered using a dichotomous choice question and analyzed employing the mixture model. The mean household WTP estimate is obtained as KRW 2183 (USD 1.9) per month, which possesses statistical significance. The total yearly WTP expanded to the population is worth KRW 476.9 billion (USD 423.1 million). These values can provide a useful basis for policy-making and decision-making about the economic feasibility of increasing PV power generation.

ACS Style

Min-Kyu Lee; Ju-Hee Kim; Seung-Hoon Yoo. Public Willingness to Pay for Increasing Photovoltaic Power Generation: The Case of Korea. Sustainability 2018, 10, 1196 .

AMA Style

Min-Kyu Lee, Ju-Hee Kim, Seung-Hoon Yoo. Public Willingness to Pay for Increasing Photovoltaic Power Generation: The Case of Korea. Sustainability. 2018; 10 (4):1196.

Chicago/Turabian Style

Min-Kyu Lee; Ju-Hee Kim; Seung-Hoon Yoo. 2018. "Public Willingness to Pay for Increasing Photovoltaic Power Generation: The Case of Korea." Sustainability 10, no. 4: 1196.

Journal article
Published: 04 August 2017 in Sustainability
Reads 0
Downloads 0

The forecasting demand for new technology for which few historical data observations are available is difficult but essential to sustainable development. The current study suggests an alternative forecasting methodology based on a hazard rate model using stated and revealed preferences of consumers. In estimating the hazard rate, information is initially derived through conjoint analysis based on a consumer survey and then updated using Bayes’ theorem with available market data. To compare the proposed models’ performance with benchmark models, the Bass model, the logistic growth model, and a Bayesian approach based on analogy are adopted. The results show that the proposed model outperforms the benchmark models in terms of pre-launch and post-launch forecasting performances.

ACS Style

Chul-Yong Lee; Min-Kyu Lee. Demand Forecasting in the Early Stage of the Technology’s Life Cycle Using a Bayesian Update. Sustainability 2017, 9, 1378 .

AMA Style

Chul-Yong Lee, Min-Kyu Lee. Demand Forecasting in the Early Stage of the Technology’s Life Cycle Using a Bayesian Update. Sustainability. 2017; 9 (8):1378.

Chicago/Turabian Style

Chul-Yong Lee; Min-Kyu Lee. 2017. "Demand Forecasting in the Early Stage of the Technology’s Life Cycle Using a Bayesian Update." Sustainability 9, no. 8: 1378.