Korean public's preference for supply security of oil and gas and the impact of protest bidders

Jihyo Kim, Jinsoo Kim, Yoon Kyung Kim

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


The Korean governmental support for supply security of oil and gas via overseas exploration and production (E&P) projects are publicly criticized because of some poor projects lacking of economic feasibility, even though it should be expanded from a long-term perspective. Applying the contingent valuation, this study investigates the Korean public's preferences for governmental support for overseas oil and gas E&P projects. The result shows that the governmental support for overseas E&P projects rather decreases public utility. The primary reason behind this utility decrease is that some respondents protested to bid because of their resistance toward tax increase without guaranteeing the efficient government support. This result implies that simple tax increases for expansion of the governmental support may bring about public's strong opposition. In order to overcome this public opposition, this study suggests that it is necessary to arouse public understanding of the necessity of overseas oil and gas E&P projects.

Original languageEnglish
Pages (from-to)202-213
Number of pages12
JournalEnergy Policy
StatePublished - 1 Feb 2016

Bibliographical note

Funding Information:
This work was supported by the Energy Efficiency & Resources program (No. 20152510101880 ) of the Korea Institute of Energy Technology Evaluation and Planning (KETEP) grant funded by the Korea Government Ministry of Trade, Industry and Energy .

Publisher Copyright:
© 2015 Elsevier Ltd.


  • Contingent valuation
  • Overseas E&P projects
  • Protest response
  • Public preference
  • Supply security of oil and gas


Dive into the research topics of 'Korean public's preference for supply security of oil and gas and the impact of protest bidders'. Together they form a unique fingerprint.

Cite this