Regional Economics: Theory and Practice

Abstracting and Indexing

Referativny Zhurnal VINITI RAS
LCCN Permalink
Google Scholar

Online available



Cyberleninka (24 month OA embargo)

Assessing the stability of the Republic of Korea's energy supply

Vol. 17, Iss. 12, DECEMBER 2019

Received: 16 September 2019

Received in revised form: 6 October 2019

Accepted: 30 October 2019

Available online: 13 December 2019


JEL Classification: F0, N7, O5, Q3

Pages: 2387–2398

Yoon Y.M. Lomonosov Moscow State University (MSU), Moscow, Russian Federation

Subject This article discusses the issues related to stable energy supply as a factor in the development of the national economy.
Objectives The article aims to present an original interpretation of the method of assessing the energy supply stability, and find out whether it is feasible to apply it as far as the Republic of Korea is concerned.
Methods For the study, I used the methods of post-event, systematic, and structural analyses, as well as grouping, sampling, comparison, and generalization.
Results The article presents an index developed to systematically assess the energy supply stability. Using this index to assess the stability of the Republic of Korea's energy supply, the article proves its practicality.
Conclusions and Relevance The stability of Korea's energy imports depends on stability in exporting countries to a great extent. Increasing the share of domestic energy sources (nuclear power plants and renewable energy sources) and the share of Russian natural gas imports contributes immensely to the composite stability index of Korean imports improving. The proposed method of assessing Korea's energy security can be used to assess the stability of energy imports from other countries.

Keywords: stability, risk, energy transport route, energy dependency, energy transformation, Korea


  1. Lee J.-S. A Typology of Energy Threats in East Asia: Conceptual Framework of Energy Security. Journal of International Politics, 2014, vol. 19, iss. 1, pp. 207–237. (In Korean) URL: Link
  2. Yao L., Chang Y. Energy Security in China: A Quantitative Analysis and Policy Implications. Energy Policy, 2014, vol. 67, pp. 595–604. URL: Link
  3. Kisel E., Hamburg A., Härm M. et al. Concept for Energy Security Matrix. Energy Policy, 2016, vol. 95, pp. 1–9. URL: Link
  4. Kruyt B., Van Vuuren D.P., De Vries H.J.M., Groenenberg H. Indicators for Energy Security. Energy Policy, 2009, vol. 37, iss. 6, pp. 2166–2181. URL: Link
  5. Von Hippel D., Suzuki T., Williams J.H. et al. Energy Security and Sustainability in Northeast Asia. Energy Policy, 2011, vol. 39, iss. 11, pp. 6719–6730. URL: Link
  6. Takase K., Suzuki T. The Japanese Energy Sector: Current Situation, and Future Paths. Energy Policy, 2011, vol. 39, iss. 11, pp. 6731–6744. URL: Link
  7. Jansen J.C., Seebregts A.J. Long-Term Energy Services Security: What is it and How Can it be Measured and Valued? Energy Policy, 2010, vol. 38, iss. 4, pp. 1654–1664. URL: Link
  8. Jewell J. The IEA Model of Short-Term Energy Security (MOSES): Primary Energy Sources and Secondary Fuels. IEA Energy Papers, 2011, no. 17, 48 p. URL: Link
  9. Jang Y.-C., Bang K.-Y., Lee K.-Y., Kim K.-N. Analysis of Energy Security by the Diversity Indices: A Case Study of South Korea. Journal of Energy Engineering, 2014, vol. 23, iss. 2, pp. 93–101. (In Korean) URL: Link
  10. Ahn S.H. Can Korea, Russia, and China Form a Strategic Energy Alliance? Journal of International Politics, 2010, vol. 15, iss. 1, pp. 105–135. (In Korean) URL: Link

View all articles of issue


ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 18, Iss. 7
July 2020