Under the 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, nuclear power or renewable energy, this book revisits the evolution of overseas energy investment of two industrial giants in East Asia, Korea and Japan. It will provide meaningful lessons of how the state sets up policies and navigates political procedures for energy security. While a historical case study, it also offers its readers new insight into the international energy market by taking the stark déjà vu in its repetitive nature and putting it into context. The book provides an in-depth study highlighting the differences in political systems which led to contrasting outcomes. The one with a small number of veto players succeeded in establishing and expanding state-owned oilcompanies while producing policy inconsistency at the same time and vice versa. This comprehensive review of East Asian politics will add value to East Asian Studies by presenting a new approach through a universal theory rather than cultural uniqueness. As a readable case study on energy security, this book will be an essential reference for scholars, policymakers, industry insiders and citizens who are interested in how nations respond to historic challenges in a political and international context.

Explores how resource scarcity fueled creativity Explains energy economics in East Asia Provides context for decarbonization efforts

Autorentext
Seong Ik Oh received master's degrees from Harvard Kennedy School and Fletcher School, Tufts University, respectively. Also, he earned a Ph.D. from Johns Hopkins University's School of Advanced International Studies (SAIS). Continuing much of his career in public service, from the Korean Ministry of Maritime Affairs and Fisheries, the Ministry of Land, Infrastructure and Transport, to the Presidential Committee on Regional Development, he is currently a director general at the Ministry of Land, Infrastructure and Transport . He also teaches as adjunct professor at the Graduate School of Public Administration, Yonsei University.

Inhalt
Chapter 1: Introduction.- Chapter 2: The Establishment of the JPDC in the 1960s.- Chapter 3: The Establishment of PEDCO in the 1970s.- Chapter 4: The Attempt to Establish a Japanese State-Owned Oil Company in the early 21st century.- Chapter 5. A Business-Friendly President and the Strengthening of Korea's State-owned Oil Company.- Chapter 6: Conclusion.- Chapter 7: Epilogue.