Current risk management status of the Korean petrochemical industry |
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| Institution: | 1. Department of Industrial Safety & Health, College of Biomedical Science & Engineering, INJE University, Gimhae, Gyeongnam 621-749 South Korea;2. Risk Management Research Center, SamsungFire & Marine Insurance Co. 8th Fl. Samsung Insurance Bldg 87, Euljiro 1 ga, Choong-gu, Seoul 100-191, South Korea;1. School of Information and Communication Engineering, Dalian University of Technology, Dalian 116023, China;2. 91550 Amy, Dalian 116023, China;1. Department of Chemical Engineering, Faculty of Engineering, University of Malaya, 50603, Kuala Lumpur, Malaysia;2. Faculty of Quality Management and Inspection & Quarantine, Yibin University, 644000, Yibin, China;3. Sustainable Process Engineering Centre (SPEC), Department of Chemical Engineering, Faculty of Engineering, University of Malaya, 50603, Kuala Lumpur, Malaysia;4. Institute of Safety Science and Engineering, South China University of Technology, 510640, Guangzhou, China;5. Institute of Ocean and Earth Sciences (IOES), University of Malaya, 50603, Kuala Lumpur, Malaysia |
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| Abstract: | In Korea, it was during the early 1970s that the petrochemical industry begun its full-fledged operation. During this period, the petrochemical industry along with the steel, automobile, shipbuilding, machinery industries, etc. started to consolidate its position as one of the key industries, encouraged by the governmental policies that sought to promote the heavy chemical industries. However, large-scale accidents that can greatly affect the management activities occur frequently. To respond effectively to these accidents, chemical plants execute risk management measures, fit for each business establishment’s characteristics. This study focuses on the current status of risk management activities conducted by the petrochemical plants in Korea, and on the trends in the global market. |
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