The Motivation for Port Co-opetition: Strategic Implications to Korea
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Abstract
Globalisation and borderless businesses become a major impetus for ports to compete against their neighbouring ports serving the more-or-less same customers and hinterlands. To obtain and sustain their relative power within the region, the ports have traditionally opted for a competitive ('destructive') strategy, which results in a win-lose situation. An alternative was suggested; that is, a win-win game could be achieved by the concept of co-opetition: a mixed term of competition and cooperation. This concept seems to be new to the port industry. This paper aims to examine the existing co-opetitive relationship among the container terminal operators in South China from the perspective of motivations using the framework of content analysis. Strategic implications based on the analysis are provided to Korea.
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