Asynchronous optical packet switching (OPS) is a promising solution to support the continuous growth of transmission capacity demand. It has been, however, quite difficult to implement key functions needed at the node of such networks with all-optical approaches. We have proposed a new optoelectronic system composed of a packetby-packet optical clock-pulse generator (OCG), an all-optical serial-to-parallel converter (SPC), a photonic parallel-to-serial converter (PSC), and CMOS circuitry. The system makes it possible to carry out various required functions such as buffering (random access memory), optical packet compression/decompression, and optical label swapping for high-speed asynchronous optical packets.