The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
권호 표지
DOI QR코드

DOI QR Code

Economic Analysis of Ecklonia cava Aquaculture Business

감태 양식사업의 경제성 분석

  • Kang, Seok-Kyu (Department of Business Administration, Jeju National Univeristy)
  • Received : 2013.08.05
  • Accepted : 2013.09.23
  • Published : 2013.09.30
Download PDF
⟨ Previous Next ⟩

Abstract

The purpose of this study is to examine the economic validity of Ecklonia cava aquaculture business for raising fishing people's revenue. The results of this study are summarized as follows: First, the production of Ecklonia cava is estimated about 251 ton or more in Jeju. Second, the distribution structure of Ecklonia cava is not established, but Ecklonia cava is traded much more through bio or processing corporation than through fisheries cooperative like other marine plants. Third, the price of Ecklonia cava should be at least 1,729 won per kilogram under 4.04% of capital cost for economic feasibility of Ecklonia cava aquaculture business. Finally, the results of sensitivity analysis show that there is economic feasibility of Ecklonia cava aquaculture business when the price of Ecklonia cava is more 2,500 won per kilogram and the capital cost is under 8.0%.

Keywords

References

  1. Fishery Economic Institute(FEI)(2009), Cultivating fishery management investigation results.
  2. Hong, J. H., Son, B. S., Kim, B. K., Chee, H. Y., Song, K. S., Lee, B. H., Shin, H. C. and Lee, K. B. (2006), "Antihypertensive Effect of Ecklonia cava Extract, Korean Journal of Pharmacogn, 37(3), 200-205.
  3. Jeju Sea Fisheries Research Institute/National Fisheries Research & Development Institute(JSFR/NFRDI) and Jeju Special Self-Governing Province(JSSP) (2008), A report on seaweed forest creation project in Jeju sea of 2006 and 2007.
  4. Kang, S. K. (2010), Economic analysis of marine algae "Ecklonia cava cultivation," Jeju Sea Fisheries Research Institute/National Fisheries Research & Development Institute(JSFR/NFRDI).
  5. Kang, S. K. (2011), "Economic analysis of the seaweed forest creation project: the case of Jeju Woo-do Seokwang-ri," The Journal of Fisheries Business Administration, 42(1), 37-55.
  6. Kam, L. E., Leung, P. S, & Ostrowski, A. C. (2003), "Economics of offshore aquaculture of Pacific threadfin(Polydactylus sexfilis) in Hawaii," Aquaculture, 223, 63-87. https://doi.org/10.1016/S0044-8486(03)00162-5
  7. Kim, S. B. (2009), Public investment analysis. National Fisheries Research & Development Institute
  8. (NFRDI)(2007), A report on examining the capture exhibition rule of fishery products, 151-153.
  9. Ryu, J. G., Lee, S. W. and Hwang, J. W. (1998), "A study on the economic effects of artificial reefs ?In case of Suwoo-do artificial reefs," The Journal of Fisheries Business Administration, 29(2), 177-197.
  10. Hwang, J. W., Lee, K. H. Jeong, D. S. and Kim. K. S. (2005), "A economic effects of fish seed release," The Journal of Fisheries Business Administration, 36(1), 121-138.

Cited by

  1. Analysis of Economical Validity about Offshore Cage Culture for Cod vol.28, pp.6, 2016, https://doi.org/10.13000/JFMSE.2016.28.6.1724
  2. Interactive Effects of Increased Temperature and pCO2 Concentration on the Growth of a Brown Algae Ecklonia cava in the Sporophyte and Gametophyte Stages vol.37, pp.3, 2015, https://doi.org/10.4217/OPR.2015.37.3.201
  3. Analysis of Operational Plan and Economical Validity in Aquacultural for Contingency Red Tide vol.47, pp.3, 2016, https://doi.org/10.12939/FBA.2016.47.3.035