The Journal of Fisheries Business Administration (수산경영론집)

The Korean Society of Fisheries Business Administration (한국수산경영학회)
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Economic Analysis based on Estimation of Optimal Facilities of Oyster Aquaculture in Jaran Bay

자란만 해역의 굴 양식어업 적정시설량 평가에 기초한 경제성 분석

  • Jung, Min-Ju (Research Cooperation Division, National Institute of Fisheries Science) ;
  • Paek, Jin-Ye (Research Cooperation Division, National Institute of Fisheries Science) ;
  • Yi, Ju-Hyun (Department of Marine Business and Economics, Pukyoung National University)
  • 정민주 (국립수산과학원 연구협력과) ;
  • 백진이 (국립수산과학원 연구협력과) ;
  • 이주현 (부경대학교 해양수산경영학과)
  • Received : 2018.11.28
  • Accepted : 2018.12.27
  • Published : 2018.12.31
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Abstract

Maintaining a certain level of fisheries production is due to the increase in aquaculture production. In recent years, aquaculture plays an important role in fishery production in Korea. Nevertheless, aquaculture should be carefully managed by regulations because it also causes environmental load which can threat sustainability of aquaculture. For this reason, Korean government has regulated density of culturing facilities with the Fisheries Law and its adjective decrees. The regulatory compliance of fisheries businesses is very low because the criteria for the regulation of the density were not enacted with scientific research. Thus, this research was aimed to obtain scientific criteria for the regulation of oyster aquaculture in Jaran Bay with economic assessment. For this research, we collected the data necessary for the assessment on five investigation points in the bay for two years. With the data, simulation for the growth rate of oyster was performed and the result showed that at least 25.5% of facilities should be reduced. Also, it was revealed that removing 2 long lines would be most beneficial. The NPV of the best measurement was 35,120,300 won and IRR was 11.7%. With this research, the government will gain more accurate regulatory compliance due to the scientific approach. Moreover, fisheries businesses in oyster aquaculture can obtain flexibility to cope with market fluctuation.

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