Min-Woo Park

An Economic Analysis of Black Rockfish, Sebastes schlegeli in the Marine Floating Cage Culture

This study is aimed to analyze the economic performance of black rockfish aquaculture by standardizing cost structures by region and farming size. The result of survey on farming and sale condition in each region, stocking density, survival rate, juvenile price, and unit production was the highest at Yeosu and Tongyeong, Heuksando showed the lowest. While rearing period was the longest at Tongyeong, the shortest region was Yeosu and Wando. In farming cost structure by region, amount of feeing was the highest at Tongyeong and Yeosu, and the lowest was Heuksando. Cost of medicine was high in Wando and Taean region, Yeosu and Hecksando was low. In case of farm size, feed cost ratio was high in the order of medium(0.75ha), small(0.25ha) and large(1.25ha) size. Standard production cost at every farm size of Heuksando showed the lowest among these regions. Taean and Yeosu was middle, and Tongyeong and Wando was the highest. According to the income, profit rate and investment return of farm size in all regions, as the bigger farm size, the higher income and profit rate was revealed. However, in case of Wando, Taean, and Heuksando which regions has high investment return, medium farm size was higher than large size. The result of economic analysis according to various factors, economic feasibility of black rockfish aquaculture in marine floating cage was showed significant changes by rearing and market condition.

A Study on the Comparative Analysis of Business Performance of Abalone Seed, Haliotis discus hannai by Region and Farming Size in the Land-based System

This study is aimed comparative analysis for business performance of land-based ezo abalone (Haliotis discus hannai) seed farms by standardizing cost structures by region and farming size. The result of survey on average farming incomes by region showed that farming incomes in Haenam and Jindo regions were much higher than those in other regions. Followed by Wando region, incomes in other regions were analyzed to be relatively lower. It is shown that farming incomes became higher as farm size increased. Farming incomes per unit size which were modified from farming incomes by region were highest in Jindo region, followed by East sea region, Wando and Haenam regions. Incomes in Jeju and Yeosu regions were analyzed to be relatively lower. Results on farming incomes per unit size () showed that both farming incomes and profits became higher as size increased. It implies that a scale effectiveness might exist in case of land-based abalone culture system. Impacts of major factors on farming profits and returns on investment in abalone seed aquaculture are summarized as follow. First, only if the survival rate increased by 10% with improvement of component ratio, variable effects became largest. In variable effects of other factors, a variation in Jindo region was largest and on the other hand, a variation in Yeosu region was shown to be smallest.