This study is to evaluate economic value of the ecosystem service benefits of the marine forests provided to our society on the basis of the global standard valuation manual.
The main results of this study are summarized as follows: First, the ecosystem service benefits of marine forests are worth 771,121,551 won per hectare for a year in Korea. Second, when evaluating value based on the services benefits of the marine forests, as resource provisioning service, the annual value of the fishery potential production amounts to 58,512,271 won per hectare. The annual value of the environmental and regulatory services is estimated to total 29,574,000 won per hectare including 546,488 won per hectare for climate regulation, 85,342 won per hectare for pollution purification, and 28,942,170 won per hectare for erosion protection. The annual value of the culture and tourinsm services is estimated to total 15,317,647 won per hectare including 5,011,765 won per hectare for skin scuba service and 10,305,882 won per hectare for sea fishing. Also, the aunnual non-use value is estimate to 637,800,000 won per hectare. Third, assuming that the value of the sea forests increases proportionally to the unit area, the marine forests can be valued at 12.7 trillion won per year based on 12,208.2 hectares of marine forests creation area and 4,272.6 hectares of natural seaweed beds. Fourth, the total economic value of the marine forests can be estimated at 244 trillion won in 2016, if the value of the marine forests permanently continues in the future by applying 5.5% of the social discount rate.
The results of this study are expected to serve as a valuable information for improving awareness of the value of marine forests ecosystem and ensuring the validity of the marine forests creation policy by converting the value of the marine forests's ecosystem service into monetary units.

Abstract
 Ⅰ. 서 론
 Ⅱ. 바다숲의 생태계 서비스, 가치평가 및 선행연구
  1. 바다숲의 생태계 서비스 및 가치평가
  2. 선행연구
 Ⅲ. 바다숲의 가치평가 모형 및 기법
 Ⅳ. 바다숲의 경제적 가치 추정 결과
  1. 자원공급 서비스 편익의 가치
  2. 문화관광 서비스 편익의 가치
  3. 환경조절 및 생태계유지 서비스 편익의 가치
  4. 비사용 가치
  5. 바다숲의 연간 경제가치 및 총 경제 가치
 Ⅴ. 요약 및 결론
 REFERENCES

• 강석규(제주대학교 경영학과) | Seok-Kyu Kang (Department of Business Administration, Jeju National University) Corresponding author