Although Korea operates various systems and policies for the management of fisheries resources, it is judged that a more systematic resource management policy is needed due to the continuous decrease in the production of coastal and offshore fisheries. In this study, the catch capacity was analyzed using the DEA technique for coastal and offshore fisheries. As a result, despite the decrease in the amount of fisheries resources and the number of fishing vessels, there was a trend of increasing fishing capacity. As of 2019, the total maximum catch of offshore fishery was estimated at 820,007 tons. The actual catch was 548,159 tons and the CU was measured to be about 66.8%, which was analyzed to be an excess of about 33.2% of the catch. The total maximum catch of coastal fisheries was estimated at 187,887 tons. The actual catch was also the same value and the CU was measured to be about 100.0%. Thus, it was analyzed that there was no excess in catch. For the management of fisheries resources, it is necessary to manage the fishing capacity. To this end, policies such as scientific TAC should be promoted as well as expanding the reduction of fishing vessels.

In this study, internationally widely utilized bioeconomic models were used to make a comparison and analyze the effectiveness of red snow crab fisheries management measures. As a specific effect analysis, biological and economic effects of both total allowable catch (TAC) and effort reduction management measures were analyzed simultaneously. Model results showed that the red snow crab biomass would be decreased from 106,000 tons to 73,076 tons after ten years when the TAC is set to and maintained at the current level of 26,000 tons. The amount of biomass would be increased to 125,316 tons when the level of TAC is set to 22,000 tons. In cases of reduced fishing efforts, a 30% decrease from the current level would result in greater biomass and NPV would be also estimated at the highest level. In addition, a sensitivity analysis by market price was conducted to analyze the minimum TAC level of the red snow crab offshore pot fishery. Results showed that the minimum TAC level would be 8,210 tons when the market price increased by 30% and it would be also 15,247 tons when the market price decreased by 30%. Furthermore, results of the sensitivity analysis by fishing cost showed that the minimum TAC level was analyzed to be 13,857 tons when the fishing cost increased by 30% from the current level.

In this study, the Bayesian state-space model was used for the stock assessment of the Blackfin flounder. In addition, effective measures for the resource management were presentedwith the analysis on the effectiveness of fisheries management plans. According to the result of the analysis using the Bayesian state-space model, the main biometric value of Blackfin flounder was analyzed as 1,985 tons for maximum sustainable yield (MSY), 23,930 tons for carrying capacity (K), 0.000007765 for catchability coefficient (q) and 0.31 for intrinsic growth (r). Also the evaluation on the biological effect of TAC was done. The result showed that the Blackfin flounder biomass will be kept at 14,637 tons 20 years later given the present TAC volume of 1,761 tons. If the Blackfin flounder TAC volume is set to 1,600 tons, the amount of biomass will increase to 16,252 tons in the future. Lastly, the biological effectiveness of the policy to reduce fishing effort was assessed. The result showed that the Blackfin flounder biomass will be maintained at 13,776 tons if the current fishing efforts (currently hp) level is set and maintained. If the fishing effort is reduced by 20%, it will increase to 17,091 tons in the future. The analysis on the economic effect of TAC showed that NPV will be the lowest at 1,486,410 won in 2038, 20 years after the establishment of 2,500 tons of TAC volume. If the TAC volume is set at 2,000 tons, NPV was estimated to be the highest at 2,206,522,000 won. In addition, the analysis on the economic effect of the policy to reduce the amount of fishing effort found that NPV will be 2,235,592,000 won in 2038, 20 years after maintaining the current level of fishing effort. If the fishing effort is increased by 10%, NPV will be the highest at 2,257,575 won even thoughthe amount of biomass will be reduced.

The primary purpose of this paper is to introduce the cases of fishery co-management, particularly in Korea. In recent, the fishery co-management between the government and fishermen has been brought an important shift of paradigm in a part of Korean fishery management policy. In case of Korea fisheries area, three fisheries cooperatives(which refer to purse sein fishery, trawl fishery, stow net fishery) have a minority of co-management programs. Generally, the main method of fishery co-management programs is ‘Fishery Closures’ among the programs, and others are restriction of fishing gear and fishermen educations. In spite of the efforts and time consumes of Korean government and fisheries cooperatives, much to our regret that it is hard to confirm visible results in an increased amount of fisheries resources so far because of the time constraint, namely fishery co-management programs have been conducted just since two to three years before. However, what’s certain is that fishery co-management programs make it possible to positively effect on both of area in fishermen and fisheries resources. Accordingly, it is necessary that Korean government and fishermen should extend the fishery co-management to other fishery areas as soon as possible we can in order to efficiently reduce administrative costs and effectively reserve fisheries resources.

The major purpose of this study is to find and analyze the characteristics of Fisheries Business Administration Research based on using social network analysis. This study examines every paper of The Journal of Fisheries Business Administration from 2007 to 2016. This study analyzes fisheries business administration research through bibliometric data including research trends, researcher characteristics, and key words. The 229 source articles are all papers published from 2007 to 2016 in The Journal of Fisheries Business Administration in Korea. Comparing with previous research, the major research areas of Korean fisheries business administration have a little changed and the topics of recent research are much diversified. Through basically based on frequency analysis and SNA(Social Network Analysis) method, most of the bibliographical characteristics were founded. And based on the result of this study showed that 1) increasement on number of researcher and organization 2) climate change and economic related topics are most popular terms 3) DEA is most adopted methodology in recent papers 4) joint research among the organizations has somewhat been increased 5) human resource management, history of fisheries management and education still have been conducted in terms of sustainability.

In order to manage and rebuild fishery resources, the fishing effort should be controlled effectively. Especially in the setting up of the proper level of fishing efforts, economic standards as well as biological standards must be carefully considered to promote the sustainable and economically viable development of fisheries. This study aimed to analyze the optimal economic fishing effort (EMEY) as the most economically efficient one for the Eastern Sea Danish seine fisheries. The results showed that the optimal economic fishing effort (EMEY) of Eastern Sea Danish seine fisheries for blackfin flounder should be reduced by about 27%. That is, reducing fishing efforts up to the level of EMEY could lead to the reduction of fishing costs, thereby resulting in the increased fishing profits.

Most of the changes that make paradigm shift have been involved international level problems related to environment, resource and structure problems in these days. Resolving those common issues the United Nations Food and Agriculture Organization(UN FAO) has played most important role in fisheries with publishing the series of the technical guidelines for responsible fisheries papers. The guidelines for responsible fisheries have introduced for applying the concept of sustainable development with considering overall changes in fisheries domains. And also have objectives that establishing the discipline of fisheries worlds. Although these papers are remarkable, there is still few research or education contents of them in Korea. Fisheries business administration is a kind of social science that influenced by environmental, social changes so called paradigm shift. So one of the most important thing that has the education of sustainable development is accommodation or adaptation of them with grasping the phenomenon continuously. The aims of this study are exploring the FAO’s the technical guidelines for responsible fisheries documents and contents of college’s fisheries business administration and finding out the overall systematic topics and themes of fisheries business administration education. The result of this study shows that the contents of fisheries business administration did not including the concept of responsible fisheries even were out of date in using statistical data. And there is some missing issues that including fisheries policy, resource management, and related law should be enhanced. This study suggests the framework of fisheries business administration with comparing analysis on FAO’s document and college’s course of study in Korea. The proposed framework of major topics of fisheries business administration that still needed to be improved should be a milestone of understanding and debating the core factors of fisheries business administration education and research.

The WCPFC CMMs related to tropical tunas have been strongly restricting fishing capacity and operating activities of main fisheries, especially purse seine fishery. In terms of changes in fishing trend by implementing relevant measures of FAD set, the number of FAD set by Korean purse seine fleet showed a decreasing pattern with the lowest level of FAD set proportion among major distant water fishing nations. With regards to the FAD closure, there was no significant change in fishing effort but a drop in catch, especially bigeye tuna during the period of FAD closure. Moreover, it showed closely similar trends between the number of FAD set and bigeye tuna catch. In terms of measures related to the high sea area including a ban on fishing on the HSP and limitation of fishing days on the high sea by flag state, proportions of catch and effort on the high sea had sharply declined after implementing those measures. As relevant measures are expected to be strengthened, it should pay attention to change of coastal nations policies and focus on improving fishing efficiency of unassociated school set with multi-pronged efforts.

Yield per recruit model is the most popular method for fisheries stock assessment. However, stock assessment using yield per recruit model can lead to recruitment overfishing as this model only considers the maximum yield per recruit without spawning biomass for reproduction. For this reason, spawning biomass per recruit model which reveals variations of spawning stock biomass per fishing mortality (F) and age at first capture (tc) is considered as more proper method for stock assessment. There are mainly two methods for spawning biomass per recruit model known as age specific selectivity method and knife– edged selectivity method. In the knife–edged selectivity method, the spawning biomass per recruit has been often calculated using biomass per recruit value by multiplying the maturity ratio of the recruited age. But the maturity ratio in the previous method was not considered properly in previous studies. Therefore, a new method of the knife–edged selectivity model was suggested in this study using a weighted average of the maturity ratio for ages from the first capture to the lifespan. The optimum fishing mortality in terms of F35% which was obtained from the new method was compared to the old method for small yellow croaker stock in Korea. The value of F35% using the new knife–edged selectivity model was 0.302/year and the value using the old model was 0.349/year. However, the value of F35% using the age specific selectivity model was estimated as 0.320/year which was closer to the value from the new knife–edged selectivity model.

This study aimed to empirically investigate the applicability of ecosystem-based TAC (Total Allowable Catch) fisheries management targeting the large purse seine fishery where multi-species are regulated by TAC. Using a linear programming, the optimal fishing effort and the catch amount by species which maximize fishing profits were analyzed under the constraint condition of catch limits by species. Analytical results showed that an application of TAC on only chub mackerel would have negative impacts on fish stocks such as hairtail and jack mackerel by increasing the level of fishing effort to achieve its allocated catch limit. However, under the constraint condition of catch limits of all species, it was shown that optimal catches of all species were achieved within their catch limits. It implies the importance of ecosystem-based management considering biological and technical interactions of species those were excluded in the traditional single species fisheries management.

This study aimed to examine the applicability of a portfolio approach to the ecosystem-based fisheries management targeting the large purse seine fishery. Most fisheries are targeting multispecies and species are biologically and technically interacted each other. It enables a portfolio approach to be applied to find optimal production of each species through expected returns and risk analyses. Under specific assumptions on the harvest quota by species, efficient risk-return frontiers were generated and they showed a combination of optimal production level. Comparisons between portfolio and actual production provided a useful information for targeting strategy and management. Results also showed the possibility of effective multispecies fisheries management by imposing constraints on each species such as total allowable catch quotas.