This study investigated the initial capital trend of newly-established fisheries companies during the Japanese occupation period. The initial capital size of fisheries companies provides information about the viability of the fisheries companies as well as the utilization intensity of fisheries resources. According to the analysis results, the average initial capital size of fisheries companies was larger in the enforcement period of “Chosun Company Ordinance” than in its abolition period. The initial capital size of the Chosun-capital fisheries company was smaller than that of the Japanese-capital fisheries company during the Japanese occupation period. The number of new fisheries companies funded by Chosun capital was less than the number of new fisheries companies funded by Japanese capital. Therefore, it could be seen that the Japanese fisheries companies had stronger dominance in the fisheries sector than the Chosun fisheries companies during the Japanese occupation period, and that Japanese fisheries companies were more viable than Chosun fisheries companies.

Abstract
I. 서 론
Ⅱ. 수산회사의 자료 수집 및 분류
    1. 수산회사의 자료 수집
    2. 자본국적별 수산회사 분류
Ⅲ. 신설 수산회사의 초기 자본금 변동 분석
    1. 지역별 신설 수산회사의 수와 초기 자본금 차이
    2. 「조선회사령」 존폐기별 초기 자본금 변동
    3. 자본국적별 초기 자본금 규모의 차이
Ⅳ. 신설 수산회사의 초기 자본 편중성 변동 분석
    1. 「조선회사령」 존폐기별 초기 자본 편중성 변동 분석
    2. 자본국적별 초기 자본 편중성 변동 분석
Ⅴ. 결 론
REFERENCES

• 김진백(동명대학교 유통경영학과 교수) | Jin-Baek Kim (Professor, Department of Distribution Management, Tongmyong University) Corresponding author