In this study, the differences of institutional development processes of fishery products wholesale markets were compared between Korea and Japan in order to suggest improvement direction of trading system in Korea. The wholesale markets have shrunk while wholesale and distribution has been becoming larger in size in both countries. A summary of differences in the wholesale market trading systems between Korea and Japan is as follows: first, middle wholesalers play pivotal roles in wholesale transaction in Korea, and wholesale corporations take such roles in Japan. Second, most wholesale corporations take charge of listing in Korea whereas such corporations are in charge of buying in Japan. Third, Korea has high proportion of auction for transactions, in contrast to Japan with high proportion of relative transactions. Forth, Korea maintains more sales within the wholesale markers and has more small and medium customers than Japan. Finally, Korea investigates inside causes to find solutions for the decreased competitive power of the wholesale market, whereas Japan copes with the problem by searching for outside customers. To seek solutions for the decreased competitiveness of Korean fishery products wholesale markets, middle wholesalers’ consignment should be limitedly allowed, and improvement direction of wholesale corporations should be investigated in the future study.

We explore each of the three major domestic fishery product markets in South Korea- Frozen Squid, Frozen Hair tail and Dried Anchovy- to assess whether we can find evidence for Law of One Price (LOP) across the five major cities- Seoul, Dae-Jeon, Dae-Gu, Gwang-Ju and Busan. To achieve our aim, we utilize two different types of unit root tests: Augmented Dickey-Fuller (ADF) and Kwiatkowski-Phillips-Schmidt- Shin (KPSS) unit root test. In each of the three fishery product markets, we find evidence in support of LOP among several cities, which confirms that these markets are integrated to a certain extent. In particular, we find stronger evidence of LOP for Dried Anchovy market relative to the other two fishery product markets. Based on our findings, we argue that the Dried Anchovy market exhibits a greater degree of market integration across the five major cities in South Korea compared to the other two fishery product markets. The greater degree of market integration in the Dry Anchovy market is facilitated by its higher substitutability across cities; taken together these findings show that the market for Dried Anchovy in South Korea is more efficient than the markets for Frozen Squid and Frozen Hair tail.

This study examines whether or not the South Korean major fishery product import markets; Frozen Pollock, Frozen Long Arm Octopus, and Frozen Hairtail are integrated. We are utilizing the Multivariate and Bivariate Johansen Co-integration test to see if the law of one price(LOP) holds in each market or not. The empirical results show that even though import prices from different countries affect each other in each South Korean major fishery product import market, there is no evidence of LOP in any fishery product import market, which means that none of the markets are integrated. Based on these results, we could expect that the three major fishery product import markets show monopolistic competition among import countries. we would also see whether or not any country plays the role of a price leader in any of the markets. Based on weak exogeneity test results, we might expect that the United States and Malaysia are price leaders in the South Korean Frozen Pollock Import Market and Frozen Long Arm Octopus Import Market, respectively; however, we need to study more on this in the future.

2001년 1-12월 서울시 가락농수산물시장에서 총 951건의 수산물(어류 34종 468건, 패류 17종 373건, 갑각류 10종 39건 그리고 두족류 등 11종 71건)을 대상으로 중금속 함량[average(minimum∼maximum), Unit:㎎/㎏]을 분석한 결과, Hg 0.025(N.D.∼0.19), Cd 0.288(N.D.∼1.85), pb 0.227(ND∼1.68)이었다. Hg의 경우, 패류[0.003((N.D.∼0.19)]>두족류 등[0.026(N.D.∼0.11)]>갑각류[0.026(N.D.∼0.09)]>어류[0.018(N.D.∼0.19)]순이었고, 가장 높은 함량은 미꾸라지(0.19)와 꼬막(0.19)이었으며, Pb의 경우 패류[0.223(N.D.∼1.38)]>어류[0.213(N.D.∼1.68)]>두족류 등[0.151(N.D.∼0.39)>갑각류[0.144(N.D.∼0.44)]순이었고, 가장 높은 함량은 미꾸라지(1.68)>빙어(1.44)>바지락(1.38)>뱀장어(1.35) 순이었다. 한편, Cd의 경우 패류[0.288(N.D.∼1.85)]중 가장 높은 함량은 꼬막(1.85)이었다.

This study was concentrated that the contents of heavy metals were estimated from 782 samples of sold fisheries in Seoul(33 species in fishes, 15 in bivalves, 12 in crustaceans and 10 in others) by Atomic Absorption Spectrometer. The contents of As, Cd and Pb [minimum-maximum (mean)] were N.D.-0.162 mg/kg(0.021), 0.001-0.120 mg/kg(0.014) and 0.015-0.499 mg/kg(0.111) in fishes, 0.003-0.311 mg/kg(0.052), N.D.-1.905 mg/kg(0.182) and 0.013-0.462 mg/kg(0.138) in bivalves, N.D.-0.328 mg/kg(0.042), 0.002-1.113 mg/kg(0.079) and 0.006-0.510 mg/kg(0.109) in crustaceans, N.D.-0.181 mg/kg(0.024), 0.001-0.214 mg/kg(0.033) and 0.010-V0.877 mg/kg(0.118) in others respectively, bivalves were the highest than others. The average weekly intakes of three metals from sold fisheries took about 1.4-26.4% of PTWI (provisional tolerable weekly intakes) that FAO/WHO Joint Food Additive and Contaminants Committee had set to evaluate their safety.

The research aims to study the relationship between export performance and stock return of Vietnamese fishery companies. To conduct this study, quarterly data was collected for period from 2010-2018 of 13 fishery companies listing in Ho Chi Minh Stock Exchange (HOSE) and Ha Noi Stock Exchange (HNX). The export performance was measured by export intensity, export growth and export market coverage. In addition, interest rate, exchange rate, GDP, firm size, profitability, and financial leverage were considered as the control variables in the research model. Panel data analysis with Generalized Least Squares model was employed to estimate the predictive regression. The findings indicated that export intensity and export growth have a significant and positive relationship with stock returns. However, export market coverage has not a significant relationship with stock return at the 0.05 level. Profitability, financial leverage, and exchange rate have a positive relationship, while interest rate and GDP have no relation to stock return at the 0.05 significance level. The findings imply that investors should consider the export intensity instead of export growth and export market coverage as selecting stock of fishery exports firms to invest; managers should increase export intensity to increase company’s stock price or firm market value.