This paper examines the trend of restructuring and direction of management response in the Large Purse Seine Fishery. The large-scale fishing industry is one of the most popular fishing areas in the coastal area, and it has been developed by providing exclusive supplies of many types of catchy fish, such as mackerel and horse mackerel through physical productivity in fleet operations. However, the Large Purse Seine Fishery has been declining in profitability due to the deterioration of the business environment since 2000. It is at a crossroads whether it will disappear or regenerate as it is. The Large Purse Seine Fishery's current problems are: firstly, the continued deterioration of the fishery business balance and worsening labor problems, secondly, insufficient freshness management and quality control after landing, and thirdly, import competition. The fourth is the intensification of the market competition, which is the evolution of fishing variability and the increase in the proportion of small fish. The fifth is the reduction of the operating fishing ground due to the suspension of mutual fishing in Korea and Japan. To address these problems and suggest management response directions for the survival of large-scale fishing businesses is as follows. First, a sustainable production system should be established through strengthening resource management and promoting international fisheries cooperation. Second, the profitability of fishing management should be improved by introducing a low-cost supplier system and securing a stable labor force. Third, we should improve the leading and quality control of catch, improve the high value-added value of catch through brand development, and secure competitive advantage with imported produce. Finally, the government should establish a cooperative system among private sector, government, and research institutes to push ahead with these tasks and strengthen the competitiveness of the front and rear industries.

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 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.

This study investigated the difference of the effects of public loan programs in fishery industry on management performance from a balanced score card (BSC) perspective depending on the type of loan, scale of fund, period of support and business category, using the financial data of fisheries firms having the balance of loan at the end of 2014. The key factors influencing credit rating change were also analyzed after public loan support. From a integrative perspective, results show that the firms supported by working fund have higher management performance than the firms supported by facility fund. The firms received large scale fund showed higher management performance than the firms received small scale fund. While management performance was decreasing or slowing down over time after financial support, management performance of the firms supported by facility fund improved over time. From a non-financial perspective, the firms received facility fund invested more in education and growing perspective than the firms received working fund. As the size of fund increased, the investment in education, growing, internal process and customer increased. Personnel expenses and employee benefits for education and growing has increased over time. However, the firms with facility fund restricted the expenses of education, personnel expenses and employee benefits as time goes by. Because the effects of public loan on credit rating of fisheries corporations have no statistical significance, it has become known that the financial support of public loan program has no influence on the change of credit rating of fisheries corporations. This study attempted performance analysis from a BSC perspective which combine factors of nonfinancial perspective with factors of financial perspective. Findings from this study suggest the direction of microscopic performance analysis of public loan in fishery industry.

According to the catch condition of Scomberomorus niphonius in autumn season affected greatly, the catch price for the set net fishery. Catch production and the selling price were relatively even except 2009 showing a great big blooming jellyfish of Nemopliema nomurai in 2008~2011. The fishing cost of the set net fishery in Yeosu has increased gradually by the decrease of catch production and unexpected environmental change like as jelly fish blooming. The increase of fishing cost diminished net income and caused a negative impact in profitability. The lowest Fisheries ratio of gross profit to gross costs the set net fishery were appeared 60.2% in 2010, respectively.Bycatch was highest in 2008 and lowest in 2009. In general, the bycatch was occurred from May to July every year and when Scomber japonicus was most dominant in the catch price by bycatch had a advantage in the profit side. However, the catch increase of immature small fishes by the bycatch, which will bring about the decrease of fisheries resources. Finally, the present state in set net fisheries will act as a defect on the long-term management of fisheries resources.

In this study, we conducted field surveys to investigate and analyze species and length composition of catch from gape net with wings being set in two areas - Masari, Supomri - located in southern part of Jin-do for understanding fishing characteristics of gape net with wings fishery from March to September of 2011. And with those results, we attempted to propose fishery management strategy to harvest fisheries resources continuously. Catch obtained from field surveys comprised total 78 species, which accounted for 53 species of fish, 20 species of crustacean, 4 species of cephalopod and one of polychaete. As to species composition in weight, it showed that there was 88.5% for pisces, 9.0% for cephalopoda and 2.5% for crustacea. As to catch specifics by area, there was 36 species (596,891 individual, 456,551g) of pisces, 17 species (35,815 individual, 12,909g) of crustacea and 3 species (2,876 individual, 3,004g) of cephalopoda in Masari area. In Supumri area, there was 41 species (396,898 individual, 281,457g) of pisces, 15 species (16,113 individual, 7,772g) of crustacea and 4 species (6,792 individual, 72,329g) of cephalopoda and one polychaeta (36 individual, 11g). Catch of anchovy by month recorded on high level on June, July, September in both areas. When considering size composition by month, it was found that new populations recruit to these fishing grounds on June and September. Most of bycatch species including hairtail (Trichiurus lepturus), dotted gizzard shad (Konosirus punctatus), conger eel (Leptocephalous), Pacific sandlance (Ammodytes personatus), horse mackerel (Trachurus japonicus) were juvenile, and grass puffer (Takifugu niphobles), Kammal thryssa (Thryssa kammalensis), Japanese sardinella (Sardinella zunasi) were also small in size. As a result, it is considered that gape net with wings fishery which is likely to catch juvenile needs to be set fishing prohibit period for conserving above stocks during the period excluding main fishing periods of anchovy or fisheries management such as expanding mesh size for preventing juvenile catch.

The market-based fisheries resources management system was reviewed and the improvement scheme was studied for seeking the sustainability of marine ecosystems and their fisheries resources. A demand-side policy is currently emerging to the management of fisheries resources by reducing over-exploitation, based on the consumer's selection. The role of consumers in the sustainable fishery was studied by comparing the social responsibility and consumer's activity between Korea and foreign countries and international NGO groups, based on the FAO guideline. The adoption of the Marine Stewardship Council (MSC)'s eco-labelling certificate was suggested by expanding the existing environment-friendly certification system in Korea. This new system will contribute to the protection of young immature fish and spawners in coastal and offshore fisheries as well as to the international trade of seafood in terms of fish products from well-managed fisheries. It is noted that the consumer's activities in the markets as regulators will contribute to the ecosystem health and sustainability.