This study is aimed to figure out the productivity and variability of cage-aquaculture changes. According to the analysis, the productivity of major fish species has been increasing, except mullet. Although the regional productivity has decreased in the last two years, it has been on the rise considering as a whole. Gyeongsangnam-do showed the highest level of productivity by region. Productivity by species was also higher than other regions in the cases of rock fish, mullet and sea bream followed by productivity of Chungcheongnam-do. The production of marine cage-culture in Jeollanam-do is the second largest in Korea in value/weight while its productivity is lower than that of Chungcheongnam-do. When it comes to comparison by region, Gyeongsangnam-do shows the lowest productivity variation. And Jeollanam-do shows the second-lowest variation in productivity that is only about half of that of Chungcheongnam-do province. Thus, it is found that Jeollanam-do region has an advantage in management stability while its productivity is low. On the other hand, productivity by species was also analyzed. Gyeongsangnam-do has the highest productivity by species for rock fish, mullet and sea bream whereas rock bream productivity is the highest in Jeollanam-do. Therefore, it probably needs to reflect these results when choosing regional-focused incubation fish species.

This study is aimed to analyze the economic performance of black rockfish aquaculture by standardizing cost structures by region and farming size. The result of survey on farming and sale condition in each region, stocking density, survival rate, juvenile price, and unit production was the highest at Yeosu and Tongyeong, Heuksando showed the lowest. While rearing period was the longest at Tongyeong, the shortest region was Yeosu and Wando. In farming cost structure by region, amount of feeing was the highest at Tongyeong and Yeosu, and the lowest was Heuksando. Cost of medicine was high in Wando and Taean region, Yeosu and Hecksando was low. In case of farm size, feed cost ratio was high in the order of medium(0.75ha), small(0.25ha) and large(1.25ha) size. Standard production cost at every farm size of Heuksando showed the lowest among these regions. Taean and Yeosu was middle, and Tongyeong and Wando was the highest. According to the income, profit rate and investment return of farm size in all regions, as the bigger farm size, the higher income and profit rate was revealed. However, in case of Wando, Taean, and Heuksando which regions has high investment return, medium farm size was higher than large size. The result of economic analysis according to various factors, economic feasibility of black rockfish aquaculture in marine floating cage was showed significant changes by rearing and market condition.