• The Journal of Fisheries Business Administration
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• v.43 no.3
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• pp.23-30
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• 2012

This study aimed to analyze the economic feasibility of Mackerel offshore aquaculture production performance in Jeju region, Korea. Based on the collected biological, costs and market price data, farming revenue and expenses during the farming period were evaluated, and the net present value and the internal rate of return of a 10-year cash inflow and cash outflow were estimated to determine the economic feasibility of Mackerel offshore aquaculture production system. Model results indicated that the Mackerel offshore aquaculture production performance would have high profitability under the current production and market situation. This is because of the relatively high survival rate, relatively low feed conversion ratio and good market prices. However, sensitivity analyses of main important biological and economic variables showed that the economic viability of Mackerel offshore aquaculture production system would be highly vulnerable to production and market condition changes.

• Journal of Fisheries and Marine Sciences Education
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• v.21 no.3
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• pp.335-346
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• 2009

Offshore-aquaculture is a new idea, has emerged as an alternative method, which can minimize the damage to the natural disaster due to the environment pollution by the fish farming activities in the coast and overcome the problems of vicious cycle in fish farming management. On the other hand, as the current fish farming laws and institutions focus on the support for offshore-aquaculture, having the limit to revitalizing and supporting the fish farming business in the open sea, it is necessary to amend the laws and institutions related to fish farm. We should be establish in connection with offshore-aquaculture, after the study aims at examining the foreign laws and institutions in such countries as USA and Norway, establishing the methods for the future laws and institutions of open sea fish farm through the analysis of the issues and controversies in the process of enactment in Korea.

• Journal of fish pathology
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• v.34 no.2
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• pp.243-248
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• 2021

Offshore wind power generation is an energy generation field that is rapidly developing owing to the increasing demand for clean energy. However, the physiological response of fish to the underwater noise generated during construction or operation of wind turbines is unclear. We confirmed the effects of sound pressures of 125, 135, 145, and 155 dB/µPa, including 140 dB/µPa (the standard sound pressure for noise damage recognition in South Korea), through serum analysis in rock bream (Oplegnathus fasciatus). High mortality induced by reduced immunity through artificial infection after stimulation was confirmed. These results suggest that rock bream is negatively affected by the noise generated during the construction of offshore wind power plants.

• Korean Aquaculture
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• v.19 no.1
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• pp.31-33
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• 2007

• The Journal of Fisheries Business Administration
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• v.39 no.2
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• pp.109-123
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• 2008

This study is aimed to establish an investment decision model for offshore aquaculture project of rock bream in Korea using a certainty equivalent method (CEM) based on the expected utility theory and to investigate its economic viability under risk and uncertainty. In the analysis with CEM, the effects of risk attitude and risk level on investment and risk premium were examined and the impacts of various risk and uncertainty factors on the investment decision were also assessed. In addition, the outcomes were compared to those evaluated by the traditional net present value (NPV) method. Results show that risk premium grew as the investors became more risk averse and uncertainty level (the variance of NPV) increased. Consequently, the certainty equivalent value was predicted to decrease from the value assessed by the traditional NPV method.

• Journal of the Korean Society of Industry Convergence
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• v.23 no.2_2
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• pp.351-359
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• 2020

The algae biomass is considered as one of the potential sources of ocean renewable energy because it can be easily mass-produced with abundant sunshine in the vast ocean space. However, the practical use of the biomass has been hindered by the lack of efficient and cost-effective harvesting and maintenance system so far. The algae biomass aquaculture systems are installed in far offshore locations in much larger scales compared to the conventional aquaculture systems so that the automatic seaweed planting and harvesting system needs to operate in heavy sea conditions in far offshore location. In this research, we develop a concept design of a mega-scaled aquaculture system and an automatic seaweed planting and harvesting system, which can operate in heavy seas and mass-produce the algae biomass.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.33 no.5
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• pp.179-186
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• 2021

We need measures that can come up with alternative about fishery living zone and enhance local acceptance for responding to the increase in the proportion of renewable energy production and construction of 12GW Offshore wind power according to Korea's Renewable Energy 3020 initiative and Korean-version New Deal. In this study, We suggest that differentiation plans of co-location model in connection with offshore wind power generation suitable for the East Sea. The East Sea is an optimal site for building of a floating offshore wind power generation(FOWPG) field. It is expected that economic effects like energy production, aquatic resource development and tourism industrialization by farming bluefin tuna which is high valued fish and suitable for offshore aquaculture on public waters in FOWPG field. And we can confirm that budget reduction, smart management by sharing operation management technology and increase in fishermen income.

• Journal of Fisheries and Marine Sciences Education
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• v.20 no.1
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• pp.23-35
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• 2008

The purposes of this study are to analyze problems in industrial classification of fisheries in Korea and to suggest future directions. Based on a thorough review of relevant literature, the study proposes a five-level scheme for classifying fisheries. The highest level should be the fisheries industry, and the next highest level ought to be fisheries. The medium level should include fishing, aquaculture, and fishery service industries. At the fourth level, fishing is to be further divided into sea fishery and inland fishery, aquaculture into sea-surface aquaculture and inland aquaculture, and fishery service industries into integrated fishery service and fishery distribution service. The lowest level is the most detailed. At this level, sea fishery is split into deep sea fishery, offshore fishery, and coastal fishery; sea-surface aquaculture consists of sea aquaculture, seed production aquaculture, and food organism aquaculture; integrated fishery service is further classified into fishery-related service and fishery information service.

• ALGAE
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• v.32 no.1
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• pp.1-13
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• 2017

Seaweed aquaculture technologies have developed dramatically over the past 70 years mostly in Asia and more recently in Americas and Europe. However, there are still many challenges to overcome with respect to the science and to social acceptability. The challenges include the development of strains with thermo-tolerance, disease resistance, fast growth, high concentration of desired molecules, the reduction of fouling organisms and the development of more robust and cost efficient farm systems that can withstand storm events in offshore environments. It is also important to note that seaweed aquaculture provides ecosystem services, which improve conditions of the coastal waters for the benefit of other living organisms and the environment. The ecosystem services role of seaweed aquaculture and its economic value will also be quantitatively estimated in this review.

• Journal of Ocean Engineering and Technology
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• v.33 no.6
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• pp.648-656
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• 2019

The ecological changes in the ocean due to the drastic global warming require that action be taken to sustain the productivity of fisheries. Proper ocean facilities could help prevent the loss of the expenditures made on marine aquaculture and reduce the related compensation for various ocean conditions. The aim of this study was to develop a floating ocean wave-breaker using an eco-friendly concrete and conducting a site survey, a structural analysis, and a test of towing the tank. As a result, the wave at the fish farm would be reduced. The results of the holding power of anchors and the capability of moving the floating structures were considered in the design of the wave-breaker. The analyses of the material properties of concrete and the steel structures, as well as the CAPEX and OPEX analyses of the manufacturing and operation processes confirmed the superiority of the floating concrete wave-breaker. In particular, this study demonstrated that the concrete floating breakwater can protect the fish farm against typhoons and reverse-waves, thereby reducing losses of the fish.