Korean fisheries: Policies, stock assessment and compliance issues

Jong-Oh Nam, University of Rhode Island


The first manuscript examines the status and trends of the current Korean fisheries management regime. Specifically, this paper describes the Korean conventional fisheries management regime and discusses its problems and limitations. In describing policy evolution, I find reasons why the Korean government has chosen a TAC system, an output control approach, besides input control approaches which have been in force for almost a century. Also described is evolution of the Korean TAC system, which plays a pivotal role in Korean fisheries development. Finally, I give a perspective on expanding the Korean TAC system toward Output Control Systems. ^ This second manuscript contains a Total Allowable Catch assessment model for a single species and multiple gears that is an improvement on single species and single gear TAC assessment. A case study is included for a hairtail species caught mainly by the Korean pair and large otter trawls. A surplus production model based on the exponential growth model is used to estimate biological reference points, including maximum sustainable yield and acceptable biological catch. Fishing efforts for the two gears are standardized and used in a general linear model. The Fox bioeconomic model is then used to estimate an economic reference point, including maximum economic yield. Finally, comparing this approach to the common TAC assessment model, the paper suggests a new TAC assessment model for the single species and the multiple gears. ^ This third manuscript provides a theoretical approach to the New Zealand's Catch-Balancing Regime with a reporting requirement under the Individual Transferable Quota system. The enforcement strategy depicted draws on recent literature regarding practical applications of the Revelation Principle. New Zealand's use of CBR-specific instruments such as deemed values, remains to be improved. However, some of its features can constitute a valuable example for regulators seeking to improve their methods of dealing with issues as bycatch or overfishing in order to maintain Total Allowable Catch levels under emerging ITQ systems. The enforcement strategy analyzed has the potential to provide a more sustainable and efficient management of the fish stock, reduce discarding and stabilize monitoring costs, while improving the level of reporting compliance. ^

Subject Area

Economics, General|Economics, Agricultural|Agriculture, Fisheries and Aquaculture

Recommended Citation

Jong-Oh Nam, "Korean fisheries: Policies, stock assessment and compliance issues" (2007). Dissertations and Master's Theses (Campus Access). Paper AAI3298374.