• The Journal of Fisheries Business Administration
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• v.26 no.1
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• pp.41-54
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• 1995

Recently our government intended to change the present fisheries management system into the allocated catch quota system, which is to increase the income of fishermen and to recover the depleted resources up to a desirable level. This paper is to find out the difficulties of introducing the allocated catch quota system into our fisheries mangement system and to reduce the possible errors for the enforcement of this system. The allocated catch quota system can be devided by two kinds, the one is to allocate among industries or fisheries with total allowable catch(TAC) and the other is to allocate among fishermen or individual vessels with individual fish quota(ITQ). The latter is a much advanced control system compared with the former and is what this study treats. This paper reviewed the case of Newzealand and Canada where the ITQ system is introduced earlier and classified the problems by two parts for successful introduction into Korea as follows : (1) allocation method problems, (2) enforcement problems. For the first part the problems to be considered are 1) a scientific oath qouta calculation system is necessary, 2) the quota must be opened, 3) by-catch problems. 4) interactions with adjoining countries. For the second part the problems to be considered are 1) monitoring system, 2) quota transferability, 3) quota flexibility, 4) the enforcement of the system must be connected with the reduction of fishing power, 5) a mass communication and decision making system between government and fishermen is essential.

• The Journal of Fisheries Business Administration
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• v.46 no.1
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• pp.29-39
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• 2015

This study aimed to evaluate the TAC policy and to examine the effective annual TAC quota in the sandfish stock rebuilding plan using a bioeconomic modelling method. In the analysis, first, a sandfish bioeconomic model was developed by combining a sandfish stock population model and economic models by fishery and second, achieving stock rebuilding targets and changes of fishing revenues by the level of annual TAC quota were examined. Model results indicated that the TAC 1,500ton policy would have the greatest impact on the increase of sandfish stock biomass comparing to the status quo and other TAC policies. In addition, it was evaluated that the total fishing revenues of coastal gillnet and danish seine fisheries could be increased the most in the TAC 2,500ton policy. In both cases of TAC 3,500ton and 4,000ton, the fishing revenues of both fisheries were inversely reduced due to the decrease of catch by coastal gillnet and the decline of market prices by danish seine's excessive catch. Furthermore, they would have a negative impact on sandfish stock biomass.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.56 no.1
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• pp.1-6
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• 2023

Since 2019, Korea Ministry of Oceans and Fisheries has set the annual total allowable catch (TAC) by fish species, and has allocated the annual TAC into each fishery vessel. Also the Korea government plans to adopt the individual transferrable quota system in time. The TAC allocation is similar to the individual fishermen/fishing quota, which the US National Oceanic and Atmospheric Administration has implemented. However, the TAC based management faced fishermen's complaints and a debate is still underway about how to allocate TAC. Because the ideas of the Korea policy are from those in the foreign countries, I intended to provide the Korea fisheries community with an overview about how the TAC has been developed, what problem it caused, and foreign examples of how to allocate it. Furthermore, I pointed out a substantial room for improvement in their current practice of stock assessments, because, otherwise, their current methods for estimation of TAC by species cannot be trusted. Finally I made specific suggestions about what they need to do to reform their current stock assessments.

• Environmental and Resource Economics Review
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• v.17 no.4
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• pp.775-812
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• 2008

This paper provides a theoretical approach to the New Zealand's Catch-Balancing Regime (CBR) with a reporting requirement under the Individual Transferable Quota (ITQ) 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 (TAC) 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.

• The Journal of Fisheries Business Administration
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• v.45 no.2
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• pp.61-72
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• 2014

This study aimed to empirically investigate the applicability of ecosystem-based TAC (Total Allowable Catch) fisheries management targeting the large purse seine fishery where multi-species are regulated by TAC. Using a linear programming, the optimal fishing effort and the catch amount by species which maximize fishing profits were analyzed under the constraint condition of catch limits by species. Analytical results showed that an application of TAC on only chub mackerel would have negative impacts on fish stocks such as hairtail and jack mackerel by increasing the level of fishing effort to achieve its allocated catch limit. However, under the constraint condition of catch limits of all species, it was shown that optimal catches of all species were achieved within their catch limits. It implies the importance of ecosystem-based management considering biological and technical interactions of species those were excluded in the traditional single species fisheries management.

• Environmental and Resource Economics Review
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• v.12 no.4
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• pp.663-686
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• 2003

This study is aimed at analyzing the effectiveness of TAC policy using a bioeconomic model. A surplus-production model is used as a population dynamic model, from which the yellowedge grouper is estimated to be overfished. As a result, a 10-year rebuilding plan using the TAC policy is established. According to the result of model, under the well-enforced system, the target stock biomass is achieved during the rebuilding period. Especially, in order to accomplish the target stock biomass, the annual quota should be allocated much less than 342 tons that NMFS recommended. The NPV over a 25-year under the TAC policy Is predicted to be less than under the status quo. The economic gains under the variable-catch TAC policy is less than under the constant-catch TAC policy as the interest rate decreases, while the NPV under the constant-catch is greater than under the variable-catch TAC policy when the interest rate is high.

• The Journal of Fisheries Business Administration
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• v.36 no.3 s.69
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• pp.119-139
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• 2005

The purpose of this paper is to provide information that will help both fishing industry and fisheries authority understand the principals of individual transferable quota(ITQ) fishery management. Theoretical frameworks and primary features of ITQ fishery managemenet are the assignment of exclusive property rights for harvest of common - property fisheries resources. An ITQ fishery management is fundamentally different from the conventional fishery management and it gives an individual fisherman the right to catch a specified quantity of fish, his quota. With ITQ, fisherman's quotas are transferable, in whole or in part. An ITQ is a property with certain rights of use, namely, the right to catch a given quantity and species of fish in a specific location during a specific period of time. The right is exclusive in the sense that no one else has the right to use the quota without the owner's permission. The property may be assigned, traded, and exchanged; i.e., the owner has the right to transfer an ownership to others. An ITQ fishery management leads to both economic efficiency and resource conservation. Motivations to overexploit stocks and to overcapitalize should be lessened because fishermen no longer have to compete for limited resources. There are significant positive net benefits and advantages with ITQ fishery management than without. The potential benefits and advantages of ITQ fishery management include increased profits, economic stability, improved product quality, safer working conditions, less gear conflict, elimination of the race - to - fish phenomenon, less by - catch, less gear loss, improved investment climate, mitigation of market gluts, waste reduction, addition to fisherman's wealth, and compensation for fisherman exiting the fishery. As an independent observe to Red Crab Trap Fishery some of the benefits, problems, and effects, an ITQ fishery management in Red Crab Trap Fishery is still far from to be implemented. Many different and difficult aspects (biological, socioeconomics, administrative) are involved considering the implementation of ITQ fishery management in Red Crab Trap Fishery. Among other fishery management tools, the implementation of ITQ fishery management in Red Crab Trap Fishery is considered to be the best in achieving the better conservation of fisheries resources and their more economic and rational exploitation. Korean fisheries authority should pay great attention to the experience of the economic effects of the ITQ fishery management in Red Crab Trap Fishery in the hope of being able to implement at least some of those experiences into the Korean fishery management.

• The Journal of Fisheries Business Administration
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• v.45 no.1
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• pp.109-119
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• 2014

This study aimed to examine the applicability of a portfolio approach to the ecosystem-based fisheries management targeting the large purse seine fishery. Most fisheries are targeting multispecies and species are biologically and technically interacted each other. It enables a portfolio approach to be applied to find optimal production of each species through expected returns and risk analyses. Under specific assumptions on the harvest quota by species, efficient risk-return frontiers were generated and they showed a combination of optimal production level. Comparisons between portfolio and actual production provided a useful information for targeting strategy and management. Results also showed the possibility of effective multispecies fisheries management by imposing constraints on each species such as total allowable catch quotas.

• Ocean and Polar Research
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• v.25 no.4
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• pp.483-491
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• 2003

Since the red grouper was declared overfished, the Gulf of Mexico Fishery Management Council must prepare a rebuilding plan considering the following alternative management policies: a Total Allowable Catch (TAC), 5-month season closure, 1800-pound trip limit, and a 50-fathom longline boundary. This study was aimed at evaluating the effects of proposed policies for rebuilding the red grouper stock in a 10-year period by developing a bioeconomic model. Under the assumption that the recreation sector was held to its share of TAC (24% of the total quota), the target stock biomass goal was attained in all policies. The NPV was the largest in the 5-month season closure policy if the output price did not fall. There were distributional effects on the different components of the fleets in the 1800-pound trip limit and the 50-fathom longline boundary policy.

• Journal of Fisheries and Marine Sciences Education
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• v.10 no.2
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• pp.162-183
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• 1998

The fisheries resources control system in the Fisheries Act of Korea is introducing technical management method and input control method that controls fishing effort. Fishing effort control system of Korea aiming at realizing the maximum sustainable yield does not regulating the limitation of fishing quota and the limitation of fisheries object target fish. Therefore fishing operators who have fishing permit can use fishery resources without any restriction of fishing quota. But there are no rules that can controlling capacity of productivity of fishing by developing of fishing technic and fishing gear. For those reasons, productivity of fishing is superior to reproductivity of fisheries resources. Therefore, the Fisheries Act of Korea rearranges a legal basis for an introduction of fisheries resources management system by TAC, but the contents to be possible for a legal guarantee is not included and it is exceedingly defective as abstract and institutional devices. And that the affairs to be required for an enforcement of the said regime was placed in an administrative mandatory legislation and the danger to be degenerated is high in accordance with the bureaucratic self-righteous and/or the coercion of group's interest concerned and accordingly its substitute legislation system is keenly required. TAC system that is going to be introduced in our country is expected to enforce the Olympic fishing method and the individual quota method in parallel. This method is not certainly proper, because it occurs to overcapitalize and to compete fishing amounts between fishery operators. So as to prevent overcapitalization and fishing competition between fishery operators, and the exhaustion of coastal fisheries resources, individual transferable quota system should be introduced in Korean sea. Accordingly this thesis has attempted to constitute a view to improving problems of the traditional fisheries resources control system and introducing TAC fisheries resources control system.