• 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.

• Plant Journal
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• v.8 no.2
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• pp.70-81
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• 2012

The study aims to supplement facility management plan and safety regulations & standard of oil pipeline by searching and reviewing related regulation & standard inside and outside of the country. Korean regulation & standard is reviewed based on harbor and fishery design standard of the ministry of maritime affairs and fisheries, general technology standard of oil pipeline safety regulation, gas excavation construction and safety maintenance indicator of Korea gas corporation. Global regulation & standard is reviewed based on U.S standard inspection for offshore pipeline and Europe/Mexico standard inspection for offshore pipeline. The contents of offshore pipeline installation is inserted into pipeline sector for objected facilities of safety inspection regulation & standard and, the standard of safety inspection for offshore pipeline is newly presented into pipeline maintenance part of the planning facilities management with its inspection period and method.

• Journal of the Korean Society of Marine Environment & Safety
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• v.21 no.6
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• pp.689-695
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• 2015

The offshore plant crews that were commissioned in the commercial startup phase boarded the offshore plant in two shifts until the end of the project. The crews who were hired by the owner side stayed in the original offshore plant during the project. However, most of the offshore plant commissioned members who were dispatched from the shipyard were accommodated in the offshore accommodation barge. For this reason, they were exposed to many accidents since there are a lot of people staying in a small space. This study suggested a method for improving survival rate at offshore accommodation barge in terms of life safety. It is assumed that the fire accident among unfortunate events which take place in the offshore accommodation barge mainly occurred. So, this study analyzed the safety evacuation for offshore plant employees using fire simulation model based on both domestic and international law criteria. In particular, When fire occurs in the offshore accommodation barge, the periodically well trained crews are followed safety evacuation procedure. whereas many employees who have different background such as various occupations, cultural differences, races and nationality can be commissioned with improper evacuation behaviors. As a result, the risk will be greater than normal situation due to these inappropriate behaviors. Therefore, This study analyzed the Required Safe Escape Time (RSET) and Available Safe Escape Time (ASET). Also it was suggested the improvement of structure design and additional arrangement of safety equipment to improve the survival rate of the residents in offshore accommodation barge.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.42 no.3
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• pp.179-185
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• 2006

In order to efficiently manage the coastal and offshore fishing ground, the applicability of real-time monitering was also investigated through a wide-area network of automatic identification system(AIS). The experiment of efficiently managing coastal and offshore fishing ground with a wide-area network of AIS required, on the headquarter's screen, a synthetic display of vessel information transmitted from three different distant stations. This experiment tested the applicability of real-time monitoring with the shown display. The maximum range of detection of the first station in Busan was 24 nautical miles while those of the second and third stations in Yeosu and Jeju were 26 and 52 nautical miles, respectively.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.11 no.2
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• pp.49-54
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• 1978

The cold water mass appeared in offshore of the east coast of Korea in summer season was studied in aspect of chemical oceanography. Such a typical relationship between phosphate and dissolved oxygen as shown in the upwelling regions could not be found in the east coast except around the Kampo coast, southern part of the east coast. It is possible to isolate the North Korean Cold Water from tile proper water of tile Japan Sea by using $\sigma_t-O_2$ diagram. The origin of the cold water mass in offshore of the east coast of Korea in summer is not mainly due to the development of upwelling of the proper water of the Japan Sea but thesouthwardflolvingoftheNorthKoreanCold Water.

• The Journal of Fisheries Business Administration
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• v.32 no.1
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• pp.15-39
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• 2001

The study, using the input-output analysis of 402 industrial sectors by Bank of Korea(BOK) and the resulting outcomes of price model, aims to evaluate the spillover effects the international fluctuations in crude oil prices have on the commodities prices and consequently, analyse the management and profitability of the offshore fisheries in Korea. At present, the fisher men are provided with tax-free oils for their fishing operations as specified under the Special Tax Treatment Control Law. However, the exhaustion of marine resources and new international fisheries agreements, which resulted in the loss of fishing grounds, made the stable catch even more unpredictable and the hike in the price of the international crude oil would have adverse effects on the fishing industry. The study revealed that the increasing rise in the price of crude oil would exert sweeping spillover effects on other industry sectors in general and accordingly, lead to a poorer performance by fisheries. The price spillover coefficients for the diesel oil was 0.6026, which would translate into the 42.6% increase in the prices of oil when the increase ratio of 73.3% for the base crude oil was applied based on the calculation methods employed in the study. This in turn increased the ratio of diesel oil required in the offshore fisheries from 23.3% to 16.6%, diminishing the ratio of current net profits to minus 2.0% from 4.2% otherwise. By fishing type, the Pair Trawl suffered current net profits loss most by ratio of minus 9.4% and other fisheries such as Coastal Stow Nets, Coastal Angling, Danish Sein also suffered ratio of 7% and more in the loss of current net profits. With the deteriorating fishing performance, coupled with the increasing international crude oil prices, it is urgently required that the authorities concerned deliberate in depth on such schemes as follows in efforts to secure stable fishing production. First, provision of large-scale storage facilities for oil is needed to timely adapt to the fluctuations in international crude oil prices. Secondly, in line with the stabilization of tax-free oil prices, duty levied on oils for fishing and tax collected from the refineries need to be tax-exempt. Thirdly, the beneficiaries from the provision of tax-free oil should be broadened, not limited to special fishing operation only. Fourth, investment in stabilization of the oil prices should be encouraged, possibly through funding from the formation of fisheries development funds underway.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.42 no.2
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• pp.151-156
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• 2009

The stomach contents of Lumpenella longirostris, Malacocottus gibber and Bothrocara hollandi from the East Sea were examined to determine their feeding ecology. Specimens were caught seasonally from 2004 to 2006. The primary prey items of each species included crustaceans and mollusks. L. longirostris is a benthophage that primarily consumes bottom crustaceans and bivalves. M. gibber and B. hollandi are meso-pelagicphages that primarily consume amphipods and cephalopods. However, the species are opportunistic feeders that exploit the available prey in their habitat. The empty stomach ratio of the species is larger than that of offshore species (e.g. hairtail fish and yellow goose fish), and the prey diversity of the species evaluated in this study was much smaller than that of offshore species.

• The Journal of Fisheries Business Administration
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• v.37 no.1 s.70
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• pp.1-24
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• 2006

Reducing fishing capacity is one of current issues in the international fisheries. This is because that increased fishing capacity has caused not only fish stocks to be depleted, but also additional fishing costs to be incurred, which resulted in reduction of economically viability of fisheries. For this reason, FAO adopted the International Plan of Action for the Management of Fishing Capacity' in 1999 and recommended member countries to estimate fishing capacity and to implement the policy to reduce fishing capacity. This study is aimed to measure fishing capacity of the Large Purse Seines Fishery that is one of offshore fisheries in Korea using both Peak - to - Peak Analysis and Data Envelopment Analysis in order to provide a policy information for preparation of domestic plan of action for the management of fishing capacity. The results of PTP Analysis were almost similar to those of DEA Analysis. The DEA results showed that the capacity utilization in 2004 was about 75%, it was obvious the capacity did not utilize enough. The sensitivity analysis on DEA results indicated that 24% of the number of ships, 26% of the tonnages, or 29% of the horse powers should be reduced if the present catch remained. In addition, if the catch remains at the MSY base level of large purse seines, the analysis suggested that the number of ships, tonnages and horse powers should be reduced by 15%, 18%, and 21% respectively.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.49 no.4
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• pp.440-448
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• 2013

Estimations on population ecological parameters of the small yellow croaker, Larimichthy polyactis in Korean waters, were calculated using catch data based on coastal and offshore drift gillnet fishery and biological data from 2010 to 2012. The population ecological parameters included survival rate, instantaneous coefficient of natural and fishing mortality and age/length at first capture. The survival rate (S) of the small yellow croaker was estimated to be 0.20 from catch curve method. The instantaneous coefficient of natural mortality (M) was estimated to be 0.46/year with Alverson and Carney method. The instantaneous coefficient of total mortality (Z) was 1.611/year, used to be transformed the survival rate and the instantaneous coefficient of fishing mortality (F) were 1.153/year. The length at first capture ($L_c$) was 19.1cm by Pauly method, and the age at first capture ($t_c$) was 1.303 years of the small yellow croaker by the coastal and offshore drift gillnet fishery.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.57 no.4
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• pp.283-291
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• 2021

The Korean stow net is a fishing method that utilizes the changing direction of the net entrance with the tidal current. This study attempted to obtain basic data from the recent offshore stow net fisheries to improve the gear by analyzing the dynamic behavior of the nets affected by current speed and direction using computer simulations. A numerical calculation was performed at a current speed of 0.5 knot between 2.5 knot at each 0.5 knot. The time taken for the gear opening was the longest from 0.5 knot at 1,500 seconds and the shortest from 2.5 knot at 450 seconds in the simulations. In all cases, the net width and tension at net deployment gradually decreased as the current speed decreased. However, the net height tended to increase inversely proportional to the current speed. During the net rotation, the net height was maintained at all cases. The net width and tension fluctuated, but the regularity was very low. In this study, the calculated simulation data showed that the opening efficiency decreased proportional to the current speed. The opening efficiency is related to the catching efficiency; therefore, it is necessary to improve the gear to enhance its opening efficiency.