• Korean Journal of Construction Engineering and Management
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• v.22 no.6
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• pp.87-95
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• 2021

This study analyzed economic feasibility using the real options theory of the eco-environment area project in Saemangeum. I defined the main factors affecting project sales during the 30 years operation period. The real option-based analysis is proposed through the managerial flexibility by estimating the volatility of project sales using scenarios analysis method. The number of visitors, admission fee, leisure program fee, and O&M costs required for economic analysis of eco-environment park were analyzed by reviewing cases of similar eco-environment parks in Korea. The option value is calculated by assuming that the developers have an option right that can be abandoned. B/C is less than 1 and NPV is negative, so it is impossible to proceed with the project using the traditional economic analysis. The project value difference between NPV (-46.6 billion Won) and option value (28.1 billion Won) increased by 74.7 billion Won. Through this study, decision-makers of public institutions and private developers who plan eco-environment area projects will be able to use the real option technique proposed in this study.

• Journal of the Korean Society for Marine Environment & Energy
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• v.13 no.4
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• pp.313-326
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• 2010

This paper explores the changing aspects of the fishing village and fishermen since the beginning of the Saemangeum Reclamation Development Project in 1991. The Saemangeum Project was neither appropriate nor effective because it adopted an outdated development policy. It should have been obvious that as a result of the Project, tideland where various kinds of clams, crabs, oyster, and many other marine resources live would be lost. The fishermen in the affected area have suffered various hardships. The most acute problem at present is the disappearance of their subsistence activity that threatens their families' survival. Facing the crisis, they view fishing as their most valuable resource. Overlooking the Saemangeum Lake which is newly formed, they view the sea and tideland as their treasure boxes or bank deposits. From the beginning until now, the government did not pay attention to the concerns of the fishermen and their communities. It was an outcome of the typical top-down bureaucratic decision making. Until recently the government has persisted in its position that the primary goal of the reclamation project was to increase agricultural land. In July 23, 2009, the government suddenly announced the new Saemangeum development plan. The new plan focusing on the industrial city complex was quite different from the old plan. Regardless of the revised plan the lives of the villagers in the coastal areas have already been significantly altered. Most villagers no longer depend on fishery. Many have already left their homestead and moved away in order to search new jobs or find another coastal area where they can continue their fishing.

• Journal of the Korean Society for Marine Environment & Energy
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• v.13 no.4
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• pp.327-334
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• 2010

The paper describes the history and the evolution of the conflict of the Saemangeum reclamation project, focusing on the court trial processes. The Saemangeum project is the world largest coastal reclamation work, regarded as the most controversial environmental issue in the recent history of Korea. Due to the severe pollution found in Lake Sihwa in 1996, the Saemangeum project began to receive a large degree of public concern on the water quality of the proposed artificial freshwater lake. Unlike the Sihwa case, the Korean court system intervened to resolve the heated conflicts between stakeholders in the Saemangeum case. Based on the same set of facts, the Korean courts showed different perspectives on the economic feasibility, value of the ecosystem, land use, and water quality, which represents the limit of legal system to address complicated environmental problems. After the final judgment by the Supreme Court, 'the Special Act for the promotion of the Saemangeum reclamation project', was enacted with strong political support from local leaders and congressmen. A more developmental-oriented land use plan came out in 2009 based on this Act. The Saemangeum project walked along the different pathway from the Sihwa case. The area should be managed in sustainable manners to appropriately consider conservation and development for the prosperity of local residents and future generations.

• Journal of the Korean Geosynthetics Society
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• v.10 no.2
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• pp.91-100
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• 2011

This study presents the estimation for the possibility of liquefaction according to the liquefaction evaluation methods in Saemangeum reclamation area for tide embankment, Jeollabuk-do, Korea. Liquefaction estimation is performed by cyclic triaxial tests and seismic response analysis using earthquake records of the long- and short-term. This area appears to have greatly potential of liquefaction from the grain-size distribution curve of the dredged and reclaimed soil in the area. Because the liquefaction can occur in this area if the foundations or buried structures are built at a depth within 10m below ground surface, the meticulous care is required in the design of them in the future.

• Journal of The Korean Society of Agricultural Engineers
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• v.57 no.5
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• pp.19-27
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• 2015

The results of Saemangeum seadike field inspection and material testing of armor stones in order to analyze causes of abrasion according to material characteristics of seaside armor stones in Saemangeum seadike are in the following: 1. The armor stones in Saemangeum seadike have been constructed by using internal stones (mainly, sinsi stones) and external stones, which had less strength (77.3 %) and more abrasion rate (133.3 %) compared with sinsi stones. 2. The compressive strength and abrasion rate were compared between ordinary wave section and high wave section for the purpose of analyzing the influence of waves. In compressive strength, sinsi stones were 4.0 % stronger and external stones were 0.6 % stronger in ordinary wave section than those of high wave section in average. In the case of abrasion rate, sinsi stones were 3.0 % higher and external stones were 8.2 % higher in the high wave section than those in the ordinary section. 3. The result of comparing compressive strength according to a zone is that the compressive strength in the Intertidal area was less strong in most of the zones. 4. Considering that deviated stones are moving around over the surface of armor stones in situ, it is important to compare material characteristics. So the comparison test about this factor showed that deviated sinsi stones were stronger than armor stones in situ in terms of compressive strength and resistance to abrasion. Based on these results, abraded armor stones may have resulted from their durability. Therefore it is assumed that armor stones are likely to be abraded when deviated stones which are more durable are moving around over armor stones which are less durable.

• Korean Journal of Environment and Ecology
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• v.36 no.6
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• pp.684-692
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• 2022

This study was conducted to assess ecosystem services provided for Saemangeum agricultural and life sites and surrounding areas and establish measures to enhance them. The ecosystem services in the Saemangeum region were found to be different depending on its land use type. Before reclamation, the quality of ecosystem service in the Saemangeum region was high in all aspects: supply, control, culture, and support service functions. After the reclamation, however, the quality of supply, regulating, and support services declined. Therefore, it is necessary to enhance the quality of regulating and support services provided by semi-natural habitats such as rice paddy and reservoirs to improve the ecosystem service of the Saemangeum agricultural and life site. The suggested service improvement includes transforming natural ecosystems, such as forests and rural areas, and vast agricultural land into rural tourism and ecotourism and strengthening cultural service functions centered on education and research related to agriculture. To this end, it is necessary to utilize large agricultural land and agricultural infrastructure to promote agricultural production and rural tourism and government support for areas where the aging population is a problem.

• Proceedings of the Korean Society of Agricultural Engineers Conference
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• 2003.10a
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• pp.555-558
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• 2003

This study carried out to analyze the characteristics of water concentration for Saemangeum reclaiming area during two seasons. Total nitrogen appeared by thing which all mean values are the biggest at two survey at ST.4 that is near with Mangyoung river. At the same time, change by range of tide was seen. Therefore, is thought that ST.4 suffers impact of river and seawater at the same time. But is thought that water of Mangyoung river exerts bigger effect than seawater because ST.4 appears that concentration is high clearly with different Sampling point. Therefore, is thought that pollution occurs better than different sampling point if ST.4's flowing deters.

• Proceedings of the Korean Geotechical Society Conference
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• 2009.03a
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• pp.299-307
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• 2009

New lake dike in Saemanguem area is 125km length and require a great amount of fill materials, but it's difficult to get the amount of materials and develop a quarry because of environment conservation. Therefore, the solution is to use the dredged soil in project area as the fill materials not to develop quarry. However, characteristic of dredged soil as a silty fined sand is very weak at seepage, sliding, erosion of dike due to infiltration of rainfall, wind etc. So, lake dike using dredged soil must be constructed safely against the unstable problem of dredged sand. The objective of research is to make safe lake dike using dereged soil on construction of Saemangeum new lake dike. So, we analyzed the characteristic of dredged soil and suggested a standard section of lake dike.

• Journal of Environmental Impact Assessment
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• v.29 no.4
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• pp.298-306
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• 2020

This study was conducted to examine the impact of the correlation between habitat suitability of the Saemangeum lake area for otters and spatial variables (watersides, wetlands, farmlands, urban areas, roads, etc.) on the inhabitation of otters. As a result of the habitat suitability analysis, it was found that 380grids of 1097 grids (34.6%) studied are most suitable and suitable, whereas 413 grids of 1097 grids (37.7%) of the total are marginal and unsuitable. Comparatively analyzing otter traces data against for each spatial variable in the Saemangeum area revealed that the distance to the road or man-made areas is directly proportional to the number of otter traces, while more traces of otters were found areas close to waters. Despite the impact from the internal construction of Saemangeum lake, there found 2 to 6 times more otter traces in the area farthest from the urban areas and roads compared to the area nearest to the urban areas and roads. Thus, when restoring habitats for otters, a minimum of 500(m) distance to roads or urban areas, which can be considered as a threat to the habitats, must be secured.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.37 no.3
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• pp.202-208
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• 2004

The spatio-temporal distribution of dinoflagellate resting cysts was investigated by palynological processing to understand the harmful algal bloom (HAB) potential in the sediment of the Saemangeun area in 2003. In total, thirty-two dinoflagellate species were identified, and their concentrations were in the range of $6-1,618\;cysts{\cdot}g^{-1}$ (dry weight). The concentrations of resting cysts were higher in the spring (26 species, $64-1,101\;cysts{\cdot}g^{-1})$ and summer (30 species, $81-1,618\;cysts{\cdot}g^{-1})$ than in the autumn (32 species, $6-1,150\;cysts{\cdot}g^{-1})$ and winter (24 species, $25-728\;cysts{\cdot}g^{-1}).$ The composition rate of the heterotrophic dinoflagellate species to the total, which is closely related to the eutrophication process, to ranged from 6 to $29\%$ in the study area. The most dominant species was toxic Alexandrium tamarense/catenella $(25\%)$ followed by Gonyaulax scrippsea $(9\%)$ and toxic Protoceratium reticulatum $(5\%).$ Given the high abundance of the toxigenic dinoflagellate species, the Saemangeun area is considered to have the great potential for HABs in the future.