Asian Journal of Business Environment

Korea Distribution Science Association (한국유통과학회)
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Regional Specialization and Economic Impacts of Aquaculture in Korea: An Analysis of Key Species

  • Jinwook JEONG (Department of Food and Resource Economics, Pusan National University) ;
  • Tongjoo SUH (Department of Food and Resource Economics, Pusan National University)
  • Received : 2024.09.18
  • Accepted : 2024.10.30
  • Published : 2024.10.30
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Abstract

Purpose: This study aims to assess the current state of aquaculture in Korea and evaluate regional competitiveness for major aquaculture species: flounder, rockfish, sea bream, and yellowtail. It seeks to identify the unique characteristics of aquaculture across various regions to enhance understanding of regional dynamics and industry trends. Research design, data and methodology: It utilizes Location Quotient, Shift Share Analysis, and combined analysis of the two methods to investigate regional specialization and growth factors in the farming of major aquaculture species. Data from the Fishery Aquaculture Trend Survey for 2018 and 2023 were analyzed, covering 30 administrative districts with detailed production values. Results: The analysis reveals varying regional specializations in aquaculture across Korea, with the East Coast showing high specialization in yellowtail but low in other species, and the South Coast demonstrating diverse specialization patterns depending on the region. It highlights that while the East Coast excels in sea bream and yellowtail, and the West Coast in rockfish, regional competitiveness for other species varies. Conclusions: It provides insights into regional variations in aquaculture specialization and competitiveness, identifying key regions for each species and offering a basis for targeted policy development. It suggests more frequent assessments to accurately monitor regional trends.

Keywords

Acknowledgement

This work was supported by the research grant of the KODISA Scholarship Foundation in 2024.

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