Year: 2005
Type: article
Study design: Observational Study
Abstract: In recent days, most of the lagoons in Korea have been lost on account of indiscreet development and pollution. Thus, this study measures the conservation value of the Songji lagoon, a representative lagoon in Korea by using the contingent valuation (CV) method and specifies the non-use value of Songji lagoon. The survey was carefully desigrled and implemented to meet a number of recommendation rules suggested in the literature. The overall results show that the respondents well accepted the contingent market and would be willing to pay a significant amount for the proposed program to conserve Songii lagoon. Total Conservation value of Songji lagoon amounted to approximately 21.2 billion Korean won per year. Moreover, the non-use value of Songji lagoon amounted 15.7 billion Korean won per yew. The results of measuring the conservation value provide decision-makers with data indispensable to devising a conservation and management policy.
Source: Ocean and Polar Research
Authors: Seung-Jun Kwak, Seung-Hoon Yoo, Jeong-In Chang
Institutions: Hoseo University, Korea University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDGs: Life on land, Climate action
Open Access status: bronze
OpenAlex ID: W2106028482