Abstract
This study was aimed to analyze the economic feasibility of seaweed aquaculture production performance in Busan and Ulsan on the southeast coast of Korea. For the analysis, 10 seaweed aquaculture farms were surveyed. The 10 seaweed farms were classified as kelp farm, sea mustard farm, and mixed farm (kelp+sea mustard). In the study, various analyses including cost structure analysis, profitability and economic feasibility analysis were conducted for the 10 seaweed aquaculture farms. Based on the survey results, the study carried out profitability and economic analyses of seaweed farming for the kelp farm, sea mustard farm, and mixed farm. It was found that the average NPV was the highest for the sea mustard farm with 3.27 billion won. The kelp farm produced the lowest NPV of –0.18 billion won indicating a negative economic feasibility.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
