Abstract
Korea"s fishery management system is operated by managing fishery catch effort through license, permit, and reporting system. Fishery license system, also called the fishery right system, includes village fishery, set-net fishery, and aquaculture. The fishery right system, which was introduced over 110 years ago, has many problems. Evaluating in terms of fishery management, the system lacks in efficient resource allocation, fair income distribution, and effective fishing ground management. It cannot actively adapt to market changes since only the property rights of those with fishing permits are reinforced. For improvement, strict enforcement of and fishermen"s compliance with laws and regulations is necessary, and in the long run, should be changed into the fishery permit system. Since there were more problems than advantages with the fishery license system, the fishery permit system will reduce the side-effects and help achieve the purpose of fishery management.
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