As the economic contribution of the ocean and fisheries industry increases, it is essential to identify industrial characteristics and propose specialized strategies based on data. However, there has been a lack of research on the establishment of an industrial classification system that reflects the characteristics of the ocean and fisheries industry in South Korea. Therefore, this study aims to introduce the specialized classification system of the ocean and fisheries industry and, further intends to analyze industry trends using the survey data based on the classification system. For the past three years (2017-2019) 9,000 businesses were surveyed annually to estimate industry revenues, number of businesses and workers, annual labor costs, and business outlook. As a result, this study proposed the need for government support for the shipbuilding and offshore plant construction & repair industry which has great economic ripple effects, and the need to strengthen the labor supply chain of the fishery industries that are easily affected by external shocks.
Choi, Seokwoo Jake Dr; Kim, Ju-Hyeoun; Kim, Gi-Su; and Park, Kwang Seo Dr
"Exploring South Korea’s Ocean Economy : the Korea National Ocean Economy Survey 2017-2019,"
Journal of Ocean and Coastal Economics:
2, Article 3.
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