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The Environmental Value Of South Korea’S Mountains: A Contingent Valuation Study

Author

Listed:
  • DONG-PIL KIM

    (Department of Landscape Architecture, Pusan National University, South Korea)

  • KEE-RAE KANG

    (#x2020;Institute of Comprehensive Bio Industrial, Pusan National University, South Korea)

  • HAE-JOO LEE

    (Department of Landscape Architecture, Pusan National University, South Korea‡Korea National Arboretum, South Korea)

  • HEE-CHAE KIM

    (#x2021;Korea National Arboretum, South Korea)

  • WOO-SUNG LEE

    (#xA7;Department of Landscape Architecture, Daegu University, South Korea)

  • BO-KWANG CHUNG

    (#xB6;Baekdudaegan National Arboretum, South Korea)

  • SU-BOK CHAE

    (#x2225;Busan Development Institute, South Korea)

  • CHA-KWON KIM

    (*Department of Landscape Architecture, Graduate School, Kyungpook National University, South Korea)

Abstract

To address the lack of awareness on environmental values, this study estimates the environmental value of mountain ranges (Jeongmaek) connected to the Baekdudaegan mountain system in South Korea. Seven Jeongmaek are studied during 2011–2016 using a questionnaire survey and the contingent valuation method. Based on willingness to pay (WTP) for biodiversity, this study finds that the lowest estimated WTP was KRW 5813 for Geumbuk and Hannam-Geumbuk Jeongmaek, and the highest value was KRW 120,471 for Hanbuk Jeongmaek. These differences in WTP appear to be significantly determined by education level and number of visits of respondents.

Suggested Citation

  • Dong-Pil Kim & Kee-Rae Kang & Hae-Joo Lee & Hee-Chae Kim & Woo-Sung Lee & Bo-Kwang Chung & Su-Bok Chae & Cha-Kwon Kim, 2020. "The Environmental Value Of South Korea’S Mountains: A Contingent Valuation Study," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 65(06), pages 1389-1400, December.
    • Handle: RePEc:wsi:serxxx:v:65:y:2020:i:06:n:s0217590820500459
    DOI: 10.1142/S0217590820500459
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