Who Pays for Conservation? Korean Anglers’ Willingness to Pay a Sustainable Recreational Fishing Environment Fund

Abstract

This study examined Korean anglers’ willingness to pay (WTP) for the establishment of a Recreational Fishing Environment Fund (RFEF), aimed at mitigating the environmental impacts of recreational fishing on marine resources. As recreational fishing has expanded in Korea, concerns have grown over its negative effects on fishery resources and coastal pollution. Addressing these issues requires sustainable policy interventions, with financial support from stakeholders. To estimate anglers’ WTP for such a fund, a vignette survey was conducted in February 2024 among 1000 South Korean adults with experience or interest in recreational fishing. Using the Double-Bounded Dichotomous Choice Contingent Valuation Method (CVM), the present study estimated an average annual WTP of USD 8.18 per person. These findings provide essential data for designing coastal and ocean environmental policies based on the beneficiary pays principle, offering a financial framework to support conservation efforts and regulatory measures. The results highlight the potential for angler-funded environmental initiatives and can inform policymakers on the feasibility of implementing a dedicated fund for sustainable recreational fishing management.