The conservation value of the Shinan Tidal Flat in Korea: a contingent valuation study

Korean households show significant willingness to pay for the conservation of Shinan Tidal Flat, with an average annual contribution of KRW 3100 (USD 2.75) per household, totaling approximately KRW 54.5 billion (USD 48.3 million) annually over five years. This study employs contingent valuation (CV) method to monetarily assess the conservation value of tidal flats, addressing the growing public demand for their protection and providing critical data for policymakers evaluating conservation measures.

Park, S.-Y., Yoo, S.-H., & Kwak, S.-J. (2012). The conservation value of the Shinan Tidal Flat in Korea: a contingent valuation study. International Journal of Sustainable Development & World Ecology, 20(1), 54–62. https://doi.org/10.1080/13504509.2012.742472