Socio-economic effects of using timber harvested in forest development sites
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In S. Korea, a resource-poor country, forest developments have been continuous for industrial development and economic growth. In 2019, about 7,000 ha of forest are developed for construction of roads, factories, etc. Timber harvested in these sites are about 1,44 million tons per year. In the past, 97% of timber harvested in forest development sites were treated as waste, and the remaining 3% were transplanted into landscape trees. In 2017, a system(the sell by public auction) for the utilization of timber harvested in forest development sites was established, and that operated by Korea Forestry Promotion Institute(KoFPI). Through the system, various socio-economic values such as generation of sales revenue, reduction of waste treatment costs can be obtained. Currently, 44,000 tons of timber harvested in forest development sites have been sold by public auction, it generated about USD 4.24 million in socio-economic value, including sales revenue and reduction of waste treatment costs. The KoFPI is contributing to increasing the use of wood and revitalizing the wood industry by utilizing waste wood resources.
Keywords: Economic Development
ID: 3623098