Table 3. Summary of cost and benefit components used for economic analysis for national forest larch stand (50-year Rotation).

Category Unit (1,000 KRW/ha) Frequency Year of operation Amount (1,000 KRW/ha)
Costs components
Stand clearing inclufing Planting 11,205 1 0 11,205
Weeding 2,244 6 Years 1/2/3 (2 times each) 13,466
Vine removal 1,403 1 5 1,403
Juvenile tending 2,045 1 8 2,045
Thinning 1,600 2 Years 15/25 3,200
Survey and estimation 451 1 50 451
Forest road construction 7,215 1 50 7,215
Timber harvesting and processing 6,118 1 50 6,118
Total costs 56,306
Benefits components
Timber sales revenue (Option A)

Based on growing stock 182 m3/ha and 2nd-grade larch price (₩105,800/m3)

19,256
Public benefits (Option B)

Derived from national forest public value (₩259 trillion/year), converted to annual per-ha annuity from year 20 onward

41,113