Evaluation of Forest Biodiversity Conservation Function Value Increases by 1 Trillion Won

[Financial News] The value of biodiversity conservation functions within forests in Korea is estimated to reach a total of 12.6 trillion won (as of 2023). This is an increase of 1 trillion won (8%) compared to the 2020 evaluation of 11.6 trillion won.
 The Korea Forest Service's National Institute of Forest Science announced on the occasion of the International Day for Biological Diversity (May 22) that it evaluated and announced the value of forest biodiversity conservation functions, one of the public functions of forests.
 The value of forest biodiversity conservation functions is 12.6 trillion won as of 2023, an 8% increase of 1 trillion won compared to the 2020 evaluation of 11.6 trillion won.
 The total value of forest public benefits was evaluated at 259 trillion won as of 2020, and the National Institute of Forest Science is currently conducting related research to conduct an evaluation of forest public functions as of this year by 2027.
 The forest biodiversity conservation function is evaluated based on the value of forest genetic resources contributing to the domestic bioindustry, and the evaluation value has increased with the expansion of the domestic bioindustry. It is expected that the evaluation value of forest biodiversity conservation functions will continue to increase in the future.
 The National Institute of Forest Science suggested that in order to continuously maintain and expand the forest biodiversity conservation function, which is one of the achievements of national land greening, timely forest management should be promoted, and damage from forest fires and forest pests should be minimized. They also suggested that efforts are needed to suppress the use of forest land for purposes other than forest use or to prevent changes in its character.
 Kim Ki-dong, a researcher at the National Institute of Forest Science, said, "The importance of forest biodiversity conservation functions will grow even more during the climate crisis period," and "We will continue research related to forest public functions that can establish a scientific basis."

kwj5797@fnnews.com Kim Won-jun Reporter