The ecological characteristics and stock biomass of the Shiba shrimp, Metapenaeus joyneri, in Korean waters were determined, using fishery data from the Ministry of Maritime Affairs and Fisheries (MOMAF) and available length frequency data. The instantaneous coefficient of total mortality (Z) of M. joyneri was estimated to be 4.191year, and the annual survival rate (S) was 0.015. The estimated instantaneous coefficient of fishing mortality (F) for recent years was calculated to be 1.94/year. The age at first capture of M. joyneri was 0.71 years. Based on these parameters, the annual biomass of the M. joyneri stock was estimated using a biomass-based cohort analysis and data on the annual catch in weight at age for 1993-2004 in Korean waters. During the study period, the biomass of the shrimp peaked in 1994 at about 9,082 metric tons. Subsequently, it decreased to 500 metric tons in 1998.