The main purpose of this research is to analyze economic feasibility of biodegradable sonw crab gill net model project. The results of benefit/cost analysis show that use of the biodegradable gear is economically feasible. Assuming that the rate of gill net lost is 5 percent, net present value was estimated 311,898,282-590,533,375won, benefit-cost ratio 1.816-1.923 and internal rate of return 7.96-10.59%. The development and diffusion of biodegradable fishing gear appear to make a significant contribution to fisheries resource conservation and marine ecosystem protection. In addition, biodegradable gear production firms may have a good opportunity of exporting it to other coastal states, depending on the progress of WTO subsidy negotiation.