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Daejeon University, 62 Daehak-ro, Dong-gu, Daejeon 300-716, KoreaOECD(2008) gives the concepts of inaction costs on key environmental challenges including: direct financialcosts; total financial costs; total use costs; and total social welfare costs. In analyzing the losses of environmentalgoods’ various values conducted by domestic and foreign researchers, this study suggests the value-cost category ofOECD(2008) and other studies; and the indirect use and non-use values of groundwater and other natural environ-ment using the concepts of inaction costs. The studies on the damages and their relationships among human, prop-erty, and ecosystem are essential to monetary valuation on the qualitative or quantitative degradation of groundwaterand other natural environment.

Losses of Indirect Use and Non-Use Values of Groundwater or Environmental Challenges in Terms of the Inaction Costs of OECD