This study quantifies the magnitude of the benefits from the reduction of air pollutants such as fine dust (PM10) and sulfur dioxide (SO2). In order to measure these benefits, the effects of air pollutants on early mortality from respiratory and cardiovascular diseases are analyzed by the exposure-response function. Then it is estimated how many people can be saved from the early mortality if PM10 and SO2 would be clean up. Then, through the benefit transfer, the values of statistical life (VSL) from the previous studies are used to quantify the benefit in monetary terms. The estimated benefit from 10% abatement in PM10 is about 279 billion won that comes form reduction early mortality from cardiovascular diseases. In addition, if SO2 is reduced by 10%, the benefit from the reduction premature death is estimated about 399 billion won.

[Key Words] Particulate Matter, Sulfur Dioxide, Exposure-Response Function, Value of Statistical Life, Benefit Transfer