Changwon City to Provide 420 Million Won Support to Fishermen Affected by 'Binsansosugoe' Damage

Changwon City recently confirmed the rapid recovery of damage to oyster, mussel, and sea squirt farms that suffered massive deaths due to hydrogen sulfide outbreaks in the Jinhae Bay area.
(Photo by Changwon City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City, Gyeongnam Province, announced on the 5th that it will prioritize support with a recovery fund of 420 million KRW to quickly restore the damages suffered by oyster, mussel, and sea squirt farms due to massive deaths caused by hypoxic water masses recently occurring in the Jinhae Bay area.

Hypoxic water masses are water bodies with low dissolved oxygen concentration, caused by factors such as freshwater inflow or rising water temperatures. They affect the respiration of shellfish and cause damage to aquaculture. This damage has occurred in the Jinhae Bay area since the end of July.

The scale of this recovery was finalized through the review by the Gyeongnam Province and the Ministry of Oceans and Fisheries’ Fishery Disaster Countermeasure Deliberation Committee based on the recovery plans submitted by Changwon City by the 18th of last month.

The recovery target includes a total of 96 fishery households, with the recovery fund composed of 290 million KRW from the national government, 50 million KRW from the provincial government, 80 million KRW from the city government, 230 million KRW in loans, and 150 million KRW in self-payment.

To ensure rapid recovery, the city has urgently secured the city’s share of funds as a contingency reserve. Among the affected fishery households, 44 households will receive support amounting to 2.62 billion KRW in loan repayment deferrals and interest reductions, and 12 households will be provided with 240 million KRW in emergency management stabilization funds.

Heo Seong-mu, Mayor of Changwon City, said, “We have secured the city’s share of funds as a contingency reserve to support rapid recovery,” and added, “We will ensure that individual support to the affected fishery households is carried out promptly.”

This content was produced with the assistance of AI translation services.