Up to 8 Times the Value of Seafood as Penalty for Illegal Fishing by Deep-Sea Fishing Vessels
Partial Amendment to the Enforcement Decree of the Wonyang Industry Development Act Passed at the Cabinet Meeting
[Sejong=Asia Economy Reporter Joo Sang-don] Starting from the 27th, a fine of up to 8 times the value of the seafood will be imposed for illegal fishing activities by distant-water fishing vessels.
The Ministry of Oceans and Fisheries announced on the 17th that the partial amendment of the Enforcement Decree of the Distant-water Industry Development Act, which includes this content, has passed the Cabinet meeting.
Last November, the Ministry of Oceans and Fisheries partially amended the Distant-water Industry Development Act to establish a legal basis for imposing fines on Illegal, Unreported, and Unregulated (IUU) fishing and for establishing and implementing safety management guidelines. This partial amendment of the enforcement decree sets specific standards ahead of the law’s enforcement.
First, detailed criteria for calculating fines for IUU fishing were established. Distant-water fishing vessels operating in overseas waters must comply with domestic related laws such as the Distant-water Industry Development Act and the Fisheries Act, as well as conservation and management measures for each fishing zone. If violated, fines ranging from a minimum of 20 million KRW to a maximum of 8 times the value of the seafood will be imposed depending on the severity of the violation.
If the safety management guidelines are not kept on board the vessel or if a safety management officer is not appointed, a fine of up to 5 million KRW will be imposed.
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Lee Kyung-gyu, Director of Fisheries Policy at the Ministry of Oceans and Fisheries, said, "Now is the time for our distant-water industry to change so that sustainable fishing can be conducted in accordance with international standards," adding, "We will thoroughly manage to ensure that these system improvements are quickly established in the field."
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