Fines Up to 5 Million Won for Fraudulent Receipt of Seafood Processing Industry Subsidies

Ministry of Oceans and Fisheries, Enforcement Decree of Fisheries Food Industry Act Passed at Cabinet Meeting

[Sejong=Asia Economy Reporter Kwon Haeyoung] From now on, those engaged in seafood processing without reporting to the government or local governments, or those who submit false documents to fraudulently receive subsidies, will be fined up to 5 million KRW.

The Ministry of Oceans and Fisheries announced on the 16th that the Enforcement Decree of the Fisheries Food Industry Act containing these details has passed the Cabinet meeting.

If subsidies are received through fraudulent methods such as failure to report seafood processing business or submission of false documents, the current fine of about 250,000 to 500,000 KRW will be significantly increased. The fine levels are 300,000 to 2.5 million KRW for the first violation, 500,000 to 3 million KRW for the second violation, and 1 million to 5 million KRW for the third violation.

This enforcement decree specifies the contents of the Fisheries Food Industry Act, established in February last year to systematically foster and support the fisheries food industry. It includes the establishment of a basic plan for fostering the fisheries food industry, designation of professional manpower training institutions and export support institutions, reporting of seafood processing businesses, and procedures for designating Korea Fisheries Food Masters.

The Enforcement Decree of the Marine Education and Culture Act, aimed at revitalizing marine education and culture, also passed and will be implemented together with the relevant law. It includes specific details such as the composition of the Marine Education and Culture Deliberation Committee, the scope and methods of marine cultural data surveys, and the criteria and procedures for designating marine education centers.

Additionally, the Marine Healing Resources Act, which utilizes marine resources such as tidal flats, brackish groundwater, and marine organisms to promote physical and mental health, also passed the Cabinet meeting. The government plans to establish marine healing centers in four cooperative local governments?Wando in Jeollanam-do, Taean in Chungcheongnam-do, Uljin in Gyeongsangbuk-do, and Goseong in Gyeongsangnam-do?to achieve goals by 2024 of a cumulative 1 million marine healing experience participants, 1,900 coastal area employment effects, and an annual production inducement effect of 270 billion KRW.

Jeon Juncheol, Director of the Marine Leisure Tourism Division at the Ministry of Oceans and Fisheries, stated, "With the enactment of the Marine Healing Resources Act and its subordinate laws, a foundation has been laid for promoting public health and revitalizing the regional economy using marine healing resources. We will promote systematic management of marine healing resources and continuous development of marine healing programs to foster the marine healing industry as a representative new marine industry."

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