Yeongdeok-gun Implements Marine and Fisheries Subsidy Project Worth 5.1 Billion KRW

Applications Open Until February 2 for Fisheries Resources, Fishing Vessel Operations, and Distribution Processing Sectors

Yeongdeok-gun, Gyeongbuk Province, is accepting applications for marine and fisheries subsidy projects aimed at supporting fishermen's production activities and revitalizing the local fisheries industry until the 2nd of next month.

The marine and fisheries subsidy projects consist of 17 projects under three categories: fishery resource projects, fishing vessel support, and seafood distribution and processing support, with a total support budget of 5.1 billion KRW.

Yeongdeok-gun implementing marine and fisheries subsidy projects worth 5.1 billion KRW in 2024.

The fishery resource projects include ▲supply of preventive vaccines for aquatic animals ▲support for seed costs for aquaculture farms ▲modernization of aquaculture facilities ▲distribution of certified buoys ▲support for retrieval equipment for ghost fishing gear ▲supply of advanced equipment for aquaculture farms, with a project budget of 918.8 million KRW (subsidy 593.33 million KRW, self-payment 325.47 million KRW) allocated for fishing equipment and aquaculture support.

The fishing vessel support projects, including this year's new project for fishing vessel scrapping support, cover ▲fishing vessel equipment support ▲distribution of eco-friendly energy-saving equipment ▲establishment of fishing vessel accident prevention systems ▲small fishing vessel safety management support ▲installation of fuel-saving buoyancy panels on fishing vessels, with a project budget of 469 million KRW (subsidy 277 million KRW, self-payment 192 million KRW) allocated to enhance the stability and performance of fishing vessels and support repairs.

The seafood distribution and processing support projects include ▲activation of seafood distribution and processing industries ▲seafood handling and storage facilities ▲promotion of consumption of regionally specialized seafood ▲processing facilities at production sites ▲support for processing equipment, securing a project budget of 3.71 billion KRW (subsidy 2.246 billion KRW, self-payment 1.464 billion KRW), which is 2 billion KRW more than last year, aimed at hygiene, safety, facility modernization, and consumption promotion of seafood.

Applicants include fishermen, fishing villages, fishing corporations, and seafood manufacturing and processing companies. Applications can be submitted by visiting the Marine and Fisheries Division of Yeongdeok-gun. For more details, refer to the announcement posted on the Yeongdeok-gun website.

Selection of recipients will be made by reviewing applications and related documents for each project according to this year’s marine and fisheries project guidelines, considering priorities, and will be finalized after deliberation by the Yeongdeok-gun Local Subsidy Management Committee.

Baek Young-bok, head of the Marine and Fisheries Division, stated, “Due to recent climate crises and environmental issues, seafood consumption has been shrinking. We will do our best to implement this subsidy project fairly and effectively so that it can be a great help to fisheries and fishermen facing difficulties.”

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