Ryu Jin, Korea Economic Association Chairman: "Coexistence Means Mutual Prosperity... We Will Help Revitalize Fishing Village Economies"

Korea Economic Association Signs Agreement with Ministry of Oceans and Fisheries and Korea Fisheries Infrastructure Promotion Agency
Joining Forces to Revitalize Local Fishing Village Economies and Create Youth Jobs
"Supporting the Establishment of Cooperative Relationships between Fishing Villages and Corporations"

Ryu Jin, Chairman of the Korea Economic Association, stated at the 'Business Agreement Ceremony for Spreading Shared Value Creation between Fishing Villages and Corporations,' held at 10 a.m. on October 1 at the FKI Tower in Yeouido, Seoul, with the Ministry of Oceans and Fisheries and the Korea Fisheries Infrastructure Promotion Agency, "We will support the fishing village economy and revitalize domestic demand, while also helping the economic community move toward becoming a 'K-Maritime Powerhouse.'

Ryu Jin, Chairman of the Korea Economic Association. 2025.07.08 Photo by Yoon Dongjoo

On this day, Chairman Ryu said, "Coexistence goes beyond simply acknowledging each other's existence; it embodies the meaning of mutual growth and prosperity." He added, "I hope that by creating a model of coexistence, more companies and fishing villages will be able to participate."

The Korea Economic Association plans to use this agreement as a foundation to combine the resources of fishing villages with the innovative capabilities of corporations, thereby revitalizing the local economy and creating jobs for young people through a practical cooperation system. In particular, the association will gradually promote various initiatives, including the discovery and sharing of fishing village resources, the development of customized business models for companies, corporate-fishing village matching and professional consulting support, the identification and promotion of best practices, the revitalization of youth, return-to-fishing-village, and local entrepreneurship, as well as joint campaigns and forums.

Additionally, the three organizations agreed to form a dedicated working council to ensure that this agreement leads to tangible results rather than remaining a mere declaration. The council plans to identify and implement specific projects through regular discussions, flexibly adjust the scope and duration of cooperation according to local conditions and corporate needs, and strengthen execution capabilities.

Jeon Jaesoo, Minister of Oceans and Fisheries, said, "Fishing villages are not merely recipients of support but partners in coexistence, creating new value together with corporations. With this agreement as a starting point, we will establish an institutional foundation and strengthen policy support so that fishing villages and corporations can continue a sustainable cooperative relationship."

Hong Jonguk, President of the Korea Fisheries Infrastructure Promotion Agency, stated, "This agreement is the starting point for creating a practical cooperation model by linking the resources of fishing villages with the innovative capabilities of corporations. Through the creation of shared value between fishing villages and corporations, our agency will make multifaceted efforts to provide new sources of income and vitality to fishing village residents, while offering growth opportunities to companies."

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