Climate Change Management Safety Net Needed to Be Reinforced

Published 2025년 1월 20일

Tridge summary

The Korea Maritime Institute predicts a slight increase in fisheries production this year, following a period of decline due to climate change. The Ministry of Oceans and Fisheries is taking steps to support the industry, including a 100 billion won discount event and the modernization of the Busan Joint Fish Market. However, the aging population and declining numbers of fishermen pose a challenge. The government is implementing policies to encourage young people to join the industry, but the effectiveness is uncertain. The government also plans to expand the Total Allowable Catch system and reduce the number of fishing boats to allow for new entrants. The article also discusses the economic impact of low domestic demand and weakening export growth on the fisheries and fishing village sectors due to climate change.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Korea Maritime Institute (KMI) forecasted that this year’s total fisheries production will increase slightly compared to last year. Unlike last year, when aquaculture production died due to climate change, including the worst high water temperatures ever, and major fish species such as squid and anchovies experienced resource changes, production activities are expected to be maintained to some extent. In particular, it is expected that the outlook for the fisheries industry and fishing villages will not be so gloomy, as fisheries production income and non-fisheries income are expected to increase due to price increases resulting from sluggish production. In this situation, the Ministry of Oceans and Fisheries is giving strength to fishermen and fishing villages by announcing that it will focus on major tasks and set ‘Ocean and Fisheries that Add Warmth to People’s Livelihoods and Vitality to the Economy’ as its business vision for this year. In particular, the Ministry of ...
Source: Fisheco

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