South Korea: Developing alternative fishing grounds overseas with a budget of 2.4 billion won

In response to the recent decline in squid catches, research is being conducted to explore new fishing grounds in East African waters, such as Kenya, which are known to be rich in squid resources. The Ministry of Oceans and Fisheries announced on the 19th that it will invest 2.4 billion won in this year's 'Overseas Fishing Ground Resource Survey' project budget to explore new fishing grounds targeting waters in East Africa, including Kenya. The Ministry of Oceans and Fisheries plans to hold an overseas fishing ground resource and demand survey and selection committee in the first quarter and promote a survey of overseas fishing ground resources by December. As the development of new overseas fishing grounds becomes necessary due to regulations on high seas fishing and the strengthening of resource localization policies in coastal countries, the Ministry of Oceans and Fisheries has been promoting the ‘Overseas Fishing Ground Resource Survey Project’ to secure fishery ...