South Korea: Jeju Island, TAC fishing vessel quota confirmed

Published 2024년 8월 12일

Tridge summary

Jeju Island has set the total allowable catch (TAC) quota for the next fishing season from July this year to June next year, with a total allocation of 37,418 tons. Out of this, 19,073 tons have been allocated to 561 fishing vessels across four species and four industries, including hairtail. The allocation was decided by a committee that included fishermen's groups, with the remaining 49% (18,345 tons) set as the Jeju Island reserve.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jeju Island has finalized the total allowable catch (TAC) quota for each fishing vessel for the fishing season from July this year to June next year. The total allocation for Jeju Island, as notified by the Ministry of Oceans and Fisheries, is 37,418 tons, of which 19,073 tons, excluding the reserve of 18,345 tons, were allocated to 561 fishing vessels of 4 species and 4 industries, including hairtail. By species, squid was allocated 1,765 tons to 164 offshore jigging and offshore gillnet fishing vessels, hairtail was allocated 9,296 tons to 242 offshore longline and offshore gillnet fishing vessels, croaker was allocated 7,991 tons to 100 offshore gillnet and large-scale trawl fishing vessels, and redfish was allocated 21 tons to 55 offshore gillnet fishing vessels. The allocation criteria were determined through a deliberation committee comprised of fishermen's groups, etc. Considering the TAC quantity and operating conditions by species, 80% of the catch performance and 20% ...
Source: Fisheco

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