Fishermen engaged in coastal ice fishing in Gangwon Province demand non-taxation of reduction support funds.

Published 2025년 11월 28일

Tridge summary

Fishermen engaged in coastal trawling in Gangwon Province are calling for the exemption of "income tax" on the reduction support funds and are demanding a revision of the Tax Exemption and Special Allowance Act. The Gangwon Coastal Trawling Fishermen's Association (President Yoon Guk-jin) held a discussion with Representative Lee Yang-soo (People Power Party, Sokcho City, Inje County, Goseong County, Yangyang County) on November 22, strongly requesting the withdrawal of taxation on fishing boat reduction support funds and legislative supplementation. Fishermen attending the discussion said, "The reduction of fishing boats was a participation in the restructuring according to government policy, and the support funds are compensation for livelihood recovery," adding, "Taxing this as 'other income' undermines administrative trust."

Original content

Fishermen engaged in coastal trawling in Gangwon Province are calling for the exemption of "income tax" on reduction support funds and demanding a revision of the Tax Exemption and Special Allowance Act. The Gangwon Coastal Trawling Complex Federation (President Yoon Guk-jin) held a meeting with Representative Lee Yang-soo (People Power Party, Sokcho City, Inje County, Goseong County, Yangyang County, Gangwon Province) on November 22, strongly requesting the withdrawal of taxation and legislative supplementation for fishing boat reduction support funds. Fishermen who attended the meeting argued, "Fishing boat reduction was a participation in restructuring according to government policy, and the support funds are compensation for livelihood recovery," and "Taxing this as 'other income' undermines administrative trust." Reduction support funds were exempt from taxation under the Special Law for Fisheries Development from 1994 to 2009, but after the clause expired at the end of 2009, ...
Source: Fisheco

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