South Korea: Jeju Island invests 132.2 billion won in marine and fisheries this year

Published 2023년 1월 16일

Tridge summary

Jeju Island has allocated 132.2 billion won for the development of the fishery, marine industry, haenyeo fishing, and ports, as part of its 2023 maritime and fisheries policy. The funding aims to address various challenges in the sector, including environmental crises, the Fukushima disaster, and the CPTPP. The investment includes funds for safety and stabilization of fishery products, an eco-friendly ship city, quality of life improvements for fishermen, and the establishment of sustainable coastal fishery resources. Additionally, the policy addresses the need for eco-friendly aquaculture, marine leisure tourism, restoration of marine health, and the resumption of cruise ship operations, with a focus on haenyeo fisherwomen and income support for their community.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jeju Island plans to invest a total of 132.2 billion won in the fishery, marine industry, haenyeo fishing, and ports for the 2023 maritime and fisheries policy goal of “creating Jeju sea values and realizing a happy fishing village.” Jeju Island sets up 5 key tasks and 19 action plans in the marine and fisheries sector this year, and focuses on creating Jeju sea values, vitalizing the fishing village economy, and stabilizing the management of fishermen. We will actively respond to the rapidly changing fishery environment, such as internal and external marine environmental crises in the marine and fisheries sector, and devote all our efforts to fostering a sustainable fishery industry that utilizes Jeju sea values. To preemptively respond to changes in the external environment in the maritime and fisheries sector, such as discharge of contaminated water from Fukushima and promotion of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), KRW ...

Source: Fisheco