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Subsidising plunder Korean Government's support to
its distant water fishing industry
2013. 10
Contents
I. Introduction
II. Overview of direct subsidy programmes
III. Available data on subsidies to the Distant Water Fishing industry
1. Direct subsidies
2. Indirect subsidies
IV. Analysis of the support to the Korea’s Distant Water Fisheries
1. ‘Bad’ subsidies
2. A few companies get the lion's share
3. Subsidizing IUU fishing
4. Minor contribution to the national food security
V. Conclusions and Recommendations
※ Appendix 1 : Distant Water Fisheries Subsidy Status (2010-2012)
Subsidising plunder Korean Government's support to its distant water fishing industry
Author
Jiehyun PARK, Ocean Campaigner
Contributors
Congressman KIM Chun Jin, Democratic Party of Republic of Korea,
Duncan Currie, Eleanor Partridge, Elsa Lee, Helene Bours, Sebastian Losada and
Sari Tolvanen
Design
Creative SAI
publish
2013 October
Cover image ⓒ Greenpeace/ Paul Hilton / Bluefin Tuna Action in the Mediterranean
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An in-depth audit of public subsidies to the fishing sector in Korea is urgently needed. This report
analyzes public support programs provided to the Korean Distant Water Fishing (DWF) industry and
makes recommendations in order to ensure public subsidy policies support sustainable fisheries.
According to the research conducted by Greenpeace and Korean congressman Chun-jin Kim’s office
based on data released by the Ministry of Oceans and Fisheries (MOF):
- from 2010 to 2012 direct and indirect subsidies to the DWF industry amounted to approximately
910 billion Korean Won (KRW1) (an average of 303.1 billion KRW per year2), if other indirect
support not quantified by the MOF is added, public support to the Korean DWF industry would
have increased more this three year period;
- just six major fishing companies out of the 46 companies that received support accounted for
80 % of the direct subsidies;
- Five of the six major companies referred above have been involved in illegal fishing activities.
Section 2 of the report provides basic information on seven direct subsidy programmes implemented
by the Korean Government. Section 3 looks into the overall financial support to the DWF fleet, which
is composed of direct subsidies, including low interest loan programs, as well as indirect subsidies. Tax
exemptions on fuel for DWF vessels are the most common form of indirect subsidy in Korea. Section
4 discusses whether those subsidies should be characterized as positive or negative depending on
whether they have the potential to contribute to a more sustainable fishing sector. Most of the
support to the Korean Distant Water Fishing industry would be qualified as ‘bad’ subsidies and is
highly concentrated towards a small number of very large fishing companies. Companies involved in
or charged with illegal, unreported and unregulated (IUU) fishing were found to have benefited from
these programmes too, even after the IUU incidents took place. In addition the main justification for
the support, which is the DWF industry’s contribution to national food security, is highly questionable,
particularly by the tuna industry. Section 5 contains policy suggestions to reform the current support
programmes.
Ⅰ. Introduction
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Ⅱ. Overview of direct subsidy programmes
What is a fisheries subsidy? Article 1 of the Agreement on Subsidies and Countervailing Measures of
the World Trade Organization defines the concept of fisheries subsidies, as “a financial contribution
by the public sector that provides private benefits to the fisheries sector”3.
Direct subsidies involve the direct transfer of money from the public to the private sector, including
through low interest rate loans. Indirect subsidies include several forms of support that reduce the
costs of DWF operations, increasing the revenues of the companies.
The following table summarizes the different direct subsidy programmes identified in the data
disclosed by the Korean MOF for the period 2010-2012.
Name Description
DWF Industry
Support Fund
Under the national ‘Ocean Industry Development Act’4, this programme provides loans at
preferential rates. Although the smaller fishing companies or the newcomers are supposed
to be the main beneficiaries, it also supports large DWF companies' activities aimed at
developing new fisheries and fish exports. The funds available for this program amount to
143 billion KRW for fishing operations and 5 billion KRW to support the establishment of
joint ventures abroad (including in the aquaculture sector). The support consists of loans
at a low interest rate (3%) for 1 year of loan term. The credit ranges from 40% to 60% of
the total cost depending on the amount granted.
Old Vessel
Replacement
(constuction)
This programme benefits companies operating purse seiners under the Ocean Industry
Development Act. It provides low interest loans for the construction of new purse seine
vessels. 70% of the cost is covered by the loan and 30% is paid by the company. The program
offers a 4% interest rate under the condition of repayment in 7 years, with a 3 year grace
period. The KOFA (Korea Overseas Fisheries Association)5 is in charge of this program.
Vessel Equipment
Modernization
Supports the renewal of equipment on board vessels older than 21 years in the trawler
and jigging sectors. 100% of the coast is covered by the loan, at a 3% interest rate under
the condition of repayment in 7 years, with a 3 year grace period.
Assistance to
Promote Exports
Aimed at fishing companies exporting processed seafood. This program provides low
interest rate loans to purchase raw materials for export. 100% of loan and payment in 1
year term with the 3 % low rate.
Investment Support
for Fishing Facilities
Abroad
It supports companies involved in business abroad in the areas of aquaculture, distribution
and processing. 80% of the costs are covered by the loan and 20% by the companies at a
2% interest rate. Repayment is expected in 7 years, with a 3 years grace-period.
Industry Promotion
Subsidy –
Exploratory fishing
This programme grants money to companies participating in exploratory fisheries abroad.
Foreign Market
Development
This is a grant programme that aims to promote seafood exports. It supports promotion
and marketing costs such as entry fees to Fisheries International Exhibitions or other
expenses related to the promotion of Korean fish products abroad. The grant covers
between 50% and 100% of the total cost depending on the content.
Table 1. Direct subsidy programmes benefiting the DWF industry in Korea
Source: KOFA (Korea Overseas Fisheries Association) yearbook 2012
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Ⅲ. Available data on subsidies to the Distant Water Fishing industry
According to the data disclosed by the MOF, from 2010 to 2012, the DWF industry received both
direct and indirect subsidies amounting to approximately 910 billion KRW, or an average of about
303.1 billion KRW per year. When other forms of indirect support not quantified in the data disclosed
by the MOF are taken into account, the overall amount would increase more in this three year period
Year Direct subsidies Indirect subsidies Total
2010 247,634 34,692 282,326
2011 272,615 37,252 309,867
2012 280,883 36,253 317,136
Total (with rounding) 801,132 108,197 909,329
1. Direct subsidies
From 2010 to 2012 a total 801.1 billion KRW were given as direct subsidies to 46 DWF companies.
The total amount corresponding to the seven programmes described in the table 3 was 247.6 billion
KRW in 2010, and has increased by about 33.2 billion KRW in 3 years. The biggest part of this
corresponds to the DWF Industry Support Fund, which amounts to 699.2 billion KRW, followed by
the Old Vessel Replacement programme, which received 68.7billion KRW. We note with concern that
subsidies available under Old Vessel Replacement have increased significantly from 2010 to 2012
(74% in two years).
Table 3. Breakdown of direct subsidies to DWF industry of Korea
Table 2. Subsidies to the DWF industry of Korea according to the MOF
Year
DWF
Industry
Support
Fund
Foreign
Market
Development
Old Vessel
Replacement
(construction)
Assistance
to Promote
Exports
Industry
Promotion
Subsidy
Investment
support
for Fishing
Facilities
abroad
Vessel
Equipment
Modernization
Total
2010 223,195 28 16,376 5,735 1,400 - 900 247,634
2011 236,387 31 23,904 10,087 506 700 1,000 272,615
2012 239,677 34 28,445 10,327 800 600 1,000 280,883
Total 699,259 92 68,725 26,149 2,706 1,300 2,900 801,131
(Unit: Million KRW)
(Unit: million KRW)
Refer to the Distant Water Fisheries Subsidy Status (2010-2012) in the Appendix 1 for detailed breakdown of
direct subsidies
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2. Indirect subsidies
Indirect subsidies correspond to government policies (such as tax benefits) or money paid to third
parties on behalf of the fishing industry (such as access fees/ODA) that increase the revenue or reduce
the costs incurred by fishing companies. A major form of indirect subsidy is fuel subsidies. The fuel
tax exemption provided to the DWF industry is estimated at 170.2 billion KRW from 2008 to 2012
according to the official data, ‘Fuel tax exemption to the Distant Water Fishery 2008-2012’ provided
by the Ministry of Oceans and Fisheries. This fuel support includes exemptions from taxes such as the
‘Transport Energy Environment Tax’, ‘Education Tax’, ‘Transport Tax’ or VAT.
Indirect subsidies include also assistance provided by the Korea Overseas Fisheries Association (KOFA)
and the Official Development Assistance (ODA). KOFA is a special corporation that supports the
DWF industry, including by providing statistics on DWF activities every year, analysis and research of
foreign markets, etc. The ODA programme was established to provide development assistance to
coastal States in Africa or the Pacific. However, rather than focusing on technology transfer or local
investments to the benefit of the6 local fishing industry, the ODA programme has been extensively
used to secure fishing access to developing countries' waters. From this point of view, this programme
should be mostly considered an indirect subsidy.
In addition, other indirect subsidies are still to be precisely quantified but if they were included, the
amount of indirect support would certainly be larger.
Table 4. Indirect subsidies to DWF industry of Korea (Unit: Million KRW)
Year Fuel subsidy KOFA assistance ODA for DWF industry SubTotal
2008 32,062 - 400 32,462
2009 33,780 - 400 34,180
2010 34,192 - 500 34,692
2011 35,904 348 1,000 37,252
2012 34,294 359 1,600 36,253
2013 Not available 359 Not available yet 359
Total for years 170,232 1,066 3,900 175,198
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Ⅳ. Analysis of the support to the Korea’s Distant Water Fisheries
1. ‘Bad’ subsidies
Professor Rashid Sumaila at the University of British Colombia in Canada classifies fisheries subsidies as
‘good’, ‘bad’ and ‘ugly’7. Good subsidies are those that serve to maximize the benefits of fish resources
for the society as a whole, including those used to support the implementation of conservation and
management measures, fisheries science or monitoring, control and surveillance programmes, all of
them pillars of sound fisheries management. Bad subsidies are all forms of subsidies that serve to
reduce the costs of or increase the revenue from fishing operations, often allowing fishing companies
to be profitable even when resources are overexploited. Ugly subsidies have the potential to act
either way, although they often turn out to have negative effects. This system has been widely used
worldwide when categorising fishery subsidies. Most subsidies included in the Korean programmes
reported by MOF and described in section 2 and 3 above fall into the ‘bad’ subsidy category. The
fact that the Korean government has also supported companies which were engaged in IUU fishing
activities in recent years calls for even more scrutiny on how these public funds are used.
FAO State of the World's Fisheries 2006-2012
200672
74
76
78
80
82
84
86
88
2008 2010 2012
Figure 1. Exploitation rate of world marine resource, FAO 2012
Fully and
Overexploited
x
x
x
x
x
According to the United Nations Food and Agriculture Organization (FAO), in 20128 87% of fish stocks
were overexploited, fully exploited or recovering. In this context fishing levels should not be increased
any further and in most cases they should be reduced to ensure sustainability and long-term productivity.
Bad subsidies received by the fishing industry are a major contributor to overfishing worldwide, with
major implications for food security, biodiversity and income and employment in fishing communities
throughout the world.9 Taking tuna for example, five of the major tuna species are listed as threatened
on the IUCN Red List10 due to overfishing with a sixth species, Pacific Bluefin tuna, now known to be
in a much worse state than it was when the Red List assessments were done). According to the recent
study by Sumailaet al11, fishery subsidies provided to DWF in Korea was about 236 million US Dollars
in 2009, which ranked second among the twenty nine countries fishing for tuna and tuna like species
in Western and Central Pacific .
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2. A few companies get the lion's share
Over the last three years, government direct subsidies heavily concentrated on a few major companies
such as Dongwon Industries, Sajo group12, Silla, Hansung Enterprise, In Sung Corporation with its
two affiliates13 and Dongwon Fisheries. These six companies accounted for 641.1 billion KRW in
direct subsidies, approximately 80 % of the total, while 40 other companies were supported with
approximately 160 billion KRW for the last three years.
Out of these top recipients, the largest portion of the pie, about 54.4 % of the direct support or 435
billion KRW, was directed to Dongwon Industries and the Sajo group as shown in table 5.
Table 5. Total direct subsidies received by the six largest recipients
from 2010 to 2012
Name of the company Amount Weight %
Dongwon Industries 203,348 25.38
Sajo Group
Sajo industries 145,483 18.16
Sajo Daerim 7,732 0.97
Sajo Seafood 30,441 3.8
Sajo Oyang 48,470 6.05
Silla 60,526 7.56
Hansung Enterprise 37,100 4.63
Insung Group
Insung Corporation 40,648 5.07
Honjin Corporation 4,480 0.8
Insung Foods 2,240 0.28
Dongwon Fisheries 60,644 7.57
Total 641,112 80
Sourced from the data sheet ‘Distant Water Fisheries Subsidy Status (2010-2012) in the Appendix 1 by MOF
(Unit: Million KRW)
In the case of the subsidies for Vessel Equipment Modernization, Foreign Market Development, Assistance
to Promote Exports and Investment Support for Fishing Facilities Abroad, more than 50% of the total was
given to Dongwon Industries alone. The entire amount under Vessel Equipment Modernization and 86% of
Foreign Market Development was given to Dongwon Industries.
More astounding is the fact that the MOF has supported large sums of taxpayers’ money to companies
involved in well documented and known IUU fishing cases (see Section 4.3). The largest amount of grants was
received by Dongwon Industries, a company involved in several IUU cases. This includes a total 663 million KRW
over three years under the categories ‘Industry promotion subsidy’ and ‘Foreign Market Development’, making
Dongwon Industries again the largest beneficiary. Support granted under these categories does not consist
of loans, but grants, and therefore it doesn't have to be repaid by the companies. Also In Sung Corporation,
which was involved in the main case which served as a basis for Korea being designated as an IUU country
by the US, received grants worth 524 million KRW14 according to the data sheet submitted by the Ministry of
Oceans and Fisheries. (Refer to the Appendix 1 Distant Water Fisheries Subsidy Status (2010-2012)).
3. Subsidizing IUU fishing
Fisheries subsidies continued to be provided to companies involved in IUU fishing activities. According to
another official data, ‘Subsidies Status for IUU fishing industry 2010-2012’ released by the MOF15, seven
companies involved in IUU fishing activities and sanctioned accordingly by the government received
direct subsidies between 2010 and 2012 amounting to 51.6 billion KRW. But when referred to the
‘Distant Water Fisheries Subsidy Status (2010-2012) in the Appendix 1, these seven companies involved
in IUU fishing activities benefitted from about 60.1 billion KRW in last three years as seen in the table 6.
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Company YearDirect
subsidy data 116
Direct subsidy
data 217 IUU cases/ offences
Insung Corp.
2010 5,090.6 9,583
2011 5,091.5 13,413 Insung 7. Overcatch of toothfish in a subarea of Ross Sea in the Southern Ocean (2011).
2012 8,087.5 17,653 Kwangja overcatch in SPRFMO waters (2012 March)
Total 18,270 40,648
Daehyun Fisheries
2010 6,028 -
2011 4,392 - Ocean 2 and Ocean 5. Illegal transhipment the in EEZ of Guinea-Bissau (2011 March)Ocean 3. Illegal fishing without license in Sierra Leone (2011 October)
2012 5,892 2,396
Total 16,312 2,396
Sajo Daerim
2010 2,689.6 2,690
Chungyong 81. Under-reporting of catches in the Russian EEZ (2008 September)2011 2,688.5 2,689
2012 2,353.5 2,354
Total 7731.6 7,732
Poonglim Fishery
2010 993 993
2011 1,733 1,733 Poonglim 7. Illegal transhipment in the EEZ of Guinea-Bissau (2011 March)
2012 1,580 1,580
Total 4,306 4,306
Rasa Trading Corp.
2010 1,000 1,000 Baekyang 29 and Baekyang 37. Illegal fishing in the EEZ of Guinea-Bissau (2010 August)
2011 1,000 1,000 Baekyang 29 and Baekyang 37. Illegal transhipment (2011 March)
2012 1,000 1,000
Total 3,000 3,000
Sunmin Corp.
2010 290 290
Eunhe 9. Illegal fishing in the Russian EEZ (2008 August)2011 770 770
2012 270 270
Total 1,330 1,330
Seokyung
2010 500 500
2011 100 100 Twostar, Fivestar, Ninestar and Jupiter. Illegal transhipment in the EEZ of Guinea-Bissau (2011 March)
2012 100 100
Total 700 700
Total 51,649.2 60,114
Table 6. IUU cases recognized by the Korean government and the subsidies
It is a major flaw in the Korean governments' obligations towards the management of fishing activities that
the government continued to grant support to companies involved in IUU fishing and even human rights
abuses of foreign crew on board their vessels after such cases were documented. These subsidies lessen the
consequences of financial penalties imposed on them to combat IUU.
The Insung 7, owned by Insung Corporation, was caught catching 35.5 tons of toothfish (almost four times
more than its allowed quota) in a subarea of the Southern Ocean in 2011. The illegal catch was estimated to
be worth 710,000 USD18. As a result the EU proposed the blacklisting of the Insung 7 by CCAMLR in 2011.
Even though Korea admitted the IUU allegations the Korean delegation at CCAMLR blocked the blacklisting.
However, based on this case, Korea was designated as an IUU fishing country by the US in 2013. As seen in
the table above, the Korean government continued to subsidize Insung Corp. after the incident – the company
received at maximum 17.6 billion KRW in direct subsidies in 2012 - and to our knowledge it has made no
attempt to recover any of the public money granted to the company.
The Chungyong 81, a bottom longliner belonging to Sajo Daerim, has recently been released after being
arrested by the French Navy for entering the French EEZ adjacent to CCAMLR waters19. Another subsidiary of
Sajo Group, Sajo Oyang was involved in human right abuses of foreign crew in New Zealand Waters in 201120.
Besides these well established cases, there are numerous IUU allegations involving other major fishing
companies such as Dongwon Industries, Silla, and Dongwon Fisheries.
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Company IUU cases/offences
Dongwon Industries Co., Ltd Premier, Solevant. Fishing with a forged fishing license in Liberia (2011-2012).21
Silla Panofi (joint-venture owned by Silla). Illegal transshipment in Ghana22 (2011).
Dongwon FisheriesDongwon 629(ex Melilla 103, Dongwon 630(ex Melilla 101) ICCAT blacklisted
for illegal fishing23
Table 7. Other IUU fishing cases involving major companies
The direct and indirect public support to the DWF industry is often justified on the grounds of securing the
countries' food supply through the activity of its DWF fleet. In 2012, DWF fleet catches of tuna, pollock, saury
and squid amounted to 510,624 tonnes caught by 334 vessels24. According to a KOFA report presented at
a National Assembly workshop held by Greenpeace on May 2013 in Korea, the DWF industry provided 37%
of the domestic supply of seafood in 2012. However these figures require closer scrutiny. Tuna being mainly
an export fishery item, its contribution to meet local demand for seafood is low. As the table below shows,
tuna represents 49% of total fish production of Korea’s DWF industry but about 86% of this tuna is exported.
Amongst the six major companies receiving most of the support, five-Dongwon Industries, Sajo group,Silla,
Hansung Enterprise, and Dongwon Fisheries, are focused on tuna fishing.
4. Minor contribution to the national food security
FisheryTotal catch
(M/T) (a)
Sub total (tuna vs
non-tuna) (M/T) (b)
Total Exports
(M/T) (c)
% of total catch that is
exported (d = c/b*100)
Longline Tuna 41,011253,639 217,815 86%
Purse Seine Tuna 212,628
Saury Stick held dip net 18,068
256,276 119,145 46%
North Pacific Ocean Trawl 49,976
Squid Jigging 34,992
Overseas Trawl 143,223
Bottom Longline 7,782
Mother Ship Type Pole and line 2,235
Total 510,624 336,960 66%
Table 8. Total Catch and Exports of the Distant Water Fishing fleet 2012
Sourced from Distant Water Fishery statistics 2012, Ministry of Oceans and Fisheries
The contribution of DWF catch to domestic supply is assumed to be that portion that is not exported. Based
on the official statistics from the Ministry of Oceans and Fisheries, the contribution of tuna and non-tuna (all
other species) DWF to domestic supply is therefore estimated as follows.
Table 9. Contribution of DWF to domestic supply (assumption)
Domestic supply
(M/T) (e = b-c)
Contribution to DWF’s portion of
domestic supply (f = e/172,955*100))
Contribution to total
domestic supply (f*37)
Tuna (DWF) 35,824 21% 7.77%
Non-tuna (DWF) 137,131 79% 29.2%
Total 172,955 100%
In summary, we can assume that DWF for tuna contribute less than 10 % of the domestic fish supply while
the major companies engaged primarily in these fisheries receive 80% of the direct subsidies analyzed in this
report. Harmful subsidies policies are maintaining overcapacity and fueling overfishing which in the long-term
are the real threat to Korea’s food security as stocks decline. Therefore, it can be argued that “bad” subsidies are
in fact doing the opposite of what the Government says it stands for, and are threatening Korea's long-term
food security through resource depletion in the name of private profit.
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Ⅴ. Conclusions and Recommendations
The Korean fishing fleet operates all over the world and it is therefore of the highest importance that
the Korean Government's fisheries policies contribute to the sustainability of fish resources. A certain
level of public support to the fishing sector is expected, however it is crucial that taxpayers money is
used in a way that ensures that both fish stocks and the environment they rely upon are preserved in
the long term and that the benefits for the Korean society at large are maximized.
The size of the Korean DWF fleet has been decreasing recently, partly due to diminishing fishing
opportunities25. Even though the DWF fleet makes an important part of the Korean fishing sector,
the level of support offered by the Government seems excessive. The data released by the Korean
MOF that Greenpeace has compiled in this report shows that public money has been allocated to
support programmes which are widely acknowledged to fuel overcapacity and overfishing (grouped
under the term “bad subsidies”). In addition, the majority of this money has been allocated to a few
large operators. The fact that most of these operators have been repeatedly involved in IUU fishing
operations adds even more urgency to an urgent, open and public debate about how Korean taxpayers
money is used to support the fishing industry. Some indirect subsidies remain to be quantified.
In summary, Korean taxpayers' money in support of fishing activities has been recently allocated to
the wrong types of programmes; it has been concentrating in a few hands; support has not been
made conditional upon compliance with the rules; and to our knowledge there is no in-depth cost-
benefit analysis to inform the policy.
Greenpeace therefore calls on the Korean Government to ensure the following measures are taken
in order to ensure public money goes to the right types of support:
1. Immediately abandon subsidies which contribute to overcapacity and overfishing, in
particular any financial support given to companies to build new fishing vessels.
2. Urgently include strong conditionalities in national legislation to ensure any company
involved in IUU fishing activities is excluded from public support programmes.
Recently, the Korean National Assembly has revised the “Ocean Industry Development
Act” including a new provision to stop the support to the fishing industry in cases of IUU
fishing activities. But this needs to be specified in detail. Korean subsidies regulations
should include the immediate suspension of payments in cases of reasoned allegations
of IUU fishing as well as obligations for the companies to return the money in cases of
demonstrated non-compliance with fisheries laws.Korea's international reputation is being
compromised by the irresponsible behaviour of some of its fishing companies that currently
receive subsidies, as can be seen by Korea's recent designation as an IUU fishing nation by
the US.
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3. Ensure through Korea's public support programmes adequate funding for data collection,
fisheries research, monitoring, control and surveillance (MCS), as well as other programmes
and actions which contribute to ensure a participatory and sustainable management of
fisheries.
4. Grant preferential access to public financial aid to those fishermen whose activity brings
the higher benefits to the Korean society and fish with the lowest environmental impact.
Rather than concentrating public support in a few large companies, the Korean government
should establish clear criteria in order to fairly allocate those funds to those contributing
the most to the Korean society as a whole. These criteria should include environmental
and social criteria. In general, small-scale low-impact fisheries have the highest potential to
fulfill these criteria and should be given adequate access to public funding.
5. Investigate an in-depth audit on the use of public money in support of the distant water
fishing industry over the last 5 years by the National Assembly of Korea
Such audit should look at all forms of direct and indirect subsidies allocated by the
Government, as well as to the results of current subsidies policies, including an assessment
of whether these have contributed to a more sustainable fishing sector and of whether all
segments of the fleet, the artisanal sector in particular, have had an adequate access to
funds.
A concerted effort to eradicate bad subsidies is clearly needed and increased support for fisheries
management and conservation of fish stocks and the marine environment would go a long way to
demonstrate Korea is serious about ensuring sustainable as well as economically viable fisheries by its
fishing industry, including its DWF fleet.
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No Beneficiary Year
Financial Status Distant Water Fisheries Subsidy (2010-2012)
Overall Sales Net ProfitExport Sales
Assistance to Fishery
& Management
Foreign Market Development
Old Fishing Vessel Replacement
Assistance to Promote Exports
Industry Promo-tion Subsidy
Investment grant for Fishing Facili-
ties abroad
Vessel Modern-ization
Total
Amount Weight Amount Weight Amount Weight Amount Weight Amount Weight Amount Weight Amount Weight Amount Weight
1Dongwon
Industries
2010 572,024 95,900 216,009 55,320 24.79 19 67.86 0.00 5,000 87.18 478 34.14 0.00 900 100.00 61,717 24.922011 628,948 77,629 182,213 57,500 24.32 29 93.55 0.00 5,000 49.57 106 20.95 700 100.00 1,000 100.00 64,335 23.602012 779,756 100,363 222,611 57,500 23.99 32 94.12 13,764 48.39 5,000 48.42 0.00 0.00 1,000 100.00 77,296 27.52Total 1,980,728 273,892 620,833 170,320 24.36 80 86.96 13,764 20.03 15,000 57.36 584 21.58 700 53.85 2,900 100.00 203,348 25.38
2Sajo
Industries
2010 376,296 37,395 58,636 41,352 18.53 0.00 2,230 13.62 0.00 0.00 0.00 0.00 43,582 17.602011 412,536 21,463 55,188 39,926 16.89 0.00 13,250 55.43 0.00 0.00 0.00 0.00 53,176 19.512012 443,279 17,002 41,195 41,352 17.25 0.00 7,373 25.92 0.00 0.00 0.00 0.00 48,725 17.35Total 1,232,111 75,860 155,019 122,630 17.54 0.00 22,853 33.25 0.00 0.00 0.00 0.00 145,483 18.16
3 Silla
2010 310,237 42,938 60,734 15,448 6.92 0.00 3,528 21.54 0.00 0.00 0.00 0.00 18,976 7.662011 321,270 27,240 49,550 15,448 6.54 0.00 10,654 44.57 0.00 0.00 0.00 0.00 26,102 9.572012 437,960 68,346 93,601 15,448 6.45 0.00 0.00 0.00 0.00 0.00 0.00 15,448 5.50Total 1,069,467 138,524 203,885 46,344 6.63 0.00 14,182 20.64 0.00 0.00 0.00 0.00 60,526 7.56
4Sajo
Daerim
2010 308,422 19,023 3,498 2,688 1.20 2 5.71 0.00 0.00 0.00 0.00 0.00 2,690 1.092011 371,466 6,896 7,960 2,688 1.14 0.5 1.61 0.00 0.00 0.00 0.00 0.00 2,689 0.992012 378,399 -3,556 1,451 2,353 0.98 0.5 1.47 0.00 0.00 0.00 0.00 0.00 2,354 0.84Total 1,058,287 22,363 12,909 7,729 1.11 3 2.83 0.00 0.00 0.00 0.00 0.00 7,732 0.97
5Sajo
Seafood
2010 219,576 13,088 5,082 5,204 2.33 6 21.43 10,618 64.84 735 12.82 0.00 0.00 0.00 16,563 6.692011 280,805 17,627 110,389 6,204 2.62 0.00 0.00 735 7.29 0.00 0.00 0.00 6,939 2.552012 281,986 6,760 104,123 6,204 2.59 0.00 0.00 735 7.12 0.00 0.00 0.00 6,939 2.47Total 782,367 37,475 219,594 17,612 2.52 6 6.52 10,618 15.45 2,205 8.43 0.00 0.00 0.00 30,441 3.80
6Hansung
Enterprise
2010 253,611 4,938 3,936 7,864 3.52 0.00 0.00 0.00 0.00 0.00 0.00 7,864 3.182011 268,378 6,785 3,738 10,964 4.64 0.00 0.00 0.00 0.00 0.00 0.00 10,964 4.022012 272,904 3,717 9,523 10,964 4.57 0.00 7,308 25.69 0.00 0.00 0.00 0.00 18,272 6.51Total 794,893 15,440 17,197 29,792 4.26 0.00 7,308 10.63 0.00 0.00 0.00 0.00 37,100 4.63
7Sajo
Oyang
2010 126,404 17,955 21,505 14,772 6.62 0.00 0.00 0.00 0.00 0.00 0.00 14,772 5.972011 137,323 6,522 21,224 16,849 7.13 0.00 0.00 0.00 0.00 0.00 0.00 16,849 6.182012 127,186 576 10,600 16,849 7.03 0.00 0.00 0.00 0.00 0.00 0.00 16,849 6.00Total 390,913 25,053 53,329 48,470 6.93 0.00 0.00 0.00 0.00 0.00 0.00 48,470 6.05
8
In Sung
Corpora-
tion
2010 120,632 2,913 38,089 9,060 4.06 1 1.79 0.00 0.00 522 37.29 0.00 0.00 9,583 3.872011 123,715 32 57,505 9,060 3.83 1 1.94 0.00 4,352 43.14 0.00 0.00 0.00 13,413 4.922012 126,731 -4,575 57,131 13,060 5.45 1 1.47 0.00 4,592 44.47 0.00 0.00 0.00 17,653 6.28Total 371,078 -1,630 152,725 31,180 4.46 2 1.74 0.00 8,944 34.20 522 19.29 0.00 0.00 40,648 5.07
9Dongwon
Fisheries
2010 104,685 4,407 42,657 18,548 8.31 0.00 0.00 0.00 0.00 0.00 0.00 18,548 7.492011 113,892 3,987 39,067 20,048 8.48 0.00 0.00 0.00 0.00 0.00 0.00 20,048 7.352012 110,931 2,426 33,083 22,048 9.20 0.00 0.00 0.00 0.00 0.00 0.00 22,048 7.85Total 329,508 10,820 114,807 60,644 8.67 0.00 0.00 0.00 0.00 0.00 0.00 60,644 7.57
10Agnes
Fisheries
2010 51,903 1,823 5,876 2.63 0.00 0.00 0.00 0.00 0.00 0.00 5,876 2.372011 61,970 5,677 6,376 2.70 0.00 0.00 0.00 0.00 0.00 0.00 6,376 2.342012 45,820 2,141 3,347 6,282 2.62 0.00 0.00 0.00 0.00 0.00 0.00 6,282 2.24Total 159,693 9,641 3,347 18,534 2.65 0.00 0.00 0.00 0.00 0.00 0.00 18,534 2.31
11Inter-
Burgo
2010 21,862 589 2,421 1,250 0.56 0.00 0.00 0.00 0.00 0.00 0.00 1,250 0.502011 22,175 306 4,615 1,250 0.53 0.00 0.00 0.00 0.00 0.00 0.00 1,250 0.462012 29,076 1,733 3,980 1,250 0.52 0.00 0.00 0.00 0.00 0.00 0.00 1,250 0.45Total 73,113 2,628 11,016 3,750 0.54 0.00 0.00 0.00 0.00 0.00 0.00 3,750 0.47
12 Dongnam
2010 107,091 3,112 19,950 4,305 1.93 0.00 0.00 0.00 0.00 0.00 0.00 4,305 1.742011 143,700 3,476 31,934 7,320 3.10 0.00 0.00 0.00 0.00 0.00 0.00 7,320 2.692012 121,852 2,138 26,377 7,470 3.12 0.00 0.00 0.00 0.00 600 100.00 0.00 8,070 2.87Total 372,643 8,726 78,261 19,095 2.73 0.00 0.00 0.00 0.00 600 46.15 0.00 19,695 2.46
13
TongY-
oung
Industries
2010 23,821 977 179 5,129 2.30 0.00 0.00 0.00 0.00 0.00 0.00 5,129 2.072011 42,414 4,135 7,200 3.05 0.00 0.00 0.00 0.00 0.00 0.00 7,200 2.642012 35,897 297 7,200 3.00 0.00 0.00 0.00 0.00 0.00 0.00 7,200 2.56소계 102,132 5,112 476 19,529 2.79 0.00 0.00 0.00 0.00 0.00 0.00 19,529 2.44
14
Keum-
woong
Fisheries
Co., Ltd
2010 24,981 525 4,064 2,254 1.01 0.00 0.00 0.00 0.00 0.00 0.00 2,254 0.912011 29,454 191 4,981 2,254 0.95 0.00 0.00 0.00 0.00 0.00 0.00 2,254 0.832012 32,797 -1,105 5,829 2,254 0.94 0.00 0.00 0.00 0.00 0.00 0.00 2,254 0.80
Total 87,232 -389 14,874 6,762 0.97 0.00 0.00 0.00 0.00 0.00 0.00 6,762 0.84
15
Seong-
kyung
Fisheries
Co., Ltd
2010 49,364 4,628 3,280 1.47 0.00 0.00 0.00 0.00 0.00 0.00 3,280 1.322011 42,743 3,604 3,220 1.36 0.00 0.00 0.00 0.00 0.00 0.00 3,220 1.182012 30,861 -860 2,002 0.84 0.00 0.00 0.00 0.00 0.00 0.00 2,002 0.71
Total 122,968 7,372 - 8,502 1.22 0.00 0.00 0.00 0.00 0.00 0.00 8,502 1.06
16
Seokyung
Corpora-
tion
2010 20,286 67 2,728 100 0.04 0.00 0.00 0.00 400 28.57 0.00 0.00 500 0.202011 23,175 -394 2,649 100 0.04 0.00 0.00 0.00 0.00 0.00 0.00 100 0.042012 28,182 2,254 100 0.04 0.00 0.00 0.00 0.00 0.00 0.00 100 0.04Total 71,643 -327 7,631 300 0.04 0.00 0.00 0.00 400 14.78 0.00 0.00 700 0.09
17
Hongjin
Corpora-
tion
2010 25,738 84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 34,863 3,620 2,240 0.95 0.00 0.00 0.00 0.00 0.00 0.00 2,240 0.822012 25,733 2,394 2,240 0.93 0.00 0.00 0.00 0.00 0.00 0.00 2,240 0.80Total 86,334 6,098 4,480 0.64 0.00 0.00 0.00 0.00 0.00 0.00 4,480 0.56
18
Rasa
Trading
Co., LTD
2010 19,659 168 11,648 1,000 0.45 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.402011 20,436 457 12,863 1,000 0.42 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.372012 25,678 117 15,727 1,000 0.42 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.36Total 65,773 742 40,238 3,000 0.43 0.00 0.00 0.00 0.00 0.00 0.00 3,000 0.37
19
Keukdong
Fisheries
Co., Ltd
2010 42,163 4,102 5,270 2.36 0.00 0.00 0.00 0.00 0.00 0.00 5,270 2.132011 33,345 307 5,270 2.23 0.00 0.00 0.00 0.00 0.00 0.00 5,270 1.932012 21,022 5,372 3,910 1.63 0.00 0.00 0.00 0.00 0.00 0.00 3,910 1.39Total 96,530 9,781 - 14,450 2.07 0.00 0.00 0.00 0.00 0.00 0.00 14,450 1.80
20
Taejin
Fisheries
Co., Ltd
2010 8,701 -2,017 3,761 644 0.29 0.00 0.00 0.00 0.00 0.00 0.00 644 0.262011 23,307 998 10,747 624 0.26 0.00 0.00 0.00 0.00 0.00 0.00 624 0.232012 20,702 156 11,985 624 0.26 0.00 0.00 0.00 0.00 0.00 0.00 624 0.22Total 52,710 -863 26,493 1,892 0.27 0.00 0.00 0.00 0.00 0.00 0.00 1,892 0.24
21
Daehae
Fisheries
Co., Ltd
2010 26,279 2,745 20,702 4,992 2.24 0.00 0.00 0.00 0.00 0.00 0.00 4,992 2.022011 23,387 2,208 20,020 4,992 2.11 0.00 0.00 0.00 0.00 0.00 0.00 4,992 1.832012 19,998 335 15,938 5,892 2.46 0.00 0.00 0.00 0.00 0.00 0.00 5,892 2.10Total 69,664 5,288 56,660 15,876 2.27 0.00 0.00 0.00 0.00 0.00 0.00 15,876 1.98
22 Haejung
2010 14,125 2,512 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 20,672 342 2,728 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 16,424 -751 5,974 800 0.33 0.00 0.00 0.00 0.00 0.00 0.00 800 0.28Total 51,221 -409 11,214 800 0.11 0.00 0.00 0.00 0.00 0.00 0.00 800 0.10
23
Dongbu
Fisheries
Co., Ltd
2010 6,195 -1,146 400 0.18 0.00 0.00 0.00 0.00 0.00 0.00 400 0.162011 12,142 363 400 0.17 0.00 0.00 0.00 0.00 0.00 0.00 400 0.152012 14,294 41 322 0.13 0.00 0.00 0.00 0.00 0.00 0.00 322 0.11Total 32,631 -783 41 1,122 0.16 0.00 0.00 0.00 0.00 0.00 0.00 1,122 0.14
■ Appendix 1. Distant Water Fisheries Subsidy Status (2010-2012)
13
Sub
sidisin
g p
lun
der K
orean
Go
vernm
ent's su
pp
ort to
its distan
t water fish
ing
ind
ustry
24
Kueumpy-eong
Fisheries Co., Ltd
2010 15,364 -284 5,659 682 0.31 0.00 0.00 0.00 0.00 0.00 0.00 682 0.282011 16,519 532 1,083 466 0.20 0.00 0.00 0.00 0.00 0.00 0.00 466 0.172012 13,727 461 1,436 466 0.19 0.00 0.00 0.00 0.00 0.00 0.00 466 0.17Total 45,610 709 8,178 1,614 0.23 0.00 0.00 0.00 0.00 0.00 0.00 1,614 0.20
25
KNambuk
Fisheries
Co., Ltd
2010 17,345 3,032 1,000 0.45 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.402011 13,467 123 2,000 0.85 0.00 0.00 0.00 0.00 0.00 0.00 2,000 0.732012 16,175 -1,723 2,000 0.83 0.00 0.00 0.00 0.00 0.00 0.00 2,000 0.71Total 46,987 1,432 - 5,000 0.72 0.00 0.00 0.00 0.00 0.00 0.00 5,000 0.62
26
Dongyang
Fisheries
Co., Ltd
2010 11,490 1,386 1,688 3,212 1.44 0.00 0.00 0.00 0.00 0.00 0.00 3,212 1.302011 11,146 37 2,238 3,212 1.36 0.00 0.00 0.00 0.00 0.00 0.00 3,212 1.182012 12,947 1,876 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total 35,583 1,423 5,802 6,424 0.92 0.00 0.00 0.00 0.00 0.00 0.00 6,424 0.80
27
Kosac
Trading
Co., Ltd
2010 0.00 1 2.14 0.00 0.00 0.00 0.00 0.00 1 0.002011 0.00 1 1.61 0.00 0.00 0.00 0.00 0.00 1 0.002012 11,560 0.00 1 1.47 0.00 0.00 0.00 0.00 0.00 1 0.00Total 11,560 - 0 0.00 2 1.74 0.00 0.00 0.00 0.00 0.00 2 0.00
28
Poonglim
Fishery
Co., Ltd
2010 12,911 109 2,066 993 0.44 0.00 0.00 0.00 0.00 0.00 0.00 993 0.402011 11,163 470 1,266 1,733 0.73 0.00 0.00 0.00 0.00 0.00 0.00 1,733 0.642012 10,851 43 974 1,580 0.66 0.00 0.00 0.00 0.00 0.00 0.00 1,580 0.56Total 34,925 622 4,306 4,306 0.62 0.00 0.00 0.00 0.00 0.00 0.00 4,306 0.54
29
Sunmin
Fisheries
Co., Ltd
2010 13,855 1,484 593 290 0.13 0.00 0.00 0.00 0.00 0.00 0.00 290 0.122011 14,763 2,002 770 0.33 0.00 0.00 0.00 0.00 0.00 0.00 770 0.282012 10,566 728 270 0.11 0.00 0.00 0.00 0.00 0.00 0.00 270 0.10Total 39,184 4,214 593 1,330 0.19 0.00 0.00 0.00 0.00 0.00 0.00 1,330 0.17
30
Haena In-
ternational
Co., Ltd
2010 13,874 442 671 680 0.30 0.00 0.00 0.00 0.00 0.00 0.00 680 0.272011 18,258 1,395 1,882 680 0.29 0.00 0.00 0.00 0.00 0.00 0.00 680 0.252012 10,343 1,168 905 680 0.28 0.00 0.00 0.00 0.00 0.00 0.00 680 0.24Total 42,475 3,005 3,458 2,040 0.29 0.00 0.00 0.00 0.00 0.00 0.00 2,040 0.25
31
Sunwoo Corpora-tion Co.,
Ltd
2010 10,346 7,543 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 15,839 12,555 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 9,439 2,043 4,274 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total 35,624 2,043 24,372 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00
32Kyungtae
Co., Ltd
2010 8,885 567 2,360 1.06 0.00 0.00 0.00 0.00 0.00 0.00 2,360 0.952011 8,523 -1,444 2,360 1.00 0.00 0.00 0.00 0.00 0.00 0.00 2,360 0.872012 8,448 -129 372 2,360 0.98 0.00 0.00 0.00 0.00 0.00 0.00 2,360 0.84Total 25,856 -1,006 372 7,080 1.01 0.00 0.00 0.00 0.00 0 0.00 0.00 7,080 0.88
33
G.O.M
Industries
Co., Ltd
2010 7,637 5,645 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 10,272 174 7,602 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 7,911 67 5,135 740 0.31 0.00 0.00 0.00 0.00 0.00 0.00 740 0.26Total 25,820 241 18,382 740 0.11 0.00 0.00 0.00 0.00 0.00 0.00 740 0.09
34
Samyoung
Fisheries
Co., Ltd
2010 5,041 96 414 1,000 0.45 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.402011 5,748 958 1,000 0.42 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.372012 6,269 22 1,235 1,000 0.42 0.00 0.00 0.00 0.00 0.00 0.00 1,000 0.36Total 17,058 1,076 1,649 3,000 0.43 0.00 0.00 0.00 0.00 0.00 0.00 3,000 0.37
35
Dongbang
Fisheries
Co., Ltd
2010 3,615 -618 490 638 0.29 0.00 0.00 0.00 0.00 0.00 0.00 638 0.262011 5,032 300 177 638 0.27 0.00 0.00 0.00 0.00 0.00 0.00 638 0.232012 5,865 294 955 638 0.27 0.00 0.00 0.00 0.00 0.00 0.00 638 0.23Total 14,512 -24 1,622 1,914 0.27 0.00 0.00 0.00 0.00 0.00 0.00 1,914 0.24
36
Seungjin
Fisheries
Co., Ltd
2010 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 0.00 0.00 0.00 0.00 400 79.05 0.00 0.00 400 0.152012 2,960 0.00 0.00 0.00 0.00 400 50.00 0.00 0.00 400 0.14Total 2,960 - 0.00 0.00 0.00 0.00 800 29.56 0.00 0.00 800 0.10
37
PAN WORLD
AND BUSAN Co., Ltd
2010 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002011 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 2,783 0.00 0.00 0.00 0.00 400 50.00 0.00 0.00 400 0.14
Total 2,783 - 0.00 0.00 0.00 0.00 400 14.78 0.00 0.00 400 0.05
38
Yeram
Company
Co., Ltd
2010 2,461 133 500 0.22 0.00 0.00 0.00 0.00 0.00 0.00 500 0.202011 2,962 127 500 0.21 0.00 0.00 0.00 0.00 0.00 0.00 500 0.182012 2,481 56 750 0.31 0.00 0.00 0.00 0.00 0.00 0.00 750 0.27Total 7,904 316 - 1,750 0.25 0.00 0.00 0.00 0.00 0.00 0.00 1,750 0.22
39U&C Co.,
Ltd
2010 3,667 -128 943 0.42 0.00 0.00 0.00 0.00 0.00 0.00 943 0.382011 5,760 943 0.40 0.00 0.00 0.00 0.00 0.00 0.00 943 0.352012 2,292 -355 1,843 0.77 0.00 0.00 0.00 0.00 0.00 0.00 1,843 0.66Total 11,719 -483 - 9,060 1.30 0.00 0.00 0.00 0.00 0.00 0.00 9,060 1.13
40
Seorim
Fisheries
Co., Ltd
2010 2,203 70 100 0.04 0.00 0.00 0.00 0.00 0.00 0.00 100 0.042011 2,201 63 100 0.04 0.00 0.00 0.00 0.00 0.00 0.00 100 0.042012 1,805 1 100 0.04 0.00 0.00 0.00 0.00 0.00 0.00 100 0.04Total 6,209 134 - 300 0.04 0.00 0.00 0.00 0.00 0.00 0.00 300 0.04
41Donghui
Industry
2010 235 -31 71 0.03 0.00 0.00 0.00 0.00 0.00 0.00 71 0.032011 154 -82 71 0.03 0.00 0.00 0.00 0.00 0.00 0.00 71 0.032012 126 -178 71 0.03 0.00 0.00 0.00 0.00 0.00 0.00 71 0.03Total 515 -291 - 213 0.03 0.00 0.00 0.00 0.00 0.00 0.00 213 0.03
42
Shinji
Fisheries
Co., Ltd
2010 3,147 285 0.13 0.00 0.00 0.00 0.00 0.00 0.00 285 0.122011 1,948 15 285 0.12 0.00 0.00 0.00 0.00 0.00 0.00 285 0.102012 65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total 5,160 15 - 570 0.08 0.00 0.00 0.00 0.00 0.00 0.00 570 0.07
43 Kim In Soo
2010 700 0.31 0.00 0.00 0.00 0.00 0.00 0.00 700 0.282011 696 0.29 0.00 0.00 0.00 0.00 0.00 0.00 696 0.262012 55 0.02 0.00 0.00 0.00 0.00 0.00 0.00 55 0.02Total - 1,451 0.21 0.00 0.00 0.00 0.00 0.00 0.00 1,451 0.18
44
Daehyun
Fisheries
Co., Ltd
2010 2,396 1.07 0.00 0.00 0.00 0.00 0.00 0.00 2,396 0.972011 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total - 2,396 0.34 0.00 0.00 0.00 0.00 0.00 0.00 2,396 0.30
45Sangji
Fisheries
2010 349 0.16 0.00 0.00 0.00 0.00 0.00 0.00 349 0.142011 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total - 349 0.05 0.00 0.00 0.00 0.00 0.00 0.00 349 0.04
46In Sung
Foods
2010 2,240 1.00 0.00 0.00 0.00 0.00 0.00 0.00 2,240 0.902011 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.002012 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00Total - 2,240 0.32 0.00 0.00 0.00 0.00 0.00 0.00 2,240 0.28
Total
2010 223,195 100.00 28 100 16,376 100.00 5,735 100.00 1,400 100 - - 900 100 247,634 100 2011 236,387 100.00 31 100 23,904 100.00 10,087 100.00 506 100 700 100 1,000 100 272,615 100 2012 239,677 100.00 34 100 28,445 100.00 10,327 100.00 800 100 600 100 1,000 100 280,883 100 소계 699,259 92 68,725 26,149 2,706 1,300 2,900 801,131
Average 16,649 18 13,745 8,716 541 650 2,900 17,416 100
※ Average is calculated by the total amount divided by the number of beneficiaries.
14
Sub
sidisin
g p
lun
der K
orean
Go
vernm
ent's su
pp
ort to
its distan
t water fish
ing
ind
ustry
Reference 1 More than $850 million US2 More than $ 283 million US 3 Article 1 of Part 1 in WTO agreement on Subsidies and Countervailing Measures, http://www.wto.org/english/
docs_e/legal_e/24-scm_01_e.htm4 The National Legislative Information Center of Korea. http://www.law.go.kr/lsSc.do?menuId=0&p1=&subMe
nu=1&nwYn=1&query=%EC%9B%90%EC%96%91%EC%82%B0%EC%97%85%EB%B0%9C%EC%A0
%84%EB%B2%95&x=-1006&y=-208#liBgcolor15 KOFA(Korea Overseas Fisheries Association) is a ‘special corporation’ which means that the corporation is an
industry association with members comprise of DWF companies, but with special mandates entrusted from
Korean relevant law that the Association need to prefer some public tasks6 Press release of the Ministry of Food, Agriculture, Forestry and Fisheries of Republic of Korea, 17th February
2013 http://www.mifaff.go.kr/list.jsp?newsid=155444451§ion_id=b_sec_1&pageNo=1&year=
&month=&listcnt=5&board_kind=C&board_skin_id=C3&depth=1&division=B&group_id=3&menu_
id=1125&reference=2&parent_code=3&popup_yn=N&tab_yn=N7 Ussif Rashid Sumaila, Daniel Pauly, Catching More Bait: A Bottom-Up Re-Estimation of Global Fisheries Subsidies,
Fisheries Centre Research Reports 2006 Volume 14 Number 6, University of British Columbia8 FAO, The State of World Fisheries and Aquaculture, 2012. http://www.fao.org/docrep/016/i2727e/i2727e00.
htm 9 UNEP, ‘Fisheries, Investing in Natural Capital’ 2011; World Bank, Milazzo M. Subsidies in World fisheries a re-
examination, 1998 10 IUCN Red list. http://discover.iucnredlist.org/search?key=tuna
http://www.ofis.or.kr/rb/?c=Information/news&cat=%EC%9D%BC%EB%B0%98&p=8&uid=542111 U. Rashid Sumila, Subsidies to tuna fisheries in the Western Central Pacific Ocean 2013
http://www.sciencedirect.com/science/article/pii/S0308597X13001383
U.Rashid Sumaila, Subsidies to tuna fisheries in the Western Central Pacific Ocean 201312 Sajo group: Sajo Industries, Sajo Daerim, Sajo Seafood, Sajo Oyang13 Hongjin Corporation, In Sung Foods14 This figure is taken from the data summary sheet ‘Distant Water Fisheries Subsidy Status (2010-2012)’,
provided to Greenpeace by the Ministry of Fisheries, but there appears to be a discrepancy between this
figure and that shown on the other official document, ‘Subsidies Status for IUU fishing industry 2010-2012’
also provided by the government, which suggest that the total grants to In Sung Corporation amounted to
536 million KRW.15 Official document submitted by the MOF to the Parliamentarian Mr.KIM Chunjin office16 Subsidies Status for IUU fishing industry 2010-2012, official document submitted by the MOF17 Distant Water Fisheries Subsidy Status (2010-2012), Appendix 1, official data sheet provided by the MOF18 CCAMLR 30th SCIC report, 2013 Biennial IUU fishing report by NOAA19 CCAMLR-XXXII/21 Information on IUU fishing in Statistical Area 58. France
http://english.khan.co.kr/khan_art_view.html?artid=201304112038357&code=71010020 New Zealand Asia Institute of the University of Auckland, Not in New Zealand Waters, . 11 Sep 2011. http://
docs.business.auckland.ac.nz/Doc/11-01-Not-in-New-Zealand-waters-surely-NZAI-Working-Paper-Sept-2011.
pdf21 F/V Premier - another IUU vessel involved in illegal fishing and fraud in Liberia http://www.
stopillegalfishing.com/sifnews_article.php?ID=102
http://liberiafisheries.net/sites/default/files/pdf/Warning_Lib._Gov_Doc.pdf22 Environmenal Justice Foundation(EJF). Pirate Fishing Exposed. page 35, 2011. http://www.ejfoundation.org/
oceans/media/pirate-fishing-exposed
A brief report on IUU workshop held by KOFA, 2013.3.13, Korea23 Refer to International Commission for the Conservation of Atlantic Tunas, ICCAT IUU vessel list. http://iccat.
int/iuu.htm24 KOFA yearbook 201225 Korea Maritime Institute(KMI), Research on check-off fund for the Distant Water Fishing Industry, June 2012
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