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Korea's fisheries industry and government financial transfers

Author

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  • MyongSop, Pak
  • MoonBae, Joo

Abstract

The Korean fisheries industry has long played a role as a national food industry with agriculture. Fisheries products supply about 39.2% of animal proteins that Korean people need. The industry, however, is facing great challenges including international arguments for reduction or abolition of fishery subsidies. Therefore, it is urgent for us to review the characteristics of fishery subsidies according to WTO, OECD, FAO and UNEP. This paper examines the status of Korean fishery industry, and to tackle the problems of the currently supported fishery policy funds, whose total amount in 1999 was more than 1 trillion Korean won with 77 fishery projects.

Suggested Citation

  • MyongSop, Pak & MoonBae, Joo, 2002. "Korea's fisheries industry and government financial transfers," Marine Policy, Elsevier, vol. 26(6), pages 429-435, November.
  • Handle: RePEc:eee:marpol:v:26:y:2002:i:6:p:429-435
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    References listed on IDEAS

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    1. Burton, Peter S., 2003. "Community enforcement of fisheries effort restrictions," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 474-491, March.
    2. Parzival Copes, 1999. "The Need for Balance in Canada's Fisheries Policy," Discussion Papers dp00-09, Department of Economics, Simon Fraser University, revised Feb 2000.
    3. Benchekroun, Hassan & Van Long, Ngo, 2002. "Transboundary Fishery: A Differential Game Model," Economica, London School of Economics and Political Science, vol. 69(274), pages 207-221, May.
    4. Ebbin, Syma A., 2002. "Enhanced fit through institutional interplay in the Pacific Northwest Salmon co-management regime," Marine Policy, Elsevier, pages 253-259.
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