JEJU-DO < invest Korea

According to Yonhap News,

Jeju-do plans to invest KRW 133 billion this year to foster the marine industries, including the fishery industry.

The province announced on January 17 that it will invest KRW 133 billion in the fishery industry, marine industry, Haenyeo plaining diving, and port sector to implement 17 action plans in five core tasks.

By field, it will invest KRW 21.7 billion in five projects related to marine and fisheries, including the restoration of tidal flats (coastal) vegetation, and the pilot project of carbon-neutral fishing equipment installation.

In addition, it will invest in long-term projects such as the establishment of an eco-friendly ship city, preemptive response to the decision to discharge contaminated water from Japan's Fukushima nuclear power plant, and the establishment of a fire detection system for offshore fishing vessels, among others.

To foster and manage the maritime tourism industry, the provincial government will go ahead with the Fishing Village New Deal 300 (14 ports) project, while investing KRW 71.6 billion in a project to be the marine leisure base, host the international marine leisure exhibition, and the motor surf festival, etc.

Meanwhile, the provincial government plans to push for projects such as the registration of Jeju Haenyeo plain diving on Globally Important Agricultural Heritage Systems (2 projects, KRW 8 billion) and construction of port and logistics infrastructure (KRW 41.9 billion in 12 ports).

koss@yna.co.kr

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Source: Yonhap News (January 17, 2022)