[Background]
1. Background
Previously, the annual catch quotas allocated by international fisheries organizations were distributed to domestic shipping companies (or vessels) based on internal guidelines (official documents) reflecting industry opinions. However, with the introduction of the revised "Deep Sea Fisheries Development Act" (effective from October 25, 2024), which provides a legal basis for the allocation of catch quotas (Article 15-3), it is necessary to establish regulations on the allocation, reduction, and recovery of catch quotas, as delegated by the notification in the new provisions, for proper operation.
*The maximum annual limit on the quantity of aquatic organisms that can be captured or collected, allocated by international fisheries organizations.
2. Need for Government Intervention
There is a significant discrepancy in benefits among industries due to the allocation of catch quotas from international fisheries organizations, requiring the government to establish objective standards and manage the process. The species allocated through the catch quotas, such as tuna, squid, and mackerel, are important for domestic supply and overseas exports.
[Regulatory Content]
The regulation allows for the distribution of catch quotas allocated by international fisheries organizations by species, fishing area, type of fishery, and vessel (Article 3). In order to prevent exceeding the allocated catch quotas, part of the catch quota may be withheld and managed (Article 4). For vessels with no operational record or those expected to have difficulty exhausting their catch quotas, the entire or part of the allocated quota can be recalled and redistributed (Articles 5 and 6). It also includes provisions for managing catch quotas by requiring monthly reports on quota consumption to ensure that quotas are not exceeded (Article 7).
