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Jul 30, 2013

Korean Environmental Law: New Sanctions for Illegal Fishing

Korea has been criticized from domestic and local environmentalists for its fisheries law.  In reaction to criticism, the Korean government has amended the Water Fisheries Act to impose a maximum fine of three times the value of the catch.  In limited cases imprisonment is possible.   

The amended Water Fisheries Act of Korea, also, imposes the potential sanction of losing of a companies commercial fishing license if catches are not reported or are unreported.

Korean laws in the English language may be found at the website of the Korean Legislative Research Center.

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SeanHayes@ipglegal.com

IPG is engaged in projects for companies and entrepreneurs doing business in Bangladesh, Cambodia, China, Korea, Laos, Myanmar, the Philippines, Vietnam and the U.S.

www.ipglegal.com