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.
Sean Hayes may be contacted at: SeanHayes@ipglegal.com.
Sean Hayes is co-chair of the Korea Practice Team at IPG Legal. He is the only non-Korean to have worked as an attorney for the Korean court system (Constitutional Court of Korea) and one of the first non-Koreans to be a regular member of a Korean law faculty.
- Korea in EU’s Hot Water: Korean Fishing Sanctions by EU
- Korea’s Amendment to the Act on the Arrival, Departure, etc. of Ships: Korean Shipping Law
- Changes to Korea’s Franchise Law May Lead to an Increased Potential for Criminal Sanctions: Franchise Law Basics
- Korean Patent Law’s Trade Secret Protection: Amendment to Trade Secret Law in Korea
- Adultery in Korea: Suspended Sentences Under Korean Law
- Korea’s Real Name Transaction Act Strengthened: Korea’s Banking Law Basics
- Korean Employment Law & Labor Law amendments under Pres. Moon Administration
- Korea’s Medical Devices Act Amendment: Monetary and Monetary-Like Benefits to Healthcare Workers
- Koreans Doing Business in and with New Zealand
- Suing Korean Directors for Company Loses Based on Breach of Korean Fiduciary Duties