Korea quintuples maximum fine for ships fishing illegally in Korean waters

Korea has raised fivefold the maximum fine for foreign ships fishing illegally in its Exclusive Economic Zone (EEZ), the Coast Guard said Thursday, amid efforts to crack down on illegal Chinese fishing in the West Sea. Under a revised EEZ fisheries law that took effect Tuesday, the maximum fine for foreign vessels fishing illegally in Korean waters has been raised to 1.5 billion won ($1 million) from 300 million won, according to the Coast Guard. The move comes as illegal Chinese fishing has increased in Korea's EEZ in recent years. The Coast Guard seized 57 illegal Chinese fishing vessels last year — the highest annual figure since 66 were captured in 2021. The legal revision also raises the amount of bail required for the release of seized vessels and crew to a maximum 1.5 billion won, sharply up from a previous maximum range of 150 million to 300 million won, which varied by vessel size. The bail is returned once the offenders pay the fine. In December, President Lee Jae Myung called for tougher fines against illegal Chinese fishing vessels, noting existing penalties apparently were nWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times