Tax Inequality Threatens South Korea’s Distant-Water Fishing Industry, Veteran Leader Warns
SOUTH KOREA Thursday, March 12, 2026, 11:00 (GMT + 9)
Industry figure Park Moon-soo urges the government to reform tax policies and strengthen support for a sector he says remains vital for jobs, seafood supply, and foreign currency earnings. SEOUL — Park Moon-soo, founding chairman of the Korea Marine Interpretation Association, has warned that South Korea’s distant-water fishing industry is under mounting pressure and called on the government to reform tax policies that he says unfairly burden fishermen working abroad. In a message posted on social media on February 16, Park reflected on the industry’s long struggle to survive despite decades of tightening international regulations and shrinking fleets. “By the 1990s, people were already saying that the curtain was falling on Korea’s distant-water fishing industry, as if a theater performance were ending. Despite facing a crisis that th... FULL STORY
