Small-scale Fishery Direct Payment: Who Qualifies and What You Get
Learn if you qualify for the annual cash payment designed to support small-scale fishermen in South Korea.
This scheme provides direct financial support to small-scale fishermen to help manage the high costs of their livelihood, such as fuel, gear, and vessel maintenance.
Who it's for
This program is specifically designed to support small-scale fishermen working in the coastal waters of South Korea. To be eligible for these funds, you must meet a specific income threshold, which requires your annual revenue to be under 15 million KRW. This support is intended to act as a financial safety net for those navigating the unpredictable nature of the sea.
What you get
If you are eligible, you will receive an annual cash payment of 1.2 million KRW. This direct payment is intended to help offset the rising costs associated with maintaining a fishing boat and staying operational throughout the year.
What it costs you
There is no direct fee to apply for this scheme. However, you will need to provide specific documentation to verify your status. You will need to submit proof of residency and provide records of your fishing activity to show that you meet the requirements.
The catch to know
The most important requirement that people often overlook is the educational component. Even if your income is below the limit and your paperwork is in order, you must complete a mandatory annual fishery education course. You cannot receive your payment unless this annual training requirement is met.
How to apply
- Gather your proof of residency.
- Collect your fishing activity records.
- Complete the mandatory annual fishery education.
- Submit your application through the appropriate government channels.