The purpose of this Act is to promote the efficient and sustainable use of marine fishery bio-resources; to strengthen sovereignty over marine fishery bio-resources; to ensure competitiveness of marine fishery biotechnology; and to contribute to the development of the national economy, by prescribing matters necessary to secure, manage, and use marine fishery bio-resources comprehensively and systematically. It defines core concepts, sets basic principles consistent with the Nagoya Protocol, assigns responsibilities to the State and local governments, and requires basic measures, periodic surveys, and five-year master plans with annual implementation plans. The Act regulates surveying, listing, analysis, and evaluation of marine fishery bio-resources; permission for acquisition by foreigners and joint acquisition with Korean participants; obligations, suspension, revocation, and preventive measures to protect resource diversity; and the designation and operation of responsible institutions, depositories, registries, and reserves. It also governs allotment, export, deposit and registration of resources, fair and equitable benefit-sharing, conservation of traditional knowledge, establishment of an integrated information system, etc.
República de Corea · 2012-06-01