The South Korean government said Monday it plans to eradicate illegal, unreported and unregulated (IUU) fishing by South Korean fishing boats operating in West Africa by greatly reducing their number.
Under its plan, the government will provide a total of 9.9 billion won (US$8.99 million) to those that voluntarily halt fishing activities in waters off West Africa and retire their aged vessels there, according to the Ministry of Oceans and Fisheries.