WORLD TRADE  
ORGANIZATION   
G/SCM/Q2/KOR/44 
24 January 2012 
 (12-0464) 
Committee on Subsidies and  
Countervailing Measures Original:   English 
 
 
 
SUBSIDIES 
 
Questions Posed by the UNITED STATES Regarding the 
New and Full Notification of KOREA1 
  
 The following communication, dated 23 January 2 012, is being circulated at the request of the 
Delegation of the United States. 
 
_______________ 
  
Question 1 
 
Support for Development of Deep-Sea Fishery 
 
Korea states that the policy objectives and pur pose of the program is to "support the stable 
production and management of deep-sea fishery".  Pl ease elaborate as to how this program supports 
production and the management of deep-sea fishery. 
 
Question 2 
 Support for Development of Deep-Sea Fishery 
 
Korea states that recipients of grants under this program are deep-sea fishing companies and 
overseas resource development companies.  Please expl ain the role undertaken in deep-sea fishing by 
overseas resource development companies and how th at role is different from deep-sea fishing 
companies.   
 
Question 3 
 
Support for Fishing Activities 
 
Korea states that one of the policy objectives of this program is to "re lieve financial burdens" 
of recipients by providing loans at below market ra tes.  Therefore, please explain whether recipients 
must be facing financial hardship in order to qualify for assistance under this program. 
                                                      
1 G/SCM/N/220/KOR.   G/SCM/Q2/KOR/44 
Page 2 
 
 
  Question 4 
 Support for Fishing Activities 
 
Korea states that loans are provided to coastal and offshore fishery and to deep-sea fishery.  
Please explain the difference between coastal and o ffshore fishery and offshore and deep-sea fishery 
as used by the administrators of this program. 
 
Question 5 
 Support for Fishing Activities 
 
Korea states that loans are provided to coastal, offshore and deep-sea fisheries;  therefore, 
please provide the percentage of loans that during the reporting period were provided to (1) coastal 
fishery, (2) offshore fishery, and (3) deep-sea fishery.   
 
Question 6 
 
Support for Old Fishing Vessels and Equipment Replacement 
 
Please explain whether loans under this program are provided to coastal, offshore and deep-
sea fisheries.  In addition, please confirm that the definition of coastal, offshore and deep-sea fishery 
is the same as used under the Support for Fishing Activities program.  Question 7  
Support for Old Fishing Vessels and Equipment Replacement 
 
Please provide the percentage of loans that dur ing the reporting period were provided to (1) 
coastal fishery, (2) off-shore fisher y, and (3) deep-sea fishery.    
 
Question 8 
 Support for Vessel Decommissioning 
 
Under this program Korea provides grants to  support vessel decommissioning to maintain 
fleet size at a sustainable level for coastal and offshore fishing.  Please explain how Korea monitors the recipients of this program to ensure that the grants provided u nder this program are not used to 
purchase new fishing vessels and to ensure that the recipients do not take advantage of assistance 
offered under other programs, such as the Support for Fishing Activities, to help support the purchase 
of new fishing vessels.    Question 9 
 Fuel-related Fishery Programs 
  Korea did not notify any fuel-related fishery programs.  Please confirm that Korea does not 
maintain any type of fuel-related fishery programs that provide benefits to fisheries, including any 
programs that would reduce the cost of fuel or taxes on fuel for fisheries.     G/SCM/Q2/KOR/44 
 Page 3 
 
 
  Question 10 
 Local Tax Reduction for Building and Acquisition of International Line Vessels and Deep Sea 
Fishing 
 
 Korea stated in 2007, (G/SCM/Q2/KOR/29), th at this program was scheduled to end on 
31 December 2009.  Please confirm that this progra m has ended and that it has not been replaced by 
another program.  Question 11 
 
Investment Funds and Loans to Korean Fisheries Industry 
  In 2010, Korea provided an update on a governme nt program to provide investment funds and 
loans to the Korean fisheries indus try, as well as assistance being provided by the Ministry for Food, 
Forestry and Fisheries.  (See, G/SCM/Q2/KOR/37).  Please provide an update on the activities of this 
assistance program for the period of Korea's most recent subsidy notification.  
 
 
__________