Pyongyang sold fishing license to China for $30 mlnl: NIS

By Park Sae-jin Posted : July 1, 2016, 18:04 Updated : July 1, 2016, 18:04

[Courtesy of Joint Chiefs of Staff]


North Korea, hit by a shortage of foreign currencies under tightened international sanctions, has sold a fishing license for 30 million US dollars, allowing some 1,500 Chinese fishing boats to operate in its territorial waters, Seoul's spy agency said Friday.

As a result, the number of Chinese fishing boats operating north of the tense inter-Korean sea border this year is almost three times the annual average, causing a headache both to South and North Korean fishermen, the National Intelligence Agency (NIS) said in a report to parliament. 

This year, the impoverished and cash-strapped state has been under tough sanctions from the international community over a series of missile and nuclear tests. Exports of coal were cut by 40 percent, while the sale of weapons abroad plummeted 88 percent one-year.

Chinese fishing boats operating near the maritime border especially in the Yellow Sea has been a threat to South Korean fishermen because Chinese vessels deplete marine resources by catching the tiniest of fish and some even dare to work along the sensitive mouth of a border river.

Curbing illegal fishing by Chinese vessels has not been easy as they move through loopholes along the sea border. Sometimes they huddle up together to form a giant island of ships to stop South Korean coastguard officers. A coastguard officer was killed by Chinese fishermen in 2011.

Aju News Park Sae-jin = swatchsjp@ajunews.com
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