   
  
G/SCM/Q2/KOR/69  
 
25 March  2024 
(24-2542) Page: 1/2 
Committee on Subsidies and Countervailing Measures  
  Original: English  
 
  
SUBSIDIES  
QUESTIONS POSED BY AUSTRALIA  REGARDING  
THE NEW AND FULL NOTIFICATION OF THE REPUBLIC OF KOREA1 
The following communication, dated and received on 25 March  2024, is being circulated at the 
request of the delegation of  Australia . 
_______________  
 
 
Australia thanks Korea for its latest subsidy notification and welcomes its efforts on contributing to 
the transparency of subsidy programs. Australia acknowledges that the programs on which it is 
seeking clarification have also been previously notified by Korea and are ongoing.  
Australia poses the following questions regarding the programs contained in its notification:  
2.1 Support for Management of Fisheries  
The ob jective of this program is to support fishers facing difficulties in business conditions such as 
high management costs , and to relieve the financial burden of fishers.  
Question 1  
Could Korea please clarify the precise scope and purpose of loans provided under this program ? 
Question 2  
Does this program provide benefits to marine capture fishing?  
Question 3  
Could Korea also please clarify whether there are conditions or eligibility criteria attached to the 
receipt of loans and, if so, what are they ?   
Question 4  
Do the criteria for these loans contain performance bonuses or relate to, or are contingent on, where 
the fishing takes place?  
2.5 Support for Vessel Decommissioning  
This program provides grants for vessel decommissioning.   
Question 5  
How d oes Korea determine the level of grant provided to fishers, for example, does the program 
assess the market value of the vessel?  
 
1 G/SCM/N/401/KOR . G/SCM/Q2/KOR/69  
 
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  Question 6  
Is the decommissioning based on an assessment by the relevant authority (the Ministry of Oceans 
and Fisheries)?  
Question 7  
Is that assessment based on the location of the fishery that the vessel is conducting operations?  
 
__________  