Ministry of Oceans and Fisheries Joins Hands with Four Institutions, including POSCO, to Build Sea Forests

- MoU Signed for the Revitalization of Public-Private Cooperation in Building Sea Forests on April 24th (Wednesday)

 On April 24th (Wednesday), the Ministry of Oceans and Fisheries (Minister Kang Do-Hyung) signed an MoU with POSCO and other related organizations* to promote public-private cooperation in the creation of sea forests. The signing ceremony was attended by Minister Kang of Oceans and Fisheries, CEO Lee Si-Woo of POSCO, and President Lee Chung-Woo of the Korea Fisheries Resources Agency.

 * (Government) Ministry of Oceans and Fisheries / (Private) POSCO, Research Institute of Industrial Science and Technology / (Public) Korea Fisheries Resources Agency

 Through this MoU, the four organizations will work towards ▲ promoting carbon neutrality, fishery resources, and biodiversity, ▲ preserving healthy marine ecosystems and promoting ESG management, and ▲ striving for international blue carbon certification of seaweed and other marine forests. The four institutions will form a working group to discuss specific cooperation plans for each institution.

 Notably, this signing ceremony marks the fourth cooperative effort between the Ministry of Oceans and Fisheries and POSCO (2007, 2010, 2014, 2024)* and is expected to serve as a stepping stone for the government, the private sector, and the public to actively respond to the challenges of climate change through the creation of sea forests that play a critical role as marine carbon absorption sources.