Act on the Exercise of Sovereign Rights on Foreigners' Fishing, etc. within the Exclusive Economic Zone (Act No. 5152).

The purpose of this Act is to contribute to the appropriate conservation, management, and utilization of living marine resources and to provide the necessary matters for the exercise of sovereign rights, etc. in relation to the fishing activities, etc. conducted by foreigners in the exclusive economic zone of the Republic of Korea, as stipulated by the related provisions of the United Nations Convention on the Law of the Sea (art. 1). In cases where a foreigner is conducting fishery activities in the exclusive economic zone, the provisions of this Act shall apply, notwithstanding the provisions of the Fisheries Act, the Aquaculture Industry Development Act, and the Fishery Resources Management Act. Article 5 provides for fishery licences for foreigners. When there is an application for license under Article 5.1, the Minister of Maritime Affairs and Fisheries may grant the licence. A foreigner or a captain of a foreign vessel shall not transfer the catch or its products to or from another vessel in the exclusive economic zone (art. 11) or unload the catch from the exclusive economic zone or its products directly into a harbour of the Republic of Korea (art. 12). Article 14 concerns applications for fishery activities related to sedentary species of the continental shelf. Article 15 provides for protection and management of anadromous species. Remaining provisions of this Act deal with enforcement and prescribe offences and penalties.