Act on Securing, Management, Use of Marine Bio-Resources. Country/Territory Korea, Republic of Document type Legislation Date 2012 Source FAO, FAOLEX Subject Sea Keyword Sustainable development Ecosystem preservation Research EEZ-Exclusive Economic Zone Maritime zone Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Entry into force notes This Act shall enter into force on 26 July 26 2012. Abstract The purpose of this Act is to promote efficient and sustainable use of marine bio-resources, strengthen sovereignty over marine bio-resources, ensure competitiveness of marine biotechnology, and contribute to the development of national economy by prescribing matters necessary to secure, manage, and use marine bio-resources comprehensively and systematically. Marine bio-resources shall be secured, managed, and used in compliance with the Convention on Biological Diversity and the following basic concepts: (1) Marine bio-resources shall be secured, managed, and used in a sustainable manner for present and future generations; (2) Marine bio-resources shall be managed comprehensively to ensure the ecological and economic value of marine bio-resources can be maintained harmoniously; (3) Opportunities to fairly and equally share benefits arising from commercial use of marine bio-resources shall be increased. Full text English Website www.elaw.klri.re.kr