The South Korean Ministry of Oceans and Fisheries announced its plan to establish two new fisheries funds totaling 19 billion KRW, highlighting the creation of a new dedicated fund for startup planners called the Future Youth Enterprises Fund, which will exceed 4 billion KRW. Since 2010, the ministry has been operating private-public joint investment funds aimed at fostering healthy growth in fisheries businesses, and has so far established 21 funds amounting to 317.3 billion KRW, investing 241.9 billion KRW in fisheries companies. This year, the ministry aims to incorporate startup planners' capabilities into the fisheries sector by creating a fund specifically focused on promising early-stage enterprises. The Future Youth Enterprises Fund is designed to allow startup planners to play significant roles as general partners in the fund, targeting growth potential and promising businesses. Additionally, a general fisheries fund is planned for 15 billion KRW, aiming to increase investment in all areas of fisheries. The reform in the selection process for fund management aims to expedite the fund establishment timeline by allowing for the re-selection of candidates if the initially chosen fund manager withdraws before the deadline. Interested fund managers are required to submit proposal documents to the Agricultural Policy Insurance Finance Corporation by the end of the month. The ministry expects that the introduction of the startup planners' fund will significantly aid in discovering and nurturing innovative fisheries businesses.