MunmuBaram Signs MoU with Ulju Fishery Committee for Cooperative Fishery Impact Assessments

(July 23, 2025) MunmuBaram Co., Ltd. signed a Memorandum of Understanding (MoU) with the Ulju Fishery Committee (hereinafter ‘the Committee’) to enhance cooperation and carry out a fishery impact survey as part of its offshore wind project development.

This agreement sets out plans for MunmuBaram to assess the potential impacts on fishing activities, with mutual cooperation throughout the process. This includes identifying affected targets and levels of impact in accordance with relevant laws, and coordinating necessary procedures in close consultation.

MunmuBaram will continue to expand opportunities to engage local fisheries and to develop collaborative programs that support sustainable coexistence with the local community.

This MoU underscores the MunmuBaram’s commitment to fostering long-term partnerships with regional stakeholders and advancing sustainable offshore wind power development in Ulsan.

MunmuBaram aims to actively engage with other relevant fishery committees as part of broader efforts to strengthen cooperation and mutual understanding.