Current Status Of Korean Deep Seabed Mining In Korea

Recently, the Korean government prepared a strategy for deep seabed mining, which consists of three stages for 20 years until 2010. The first step of the program is focused to conduct deep seabed exploration until 1993. The apparent "hurry-and-spend to catch-up" policy that the Korean government has shown in deep seabed mineral exploration was motivated by an effort to qualify a prerequisite requirement to be a pioneer investor as a developing country under the terms of Resolution II and the New York Understanding. Since 1983, KORDI (Korea Ocean Research and Development Institute) under the auspices of the Korean government has carried out deep seabed mineral exploration. The KORDI had a joint exploration program with USGS from 1989 to 1991 aiming to evaluate the potentiality of manganese nodule in the western part of Clarion-Clipperton Zone as well as that of manganese crusts in the western Pacific. In 1992, Korean government accelerates its program by the confirmation of national policy and the equipment of new built research vessel, Onnuri-Ho. The RIV Onnuri-Ho is about 1400 G/T, which is equipped with various advanced instruments including GPS, multi-beam echosounder (Seabeam 2000), multi-channel seismic system, and MDM system.