Kiribati has strong fishing bilateral relationships with a number of countries including South Korea. For over a decade, Kiribati and South Korea have strengthened their partnership through their Joint Venture Companies which focused on mutual arrangements relating to fishing for raw tuna materials for Korean companies and the provision of revenues through access fees for Kiribati. On 20 – 21 December 2024, a successful board meeting of these Joint Venture companies was held between Kiribati and the South Korean Companies, Dongwon Industriea, SILLA Co Ltd, and Sajo Industries Co Ltd in Brisbane, Australia. These deals will enable business operations for the new year 2025 with more exciting onshore developments for Kiribati in the future. Honourable Minister Ribanataake Tiwau acknowledged the long-standing and fruitful partnerships between the Government of Kiribati and these Korean companies and their direct contributions to the economic aspirations of both parties.