The REFM Division has the lead for cooperative research with the Korean Ministry of Oceans and Fisheries (MOF) under a Joint Project Agreement with NOAA. The Fisheries Panel met in Pusan (ROK) in June to review the results of research conducted on 15 research tasks. The proposed budget for funding of these projects by MOF in FY2015 is $190k plus $50k for three new tasks. NOAA provides in-kind funding to the projects through personnel involvement that generally matches monetary funding from Korea. Fifteen research tasks are grouped under three projects, lead by REFM personnel for the U.S. side and Korean scientists from MOF. The table below shows the budget allocation for facilitating travel and other research activities for both sides.