Under the agreement reached during a fishery cooperation meeting in Hunan last week, both sides set next year's fishing quota in each other's EEZs at 60,000 tons, according to the ministry, reports YonhapNewsAgency.
This year's quotas are 62,500 tons for China and 62,000 tons for Korea.
The neighboring countries also limited the number of boats allowed to operate in each other's areas at 1,600 for next year. This year, 1,650 Chinese vessels are allowed to fish in Korea's exclusive waters, while the ceiling is 1,600 for Korean vessels in China's waters.
The ministry said that the two countries also agreed to strengthen punishments on illegal fishing activities in the EEZs and to continue discussions on details in their next meeting.