Syngman Rhee

“ The Government of the Republic of Korea holds and exercises the national sovereignty over the shelf adjacent to the peninsular and insular coasts of the national territory, no matter how deep it may be, protecting, preserving and utilizing, therefore, to the best advantaged of national interests, all the natural resources, mineral and marine, that exist over the said shelf, on it, and beneath it known, or which may be discovered in the future. ”

“ Supported by well-established international precedents and urged by the impelling need of safeguarding, once and for all, the interests of national welfare and defence, the President of the Republic of Korea hereby proclaims:
1. ”