South Korea: Cultivating star aquaculture export items such as seaweed, oysters, abalone, and flounder

The Ministry of Oceans and Fisheries is accelerating the export of farmed marine products such as seaweed, oysters, abalone, and flounder, which are popular around the world. The Ministry of Oceans and Fisheries recently announced the ‘Full cycle development plan for core farmed fish products’ containing these contents. The purpose is to increase domestic consumption and exports by systematically managing and supporting the entire cycle from production to distribution and export. Accordingly, we plan to focus on nurturing seaweed, which holds the largest market share in the global market. In particular, we plan to strengthen diplomatic efforts to ensure that Korean seaweed products are recognized as international standards. Regarding oysters, we plan to increase the proportion of individual oyster farming preferred by American and European consumers to 30% by 2030. Currently it is around 1%. The plan is to expand overseas markets with premium individual oysters. In addition, ...