South Korea's cumulative laver exports in the third quarter exceeded $500 million

Published 2021년 10월 12일

Tridge summary

South Korea's domestic seaweed exports, primarily laver, have reached over $500 million at the end of last month, a record achieved in the shortest time since 2017. The popularity of seaweed as a low-calorie, healthy snack, especially during the COVID-19 pandemic, has driven this growth. Exports to a diverse range of countries have expanded, with significant increases in exports to Russia, Brazil, Mexico, Israel, and the United Arab Emirates. The Ministry of Oceans and Fisheries is actively supporting the seaweed industry and plans to implement new policies in December to further enhance its quality and global competitiveness.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Oceans and Fisheries announced that domestic seaweed exports exceeded $500 million as of the 30th of last month. This is the shortest time since 2017, when domestic laver exports exceeded US$500 million for the first time, and achieved the export record of US$500 million this year. While seaweed is mainly consumed as a side dish in Korea and Japan, it has gained popularity overseas as a low-calorie healthy snack. In particular, seaweed, which can be easily purchased online and eaten at home during the COVID-19 outbreak, is enjoying a higher popularity as a health food in line with recent consumption trends. The amount of laver exports, which was only US$60 million in 2007, has been showing steady growth every year since it reached US$100 million in 2010. In 2010, we only exported to 60 countries, but now we are exporting Korean laver to 112 countries around the world. In particular, exports to Latvia and Finland in northern Europe, where Korean seaweed had not been ...

Source: Aflnews