Kim's bidding and consulting conference: The largest export contract in history of South Korea

Published 2023년 6월 12일

Tridge summary

The Korea Fisheries Trade Association is strengthening the sustainability and globalization of the world's leading seaweed industry. With the enactment of the 'Act on Fostering and Supporting the Seaweed Industry' on December 22, 2021, the industry expects to increase exports, currently at about $700 million annually, to $1.3 trillion. The success of the 29th Korea Seaweed Bidding and Consultation in Japan, where export contracts worth 105 billion won were signed, marks a significant achievement in globalization. The increase in contract volume and dried seaweed compared to the previous year highlights the quality control measures implemented by the Korea Fisheries Trade Association, attracting Japanese buyers.

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

Original content

The Korea Fisheries Trade Association bid-consultation opening ceremony. Korean seaweed is the world's No. 1 product in market share, and exports are increasing every year. For the sustainable development and globalization of the seaweed industry, the 'Act on Fostering and Supporting the Seaweed Industry' was enacted on December 22, 2021. Bae Gi-il, chairman of the Korea Fisheries Trade Association, said, "We expect to strengthen the competitiveness of the seaweed industry and increase fishery income through the preparation of legal grounds for fostering and supporting the seaweed industry." Chairman Bae said, “If systematic support and management are provided to export processing companies, such as farm management and scientific infrastructure establishment through cultivation, production, and support of seaweed seeds in the basic plan for the promotion of the seaweed industry, we expect exports to increase.” “The amount of seaweed export is currently reaching about 700 million ...

Source: Donga