South Korea: Proposal of early release of government stockpile of Russian pollock

The city of Sokcho, Gangwon-do, announced on the 23rd that it had decided to propose to the Ministry of Oceans and Fisheries to release the Russian pollack stockpiled by the government at an early stage. This is because, after the Russian-Ukraine war, the price of Russian seafood has risen sharply and the quantity is insufficient, so pollock processing companies living in the Daepo Agricultural Complex are having difficulties in sourcing raw materials. Food, including seafood, is not subject to export controls related to international economic sanctions, so import and export are possible, but prices have risen due to the prolonged war. In the second half of the year, the fishery of pollock in Russian waters is unclear, and only a very small amount of pollock brought to Busan Port is distributed, making it difficult. Accordingly, Sokcho City decided to hold a meeting on the 21st to collect industry difficulties and to propose early release of government stockpiles to quickly ...