South Korea is heavily dependent on Russia for seafood imports.

97% of frozen cod comes from Russia, with an import price of $1.04 per kilogram, lower than the $1.63 per kilogram in the United States and $1.73 per kilogram in China. The average import price of cod is $1.06 per kilogram, up 9% from $0.97 per kilogram in the same period of 2024.

In August, the total amount of seafood imported from Russia by South Korea increased by 2%, reaching 19,684 tons.

The cumulative import volume from January to August decreased by 1% to 165,361 tons.

Russian seafood accounts for 27% of South Korea's total seafood imports.

The average unit price of Russian seafood increased by 2% to $3.17 per kilogram.

South Korea's heavy reliance on Russian seafood means that the future stability of its supply and prices depends on international developments and fluctuations in Russian catch volumes.