Controversy over the expansion of electronic auctions... distributors "concerned about falling profits"

Published 2025년 12월 15일

Tridge summary

Opposition is intensifying at Noryangjin Fisheries Wholesale Market regarding the expansion of electronic auctions. Shippers and wholesalers strongly opposed the electronic auctions, arguing that they do not align with the market's actual operational structure and could directly disadvantage fishermen by causing delays in auctions. Noryangjin Fisheries Co., Ltd. held the 'First Noryangjin Fisheries Wholesale Market Management and Operations Committee Meeting of 2025' on the 6th floor of the Noryangjin Fisheries Market conference room, where they discussed plans for applying electronic auctions by item. On that day, Kim Jae-wook, Chairman of the Shippers' Association, emphasized that "electronic auctions are not necessarily required" and that "the advantages of electronic auctions are virtually 0%." He stated, "If it were a win-win situation,

Original content

Resistance is intensifying at Noryangjin Fisheries Wholesale Market regarding the expansion of electronic auctions. Sellers and wholesalers strongly oppose the expansion, arguing that electronic auctions do not align with the market's actual operational structure and could directly disadvantage fishermen by causing delays in auctions and affecting the formation of fishing prices. On the 10th, Noryangjin Fisheries Co., Ltd. held the 'First Noryangjin Fisheries Wholesale Market Management and Operations Committee Meeting of 2025' in the 6th-floor conference room of Noryangjin Fisheries Market, discussing plans for applying electronic auctions to different items. On this day, Kim Jae-wook, Chairman of the Seller Association, emphasized that "there is no need to insist on electronic auctions" and that "the advantages of electronic auctions are virtually 0%." He stated, "Auctions that take 10 minutes on paper can take 30 to 40 minutes with electronic auctions." He added, "If it were a ...

Source: Fisheco