Deep sea fishing production in South Korea from January to May: 222,943 tons

Published Jul 8, 2024

Tridge summary

In the first half of this year, Korea's deep-sea fishing production saw a notable increase, with total production reaching 222,943 tons, a 38% rise from the same period last year. This growth was driven by a 41% increase in tuna production to 140,858 tons and a 96% surge in squid catches to 58,879 tons. Despite challenges like rising oil prices and resource localization, the ocean industry is crucial for enhancing Korea's food self-sufficiency and stabilizing seafood prices, according to Kim Young-gyu, president of the Korea Ocean Industry Association.

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

Original content

In the first half of this year, deep-sea fishing production is showing a strong trend. This is due to an increase in catches of tuna and squid. According to the Korea Ocean Industry Association, domestic deep-sea fishing production from January to May of this year was 222,943 tons, a 38% increase from the same period last year (162,083 tons). This is a 15% increase compared to 2022. By fish species, tuna production increased by 41% compared to last year, recording 140,858 tons, and squid was caught at 58,879 tons, a 96% increase, leading to increased production. Kim Young-gyu, president of the Korea Ocean Industry Association, said, “Despite ...

Source: Fisheco