South Korea: The distributor price of Chuseok seafood could be affected by the discharge of contaminated water in Japan

Seafood

Japan

South Korea

Published Aug 25, 2023

Tridge summary

The distribution industry in South Korea is concerned about the impact of Japan releasing radioactively contaminated water from the Fukushima Daiichi Nuclear Power Plant on the upcoming Chuseok holiday. Major stores and markets have stockpiled representative items for Chuseok, such as cutlassfish and jade fish, and have diversified their import sources to mitigate radiation risks. However, there are concerns that the avoidance of seafood due to the water discharge could cause losses in the seafood gift set and general seafood markets.

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Original content

Samples of gift sets for pre-order sales of Chuseok gift sets are displayed at a hypermarket in Seoul. 2023.8.18/News1 ⓒ News1 As Japan started releasing radioactively contaminated water stored at the Fukushima Daiichi Nuclear Power Plant on the 24th, the distribution industry is keenly aware ahead of Chuseok. With some exceptions, the amount was stockpiled at least several months in advance, but if the atmosphere of avoiding aquatic products spreads due to the discharge of contaminated water, it could accumulate in inventory and lead to losses. According to the industry on the 25th, major department stores and large marts are Chuseok stockpiles of representative items such as , cutlassfish, and jade fish have been expanded compared to this year’s Lunar New Year’s, and they have secured supplies for next year’s Lunar New Year’s in advance. They are also diversifying their import sources, such as purchasing shellfish and fresh fish from regions geographically far from Japan and ...

Source: Donga