South Korea: Halibut exports to Vietnam are increasing

Published 2022년 11월 21일

Tridge summary

The Korea Agro-Fisheries & Food Trade Corporation, together with major flounder exporters, has initiated a campaign to expand halibut exports, particularly focusing on Jeju Island. Halibut, which accounts for 65% of Korea's seafood and farmed fish consumption, is primarily used for sashimi and about 11% is exported mainly to the US, Japan, and China. Despite facing challenges in the export industry, the corporation is seeking support and discussing the diversification of new markets, including Vietnam, and safety management measures to enhance export competitiveness. Halibut exports have seen a significant increase in demand, surpassing $45 million by the end of October, up 6.5% from the previous year.

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

Original content

The Korea Agro-Fisheries & Food Trade Corporation has prepared a place to expand halibut (flatfish) exports. The Korea Agro-Fisheries & Food Trade Corporation (aT, President Kim Chun-jin) held a campaign to expand flounder exports in Jeju Island on the 15th with major flounder exporters such as the Healthier Flounder Export Council (Chairman Han Woo-jin) and Jeju Suhyup Distribution Co., Ltd. (CEO Kang Byeong-cheol). It was announced that a meeting was held for Halibut accounted for 65% of Korea's seafood and farmed fish consumption last year, with a domestic production of 41,791 tons and a production value of 662.1 billion won. As it is a representative national sashimi, 50% of production is used for sashimi, and about 4,500 tons, or about 11% of production, are exported overseas. About 90% of exports are to the US, Japan, and China, and exports to new markets such as Vietnam are also brisk starting this year. At this meeting, the corporation shared trends in halibut production ...

Source: Fisheco