South Korea: Jeollanam-do to foster individual oysters as high value-added export products

Published 2022년 4월 11일

Tridge summary

South Korea's Jeollanam-do province is investing 17 billion won to boost its fishery income to 60 billion won by 2025, primarily through expanding individual oyster aquaculture. This high-value product, currently all exported to China, Taiwan, and Hong Kong, fetches prices 5 to 10 times higher than truncated oysters due to its superior taste and nutrient content. The province plans to back 50 eco-friendly oyster farms, increase the oyster farm size from 43 hectares to 500 hectares, and enhance farmers' skills in rearing individual oysters. The initiative aims to address the labor shortage in fishing villages and promote eco-friendly aquaculture by reducing the use of Styrofoam buoys.

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

Original content

Jeollanam-do recently announced that it is aiming to achieve a fishery income of KRW 60 billion by 2025 by investing KRW 17 billion to expand the aquaculture base in order to stably produce individual oysters, which are recently spotlighted as a new high value-added aquaculture variety. Because individual oysters have excellent taste and flavor and are rich in mineral nutrients, they are traded at a price 5 to 10 times higher than that of truncated oysters that are currently farmed in a general form. The entire 150 tons of annual production in Jeollanam-do is exported to China, Taiwan and Hong Kong. However, individual oysters require a lot of initial equipment cost for aquaculture. For this reason, Jeollanam-do will spend 17.2 billion won to support 50 eco-friendly oyster farms, and plan to expand the current 43ha oyster farm to 500ha by 2025. It also supports the acquisition of specialized skills, such as expanding education on aquaculture techniques such as culturing individual ...

Source: Fisheco