News

South Kores: Jeonnam Province achieves export goal of $300 million in seaweed with all efforts

Fresh Seaweed
Frozen Seaweed
Seafood
South Korea
Market & Price Trends
Published Feb 19, 2024

Tridge summary

South Korea's Jeonnam Province, responsible for 78% of the country's seaweed production, is targeting to export $300 million worth of seaweed, dubbed the 'black semiconductor.' The province is focusing on high-quality, value-added products, establishing a seaweed industry cluster, implementing a quality grading system, and operating the International Dried Seaweed Exchange. This comes as the global seaweed market sees growth due to a rising preference for plant-based proteins and healthy, low-calorie snacks. Additionally, plans are underway to construct a seafood export complex by 2025 and establish an international seaweed exchange.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Jeonnam Province ranks first in domestic seafood exports and is striving for high quality and high value-added by creating a seaweed industry cluster, implementing a quality grading system, and operating the International Dried Seaweed Exchange to achieve the goal of exporting $300 million of seaweed, also known as the ‘black semiconductor.’ Seaweed production in the Jeonnam region accounts for 78% of the entire country. Accordingly, seaweed exports amount to $248 million, accounting for 31.4% of the national total. Seaweed from Jeonnam is produced in clean waters with large tidal ranges, good flow of currents, and plenty of sunlight, so it is rich in nutrients such as protein and vitamins A, B, and C. Recently, there has been a global trend of preferring plant-based proteins, which are good for health and the environment, instead of meat, making it a food preferred by people around the world. In addition, the global seaweed market is growing rapidly due to the popularity of ...
Source: Fisheco
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