South Korea: Jeonnam Province invests 5 billion won in new oyster farm modernization

Published Feb 5, 2024

Tridge summary

South Korea's Jeonnam Province is investing 5 billion won in a project to modernize oyster farms, aiming to boost oyster exports and ensure safe, hygienic production. The province, which derives 43% of its shellfish production from oysters, plans to create a smart aquaculture cluster and support eco-friendly individual oysters. The initiative will also include the modernization of oyster depots and provide support for new construction, renovation, and repairs for oyster operators.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jeonnam Province announced that it will support the modernization project for oyster farms (oyster workshops) by investing 5 billion won in new project expenses to establish a foundation for fostering strategic items such as expanding oyster exports and to expand the foundation for safe and hygienic raw oyster production. In Jeonnam, 735 fishing farms in 11 cities and counties, including Yeosu and Goheung, are producing 46,000 tons of oysters. Converted into income, it amounts to 43.6 billion won. Oyster production accounts for a high proportion of 43% of Jeonnam's total shellfish production. Accordingly, Jeonnam Province established an oyster farming infrastructure plan for 2022 to foster oysters as a strategic variety. By investing KRW 56 billion in the creation of a smart aquaculture cluster and support for eco-friendly individual oysters, we are promoting various aspects such as creating a cutting-edge aquaculture infrastructure, supporting eco-friendly aquaculture facilities, ...
Source: Fisheco

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