South Korea: Jeonnam Province invests KRW 63 billion to foster eco-friendly aquaculture industry

Seafood

South Korea

Innovation & Technology

Published Feb 26, 2024

Tridge summary

South Korea's Jeonnam Province is planning to invest 63 billion won into 24 projects aimed at developing a competitive and eco-friendly aquaculture industry. The projects will focus on enhancing aquaculture production, automation, advanced equipment, and regionally specialized breeds. Additional investments will be made in infrastructure, seaweed industry stabilization, and disaster prevention. The initiative is designed to boost the competitiveness of the aquaculture industry, generate local employment, and address the issues of aging and population decline in fishing villages.

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Original content

Jeonnam Province announced that it will promote 24 projects, including support for aquaculture production, with a budget of 63 billion won this year to foster a competitive, eco-friendly aquaculture industry. The goal is to increase the competitiveness of the aquaculture industry by expanding support for automation and advanced equipment for aquaculture facilities and responding to the aging and population decline of fishing villages by intensively cultivating regionally specialized breeds along with fisheries disaster prevention projects. By sector, 39.5 billion won will be invested in 13 projects, including fostering eco-friendly fish farming and supporting aquaculture production, to improve fisheries management conditions by building smart aquaculture facilities, automated fish farm facilities, automated feed feeding systems, and fish farming management systems. In addition, KRW 6 billion will be invested in infrastructure construction costs for the Yeonggwang Agriculture ...

Source: Fisheco