South Korea: Seaweed export target of 1 billion dollars, active support for laver industry

Published 2022년 5월 23일

Tridge summary

The Ministry of Oceans and Fisheries in South Korea is strategically focusing on both the development of high-quality seeds and expanding the overseas market for laver, with a target of exporting laver worth $1 billion. Over the past 12 years, seaweed exports have seen a significant increase, growing by 3.1 times in volume and 6.6 times in value. The ministry plans to enhance marketing efforts, especially in e-commerce channels, participate in international food expos, and support aquaculture farmers to reach the $1 billion export goal.

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Original content

Plan to develop excellent seeds and develop overseas market in parallel The Ministry of Oceans and Fisheries is actively supporting the whole laver industry, from seed development to production and processing, with the goal of exporting laver of 1 billion dollars (about 1.278 trillion won). The Ministry of Oceans and Fisheries held a ceremony to commemorate the 11th Seaweed Day in Mokpo-si, Jeollanam-do on the 19th with officials from the laver industry such as the Korea Seaweed Industry Association. According to the Ministry of Oceans and Fisheries, over the past 12 years (2010-2021), the amount of seaweed exports has averaged 19.7% and the export volume has been on the rise at an average annual rate of 10.8%. Over the past 12 years, exports have increased by 3.1 times and 6.6 times, from 110 million dollars to 690 million dollars, and from 9600 tons to 30,000 tons, respectively. This is an average annual increase of 19.7%. In terms of volume, it increased 3.1 times from ...

Source: Susantimes