South Korea: Smart farming cluster business and salmon farming

Published 2021년 10월 8일

Tridge summary

The Ministry of Oceans and Fisheries in South Korea has unveiled a strategy to revitalize domestic salmon farming through the smart aquaculture cluster project. The plan aims to produce 10,000 tons of salmon by 2024 and localize technology by 2028, potentially replacing 40,000 tons of imported salmon annually. The proposal, however, has sparked confusion and skepticism in the aquaculture industry. Critics question the abandonment of previous aquaculture initiatives and express concerns about the smart aquaculture cluster project's lack of direction and financial sustainability. Additionally, they argue that the government is overlooking other profitable aquatic species and failing to provide adequate support.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

There is a lot of talk in the aquaculture industry about the measures to promote salmon farming announced by the Ministry of Oceans and Fisheries on the 5th. Most of the responses are that they do not understand how the policy to revitalize domestic salmon farming using three target sites for the smart aquaculture cluster project, which costs more than 40 billion won per establishment, was established. In this plan, the Ministry of Oceans and Fisheries aims to produce 10,000 tons by creating a production base and embarking on demonstration production by 2024, as well as having a substitution effect by converting salmon, which is imported annually to 40,000 tons per year, into domestic aquaculture industry. will produce 40,000 tons by 2028 through localization of technology such as seed production and industrial advancement, and plan to develop export markets such as Asian markets after 2029. To this end, he said that if large companies and small and medium-sized aquaculture ...
Source: Fisheco

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