South Korea's squid catch has dropped significantly and it needs to rely on overseas imports

Published 2023년 12월 18일

Tridge summary

Squid is a major product of South Korea's east coast fishery and is highly consumed in the country, but due to warming sea waters, squid resources have decreased, leading to a significant drop in squid fishing and production. As a result, South Korea's squid fishing industry is facing severe challenges, with domestic catch barely exceeding 20,000 tons in the first 10 months of the year and production continuing to decrease. To meet demand, South Korea has increased its squid imports, with a more than 40% year-on-year increase in the first half of the year, mainly sourcing from China, Peru, and other countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to news from SeafoodMedia on December 14, squid is a pillar product of South Korea’s east coast fishery and one of the most consumed aquatic products in South Korea. As the sea water warms, squid in South Korea's offshore waters gradually migrate northward, squid resources have plummeted, and squid fishing has dropped significantly, causing South Korea's squid fishing industry to face a severe situation. In the first 10 months of this year, South Korea’s domestic squid catch barely exceeded 20,000 tons. In November, South Korea’s domestic squid production was less than half of the same period last year. Due to rising production costs, fishermen are losing about 30 million won every month. Gangwon Province and North Gyeongsang Province are the main squid producing areas in South Korea. At the beginning of the 21st century, Gangwon Province’s squid fishing volume was about 20,000 tons, but it dropped sharply from 9,846 tons in 2014 to 3,504 tons last year. ...

Source: Foodmate