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South Korea: The status of live yellowtail imports from Japan and its impact on domestic aquaculture industry

Published Feb 8, 2024

Tridge summary

The import of live yellowtail from Japan to Korea has surged by 20% last year, leading to concerns in the domestic fish farming industry due to falling prices and increasing backlog of fish. The Korea Maritime Institute reveals that Japan is the sole importer of live yellowtail in Korea, driven by high consumer demand and a depreciating Japanese yen. Chairman Kim has urged for stricter regulations on country of origin labeling and quarantine procedures for imported marine products, including a return to 100% inspection rates of imported fishery products from Japan, which has been reduced to 3%. Fishermen are also advocating for stronger quarantine procedures, standards, and higher tariffs on imported live marine products to safeguard the domestic fishing industry.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

We need to find a way to survive against the influx of imports. The amount of Japanese imports increases from 298 tons in 2015 to 3,239 tons in 2023. We need to strengthen crackdown on the origin of imported fishery products and quarantine and increase tariffs. Guaranteed safety and sales of domestic products... Fish farming and the public can also be protected. Last year, imports of live yellowtail from Japan increased by about 20% compared to the previous year, returning to previous levels. This can be interpreted as the impact of Japan's continued low yen and expansion of yellowtail consumption, and various concerns are being raised in the domestic fish farming industry. According to data from the Korea Maritime Institute (KMI) Fishery Products Export Information Portal, the three countries from which Korea imports live yellowtail (as of 2015) are Japan, China, and Indonesia. Among these, Indonesia's trade of 1 ton only in 2022 is virtually meaningless, and China's imports ...
Source: Fisheco
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