News

Suhyup increases exports of domestic marine products to the Greater China region

Seafood
China
Regulation & Compliances
Market & Price Trends
Published Feb 23, 2024

Tridge summary

The National Federation of Fisheries Cooperatives has entered into a business agreement with multinational seafood distributor, Sunwa Group, to boost the export of Korean seafood products to the Greater China region. This follows Sunwa Group Chairman Jonathan Choi's interest in importing fishery products from the federation's member cooperatives. The deal will utilize Sunwa Group's distribution network in China, Macau, and Singapore, using Hong Kong as the base.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The National Federation of Fisheries Cooperatives agreed with Sunwa Group, a multinational company with a seafood distribution affiliate, to expand domestic seafood exports to the Greater China region. The Federation of Fisheries Cooperatives signed a business agreement with Sun Wa Group in Hong Kong on the 21st. Sunwa Group, headquartered in Hong Kong, has subsidiaries related to seafood wholesale and retail, and restaurants. According to this business agreement, the two sides decided to increase trade in Korean seafood products through Sunwa Group's own seafood distribution network. It is expected that Sunwa Group's overseas branches in China, Macau, and Singapore will be used here, with Hong Kong as the base. According to the Federation of Fisheries Cooperatives, this business agreement was concluded when Sunwa Group Chairman Jonathan Choi actively expressed his intention to import fishery products from the member cooperatives, such as oysters, red snow crabs, and scallops, at ...
Source: Agrinet
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