The reality of aquaculture with low income and high debt ratios in South Korea

As seaweed exports increased to 1 trillion won last year, there is strong public opinion that domestic seaweed production should be increased. Although it is a time when new suitable areas need to be developed due to climate change and changes in the coastal environment, the need to produce raw plants for export has increased. However, opinions are divided as to whether Kim, also called ‘black semiconductor’, is a sustainable growth industry. Halibut, red sea bream, and rockfish, which were treated as precious marine fish, were the most popular species to be farmed after the transition from catching to raising fisheries. Abalone farming, with a market size of well over 1 trillion won, including domestic production, was once an attractive business that attracted young urban workers to fishing villages. However, if you look into the inner workings of these fish farms recently, it seems that their former reputation and popularity has disappeared. According to a study conducted last ...