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A cold rice dish, synonymous with the highest quality seafood. There is no production line.
Korean seafood plummets
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According to the media, the government plans to allow conversion of existing seafood farms into seaweed farms starting in July of this year. New development of seaweed aquaculture has been prohibited, and conversion from existing seaweed farming to seaweed farming has been impossible. However, this year, we plan to revise the basic guidelines for use and development of licensed fish farms to allow this and expand the supply of seaweed.
Article summary: Promotion of conversion from abalone farming to seaweed farming
Crisis in the abalone industry
Prices have fallen due to decreased demand for abalone and sluggish consumption.
Abalone price: 39,250 won as of December 2022 → 25,000 won in 2023 (36% decline).
The management crisis of abalone farmers is deepening.
government measures
Conversion of existing seafood farms into seaweed farms is scheduled to be permitted (starting in July 2024).
Promoting conversion to seaweed farming to improve the profitability of abalone farmers.
growth of seaweed industry
Kim holds a 70% market share in the global market and ranks first in domestic seafood exports.
Seaweed export volume: 15,908 tons in 2013 → 35,446 tons in 2023 (exports tripled).
Seaweed price increase: 4,772 won in 2022 → 12,000 won in 2023.
expected effect
Prevent price decline due to decreased abalone supply.
Expansion of seaweed production and stabilization of domestic and export markets