Ministry of Oceans and Fisheries: “Goal of $1 Billion in Seaweed Exports by 2027”

The Ministry of Oceans and Fisheries in South Korea is taking steps to enhance the country's global leadership in the seaweed market and reach $1 billion in seaweed exports by 2027. This involves developing 2,700 hectares of new seaweed farms, testing aquaculture in deep waters, increasing supply to stabilize prices, improving processing and distribution efficiency, and building a new production distribution center in Jeollanam-do. The plan also includes strategies for international standardization, research and development, and increasing industry sustainability.

2,700ha of new seaweed farms developed Promoting 1,000ha of seaweed test farming in the open sea The Ministry of Oceans and Fisheries has set a goal of solidifying its leadership in the global seaweed market and achieving $1 billion in seaweed exports by 2027. On October 31, the Ministry of Oceans and Fisheries announced a ‘seaweed industry competitiveness enhancement plan’ that includes measures to ensure a stable supply of raw seaweed (water seaweed), improve processing and distribution efficiency, and enhance the value of the Korean seaweed brand. Vice Minister of Oceans and Fisheries Song Myung-dal said in a briefing that day, “Riding the Korean Wave, our seaweed is captivating the taste buds of people around the world. This year, we have already exported 1 trillion won in September, playing a leading role in exports.” He added, “Although seaweed demand is rapidly increasing, the production of raw seaweed, the raw material, remains at 500,000 to 600,000 tons, and we need to ...