Release of 11,800 Tons of Stockpiled Seafood for Chuseok... Online and Offline Discount Events

Ministry of Oceans and Fisheries, Chuseok Livelihood Stability Measures

Operation of Special Traffic Measures Period for Coastal Passenger Ships and Special Measures Period for Port Operations
Advance Payment of Up to 50% of Typhoon Damage Disaster Insurance to Aquaculture Farms before Chuseok

[Sejong=Asia Economy Reporter Joo Sang-don] Ahead of the Chuseok holiday, the government has decided to release government-stocked seafood to stabilize seafood prices and conduct online and offline discount events. In addition, up to 50% of disaster insurance payments for typhoon damage to aquaculture farms will be paid in advance before Chuseok.

On the 10th, the Ministry of Oceans and Fisheries announced that it will implement the government joint "Chuseok Livelihood Stabilization Measures" containing these details.

First, 11,803 tons of government-stocked seafood will be released by the 29th. The release quantities by item are 10,139 tons of pollock, 470 tons of squid, 438 tons of hairtail, 368 tons of mackerel, 366 tons of croaker, and 22 tons of dried anchovies. The Ministry of Oceans and Fisheries plans to flexibly manage the release volume during the release period considering market conditions and supply and demand.

The government-stocked seafood will be supplied first to consumer direct sales locations such as large supermarkets and traditional markets nationwide so that the public can feel the discount effect, and the remaining quantity will be supplied to wholesale markets. The recommended retail price of government-stocked seafood is set at about 10-30% lower than market prices, so it is expected to significantly reduce consumers' burden ahead of the Chuseok holiday.

To reduce the burden of grocery prices on the public, the "Korea Genuine Seafood Festival" will be held until the 30th targeting seasonal seafood. This discount event will be conducted by offering a 20% discount on seafood purchase amounts at large supermarkets, online shopping malls, seafood distribution startups, and traditional markets. Special sales events will also be held at nationwide Suhyup Sea Mart locations (16 stores) and online shopping malls for Chuseok.

To quickly support the recovery of aquaculture farms damaged by Typhoon Bavi (No. 8) and Typhoon Maysak (No. 9), up to 50% of the fisheries disaster insurance will be paid in advance before the Chuseok holiday.

Along with this, to ensure no disruption in the use of coastal passenger ships during the Chuseok holiday, a "Special Traffic Measures Period for Coastal Passenger Ships" will be operated from the 29th of this month to the 4th of next month. To prevent the spread of COVID-19 through coastal passenger ships, the average daily number of operations on routes with high passenger demand during the holiday period will be increased from the usual 778 times to 884 times, 106 more, to prevent crowding. To enhance passenger convenience, temporary parking lots (8 locations with 1,240 spaces) will be secured near piers and ports, and pre-inspection and management of the computerized ticketing system will be conducted to minimize ticketing and waiting times for passengers.

To ensure no disruption in port use and operations such as export and import cargo handling during the Chuseok holiday, a "Special Measures Period for Port Operations" will be operated at trade ports nationwide from September 30 to October 4.

Cargo owners or shipowners who have cargo to be handled during the Chuseok holiday can request the pier operator in advance to allow normal cargo loading and unloading. The Ministry of Oceans and Fisheries will establish an emergency operation system including shift work and leave for port workers and maintenance of emergency contact networks to respond to urgent cargo handling during the holiday. To support vessels entering and leaving ports, the "Maritime Port Logistics Information System (PORT-MIS)" that handles port civil complaints and permit applications will operate normally, and dedicated personnel will be on standby 24 hours to respond to system failures. Tugboat companies and pilots will also form standby teams by port to provide services as usual, and port-related businesses such as ship fuel supply, port services, and ship supplies will operate normally except on Chuseok day, providing services on Chuseok day if there is demand.

This content was produced with the assistance of AI translation services.