Haenam-gun and Dabok Co., Ltd. Sign Business Agreement to Revitalize Abalone Distribution

Establishing Haenam Abalone Distribution Network and Expanding Sales for Win-Win Cooperation

Haenam County signed a business agreement with Dabok Co., Ltd., a major abalone distribution company. (Photo by Haenam County)

[Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] Haenam-gun, Jeollanam-do (Governor Myeong Hyun-gwan) announced on the 2nd that it has signed a business agreement with Dabok Co., Ltd., a major abalone distribution company, to cooperate for mutual growth in seafood distribution.

Dabok Co., Ltd., one of the top abalone distribution companies nationwide with annual sales of around 100 billion KRW, recently established an abalone processing and distribution center in Bukpyeong-myeon, Haenam-gun, and began distribution operations for live abalone and processed abalone products.

At the business agreement ceremony held on the 30th of last month in the county office situation room, Haenam-gun Governor Myeong Hyun-gwan and Dabok Co., Ltd. General Representative Oh Jeong-mok attended and promised to establish a cooperative system to build a stable distribution network and expand sales of Haenam abalone.

Accordingly, they agreed to mutually cooperate to ensure appropriate purchase prices for Haenam abalone, promotion and sales, priority employment of Haenam residents, and revitalization of the local economy, as well as stable and smooth supply of high-quality abalone.

Governor Myeong Hyun-gwan said, “As the nationwide abalone farming area has increased, difficulties for abalone farmers such as price instability have intensified. Through this business agreement, we expect to create a new turning point for the sales and distribution of high-quality Haenam abalone, contributing to increased income for farmers and revitalization of the local economy.”

Haenam is a major abalone production area accounting for 1,500 tons annually, or 8% of the national production (as of 2018). Haenam abalone is called “pearl abalone” because it grows in nutrient-rich mudflats. Its taste and nutritional content are much richer than those of general farmed abalone, and it was registered as Geographical Indication No. 19 for seafood by the National Fishery Products Quality Management Service in 2014.

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