Mokpo Suhyup Tops Nationwide Auction Amount, Surpasses 200 Billion Won

Mokpo Suhyup surpassed 200 billion won in auction sales, achieving first place among all 91 Suhyups nationwide in 84 years since its establishment. (Photo by Mokpo Suhyup)

[Asia Economy Honam Reporting Headquarters Reporter Park Ki-dong] Mokpo Suhyup (Cooperative Head Kim Cheong-ryong) announced on the 24th that it surpassed the highest-ever auction amount of 200 billion won, achieving the great feat of ranking first among all 91 Suhyup nationwide in its 84 years since establishment.

Additionally, with an expected auction amount of 205 billion won by the end of the year, it is also a remarkable achievement rewriting Suhyup history with the highest performance ever recorded by a regional Suhyup (previously 202.6 billion won by Yeosu Suhyup in 2017).

Despite the nationwide trend of decreasing auction amounts due to adverse conditions such as COVID-19, global warming, and marine environmental pollution, achieving this unprecedented auction performance holds even greater significance.

This achievement is the valuable result of attracting external fishing vessels and improving the auction system, which were implemented from the beginning of Kim Cheong-ryong’s tenure as cooperative head.

The main factor behind the auction performance achievement was expanding the fishing vessel gas station in the North Port and attracting large external fishing vessels to increase the convenience for fishermen.

In particular, securing trust through fair transactions with consumers and merchants was key, achieved by improving various auction systems, establishing a transparent auction system, implementing a production real-name system, standardizing fish boxes, and introducing fish sorting machines.

The increase in performance due to attracting external fishing vessels and system improvements has not only greatly improved the Suhyup’s revenue structure but also significantly contributed to revitalizing the Mokpo regional economy and improving the Suhyup’s image.

Kim Cheong-ryong, head of Mokpo Suhyup, said, “Today’s achievement is thanks to the efforts of cooperative members and production fishermen who have dedicated themselves to fishing activities while bravely facing the rough waves of the sea as their livelihood, and I sincerely thank you all for your hard work. Mokpo Suhyup will strive even harder to establish the most efficient and trustworthy advanced auction culture.”

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