[2021 National Audit] Minister of Oceans and Fisheries: "Year-end Shipping Revenue 40 Trillion Won... Recovery 'Before Hanjin Shipping Bankruptcy'"

7th National Assembly Agriculture, Food, Rural Affairs and Oceans Committee Audit of the Ministry of Oceans and Fisheries

"Achieving Over 2.5 Billion USD in Seafood Exports by Year-End"

Minister of Oceans and Fisheries Moon Sung-hyuk appeared at the National Assembly's Agriculture, Forestry, Livestock, Food, and Oceans and Fisheries Committee's audit of the Ministry of Oceans and Fisheries held on the 7th, delivering a work report. Photo by Yoon Dong-joo doso7@

[Sejong=Asia Economy Reporter Moon Chaeseok] Moon Seong-hyeok, Minister of Oceans and Fisheries, stated on the 7th, "By the end of the year, major shipping indicators are expected to recover to levels prior to the bankruptcy of Hanjin Shipping."

Minister Moon said at the National Assembly Agriculture, Food, Rural Affairs, Oceans and Fisheries Committee’s audit held at the Government Complex Sejong in the morning, "By the end of this year, we plan to achieve shipping sales of 40 trillion won and an ocean container capacity of 1.05 million TEU." One TEU refers to one 20-foot container.

He continued, "Since the second half of last year, we have deployed 74 temporary vessels to support the transportation of 170,000 TEU of cargo, doing our best to resolve logistics difficulties faced by our companies in exports and imports."

Additionally, he introduced business plans, saying, "Through events promoting seafood consumption, we aim to support fishermen facing hardships, and with customized support for promising export companies, we intend to achieve seafood exports exceeding 2.5 billion dollars this year."

Regarding the Japanese government’s decision to discharge contaminated water from the Fukushima nuclear power plant into the ocean, Minister Moon emphasized, "We will expand radiation monitoring in our waters, strengthen safety inspections of domestic seafood, and tighten enforcement of origin labeling for imported seafood."

He added, "We will also steadily implement facility improvement projects to secure hygiene and safety at distribution stages such as clean fish markets."

Minister Moon referred to the special safety measures for port workplaces established in July following the container accident at Pyeongtaek Port in April that resulted in the death of the late Lee Seon-ho, stating, "We will reliably introduce port safety inspectors and support the installation of disaster prevention facilities."

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