The Republic of Korea is a powerful leader at the forefront of global seaweed production especially food grade seaweed, providing a model for other governments seeking to expand into the sector.
South Korea’s exports of seaweed food products accounts for 70.6% of the global market size estimated at USD 918 million. Last year, the country exported USD 770 million worth of seaweed products to 124 nations, including the United States, Japan, China and Thailand.
The huge success of seaweed aquabusiness in the Republic of Korea can be attributed to the country's distinctive approach to competitive strategies implemented throughout the value chain encompassing species selection, hatchery processes, growth phases, harvesting and processing.
Notably, a range of institutions collaborate to develop policies, establish research and development initiatives, undertake sector promotion, and pollinate jurisdictional implementation at the provincial and county level. The development of highly advanced seaweed cultivation technologies has contributed significantly to sectoral expansion.
For example, Korea Maritime Institute (KMI) and Wando County in the province of South Jeolla are fostering a roadmap designed to support a resilient and sustainable future in Korea. In particular, Wando County, which accounts for half of Korea’s seaweed production, has established highly advanced strategies to boost seaweed-coastal communities.
These innovations offer an example to countries with substantial coastal areas facing barriers to potentially lucrative seaweed sector expansion to meet growing demand.
Overall, the global seaweed market is expected to record a compound annual growth rate (CAGR) of 9% from 2021 to 2028 to reach USD 23.2 billion by 2028.
In this context, the World Bank Group AquaInvest Platform, funded by the PROBLUE Multi-Donor Trust Fund and Korea-World Bank Group Partnership Facility (KWPF) is organizing a webinar. Republic of Korea seaweed experts will share insights into how they have positioned the country as one of the top seaweed producers in the world.
AGENDA Chair /Moderator
________________________________________ Harrison Charo Karisa, Senior Fisheries Specialist (Aquaculture), Environment, Natural Resources & Blue Economy Global Practice, The World Bank Opening remarks
________________________________________ Valerie Hickey, Global Director, Environment, Natural Resources & Blue Economy Global Practice, The World Bank
Alexandra Pugachevsky, Program Manager, Korea-World Bank Group Partnership Facility (KWPF)
Presentations
________________________________________
“AquaInvest Platform and KWPF seaweed grant” Christopher Ian Brett, Lead Agribusiness Specialist, Agriculture & Food Global Practice, The World Bank
Focus on Korea seaweed policy Heon-ju Jo, Director, Fisheries Management and Resource Research Division, Korea Maritime Institute (KMI)
Seaweed production technology and governance in Wando County Hee Sung CHO, Fisheries Management and Distribution Processing Team, Wando County, South Korea
Question and Answer
________________________________________ Harrison Charo Karisa, Senior Fisheries Specialist (Aquaculture), Environment, Natural Resources & Blue Economy Global Practice, The World Bank
Closing Remarks
________________________________________ Christian Peter, Practice Manager, Environment, Natural Resources & Blue Economy, The World Bank
Calendar » Webinar: Catalyzing Seaweed Aquaculture: Perspectives from the Republic of Korea
Webinar: Catalyzing Seaweed Aquaculture: Perspectives from the Republic of Korea
Webinar link:
https://worldbankgroup.zoom.us/j/97024190241?pwd=Z2kwT3RkTk9HaWNjZy96aSs3amt5Zz09
Meeting ID: 970 2419 0241
Passcode: kSEkHt*ZL1
The Republic of Korea is a powerful leader at the forefront of global seaweed production especially food grade seaweed, providing a model for other governments seeking to expand into the sector.
South Korea’s exports of seaweed food products accounts for 70.6% of the global market size estimated at USD 918 million. Last year, the country exported USD 770 million worth of seaweed products to 124 nations, including the United States, Japan, China and Thailand.
The huge success of seaweed aquabusiness in the Republic of Korea can be attributed to the country's distinctive approach to competitive strategies implemented throughout the value chain encompassing species selection, hatchery processes, growth phases, harvesting and processing.
Notably, a range of institutions collaborate to develop policies, establish research and development initiatives, undertake sector promotion, and pollinate jurisdictional implementation at the provincial and county level. The development of highly advanced seaweed cultivation technologies has contributed significantly to sectoral expansion.
For example, Korea Maritime Institute (KMI) and Wando County in the province of South Jeolla are fostering a roadmap designed to support a resilient and sustainable future in Korea. In particular, Wando County, which accounts for half of Korea’s seaweed production, has established highly advanced strategies to boost seaweed-coastal communities.
These innovations offer an example to countries with substantial coastal areas facing barriers to potentially lucrative seaweed sector expansion to meet growing demand.
Overall, the global seaweed market is expected to record a compound annual growth rate (CAGR) of 9% from 2021 to 2028 to reach USD 23.2 billion by 2028.
In this context, the World Bank Group AquaInvest Platform, funded by the PROBLUE Multi-Donor Trust Fund and Korea-World Bank Group Partnership Facility (KWPF) is organizing a webinar. Republic of Korea seaweed experts will share insights into how they have positioned the country as one of the top seaweed producers in the world.
AGENDA
Chair /Moderator
________________________________________
Harrison Charo Karisa, Senior Fisheries Specialist (Aquaculture), Environment, Natural Resources & Blue Economy Global Practice, The World Bank
Opening remarks
________________________________________
Valerie Hickey, Global Director, Environment, Natural Resources & Blue Economy Global Practice, The World Bank
Alexandra Pugachevsky, Program Manager, Korea-World Bank Group Partnership Facility (KWPF)
Presentations
________________________________________
“AquaInvest Platform and KWPF seaweed grant”
Christopher Ian Brett, Lead Agribusiness Specialist, Agriculture & Food Global Practice, The World Bank
Focus on Korea seaweed policy
Heon-ju Jo, Director, Fisheries Management and Resource Research Division, Korea Maritime Institute (KMI)
Seaweed production technology and governance in Wando County
Hee Sung CHO, Fisheries Management and Distribution Processing Team, Wando County, South Korea
Question and Answer
________________________________________
Harrison Charo Karisa, Senior Fisheries Specialist (Aquaculture), Environment, Natural Resources & Blue Economy Global Practice, The World Bank
Closing Remarks
________________________________________
Christian Peter, Practice Manager, Environment, Natural Resources & Blue Economy, The World Bank