Domestic Supply on Alert Amid Norwegian Mackerel Quota Adjustment...KMI, Oceans Ministry, and Norway to Cooperate

Sharing Trends in Domestic Supply and Consumption of Norwegian Seafood

Joint Response to Market Impact from Mackerel Quota Adjustments

There is growing interest in the impact on the domestic seafood market as supply conditions for Norwegian mackerel—which accounts for a significant portion of Korea's mackerel imports—are changing due to adjustments in fishing quotas.

On September 3rd, the Korea Maritime Institute (KMI) held a "Policy Council Meeting between the Korea Maritime Institute, the Ministry of Oceans and Fisheries, and the Norwegian Seafood Council" at the institute's main conference room in Busan, where they shared trends in the domestic supply and consumption of Norwegian seafood products.

This council meeting aimed to examine market changes in key imported items such as Norwegian mackerel—which holds a large share of the local seafood market—as well as salmon, and to discuss responses and cooperation strategies between the two countries in light of changing supply conditions.

In particular, participants exchanged views on how adjustments to Norway's mackerel fishing quotas might affect future domestic supply volumes and prices. They also reached a consensus on the need to share market information from producing and exporting countries more quickly to ensure a stable supply of seafood.

The discussions also incorporated the results of research on Norway's production, processing, and export systems, which the Ministry of Oceans and Fisheries and KMI conducted locally in Norway in July. Based on a better understanding of local production and distribution structures, they discussed ways to exchange information in order to respond to changes in the Korean market.

Norway is one of Korea's major seafood import partners. In January of this year, the Norwegian Seafood Council elevated its Korea office from a sub-office under its Japan branch to an independent overseas office, thereby further strengthening cooperation and responsiveness to the Korean market.

Attendees at the meeting included Yang Youngjin, Director General of Fisheries Policy at the Ministry of Oceans and Fisheries, Yoon Seongsun, Vice President of KMI, Monica Tausen, Deputy Head of Mission at the Embassy of Norway in Korea, and Ingebjorg Jordal, Korea Market Director at the Norwegian Seafood Council.

The participants exchanged extensive views on domestic supply and consumption trends, market changes for major products like mackerel and salmon, and Norway's production, processing, and export systems.

In the future, both countries agreed to formalize the exchange of seafood market information, expand the discussions to include more practical cooperation such as co-hosted seminars and research projects, and deepen bilateral engagement.

KMI President Cho Jeonghee stated, "We will seek practical cooperation based on the policy direction of the Ministry of Oceans and Fisheries, KMI's investigation and research experience, and the market information of the Norwegian Seafood Council, through information exchange, joint seminars, and research. I hope this council meeting will serve as an opportunity to further advance fisheries cooperation between Korea and Norway."

The Korea Maritime Institute held the "Policy Council Meeting of the Korea Maritime Institute, Ministry of Oceans and Fisheries, and Norwegian Seafood Council" on the 3rd at the Korea Maritime Institute's main conference room in Busan, along with the Ministry of Oceans and Fisheries and the Norwegian Seafood Council (NSC), and took a commemorative photo.

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