Busan is a world-class marine and fisheries city, well-equipped with a variety of marine and fisheries infrastructure including the Busan International Fish Market. Furthermore, the National Fisheries Research & Development Institute, Korea Maritime and Ocean University, and Pukyong National University provide an abundance of manpower, expertise and research toward developing fisheries policies.
Busan is located between the North and South Pacific fishing grounds as well as in the center of Japan, China, Russia and Taiwan, who are the largest consumers of fisheries products. To take advantage of its location, the city has created a cluster of fisheries distribution and processing companies as well as refrigerated warehouses. Busan is not only a gateway for the export and import of fisheries products, but also a center for distribution.
With the aim of creating the largest international fisheries product logistic trade platform, the Busan International Fish Market is equipped with state-of-the-art refrigeration, cold storage and processing facilities along with a specialized port for deep-sea fishing. The market also welcomes a steady stream of visitors from home and abroad from such countries as Japan, China, and Russia.
Busan Metropolitan City is working hard towards establishing a cluster for Northeast Asia’s fisheries products as well as preparing to take new leaps forward in the industry. We are ready to be a world class marine and fisheries city, with unlimited potential in the fisheries sector.
I sincerely would like to ask for your keen interest and continued support.
The Wholesale Market of the Busan International Fish Market(BIFM), opened in Gamcheon Port on September 18th, 2008, is the first and largest public wholesale fish market in Korea. The market is composed of 7 buildings including a wholesale market place with a floor area of 71,587㎡ and a 25,000 M/T capacity-refrigerated and cold storage warehouse equipped with freezing and de-icing facilities, as well as a pier where two 20,000-ton ships can be berthed at the same time.
In addition, its sophisticated facilities with automated logistics and computerized dealing systems as well as a safe and fast operating system has resulted in reduced distribution costs and improved sanitary processing, enabling the Market to provide high-quality fish products to customers.
Thanks to the efforts of the wholesale market corporation and intermediary wholesalers, we have witnessed growth year on year by achieving a turnover of 190 billion won, or 680,000 tons.
We will not be complacent. We will do our best to make the Market more dynamic and more competitive by coping actively with the rapidly changing environment in the international fisheries market and limitless competition at home and abroad.
We will spare no effort to further develop the market and provide the best services possible to customers by strengthening the capabilities of the market operators, by modernizing facilities and by offering high-quality products.
I would like to ask for your continued interest and support.
Thank you very much.
Head of the Management Office BIMF Wholesale Market