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Busan International Fish Market

Purpose of Opening

Busan International Fish Market > Market Information > Purpose of Opening
busan International fish market

Overview of Wholesale Market

  • Name: Busan International Fish Market
  • Establisher: Mayor of Busan Metropolitan City
  • Location: 35, Wonyang-ro, Seo-gu, Busan, 49277, Republic of Korea
  • Working Expenses: 209 Billion Won(Governmental Expense 70%, City Expense 30%)
  • Scale: Site 102,011㎡, Total Floor Area 112,351㎡
  • Trade: Wholesale Market Company System(Auction System).
  • Two Corporations Dealing with Deep-Sea, Import, and International Fisheries products
  • And One Corporation Dealing with Coastal Fisheries products

The Purpose of the Establishment

  • Securing the 21st century international integrative distribution system that meets the function of the largest Fisheries products distribution center in Korea and occupying a central position in the distribution and trade of Fisheries products of North-East Asia
  • Securing international competitiveness for the distribution of Fisheries products in preparation for rapid change in international Fisheries products distribution market due to the establishment of WTO system and the conclusion of FTA, etc.
  • Planning the stabilization of the price of Fisheries products and securing food safety by establishing aquatic products distribution system