Trade fairs

Importance of BISFE in the Fisheries Sector

South Korea's fisheries and aquaculture sector has seen a significant shift towards aquaculture due to declining capture production. In response to this trend, the country has invested in technology and development of aquatic species, leading to an increase in aquaculture production. Mariculture, especially seaweed farming, is the largest contributor to total aquaculture production. Although aquaculture accounts for less than 1% of GDP, it has had a positive impact on the economy by providing employment and promoting the development of related industries. The government has implemented policies to further encourage the growth of aquaculture and improve food security. In addition, regulations have been established to ensure the quality of aquatic products and their compliance with international standards.

Seafood Market Overview

The global seafood market is estimated at US$720.76 billion in 2024 and is projected to reach US$771.17 billion by 2029, growing at an annual rate of 1.36% over that period. This increase is partly attributed to the trend towards healthier diets.

The global seafood market is constantly growing, driven by the demand for healthy and sustainable foods. Seafood is a vital source of protein and nutrients, and its consumption is increasing worldwide. However, this market also faces challenges such as sustainability and environmental regulation.

BISFE (fisheries) at international level

The Busan International Fisheries Exhibition, recognized by its UFI certification and as a Promising Exhibition by the Ministry of Trade, Industry and Energy for 16 consecutive years, is a crucial event at international level with the participation of more than 430 companies and institutions from 22 countries. Known as the largest seafood trade fair in Korea and the third largest in Asia, this exhibition is a key meeting point for the global seafood industry.

CAMCOR:

The Guatemalan-Korean Chamber of Commerce is a non-profit association that seeks to facilitate trade between Latin America and South Korea, focusing on commercial and cultural aspects. Since its founding in 2015, it has developed various actions such as trade fairs, business meetings, conferences and cultural encounters to promote commercial exchange.

These initiatives have contributed to the increase in exports and the value of key products such as coffee, bananas, pineapple, cocoa and other value-added products. In addition, it has collaborated with entities that execute Korean, Swedish and American cooperation funds, as well as with cooperatives and producer communities. The objective is to establish solid relationships with Korean buyers and distributors and expand this work model with new business partners in Guatemala and Korea, as well as with productive communities in specific areas.

Current situation of the workforce in South Korea:

In South Korea, workers face significant challenges in the fight for their labor and social rights. Despite previous attempts at government reforms, such as regularizing undeclared employment and raising the minimum wage, these measures have not been effective. The change in government has resulted in economic policies that favor companies over workers, with weak labor regulation and a lack of workplace safety. Long hours and workplace accidents are common, while protests and strikes are repressed by the authorities. Despite this, some workers have shown courage in speaking out against these injustices, highlighting the need for greater protection and respect for labor rights in the country.

The Workforce in South Korea:

South Korea planned to increase the work week to 69 hours, arguing that it would allow workers to accumulate overtime to have longer rest periods, but faced strong opposition, especially from the Millennial and Z generations, as well as unions. This shift went against the global trend of reducing working hours, as seen in countries such as the UK and Belgium, where four-day workweeks have been implemented with positive results on mental health and productivity. South Korea, known for its long working hours, faced criticism over the negative impact on workers’ health and wellbeing, reflecting a global debate on quality of life at work.

Korean Labour Market Challenges:

Overwork in South Korea persists despite a slight decline in annual working hours, still 150 hours more than the OECD average. Despite the introduction of a 52-hour workweek in 2018, the country faces significant social challenges. These include physical and mental health issues, declining productivity, development of a toxic work culture, impact on personal relationships, low birth rate and gender inequality. Although measures have been implemented to address the problem, such as limits on working hours and work-life balance support programs, continued efforts are still needed to effectively address this issue.

Importance of K-FARM

K-FARM is an essential platform for showcasing the latest technologies in agriculture. From advanced machinery to smart farm management systems, the event showcases how technology can transform and improve the efficiency of farming operations. Visitors will have the chance to see agricultural drones, soil sensors, automated irrigation systems and other cutting-edge technologies in action.

Knowledge and Collaboration

An agricultural exhibition aimed at promoting modern rural life and agricultural business has begun in Seoul, organized by Yonhap News Agency and the Ministry of Agriculture, Food and Rural Affairs of South Korea. The event, called "Y-Farm Expo 2017," features government representatives and companies from the agricultural and rural sector. It focuses on introducing new trends in rural life as well as projecting a future for the agricultural industry that incorporates advanced information technologies. It also offers practical information on modern farming technologies and personalized consultation services for aspiring farmers. The expo also includes talks by industry professionals and awards for successful new businesses in the agricultural sector.