Poised on the edge of the Pacific Rim, nearly equidistant to the major trading centers of Asia, Europeand North America, Anchorage, Alaska is home to one of the busiest and most important air cargoairports in the world. This is particularly true in the case of trans-Pacific cargo movements: more than90 percent of cargo freighter flights crossing the ocean transit through Anchorage to and from desti-nation cities in the “Lower 48” states.At the same time, Alaska possesses the world’s largest commercial fishery. In 1996, worldwideexports of Alaskan seafood exceeded $1 billion. Each year more than 5 billion pounds of Alaskanseafood is harvested. This represents 56 percent of total U.S. volume and 95 percent of the nation’ssalmon production.An abundant supply of a wide variety of seafood, coupled with strong air cargo connections, pro-vides Alaska with the building blocks upon which to develop a competitive position in key overseasmarkets.Traditionally, the lion’s share of Alaska’s seafood exports have gone to Japan. While Japan remainsAlaska’s largest customer, other Asian nations are now emerging as significant new markets forAlaskan seafood.The purpose of this report is to provide information on the opportunity for Alaskan companies toexport expanded quantities of fresh and live Alaskan seafood products to Korea. It is the first in aseries of three such reports that will focus specifically on fresh and live export opportunities. Theother two will provide similar information on the Hong Kong and Taiwan markets.The goal of these reports is to provide practical, “nuts and bolts” information to Alaskan exporters,Asian importers and the cargo carriers and freight forwarders who link them together. A betterunderstanding of the opportunity should help expand fresh and live seafood exports in the months andyears ahead.
This report consists of six sections. The first section provides an overview of the current economicclimate in Korea. Section two is a species-by-species look at the market situation in Korea forAlaskan seafood products that are either currently being imported or that research indicates havesignificant import potential. A detailed listing of Korean importers is found in section three. This isfollowed in section four by a listing of Alaskan exporters. Section five provides contact informationfor the freight forwarders and airlines at Anchorage that provide transportation services to the sea-food industry. Section six contains species reference data.
Recent import liberalizations coupled with rising demand for fresh and live seafood products pre-sented a challenge in collecting historical data on the fresh and live markets in Korea. Where pos-