South Korea’s first “tuna fund” to enable mass cultivation of sought-after Pacific bluefin
SEOUL, Mar 7, 2019, Hankyoreh. The Pacific bluefin tuna, coveted around the world for its sashimi, is notoriously expensive. Sushi chain owner Kiyoshi Kimura recently purchased a massive bluefin tuna for over US$3 million at a Tokyo fish market—an extreme case, but an indicator of how sought-after the fish is, reported the Hankyoreh.
Overfishing and changing environmental conditions, however, have pushed the Pacific bluefin tuna increasingly closer to extinction in recent years. To meet demand without exhausting natural supply, South Korea has launched its first “tuna fund.” On Mar. 6, the Ministry of Oceans and Fisheries said that Busan-based BNK Financial Group and the Nampyeong Tuna Farming Association Corporation have invested in a tuna fund that will be allocated to a tuna farm in Tongyeong, South Gyeongsang Province, where the fish will be mass cultivated.
Share it
| 
| 
| 
| 
|