Center Trading Co., Ltd.

Company Description

Jeju flounder, turban shells, marine algae, and some processed seafood products have been dominating Jeju's seafood export items, hoCenter Trading Co., Ltd.ver, according to Jeju Special Self-Governing Province, recently farmed globefish(Takifugu rubripes) and even Chujado mackerels have been exported to Japan, which generated great expectations for diversification of exporting items and strengthened the price structure of the local market as well.

Farming of globefish firstly started in 2003 to develop a replacement of Jeju flounder when its price dropped (7,000~8,000 Korean Won/kg) at that time. Farmed globefish was shown in domestic market then, however, it seems to be exported soon as it has recently secured new buyers from Osaka, Japan. At present, 3 Jeju companies(including Tamra Maritime and Fisheries) are farming more or less 150 tons(500g~1.2kg) of globefish, which has been exported up to 31 tons, amounted USD528,000 by the end of November, 2010. Export price is  around 20,000 Korean Won per a fish of 800~900g.

In Japan, most of Globefish is consumed in winter time, from October to February of next year, and over 95% ( more or less 2,000 tons) is China-import, however, Jeju's farmed globefish seems to have a bright future in Japanese market as it is farmed environmentally friendly like Jeju flounder, and is in the better position for transportation into the market than China, according to export company's(Center Trading) analysis.

November, 2003 Awarded "Export Trophy of USD One Million" in Trade day.
June, 2004 Awarded "Excellent Smallmedium-sized Companies of Jeju" -Export division.
November, 2004 Awarded "Export Trophy of USD Five Million" in Trade day.
November, 2004 Awarded "Prime Minister's commendation" to C.E.O.
February, 2010 Renamed to Center Trading Co., Ltd. of an Agricultural Corporation.
November, 2010 Selected as Support Company for commercialization of fishery exports by Korea Agro-Fisheries Trade Corp.