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Dried and Smoked Oysters Whet the Appetite

One-Stop System for Oyster Harvesting and Processing Leads to the Freshest Products

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Oysters grown along all the coasts in Korea are a main item for farming and exports, but the most well known ones are grown in the main oyster producing areas of Gyeongsangnam-do (encompassing Tongyoung, Geoje, and Goseong). Some 75 percent of the total nationwide oyster production is from this region.
The Gyeongsangnam-do region is a home of oyster producers. Among many producers, Daeil Fisheries Co., Ltd. located in Hacheong-myeon in Geoje has a long history of oyster production. It is a first-generation oyster farm that employs the hanging culture. Founded in 1963, the oyster company has been making a variety of oyster products using know-how accumulated over its long history. From its first products - raw oysters and simply-processed oyster products - to frozen, dried, smoked-canned oysters, and oyster concentrate, the Daeil Fisheries boasts a wide range of oyster products.
30 Years of Exporting to the U.S., China, and Hong Kong
The Daeil Fisheries started pioneering overseas markets in earnest with the first export of smoked-canned oyster products to the U.S. a year after the company was registered with the U.S. FDA in 1992. Overall, Daeil Fisheries has been in the export arena for about 30 years - since the early 1980s when its dried oysters started being distributed in China and Hong Kong. The company has outlived many other oyster export companies: the number of oyster-exporters, that once exceeded 20, has now been reduced to only three. This indicates how seasoned the Daeil Fisheries is in the oyster producing and exporting field.

More than USD$ 10 million in Annual Exports

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The Daeil Fisheries produces 7~8 tons of raw oysters, 6 tons of frozen oysters, 5~8 million cans of canned oysters, and 5 tons of dried oysters a day; a total of about 5,000 tons a year. Due to this ample production, it can rake in KRW 18~25 billion in sales annually. But export is the real cash cow. The company earns USD$ 10 million a year through oyster exports, which account for 60~70 percent of its total sales.
The majority of exported items until the 2000s were raw oysters. But now dried oysters have become the number one exported item, taking up 50 percent of overall export volume and amount. 

Dried and Canned Oysters are Available All Year Round
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Daeil Fisheries produces dried oysters, its main export item, from February to May and later keeps them in a freezer so that it can supply them throughout the year. The dried oysters are exported mainly to China, Hong Kong, Singapore, Malaysia, and Taiwan, and are used as an ingredient to make Chinese foods.
The export prices of these oysters are USD$ 1,000 ~ 1,500 per picul (60kg, two boxes of 10 dried oyster vacuum packs [3kg for each pack]) on average.
Canned oyster products are also produced from February to May and supplied all year round. One of the most popular items - smoked-canned oysters - is made by putting smoked mature oysters into a can, sealing tightly with cottonseed oil, and sterilizing it. The other one - boiled-canned oysters - is produced by injecting salt water and sealing and sterilizing boiled oysters. All these canned products are made in a safe environment under the procedures of HACCP (Hazard Analysis and Critical Control Product) certification obtained back in 1998. They are now exported to the U.S., Canada, European countries, Australia, and Mexico through OEM (Original Equipment Manufacturer) deals. The export prices are USD$ 90 ~ 95 for 100 cans of 85g smoked oysters and USD$ 28 for 24 cans of 225g boiled oysters.

5 Percent of Sales Invested Each Year in Improving Facilities
Unlike other oyster companies, Daeil Fisheries does not outsource oyster-processing work (the boiling to peeling processes) and runs its own, one-stop system in which they conduct all the processes - from gathering oysters in the sea to making canned products. As a result, the company is able to provide fresher products to consumers. This is considered to be the most prominent merit. This company invests 5 percent of its sales in the improvement of its facilities every year. On the basis of these efforts, the company was able to arm itself with ISO 9000 certification obtained in 1999 and a more reinforced version, ISO 22000 certification, this January. Without a doubt, this helps the company win consumer trust in the quality of its marine products. 
Lee Young-man, the director of the planning and managing department of the Daeil Fisheries Co., Ltd. has shared with us his vision of the company’s future: “Our company will build an upgraded processing plant to make canned products and will make continuous efforts to develop products and improve facilities, so that Chinese products cannot beat us in this fierce competition.”

Inquiries  DAEIL FISHERIES CO., LTD.        Tel  +82-55-636-2155        Fax  +82-55-636-3977        Website  www.difco.co.kr         

Park Sung Eun  parkse@agrinet.co.kr

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