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Behavior of Chinese Buyers Is Suspicious

The Report on Strange Acts of Chinese Buyers
Who Shouted “I Found Ginseng” in the Korean Seas
Pointed Sea Cucumber Caught in the Clean Sea

File Number: KAF201209-KSC

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The jargon of ginseng-diggers “sim batta” (stands for “I found ginseng” in Korean) can be heard in Korea only in the mountains. “Sim” is a code word for “ginseng.” But recently, a strange behavior of some people who look Chinese was recorded in the sea around Korea. The suspects shouted “I found ginseng.” Everyone in the sea was completely bewildered. I was able to get an account of a witness who seems to collaborate with the suspects. The full account of the incident is as follows.
The witness briefly introduced himself as David Park (Korean name is Park Jong-joo), representative of Gloria Sea Food, which is a sea cucumber processing and exporting company. He then expanded upon the subject. According to him, the suspicious looking people are Chinese buyers interested in the Korean sea cucumber. Why do they want to buy the Korean sea cucumber? Odd enough, in spite of the fact that the Korean sea cucumber is more expensive than other similar products on the market, it sells well and quickly. So the Chinese buyers came to Korea to get the best Korean sea cucumbers.


The Secrets of the Popularity of the Korean Sea Cucumber
Clean Water

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In the East Sea of Korea, the sea cucumber is called a “haesam.” In Korean it means “ginseng of the sea” (Chinese 海蔘). The name derives from the medicinal effect of this sea animal, which is similar to the efficacies of real ginseng. And the sea cucumber grown in the cold and clean sea is particularly good. The sea around the Korean Peninsula, which is uncontaminated and cold, is considered to be one of the best habitats for the sea cucumber.
Straight Shape and Pointed Horn
What’s more, the breed of the Korean sea cucumber is regarded the best. Its shape is straighter than that of the other breeds and the horn is really pointed.
Dried Sea Cucumber
Sea cucumbers contain various nutritional components, and the nutritious content increases exponentially as the sea cucumber dries up. In the process, the moisture content decreases down to 1.5 grams while the nutrition becomes more concentrated. For example, the protein content increases 21 times and forms sorts of protein chunks. Moreover, glucose increases 2.3 times, ash six times, calcium 11.6 times, and iron rises a staggering 25 times. Compared to oysters, which are often referred to as “the milk of the sea,” sea cucumbers contain seven times more protein, 16 times more calcium, and 14 times more iron. David Park, President of Gloria Sea Food, explains that “people usually think that live sea cucumbers are the best, but in fact the dried ones are 40 times more nutritious than the live ones. Our product is particularly good. We process the sea cucumber in two clean and spacious factories (a refrigerated cold storage warehouse 1,701㎡ in size, and a processing plant 1,394㎡ large). After the product passes through scores of manufacturing processes (washing, boiling, drying in the natural wind and drying machines, packaging, and UV sterilization for hygiene), it contains a large amount of saponin.”

Buyers Don’t Mind Paying Exorbitant Prices (More than US$1,000 per 1kg) to Get the Dried Korean Sea Cucumber

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Considering all these qualities, it is not surprising that the dried Korean sea cucumber is being sold at very high prices in the Chinese and Hong Kong markets. Thanks to the unprecedented growth of the Chinese economy, Korean dried sea cucumbers are in vogue among the Chinese upper classes. The product is selling at a high price of more than US$1,000 per 1kg. The middle class often buy sea cucumber capsules and pills, and sea cucumber drinks and tablets. Recently, the products are starting to gain attention in the US and Singapore.
Mr. Park said, “Even though the FDA stepped up quarantine measures, our product passed the quarantine smoothly. We are making inroads into the American market. Last July, we signed a contract with the Singaporean company Goh Joohil. The company markets our products under the trademark New Moon.
It is not long till the Korean sea cucumber starts entertaining palates of people around the globe.
I swear that the evidence I have given here is the truth, the whole truth, and nothing but the truth. Korea AgraFood.

Inquiries   Gloria Sea Food     
Tel   +82-61-555-4801    
Fax  +82-61-555-4803     
Website   www.gloriaseafood.com                   

Park Sung Eun  parkse@agrinet.co.kr

<저작권자 © AgraFood, 무단 전재 및 재배포 금지>

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