As the price of Korean staple gim (dried seaweed) took a steep surge due to booming exports, the government stepped in to reign in the soaring prices with a supply stabilization scheme.
Korean gim, or dried seaweed, was shipped and sold to more than 120 countries worldwide, including Japan, China and Thailand.
Korea's exports for gim, or dried seaweed, surpassed the 1 trillion won ($770 million) mark for the first time following the rising demand from emerging markets.
Over $670 million worth of gim was exported between January to October this year, an increase of 20.7 percent compared to the same period last year, according to the Korea Customs Service on Wednesday.
Korea JoongAng Daily Sitemap