BiFEX (Busan Gamcheon Port Seafoods Co., Ltd.), established in 2008 as a wholesale corporation for Busan International Seafood Products, aims to create and revitalize the market for deep-sea seafood and overseas imported seafood (frozen, fresh fish, live fish, etc.) and to ensure transparent transactions and price stability.

We deal directly with overseas producers such as Japan, China, Russia, the United States, and Southeast Asia, and also work with domestic and foreign fisheries companies to promote the distribution of cheap and fresh seafood at home and abroad, and participate in international transactions, including the export of domestic seafood.

In addition, we operate facilities including 22 live fish tanks, three refrigerated warehouses, and a state-of-the-art frozen warehouse with a capacity of approximately 25,000 tons, and we are committed to facilitating transactions between suppliers and brokers.

In addition, through BiFEX Trading & Resources, an affiliated company, we are trying to expand our business area through project projects including fisheries ODA, EDCF-related overseas consulting, ship-related projects, overseas fishery resource acquisition projects, and overseas financial consulting. Through international exchange, we maintain close relationships with stakeholders in overseas fisheries products and a solid global network.

With the goal of becoming a global hub for domestic and international seafood transactions and a center of international seafood intermediary transactions, all of our employees are doing their best in this effort.

Lynn-gull Park, CEO, BiFEXT & R Co., Ltd

Established in 2008 as the operating corporation of Busan International Fish Market, BiFEX (Busan Gamcheon Port Fishery Co., Ltd.) aims to promote, revitalize, and ensure transparent transactions and price stability in the market for deep-sea fishery products, imported seafood (frozen, fish, live fish, etc.).

We directly trade with overseas producers in Japan, China, Russia, the United States, Southeast Asia, and other regions, and cooperate with domestic and foreign fishery companies to facilitate the distribution of affordable and fresh seafood domestically and internationally. We also participate in international trade, including the export of domestic seafood.

In addition, we operate facilities including 22 live fish tanks, 3 refrigerated storage warehouses, and a state-of-the-art refrigerated warehouse with a capacity of approximately 25,000 tons. We are committed to facilitating transactions between suppliers and intermediaries.

Furthermore, through our affiliate BiFEX Trading & Resources, we are expanding our business scope by providing project-based services such as overseas consulting related to fishery ODA and EDCF, ship-related businesses, overseas fishery resource acquisition, and overseas financial consulting. We maintain close relationships and a strong global network with overseas seafood stakeholders through international exchanges.

With the goal of becoming a global hub for domestic and international seafood trade and a center for international seafood intermediary trade, all our employees are doing their best to achieve this goal.

CEO   Lynn-gull Park

1) Busan International Fish Market 1st Operation Corporation

• Listing and trading of imported seafood (frozen, fresh, live, etc.)

• Electronic auction for domestic and international shippers and intermediaries

• Operation of 25,000-ton refrigerated warehouse

2) Domestic and International Seafood Online/Offline Intermediary Trading

• Connecting buyers and sellers of seafood products through a comprehensive online platform

• Facilitating offline transactions through a network of established partners

• Providing expert support and guidance throughout the entire trading process

3) Overseas Consulting for Fisheries-related ODA and EDCF

• Assisting governments and organizations in accessing and utilizing ODA and EDCF funds

• Developing and implementing effective fisheries projects

• Providing expertise on fisheries management, aquaculture, and seafood processing

4) Securing Overseas Fishery Resources

• Identifying and evaluating potential fishery resources worldwide

• Negotiating and securing access to these resources

• Providing logistical and operational support for resource extraction

5) Investment and financial consulting for overseas fishery resource development

• Advising on financing options for fisheries projects

• Structuring and arranging financing packages

• Managing financial risks and ensuring compliance with regulations

2023 ~ 2024

Panamanian American Red Snapper Aquaculture Feasibility Study

Cooperation with the National University of Pukyong National University's Fisheries Science University and Aquapro (consulting specializing in fisheries and aquaculture) to propose a Panama project proposal

2022

U.S. Impact Co.'s Asian carp surimi business attracted $2 million investment (Galway, USA)

Consulting and establishment of facilities for Asian carp repair in the United States (U.S. Piedmont)

2020 ~ 2021

Malaysia SINGAZ Global Cooperation in Taiwan's Bluefin Aquaculture and U.S. Export

2018 ~ 2019

Malaysia SINGAZ Global Cooperation in Taiwan's Bluefin Aquaculture and U.S. Export

2015 ~ 2017

ODA Project for the Transformation of Cultured Fish Species in Tushilapia, Vietnam

Pre-feasibility Study of Cambodia's Tilapia Farming Industry ODA Project, Kotra

2013 ~ 2014

Indonesia Fresh Tuna Exported to the United States

2012

Direct listing of Japanese fishing boats in the international seafood wholesale market (promoted with Nagasaki Prefecture, Japan)

Cross-listing talks with the Mayor of Fukuoka, Japan

Launch of Russian sea cucumber distribution business (Selling in China after processing Vietnamese factories)

Promote an agreement on designated processing plants in China for domestic distribution of frozen processed fishery products made in China (Yontae, Dalian, Jusang, etc.)

Minister of Agriculture, Food and Rural Affairs Commendation and CEO Commendation

2011

China's New Delta Trading Agreement to Enter the Fish Powder Manufacturing Facility Business

Samsung C&T and Samsung C&T to enter China for fish meal manufacturing facilities business

Russia's Kamchatka San Salmon goes public for the first time in the country (7,000 MT)

Indonesia-made refrigerated tuna auction for the first time in Korea

Vekereva (Russia) Pink Salmon Vietnam Processing U.S. Opens Sale in Mexico

2010

Vietnam HAI VOUNG has signed a distribution agreement for designated processing plants

Sri Lanka Fisheries and Aquaculture Business Consulting Agreement (US 7 Seas Foods Co., Ltd.)

Russia's Veckereva Supply Agreement (Daegu, Pollack, Flounder)

Listed in the Busan International Seafood Wholesale Market for Wonyangsan Myeongtae

List of fresh pollack fish (Hakodate Seafood, Japan)

2009

Participation in EDCF Consulting at Tuna Processing Plant in Tanzania (Samsung C&T Plant Division)

Acquisition of the right to operate frozen warehouses in wholesale markets (Busan City)

Japan Central Market Wholesale Corporation Signing Distribution Agreement (Sendai and Shinko Exchange Central Wholesale Corporation)

Attracting Imported Trout from Japan

7 Seas Foods (U.S. subsidiary) Conclusion of Distribution Agreement

2008

Selected as a dedicated dock operator (TOC)

Moving into the headquarters of Busan International Seafood Wholesale Market

Busan International Seafood Wholesale Market Main Opening (Official Open)

Designation of Busan International Seafood Wholesale Market Comprehensive Bonded Area

2007

Hosted by the Chamber of Commerce and Industry, a promotional meeting to participate in related companies in Busan for the success of Gamcheon International Fisheries Trading Base (27 companies)

Office Opening (Wonyang Plaza B/D 911 in Amnam-dong, Seo-gu, Busan)

Holding a general meeting of shareholders of a corporation and registering the establishment of a corporation (capital: KRW 10.5 billion)

Recruitment of contractors for fisheries brokerage transactions (71 companies)

Selection of an international fishery product operation corporation, such as income and ocean water, in the Busan International Seafood Wholesale Market (Busan Metropolitan City)

2023 ~ 2024

Implementing a comprehensive American Red Snapper aquaculture business in Panama

Entering into a proposal collaboration agreement with Pukyong National University's College of Marine Science and AquaPro (aquaculture consulting specialist) for the Panama project

2022

Raised $2 million in funding for Impact's Asian carp surimi venture in Galway, USA

Provided consulting services and facility construction for Asian carp surimi production in Piedmont, USA

2020 ~ 2021

Partnering with Singaz Global, a Singapore investor, to make Taiwanese pomfret the next big seafood hit in the US.

2015 ~ 2019

Official Development Assistance (ODA) project aimed at transforming tilapia aquaculture practices in Can Tho, Vietnam

ODA-supported project conducted by KOTRA to assess the viability of tilapia aquaculture in Cambodia

2013 ~ 2014

Establishing a supply chain for fresh tuna shipments from Indonesia to the US

2012

Pursuing direct listing of Japanese fishing boats on the International Seafood Wholesale Market (in collaboration with Nagasaki Prefecture, Japan)

Advancing mutual cross-listing with the Fukuoka Market, Japan

Launching a distribution business for Russian sea cucumbers, processed in a Vietnamese factory and sold in China

Pursuing partnerships with designated processing facilities in China to facilitate the domestic distribution of frozen processed seafood from China (Yantai, Dalian, Zhoushan, etc.)

Awarded the Commendation from the Minister of Agriculture, Food, and Rural Affairs and the CEO Commendation

2011

Established a business alliance with New Delta Trading in China to explore opportunities in the fishmeal manufacturing equipment industry

Collaborated with Samsung Corporation to establish a strong presence in the Chinese fishmeal manufacturing equipment market

Established a new precedent by introducing 7,000 metric tons of Russian Kamchatka salmon to the domestic market

Established a new channel for Indonesian refrigerated tuna to reach domestic consumers through an auction

Established a supply chain for Vekereva (Russian) pink salmon processed in Vietnam, reaching consumers in the US and Mexico

2010

Established a business alliance with HAI VOUNG, a designated processing center in Vietnam, to expand our distribution network

Partnered with 7SeasFoods, a US firm, to offer our expertise in aquaculture business consulting in Sri Lanka

Secured a volume supply agreement with Vekereva in Russia for cod, pollock, and flounder

Established a new precedent by introducing wild-caught pollock to the Busan International Fish Market

Successfully listed fresh pollock on the Hakodate Seafood Market in Japan

2009

Undergoing EDCF feasibility study for a tuna processing plant in Tanzania (Samsung C&T Plant Division)

Acquired the operating rights for a refrigerated warehouse within the Busan International Fish market

Signed a distribution agreement with a wholesale corporation in the Central Market of Japan (Sendai & Shinko-Kyo Ryutsu Chuo Domaikai)

Promoting the importation of fresh aquatic products from Japan

Established a business collaboration with 7SeasFoods, a US company

2008

Granted the license to manage a specialized port terminal as a Terminal Operating Company (TOC)

Established our new corporate headquarters within the Busan International Fish Market

The Busan International Fish Market marked its official launch

The Busan International Fish Market received the official status of a Comprehensive Bonded Zone

2007

Organized an introductory gathering for Busan-based industry partners to foster their engagement in the thriving Gamcheon International Seafood Logistics and Trade Hub, initiated by the Busan Chamber of Commerce and Industry (27 companies)

Company office address: 911, Wonyang Plaza B/D, Amnam-dong, Seo-gu, Busan, South Korea

Held a founding shareholders' meeting and registered the company's incorporation (capital: 10.5 billion KRW)

Gathered a team of 71 partner companies to engage in seafood brokerage and trading ventures

Busan Metropolitan City awarded the contract for managing international seafood activities, including imports and distant-water fishing, at the Busan International Fish Market to a selected operating company