Seoul: South Korea's oceans ministry announced plans on Tuesday to engage the local fisheries industry in discussions aimed at formulating export strategies for the U.S. market. This initiative comes in response to potential protectionism measures, such as increased tariffs, that could impact trade. According to Yonhap News Agency, these discussions are scheduled to take place throughout the month, amidst uncertainties surrounding the policies of the incoming U.S. administration. Such policy shifts could have direct consequences on South Korea's seafood exports. Oceans Minister Kang Do-hyung emphasized the dual nature of the situation, stating, "There are both positive expectations and concerns regarding the launch of the new U.S. administration." He reiterated the government's commitment to monitoring developments closely to assist businesses in adapting to any changes. The United States stands as the third-largest destination for South Korean seafood exports, making up 14.3 percent of the country's total exports in 2023. China and Japan are the top two destinations, receiving 21.5 percent and 21.2 percent of exports, respectively. In 2023, seafood exports to the U.S. reached US$420 million, nearly double the US$217 million recorded in 2014.