# Korea Fisheries Research & Development Institute

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/korea-fisheries-research-development-institute

- Industry: Software
- Headquarters: Chuncheon, South Korea
- Website: www.kofplatform.com
- Latest round: Seed (Nov 8, 2021)
- Investors on record: 1

## About

Korea Fisheries Research & Development Institute Inc. specializes in advancing aquaculture technologies and services, focusing on sustainable practices and ecological solutions within the fisheries industry.Founded in 2019 and headquartered in Chuncheon, South Korea, Korea Fisheries Research & Development Institute Inc. operates in the realm of aquaculture technologies. The company was established under the leadership of Min-su Kim, who also serves as the CEO. They have engaged in one significant deal, with the most recent occurring on November 8, 2021, where they raised an undisclosed amount in Seed funding.Korea Fisheries Technology Institute (KOF) primarily focuses on providing advanced aquaculture technologies and services aimed at establishing sustainable practices within the fisheries industry. The company’s core offerings include research and development (R&D) in aquaculture techniques, which are tailored to enhance productivity and sustainability in fish farming. KOF collaborates with fisheries professionals to implement solutions that address ecological concerns, ensuring a stable aquaculture economy. Their services cater to various clients in the fisheries sector, including fish farms, governmental agencies, and research institutions, primarily in the Asia-Pacific region, where there is a significant demand for sustainable aquaculture practices.The revenue generation model of KOF is structured around partnerships and direct service offerings to clients in the fisheries industry. The company engages in B2B transactions, primarily providing consulting and R&D services to aquaculture businesses. These transactions often involve service contracts, where clients may subscribe to ongoing support and innovation services tailored to their specific needs. KOF's flagship offerings include proprietary aquaculture technologies that enhance production efficiency, although specific pricing plans for these services are not publicly disclosed. The firm’s revenue is derived from the strategic collaborations and service agreements designed to foster sustainable practices in the fisheries sector.Korea Fisheries Research & Development Institute Inc. plans to leverage the recent Seed funding raised in November 2021 to support the development of new aquaculture technologies. They aim to expand their market presence in the Asia-Pacific region, particularly targeting Japan and Australia by 2023. The funding will be utilized to enhance R&D efforts and roll out innovative solutions designed for sustainable fisheries management.

## Funding rounds

- Seed, Nov 8, 2021 — Sopoong Ventures

## Investors

- Sopoong Ventures (https://capitalatlas.ai/funds/sopoong-ventures) — Seed