Food, Agriculture, Forestry and Fisheries Minister Jang Tae-pyeong and Brazil’s Aquaculture and Fisheries Minister Altemir Gregolin have signed on Friday morning in Busan a memorandum of understanding on developing close bilateral cooperation in aquaculture.

The two nations will exchange information, technology, civil servants and scientists, and increase cooperation in aquaculture.

The ministry hopes this MOU will provide a boost to the development of South Korea's aquaculture industry.