This word originally had the same meaning as 'namasu' but Japanese-style sashimi was exported to Busan prior to the era of Japanese rule and spread throughout the country during Japanese occupation, so that now the word 'hoe' is also used to refer to Japanese-style sashimi.
もとは文字通り「なます」の意であったが、日本統治時代(朝鮮)以前に日本風の刺身がプサン（釜山）に伝わり、日本統治時代(朝鮮)以降は全土に広まって、日本風の刺身をも「フェ」というようになった。