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TheBeefSite Latest News: Korea, South

20 July 2012
View news from Korea, South Korean Beef Market has Sufficient Stocks
SOUTH KOREA - Some Australian exporters reported that Korean demand for Australian beef has remained steady on previous weeks without rising interest for product ahead of Chuseok (Harvest Festival) that is celebrated in late September, reports Meat and...
06 July 2012
View news from Korea, South Korean Beef Prices Under Pressure
SOUTH KOREA - Various Korean traders and Australian beef exporters reported that meat trading within the Korean wholesale market remains slow, with average prices for the majority of imported beef cuts unchanged, reports Meat and Livestock Australia....
07 June 2012
View news from Korea, South High Korean Cattle Slaughter Continues
SOUTH KOREA - Total Korean cattle slaughter during April increased 15% year-on-year, to 68,877 head, taking the national total for the first four months of 2012 to 314,854 head – 35 per cent above the corresponding period in 2011....
05 June 2012
View news from Korea, South Korean Experts to Inspect 24 US Cattle Ranches
SOUTH KOREA - Korean experts will inspect more than half of the 42 US cattle ranches that export beef to Korea in efforts to come to grips with a recent outbreak of mad cow disease in the US....
22 May 2012
View news from Korea, South Seoul Cautious About Widening Beef Market
SOUTH KOREA - South Korea's top trade official strongly indicated on Thursday 17 May that talks on expanding American beef imports are unlikely for the time being due to the latest case of Bovine spongiform encephalopathy (BSE)....
15 May 2012
View news from Korea, South Korean Govt Confirms US Beef Safety
US - The Korean government stated this week that based on the findings from their inspection team, they will maintain their position that US beef does not pose a threat to public health and safety (Chosun Ilbo)....
11 May 2012
View news from Korea, South S. Korea Keeps Tight Checks on US Beef
SOUTH KOREA - South Korea will maintain its tightened quarantine inspections regime on US beef but take no steps to halt imports despite the recent discovery of a mad cow case in the United States, the farm ministry said Friday....
08 May 2012
View news from Korea, South Public Upset as Inspectors Don't Visit BSE Outbreak
SOUTH KOREA - South Korean inspectors sent to the United States to check the safety of beef failed to visit a cattle farm in central California that reported the latest case of bovine spongiform encephalopathy (BSE), an official source said last week....
01 May 2012
View news from Korea, South Local Beef Consumption not Affected by US BSE
SOUTH KOREA - South Korea's beef consumption has not been affected by the latest bovine spongiform encephalopathy (BSE) case in the United States, government data showed Tuesday, although demand for US beef has plummeted....
30 April 2012
View news from Korea, South South Korea Sends Group to Analyse BSE Situation
SOUTH KOREA - South Korea will send a group of government officials, scholars and civic activists to the United States to look into the latest outbreak of bovine spongiform encephalopathy (BSE) amid growing food safety concerns at home, the farm ministry...
27 April 2012
View news from Korea, South Party Chief Calls for Halt of US Beef Imports
SOUTH KOREA - Ruling party chief Park Geun-hye has said that South Korea should halt quarantine inspections of American beef until it is confirmed safe to consume, as criticism grew over the government's decision to continue imports despite a new mad...
19 April 2012
View news from Korea, South Korean Cattle Slaughter Up 50 Per Cent
SOUTH KOREA - Korean government statistics released this week quantified the magnitude of the increase in Korean beef production so far in 2012, with total cattle slaughter for January and February up 50 per cent year-on-year, at 176,610 head....
05 April 2012
View news from Korea, South South Korea Sees Food Exports Grow
SOUTH KOREA - South Korea’s food and agriculture exports rose more than 11 per cent on-year in the first quarter of 2012 on solid demand in the United States, Japan and China, the government said Tuesday. ...
23 March 2012
View news from Korea, South Korean Beef Demand Picks Up
SOUTH KOREA - Australian beef exporters reported this week that overall demand from Korean buyers had improved so far in March, especially compared to the first two months this year....
16 March 2012
View news from Korea, South Korean Producers Struggle As Prices Collapse
SOUTH KOREA - Oversupply of cattle is expected to push prices further down in 2012, according to the USDA Foreign Agricultural Service. ...
15 March 2012
View news from Korea, South US Beef Tariff Reduction Impact on Korean Market
US/ SOUTH KOREA - The Korea-US (KORUS) Free Trade Agreement came into effect this week (15 March), reducing Korea’s import tariff for US beef from 40 per cent, to 37.33 per cent....
10 February 2012
View news from Korea, South Importers Face High Stocks & Weak Demand
AUSTRALIA - Various Korean beef importers reported this week that high stock levels and weak consumer demand is hindering trading activity, reports Meat and Livestock Australia....
25 January 2012
View news from Korea, South S.Korea Company to Offer FMD Prevention Service
SOUTH KOREA - South Korea's leading security service provider plans to expand its business operations to help control the spread of Foot and Mouth Disease (FMD), industry sources said Tuesday....
20 January 2012
View news from Korea, South Minister Urges Greater Efforts to Boost Farm Exports
SOUTH KOREA - South Korea's agriculture minister on Thursday urged increased efforts to boost the country's food and agricultural exports, stating the country's free trade agreement (FTA) with the United States will offer new opportunities....
19 January 2012
View news from Korea, South Retailers Make Huge Profits From Beef Sales
SOUTH KOREA - Excessive profits by department stores and supermarket chains were cited on Thursday as the main reason why hanwoo meat (beef) remains expensive despite a plunge in homebred cattle prices....
16 January 2012
View news from Korea, South S. Korea Begins Full Probe Into Beef Pricing
SOUTH KOREA - South Korea has launched a full-scale investigation into its complicated beef distribution system that's under fire for leading to unusually expensive meat despite plunging cattle prices, the farm minister said Monday....
12 January 2012
View news from Korea, South Korean Farmers Struggle: Falling Prices, Higher Costs
SOUTH KOREA - Korean cattle farmers have been hit by falling cattle prices, largely due to an increased supply of domestic beef, while soaring animal feed prices have pushed up production costs, reports Meat and Livestock Australia (MLA)....
10 January 2012
View news from Korea, South Seoul Seeks to Start Exporting Beef
SOUTH KOREA - South Korea will seek to begin exporting beef within a few years as part of its efforts to help stabilise prices, the agriculture minister said Tuesday....
04 January 2012
View news from Korea, South S. Korea Govt Blames Producers For Poor Prices
ANALYSIS - Despite beef and cattle prices reaching record highs across the world, the situation in South Korea is quite different, writes TheCattleSite editor Charlotte Johnston....
View news from Korea, South 300,000 Cows To Be Culled Amid Price Plunge
SOUTH KOREA - South Korea will seek to cull up to 300,000 cows in the next two years while working to boost its beef consumption to help keep prices up, the government said Wednesday....
03 January 2012
View news from Korea, South Govt Offers Protection From FTAs
SOUTH KOREA - South Korea will expand its support for the fishery and agricultural sectors to ease their losses from a massive influx of outside products under free trade agreements (FTAs), the finance ministry said....
23 December 2011
View news from Korea, South Beef Imports Up 20 Per Cent In 2011
SOUTH KOREA - Korean beef imports totalled 23,533 tonnes swt during November, taking the total for the first 11 months of 2011 to 283,103 tonnes swt (KITA), up 20 per cent year-on-year, reports Meat and Livestock Australia (MLA)....
07 December 2011
View news from Korea, South Food & Agriculture Exports Jump To New High
SOUTH KOREA - South Korea's exports of food and other agricultural products surged to a new monthly high for the year last month, largely on growing demands from Japan and China, the government commented....
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