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Growing Preference for Imported Livestock Products

Growing Preference for Imported Livestock Products

SEOUL, Jan. 8 (Korea Bizwire) — A recent consumer behavior survey has shown that consumers put taste and quality first as the most important factors when choosing livestock products. While preference for imported livestock products dropped after mad cow disease scares, the willingness to purchase imported livestock products has been steadily increasing since then. When [...]

S. Korea Uses Blockchain Technology to Trace Beef Supply Chain

S. Korea Uses Blockchain Technology to Trace Beef Supply Chain

SEOUL, Nov. 20 (Korea Bizwire) — The South Korean government said Tuesday it will use blockchain technology to track beef through the supply chain to provide consumers with information about the source of their food. The Ministry of Agriculture, Food and Rural Affairs and the Ministry of Science and ICT will jointly launch the pilot [...]

Vending Machines to Start Selling Beef

Vending Machines to Start Selling Beef

SEOUL, Jun. 14 (Korea Bizwire) — Starting at the end of this month, beef will be available through IoT-based vending machines for purchase by consumers. The measure is aimed at relaxing measures previously binding the livestock industry while helping consumers gain easier access to beef. When beef goes on sale at vending machines, consumers will [...]

Korean Beef Sales Down on Anti-Graft Law

Korean Beef Sales Down on Anti-Graft Law

SEOUL, Dec. 7 (Korea Bizwire) – Sales of Korean beef have decreased as consumers prefer cheaper imported beef with the implementation of an anti-graft law, industry data showed Wednesday.  E-Mart, the No. 1 discount store chain operated by Shinsegae, said sales of Korean beef came to 11.1 billion won (US$94.7 million) in November, down 25.5 [...]

Koreans Consuming More Meat and Less Grain

Koreans Consuming More Meat and Less Grain

SEOUL, June 22 (Korea Bizwire) – For the past ten years, westernized dietary patterns of Koreans have led to increased consumption of meat, while consumption of grain has decreased. The average Korean consumes more meat than individuals in neighboring countries including China and Japan, according to the Korea Times. Based on the ‘Report on a Change [...]

S. Koreans’ Meat Consumption Lags Behind OECD Average in 2014

S. Koreans’ Meat Consumption Lags Behind OECD Average in 2014

SEJONG, April 15 (Korea Bizwire) – South Koreans’ meat consumption has increased a large extent for the past few decades but still lags far behind the average intake of other advanced countries, a government report showed Friday. According to the report from the Ministry of Agriculture, Food and Rural Affairs, the country’s annual per-capita consumption [...]