CHANGWON, Aug. 1 (Korea Bizwire) – In the sweltering heat of a late July morning, Kim Young-bong wiped sweat from his brow as he tended to his herd of 270 Korean native cattle, known as hanwoo, in Changwon, South Gyeongsang Province. “Raising cattle is absolutely miserable right now,” Kim, 61, lamented. “We can’t even get fair [...]
SEOUL, Jul. 4 (Korea Bizwire) – In a dramatic display of desperation, thousands of South Korean cattle farmers gathered outside the National Assembly in Seoul on July 3 to protest their deteriorating economic situation and demand government intervention. The demonstration, which included a symbolic attempt to “return” cattle to the government, marked the first such protest [...]
SEOUL, May 15 (Korea Bizwire) — South Korea is poised to make its first overseas export of halal-certified Korean beef, known as “hanwoo.” The Ministry of Agriculture, Food and Rural Affairs said Sunday it recently organized an event in Kuala Lumpur to celebrate the inaugural contract between a domestic exporter and a Malaysian importer. To [...]
SEOUL, Feb. 24 (Korea Bizwire) – The impact of government policies on the consumer and businesses alike is substantial, as seen in regulatory policies implemented by the previous Moon Jae-in administration to combat high demand in the real estate market. The Moon government’s belated shift to supply policies resulted in criticism for causing confusion in [...]
SEOUL, Feb. 23 (Korea Bizwire) — Korean beef, a highly coveted item among consumers in South Korea, is now gaining more attention from the retail distribution industry as well. Recent half-price discount events have resulted in sold-out stocks every day, underscoring the growing popularity of this premium meat. E-grocery platform Market Kurly, announced the launch [...]
JEONJU, May 23 (Korea Bizwire) — Low carbon beef from Korean premium “hanwoo” cattle that is raised in a customized low carbon environment is expected to come to the market in the near future. Melliens, a startup founded by a faculty member of Jeonbuk National University, recently marketed low carbon Hanwoo called Locacow, which have [...]
PYEONGCHANG, June 1 (Korea Bizwire) — Some 300 premium Korean “hanwoo” cows put out to pasture at Daegwallyeong Pass in PyeongChang, Gangwon Province, northeastern South Korea, after staying indoors throughout the winter. The National Institute of Animal Science’s Hanwoo Institute, located in PyeongChang, released the cows into 260 hectares of pasture where they will live [...]
SEJONG, July 23 (Korea Bizwire) — The number of beef cattle in South Korea hit a record high in the second quarter of the year amid rising beef prices, government data showed Thursday. There were 3.33 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of June 1, up 2.7 percent [...]
SEJONG, Jan. 22 (Korea Bizwire) — A service that informs Korean cattle farmers by predicting the genetic ability of female calves will be implemented to help genetically superior hanwoo give birth to multiple calves. Hanwoo refers to beef cattle produced in South Korea. The Rural Development Administration and NongHyup Agribusiness Group Inc. have established a [...]
SEOUL, Nov. 23 (Korea Bizwire) — A recent study has revealed that South Korean consumers are increasingly turning to imported beef over domestic varieties. In certain distribution channels, imported meat sales are even surpassing sales of Korean beef. TMON Inc., a popular e-commerce company, said on Thursday that imported beef sales comprised as much as [...]