SEOUL, Jun. 26 (Korea Bizwire) — Imports of foreign beef have risen in the first five months of this year as consumers seek less expensive meat amid the sluggish pace of economic recovery and the anti-graft law which limits gifts that can be given to public officials, teachers and journalists. The law, which took effect [...]
GANGWON PROVINCE, June 20 (Korea Bizwire) – A super cow in Hoengseon, Gangwon Province, a popular area for Korean cattle, is drawing nationwide attention for its extraordinary build. The cow at the center of attention weighs over 1,000 kilograms, the Heongseong Livestock Industry Cooperative said on Monday after speaking to 64-year-old farmer Choi Hee-ja, who [...]
SEOUL, April 7 (Korea Bizwire) – A joint study by the African Cattle Genome Consortium – incorporating 17 research teams from nine countries including South Korea – revealed that it is genetic traits that help indigenous cattle in Africa better cope with the continent’s scorching heat, announced the Rural Development Administration on Thursday. The joint [...]
SEOUL, Feb. 23 (Korea Bizwire) – A recent report from the Korea Rural Economic Institute estimated that South Korea’s anti-corruption law will cause a drop in agricultural and livestock production of over 300 billion won ($263.76 million) this year, as the legislation forbids millions of journalists, public officials and educators from receiving gifts worth more [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s imports of U.S. beef jumped 47.6 percent on year in the first 10 months of this year, data showed Friday, partly because of a falling demand for pricey Korean beef amid the implementation of an anti-graft law. Imports of foreign beef are expected to further rise after [...]
HOENGSEONG, South Korea, Sept. 27 (Korea Bizwire) – Hanwoo, or Hanu, is a breed of cattle from Korea, and its fine-quality beef is hugely popular despite its high price. The annual Hoengseong Hanu Festival is the trademark event promoting Hanwoo, but this year, the festival will be attracting a more global audience. Taking off on [...]
CHUNCHEON, Aug. 11 (Korea Bizwire) – A recent analysis has revealed that Gangwon Province’s agricultural and livestock industries are likely to suffer at least 50 billion won ($45.5 million) in losses from the implementation of Korea’s recent anti-graft law. The law, scheduled to take effect on September 28, made it illegal for public officials, journalists, [...]
JEONJU, March 9 (Korea Bizwire) – Korean scientists have uncovered evidence as to why ‘hanwoo’ (Korean beef) tastes so good. Hanwoo is considered to be a ‘special occasion food’, only consumed on important gatherings or offered as a gift at holidays because of its great taste and extremely high prices. Although Koreans don’t have to [...]
SEOUL, Nov.10 (Korea Bizwire) – Hanwoo (Korean beef) will soon be heading overseas. The Ministry of Agriculture, Food and Rural Affairs revealed that the quarantine procedures to export domestic beef, including Hanwoo, to Hong Kong are in the final procedures. According to the Ministry of Agriculture, Food and Rural Affairs, full-scale discussions with Hong Kong [...]
SEOUL, Sept. 4 (Korea Bizwire) – Department stores and large retailers are launching gift sets for Chuseok, the Korean Thanksgiving holiday, that range from socks going for 2,800 won to 33 million won wine sets. Though the holiday is a symbol of richness, the polarization in the prices of the gift sets reflects a bitter [...]