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 [...]
SEOUL, Sept. 2 (Korea Bizwire) - It turns out that six out of 10 office workers think that holiday gifts over 100,000 won given to public officials are a form of bribery. Tmon (www.tmon.co.kr), an online shopping site, asked 500 office workers between the ages of 20 and 50 if they thought presenting fruit, Hanwoo [...]
WANJU, Aug. 4 (Korea Bizwire) - The 10th Wanju Cow Fighting Competition will be held on September 11 at the Wanju Sports Park. The event will be held over a period of five days. One hundred “fighter cows” from all over the nation will participate. The cows will be divided into three groups, Baekdoo (over [...]
SEJONG, August 3 (Korea Bizwire) – Agriculture and livestock industry businesses are increasingly nervous as the so-called ‘Kim Young-ran Law’, a law prohibiting illegal solicitation and bribery, will soon come into effect. The tension is derived from concerns that the consumption of agricultural, animal and marine products will drop because criminal penalties could imposed on [...]
SEOUL, March 12 (Korea Bizwire) – Korea’s first biomass power plant will be constructed at Hoengseong, a town famous for Korean cattle known as hanwoo, and will be powered by waste coming from the cows. Korea East-west Power signed an MoU with Hoengseong County of Gangwon Province to build the power plant on March 12. [...]
![[Stats] Bottom Line of Korea’s Meat Products Industry](http://koreabizwire.com/wp/wp-content/uploads/2014/05/축산물순수익현황-1.png "[Stats] Bottom Line of Korea’s Meat Products Industry")
Data revealed that a cattle farmer takes an average of 573,000-won loss for every bull he raises.According to a report “2013 Livestock Production Cost Survey” published by the National Statistical Office on May 30, the total cost of raising a beef cow was 6,509,000 won as of 2013. In contrast, the average price of a [...]