porcine epidemic diarrhea Archives

The Mystery of High Pork Belly Price in the Face of Supply Glut

SEOUL, May 13 (Korea Bizwire) – It is a general rule in economics that the supply of a good rises (or the demand for a good falls) the price tends to decline. When it comes to pork belly prices, however, the reverse holds true. The number of hogs slaughtered recently is higher than usual, with a [...]

CJ CheilJedang Posts 1.8 Trillion Won in 1Q Sales

SEOUL, May 9 (Korea Bizwire) – CJ CheilJedang announced its first-quarter sales results on May 8. Its sales revenue slightly increased to 1.8 trillion won, a 0.3-percent rise from the same period of the previous year. However, its operating profit showed a 12.7-percent decrease to 98.8 billion won due to a slump in domestic consumption [...]