The government and the National Assembly in South Korea should come up with measures of duty-free policy for the crash in beef prices

With the price of Korean beef meridians continuing to decline day after day, the National Korean Beef Association (Chairman Kim Sam-joo) issued a statement on the 29th and urged the government and the National Assembly to come up with countermeasures. The Korean Beef Association points out that the government instigated the fall in price by applying quota tariffs to beef in the name of price stability in July this year and importing beef without tariffs. The Korean Beef Association said, “Considering the inflation rate, the current Korean beef price is in a more serious situation than in 2013, when the price of cattle fluctuated.” 100,000 tons of beef,” he claimed. Considering that last year's production of Korean beef was 264,000 tons, 100,000 tons is a huge quantity, but the rapidly imported beef has not yet been digested, and it continues to induce a decrease in Korean beef prices. Hanwoo farms and producer groups have already made voluntary efforts to stabilize Hanwoo ...