South Korea: We warmly welcome the amendment to the Anti-Graft Act, expected economic effect of 400 billion won in the Korean beef industry

Interview with Kim Sam-joo, the 10th president of the Korean Beef Association “More than 40% of Korean beef gift sets are consumed during the Lunar New Year and Chuseok holidays. It is expected that economic effects of more than 400 billion won will be obtained in the Korean beef industry alone through the revision of the law that doubles the gift price of our agricultural and fishery products even during the holidays.” Kim Sam-joo (54), the 10th president of the Korean Beef Association, who implemented the revision of the Solicitation and Graft Act, which was the long-awaited wish of the Korean beef industry, said, "We welcome the passage of the bill made by farmers across the country." The National Assembly held a plenary session on the 9th and voted to amend the “Act on the Prohibition of Improper Solicitation and Grafting and Acceptance of Money, etc.” (Kim Young-ran Act). Accordingly, the futures price of agricultural and fishery products and processed ...