All-out efforts to stabilize South Korean beef supply and demand by increasing government subsidy by KRW 23 billion

Frozen Bone-In Beef

Meat

South Korea

Published Mar 8, 2023

Tridge summary

The government subsidy of the Korean beef fundraiser has been increased by KRW 23 billion, and it is planned to be reflected first in Korean beef discount events related to measures to stabilize the supply and demand of Korean cattle. It was announced that the total budget for this year was adjusted to 62.54768 billion won, with an increase of 23 billion won to 32.2 billion won. This is a 58.8% increase from last year, and KRW 4.4 billion 183 for Korean beef supply and demand stabilization projects, such as Korean beef discount sales events, online Korean beef marketplace, Korean beef export support, low-fat Korean beef consumption promotion, Korean beef consumption promotion support, and Korean beef cattle breeding support for non-breeding and breech-breeding cattle. 2,000 won increase

Original content

The government subsidy of the Korean beef fund will be increased by 23 billion won, which will be reflected first in Korean beef discount events related to measures to stabilize the supply and demand of Korean beef. The Korean Beef Fund Management Committee recently announced that the government subsidy of 9.2 billion won was increased by 23 billion won to 32.2 billion won, and the total budget for this year was adjusted to 62.54768 billion won. This is a 58.8% increase from last year, and KRW 4.4 billion 183 for Korean beef supply and demand stabilization projects, such as Korean beef discount sales events, online Korean beef marketplace, Korean beef export support, low-fat Korean beef consumption promotion, Korean beef consumption promotion support, and Korean beef cattle breeding support for non-breeding and breech-breeding cattle. A total of 15,699,219,000 won, an increase of 12,000 won, will be used. Looking at the detailed plans for business changes related to consumption ...

Source: Aflnews