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KOREAN BEEF IMPORTS REACH US$947 MLN IN 2002, UP 70.6% Y-O-Y.

AsiaPulse News

| March 02, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, March 2 Asia Pulse - Korea's annual beef imports topped 1 trillion won (US$837 million) for the first time last year, the Ministry of Commerce, Industry and Energy said.

The country bought a total of $947 million worth of beef from overseas last year, up a sharp 70.6 per cent from $555 million in 2001.

When converted into Korean won using the average exchange rate, last year's figure amounts to 1.18 trillion won.

Officials said demands for beef were high last ...

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