The Korean government put all imported beef on the market in order to stabilize prices
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Last Update: 2001-10-31
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Source: Internet
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Author: User
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Introduction: the South Korean government recently put 4000 tons of imported beef on the market to calm the rising price of beef According to the statistics of South Korea's Ministry of Finance and economy, the price of beef on the market has increased 29% since the end of last year due to the recent rise in the price of cattle from the production area In December, the price of a kilogram of beef was 14400 won (1300 won, US $1), but by the end of September it had risen to 18600 won In order to stabilize prices, the Ministry of Finance and economy decided to put all beef imported by the government on the market, and encouraged the agricultural association to slaughter cattle that could be slaughtered in order to increase the quantity of beef on the market.
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