Thursday, February 26, 2009
South Korea vs. US Beef
Late last year, the major South Korean retailers decided to resume the sale of US Beef after a 5 year ban. This ban was a result of an intense fear of Mad Cow Disease. Many local South Koreans were not very happy about this decision to resume the sale of our beef, so they staged huge protests. The people say that just because the beef is available does not mean that anyone will purchase it.
Before this ban in 2003, US beef accounted for 2/3 of all of South Korea's beef imports. Opening the markets to US beef was tied to a bilateral free trade deal. Watch this news video for more information.