January 18, 2023

US beef accounts for more than 50% of South Korea's total beef imports

Data from the US Meat Export Federation showed US beef accounts for more than 50% of South Korea's total beef imports last year, taking the number one spot for six years, Yonhap News Agency reported.

The data showed the fourth-largest economy in Asia imported 256,910 tonnes of American beef last year, or 54.1% of its overall beef imports of 474,511 tonnes.

From a year ago, the proportion increased by 2.8 percentage points.

Since South Korea opened its market to US beef in 2008, the volume and market share of US beef imports last year were at record highs.

The data also showed US beef imports were worth US$2.54 billion in 2022.

-      Yonhap News Agency