Biz/Finance
 
    
  
+Login    +Register    +Find Id / Pw Home  l  Archives  l  Learning Times  |  Sitemap  |  Subscription  l  Media Kit  l  PDF
    Home > Newszone > Biz/Finance >
  National
  Biz/Finance
    Photo News  
    Meet The CEO  
    Rediscovering Korean History  
    G-20  
    Best Global Brands in Korea  
    Korea: From Rags to Riches  
    New Global Reality  
    Global IRs  
    Global Brand of Korea  
    Green Finance  
    Expat Banking  
    The Rise and Fall of Business Empires  
    Economic Essay Contest  
    Industry Report  
    Business Report  
    Financial Report  
    Premium Brands  
    Stock Market Watch  
  BusinessFocus
  Technology
  Arts & Living
  Sports
  Opinion
  Community
  Special
  Science
  The Learning Times
     About English News
     iBT TOEFL
     Essay
     
 
   06-02-2008 18:01 여성 음성 남성 음성 News List
Consumers Lukewarm to US Beef

By Jane Han
Staff Reporter

Starting the end of this week, U.S. beef will once again be on local grocery store shelves, but unfriendly consumer sentiment is clouding expectations regarding whether South Korea will live up to its name as the third-largest importer of American beef.

In major discount stores in downtown Seoul, Monday, meat sections ― which used to be one of the busiest corners of a grocery store ― were often empty with shoppers showing little or no interest in buying any beef at all.

``All this fuss about U.S. beef is working as a repellant to eating any meat, regardless of its origin,'' said 46-year-old Kim Mi-sook, who mostly filled her cart with vegetables and fish, at an E-Mart outlet in central Seoul.

Asked whether she was looking forward to buying ``L.A. galbi'' (short ribs), she said, ``Not with this mad cow scare still unresolved.''

Another shopper, 34-year-old Yoon Kyung-mi said the recent slaughterhouse photos and meatpacking processing stories being frequently aired on TV had made her lose her once ``beef-loving appetite.''

``I'll probably end up eating all parts of U.S. beef again, but not anytime in the near future,'' she said.

Domestic retailers are looking to follow the pace of consumers like Yoon, who aren't immediately open to buying the controversial imports immediately, but will give in eventually.

The nation's biggest hypermarket chains, including E-Mart, Lotte Mart and Homeplus, said they will not be offering American beef to their shoppers until public sentiment softens.

``We think hastily resuming sales will only hurt our image in the long run,'' said an official of Lotte Mart, which already suffered a backlash for being the first to sell U.S. products after a partial resumption last year.

These hypermarkets said meat sales have dipped about 10-20 percent over the past month, citing the recent candlelit vigils against importing American beef as the reason.

Neighborhood shops also seem to be stalling for time, as they feel the hurried resumption of sales will lead to unwanted resentment among local consumers.

``There's no reason to rush,'' said an owner of a small butcher's shop in Ichon-dong, central Seoul. ``I can always start selling again when there is moderate demand.''

Other meat shops throughout the city shared common thoughts about when they should resume selling U.S. beef.

Although giant groceries and butcher shops are hesitant, importers say their main group of consumers is restaurants nationwide, as they take up almost 70 percent of sales.

``Restaurants will be the first to start massive consumption,'' said Park Chang-kyu, the president of A-Meat, a major beef importer, who added that discounters and other outlets will also follow suit. ``It's just a matter of time.''

The U.S. Meat Export Federation said closure of the South Korean market since 2003 has cost U.S. beef exporters between $3.5-$4 billion. It said in a recent report that American exporters are expecting to sell about 390,000 tons of beef to South Korea in 2014.

This is almost double the amount imported in 2003, before American products were first banned due to a case of mad cow disease in the United States.

jhan@koreatimes.co.kr





yistory@koreatimes.co.kr

법원 "의약품 '리베이트'는 과세 대상"

檢, 김효재 前수석 15일 오전 소환

경찰, 이태원 등 외국인 밀집지역 특별관리

한국에 대해 무엇이든 답변해 주는 블로거가 있다

"빌 클린턴, 르윈스키 첫만남부터 불꽃 튀어"

'대통령 찬양' 댓글 알바들 딱 걸렸다

"北 휴대전화 요금이 무려... 놀라운 변화"

SNS에 '김정은 암살설'… 근거없다

美 '팝의 여왕' 휘트니 휴스턴 사망


 
 
[Exclusive] Renault Samsung aims ..
Maintenance cost for F-15K soars..
Opposition’s rise in Busan alerts..
Samsung chairman Lee Kun-hee sued..
Medical Internship abolition plan..
Moody's cuts ratings on Italy, Po..
Smart TV spat pits KT against Sam..
Fine dust in Seoul and metropolit..
Samsung CEO sued over inheritance
US court favors Dongguk over Yale
(575) Arriving at a restaurant
Money Is Winner
More belt-tightening for Greece
Participants in the FTA Business Plaza 2012 talk