Korea Is King Of High-Priced Beef
The price of beef in South Korea is the highest among 29 countries, with South Korean consumers paying the U.S. equivalent of $59/kilo (55,800 won) for imported beef and 54,500 won ($58) for domestic product. One kilo is 2.2046 lbs.
An international survey conducted by Consumers Korea and consumer organizations in 28 other countries found Australian beef is nearly twice as expensive in South Korea as in Japan, says group chairman Kim Jae-ok.
Russia came in second, with imported beef being equivalent to 50,318 won/kilo, followed by the United Arab Emirates with 24,646 won, and Vietnam with 22,823 won. Japan's average beef import price was 21,023 won.
In January, the International Labor Organization (ILO) said that, as of October 2005, the average price of a kilogram of beef in South Korea was $56.44, six times more expensive than in the United States ($8.94) and five times more expensive than in Britain and Italy. The ILO survey of 13 countries also showed the price of Korean beef was roughly $15 more expensive than that of Japan.
-- Consumers Korea news release
The price of beef in South Korea is the highest among 29 countries, with South Korean consumers paying the U.S. equivalent of $59/kilo (55,800 won) for imported beef and 54,500 won ($58) for domestic product. One kilo is 2.2046 lbs.
An international survey conducted by Consumers Korea and consumer organizations in 28 other countries found Australian beef is nearly twice as expensive in South Korea as in Japan, says group chairman Kim Jae-ok.
Russia came in second, with imported beef being equivalent to 50,318 won/kilo, followed by the United Arab Emirates with 24,646 won, and Vietnam with 22,823 won. Japan's average beef import price was 21,023 won.
In January, the International Labor Organization (ILO) said that, as of October 2005, the average price of a kilogram of beef in South Korea was $56.44, six times more expensive than in the United States ($8.94) and five times more expensive than in Britain and Italy. The ILO survey of 13 countries also showed the price of Korean beef was roughly $15 more expensive than that of Japan.
-- Consumers Korea news release