South Korea: Livestock and Products Semi-annual

Korea’s overall demand for beef and pork in 2022 will remain steady and could improve in the second half of the year with a reopening of its restaurant sector. However, Covid-related restrictions continue to limit Korea’s Hotel, Restaurant, and Institutional businesses where meat is heavily consumed. As record omicron cases continue to grip the country, in-home dining has become a permanent fixture in Korea’s everyday life. Korean cattle producers look to capitalize on high prices and rising demand for domestic beef and will increase production throughout 2022. Likewise, in the swine sector, Korea’s 2022 domestic production will continue upward along with pork imports in order to keep pace with strong consumer demand.