Vice Minister Ki Jae: "Exemption of 150,000 KRW Slaughter Fee... Early Supply of Volume"

Vice Minister Park Young-beom of the Ministry of Agriculture and Food Industry On-site Inspection... "Exemption Until the 18th"

Lee Eok-won, First Vice Minister of Strategy and Finance (left), and Park Young-beom, Vice Minister of Agriculture, Food and Rural Affairs (right), inspecting the supply and demand situation of agricultural and livestock products such as beef, pork, and cabbage ahead of Chuseok. (Photo by Ministry of Strategy and Finance)

[Sejong=Asia Economy Reporter Moon Chaeseok] Ahead of the Chuseok holiday, the government has decided to temporarily waive the 150,000 KRW slaughter fee to stabilize livestock product prices and supply the volume early.

On the 10th, Lee Eokwon, the 1st Vice Minister of the Ministry of Economy and Finance, visited the Gangwon Province Livestock Product Processing Center with Park Youngbeom, Vice Minister of the Ministry of Agriculture, Food and Rural Affairs, stating, "We will make every effort to secure sufficient slaughter volume during the Chuseok peak season to ensure there are no disruptions in supply and demand."

Recently, the supply of beef and pork has increased by about 10% compared to the average year, but prices remain relatively high due to increased household consumption. Demand is expected to rise further ahead of Chuseok. Vice Minister Lee said, "To enable early supply of scheduled slaughter volumes after Chuseok, the 150,000 KRW slaughter fee per head borne by farmers for Hanwoo cows being shipped will be temporarily waived until the 18th."

On the same day, Vice Minister Lee visited the Anbandegi cabbage field located in Wangsang-myeon, Gangneung City, to also inspect the highland cabbage crop during the Chuseok peak season. He said, "As the cultivation area has increased, cabbage prices are stably maintained at a level 14.6% lower than the average year," adding, "Prices have risen compared to the previous month due to the autumn rainy season, so we will closely monitor price and supply-demand conditions."

The government is supplying 1.4 times more of the 16 major seasonal products than usual to prevent supply disruptions of agricultural, livestock, and marine products during the Chuseok period. According to the Ministry of Economy and Finance, 115,384 tons have been supplied as of the 9th, which is 14% more than the original plan (101,084 tons).

This content was produced with the assistance of AI translation services.