SOUTH KOREA DISMISSES IMPACT OF PORK FIRM’S LOSSES CLAIM
August 1st, 2012
BY JENNIFER CHANG, IN SOUTH KOREA
THE KOREA Trade Commission (KTC) has dismissed fears for the future of South Korean pork processing after an indigenous company blamed falling sales on cheap European imports following a free trade agreement (FTA) with the European Union (EU).
The unnamed company in question saw sales nosedive 30% year-on-year in the first half of 2012. Yi Heon-du, a deputy director at the KTC, said that to avoid embarrassment, the firm had asked the Commission not to release more information.
The FTA so far appears to have led to one-way ...
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