South Korea opens duty-free quota for imported beef
South Korea is currently the leading value market for U.S. beef exports, with shipments on pace to possibly reach $3 billion in 2022. But rising food prices are a concern in Korea, and the government is taking steps to ease the burden on consumers. As part of this effort, Korea recently opened a 100,000 metric ton duty-free quota on imported beef, open to all eligible suppliers.
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