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Hanwoo, or Korean beef, is on display at a livestock market in Majang-dong, eastern Seoul on Wednesday. Average wholesale prices for the beef have rose over 10 percent within a week, after reports of the lumpy skin disease outbreak among cattle came to light. It was sold at an average wholesale price of 20,053 won ($14.85) per kilogram on Tuesday, a 13.1 percent increase from last week's price of 1,7230 won per kilogram, according to livestock retail data from the Korea Institute for Animal Products Quality Evaluation. [YONHAP]

Hanwoo, or Korean beef, is on display at a livestock market in Majang-dong, eastern Seoul on Wednesday. Average wholesale prices for the beef have rose over 10 percent within a week, after reports of the lumpy skin disease outbreak among cattle came to light. It was sold at an average wholesale price of 20,053 won ($14.85) per kilogram on Tuesday, a 13.1 percent increase from last week's price of 1,7230 won per kilogram, according to livestock retail data from the Korea Institute for Animal Products Quality Evaluation. [YONHAP]

 
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