Adjustments in the South Korean beef import market under beef import liberalization policies

Renee B. Kim, Y.J. Kim and Michele Veeman
Additional contact information
Renee B. Kim: Department of Agribusiness and Agricultural Economics, University of Manitoba, Winnipeg, MB R3T-2N2, Canada. E-mail: renee_kim@umanitoba.ca, Postal: Department of Agribusiness and Agricultural Economics, University of Manitoba, Winnipeg, MB R3T-2N2, Canada. E-mail: renee_kim@umanitoba.ca
Y.J. Kim: The Presidential Commission on Agriculture, Fishery and Rural Policies (PCAFR), Ministry of Agriculture and Fishery, Republic of Korea., E-mail: yoonkim@maf.go.kr, Postal: The Presidential Commission on Agriculture, Fishery and Rural Policies (PCAFR), Ministry of Agriculture and Fishery, Republic of Korea., E-mail: yoonkim@maf.go.kr
Michele Veeman: Department of Rural Economy, University of Alberta, Edmonton, AB T6G-2H, Canada. E-mail: michele.veeman@ualberta.ca, Postal: Department of Rural Economy, University of Alberta, Edmonton, AB T6G-2H, Canada. E-mail: michele.veeman@ualberta.ca

Agribusiness, 2004, vol. 20, issue 2, 201-216

Abstract: This report analyzes the implications for exporters of the policy of gradual liberalization of beef importation that preceded the phasing out of state trader importation in the South Korean beef market. The process of beef trade liberalization involved successive increases in import quota, and the allocation of this, through a simultaneous buy-sell system (SBS), to increasing numbers of licensed Korean importing firms, for several years prior to January 1, 2001. At that time, state trading was entirely replaced by private sector importation. During the period of policy adjustment of beef importation, licensed importing firms, known as “supergroups” (i.e., SBS firms), acted as designated SBS import beef traders for groups of end-use businesses. The importation of beef is analyzed based on a model of the import behavior of the SBS firms for the period 1995 through 2000. The econometric model focuses on the source preferences of importers; the results suggest the importance of alliances of importers with various beef exporters. Model simulations suggest that with further import growth, the United States is likely to remain a major player in the Korean import beef market and that Australia may also gain from growth in this market. [EconLit citations: F14, L19, L66.] © 2004 Wiley Periodicals, Inc. Agribusiness 20: 201-216, 2004.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:20:y:2004:i:2:p:201-216

DOI: 10.1002/agr.20001

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