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Abstract
Until recently the Korean beef market was heavily protected. However, since the beginning of 2001
there have been significant changes to beef import arrangements and their distribution channels, and
the protection in the beef market has fallen. In January 2001 beef import quotas were lifted and
replaced by an import tariff. The dual retail system – where domestic and imported beef are sold
separately – was abolished in September 2001, and now domestic and imported beef can be sold in
the same outlet. In addition, any retailer is now permitted to sell imported beef. Thanks to the WTOled
reforms, Australia can benefit from the changes in the Korean beef market. In this study, we
examine beef consumption trends in Korea; Korea’s beef cattle production and its beef supply
potential; beef import prospects; likely responses in the Korean beef industry as a result of the beef
import tariffication; and beef trading arrangements in Korea. We also draw implications on how the
Australian beef industry may capitalise on the opening up of the Korean beef market.