Korean Swine Assn. Opposes Chicken Cos. Move
SOUTH KOREA - The Korea Swine Association has stated it opposes recent moves by Halim Co., a local chicken processing company, to move into the pork processing business.
4 August 2008
2 minute read
In September 2007 Halim merged with leading processed pork company Sunjin amd followed this last month by buying a 65.1 percent majority stake in Daesang Farmsco, the pork division of food company Daesang Group.
With these moves, Halim has gained control of two popular processed pork products, "Clean Pork" and "Hi Pork".
The acquisitions made Halim the No. 1 pork company in Korea, followed by Nonghyup's (National Agricultural Cooperative Federation) Moguchon.
The Korea Swine Association said Halim's foray into pork may threaten pig farms.
A press release from the association stated: "Halim has a history of getting ahold of more than 40 percent of the chicken industry and turning chicken farms into consignment-based breeding houses. If it advances into the pork industry with its acquisition of Daesang Farmsco, the same thing will happen to pork farms."
The association also urged Halim to stop building its pig farm in Nonsan City, South Chungcheong Province.
"We request Halim to concentrate on manufacturing and processing chicken and leave pork breeding to existing pig farms," the association stated.
The swine association said that its heads visited Halim's headquarters in Iksan City, North Jeolla Province on Friday and communicated their concerns to Halim directors. The association said that if it does not get a clear answer by Friday, it will continue its protests.
With these moves, Halim has gained control of two popular processed pork products, "Clean Pork" and "Hi Pork".
The acquisitions made Halim the No. 1 pork company in Korea, followed by Nonghyup's (National Agricultural Cooperative Federation) Moguchon.
The Korea Swine Association said Halim's foray into pork may threaten pig farms.
A press release from the association stated: "Halim has a history of getting ahold of more than 40 percent of the chicken industry and turning chicken farms into consignment-based breeding houses. If it advances into the pork industry with its acquisition of Daesang Farmsco, the same thing will happen to pork farms."
The association also urged Halim to stop building its pig farm in Nonsan City, South Chungcheong Province.
"We request Halim to concentrate on manufacturing and processing chicken and leave pork breeding to existing pig farms," the association stated.
The swine association said that its heads visited Halim's headquarters in Iksan City, North Jeolla Province on Friday and communicated their concerns to Halim directors. The association said that if it does not get a clear answer by Friday, it will continue its protests.
