Korean Swine Assn. opposes company mergers
The Korea Swine Association has opposed the recent
move by Halim Co, a local chicken processing company, to move into the pork
Following a merger with leading processed pork company Sunjin, last
September, Halim has now bought a 65.1 percent majority stake in Daesang
Farmsco, the pork division of food company Daesang Group.
Halim to gain control of two popular processed pork products, "Clean Pork" and
The acquisitions made Halim the No. 1 pork company in Korea,
followed by Nonghyup's (National Agricultural Cooperative Federation) Moguchon.
The Korea Swine Association is concerned that 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."
"We request Halim to concentrate on
manufacturing and processing chicken and leave pork breeding to existing pig
farms," the association stated.
The swine association have visited
Halim's headquarters although nothing has been resolved and the association vows
to continue its protests.
â€¢ Korea Swine
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