Korean Swine Assn. opposes company mergers

05-08-2008 | |

The Korea Swine Association has opposed the recent move by Halim Co, a local chicken processing company, to move into the pork processing business.

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.

This allowed Halim to gain 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 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.

Related Website
• Korea Swine Association  (Korean)

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