Major South Korean Retailers Halt Sales Of US Beef On Mad Cow Disease Fears

SEOUL, South Korea — Two major South Korean retailers pulled U.S. beef from their stores Wednesday following the discovery of mad cow disease in a U.S. dairy cow. Reaction elsewhere in Asia was muted with Japan saying there’s no reason to restrict imports.

South Korea’s No. 2 and No. 3 supermarket chains, Home Plus and Lotte Mart, said they halted sales of U.S. beef to calm worries among South Koreans. But within hours, Home Plus had resumed sales and cited a government announcement of increased inspections. Lotte kept its suspension in place.

“We stopped sales from today,” said Chung Won-hun, a Lotte Mart spokesman. “Not that there were any quality issues in the meat but because consumers were worried.”

South Korea is the world’s fourth-largest importer of U.S. beef, buying 107,000 tons of the meat worth $563 million in 2011.

To read the rest of the story, please go to: Associated Press