Business · Economy · 3 hrs ago
Hanwoo cow sells for record 98.64 million won at national contest
Dongwon Home Food bought the contest’s top Hanwoo cow for 98.64 million won at an auction in Eumseong, South Korea.
The sale was a record for the National Hanwoo Ability Evaluation Contest, which has been held since 1993 to assess cattle breeding and promote farmers’ incomes and Hanwoo’s value.
The cow won the president’s award and had a 1++A grade, which describes its meat quality and yield.
It weighed 548 kilograms after slaughter, and its auction price was 180,000 won per kilogram.
That rate was more than four times higher than the price per kilogram for two other cattle with the same grade sold at the event.
The contest judges meat quality as well as conditions such as farm environment and disease-control facilities.
Dongwon has bought the award-winning cow for 16 straight years, and plans to sell this one through its online wholesale market and retailers, restaurants and wholesalers across the country.
A Hanwoo cow that won the presidential award at the 29th National Hanwoo Ability Evaluation Contest sold for 98.64 million won, a record for the contest.
Dongwon Home Food bought the cow at the event in Eumseong, North Chungcheong Province, on the 4th.
The cow was raised by Lee Byeong-hui of Sulmoe Farm in Gimhae, South Gyeongsang Province.
Its carcass weighed 548 kilograms, and its winning bid was 180,000 won per kilogram.
The company said the price was more than eight times the average auction price for Hanwoo cattle this year.
- Who
- Dongwon Home Food bought the award-winning Hanwoo cow, raised by Lee Byeong-hui of Sulmoe Farm.
- What
- The cow sold for 98.64 million won, a contest record.
- When
- The auction took place on the 4th; the company announced the sale on the 5th.
- Where
- At the 29th National Hanwoo Ability Evaluation Contest in Eumseong, North Chungcheong Province.
- Why
- The contest evaluates Hanwoo breeding results and aims to raise farm income and the breed’s brand value.
This story does not have two clearly opposing sides.
The National Hanwoo Ability Evaluation Contest began.
Dongwon Home Food began participating in the contest.
Dongwon Home Food bought the presidential-award cow at the contest in Eumseong for 98.64 million won.
Dongwon Home Food announced the sale.
- Winning bid
- 98.64 million won
- Bid per kilogram
- 180,000 won
- Carcass weight
- 548 kilograms
- Live weight
- 866 kilograms
- Contest
- 29th National Hanwoo Ability Evaluation Contest
- Buyer
- Dongwon Home Food
1 source
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