South Korea retailers stop selling US beef in wake of California mad cow case

http://worldnews.msnbc.msn.com/_news/2012/04/25/11386852-south-korea-retailers-stop-selling-us-beef-in-wake-of-california-mad-cow-case?lite




SEOUL, South Korea -- Two major South Korean retailers suspended sales of U.S. beef 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 have "temporarily" halted sales of U.S. beef to calm worries among South Koreans.

"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.