Can Korean milk survive the era of tariff-free imports?

“As tariff-free milk products from the United States and Europe begin to arrive, South Korea's dairy industry is raising concerns that domestic products may not survive competition due to high pricing and excessive local production compared to demand. Koreans consumed 22.9 kilograms of fresh milk per person last year, down 9.5 percent from the previous year and the lowest level recorded in more than four decades, according to data from the Korea Dairy Committee. This trend is thought to reflect b

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