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Is beef loin used to make ground beef in Korea? $27 pound

 
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Wed Jul 02, 2008 5:23 am    Post subject: Is beef loin used to make ground beef in Korea? $27 pound Reply with quote

Yes, it's 27,000 won per pound for beef and often a pound is not available in a store as supplies are severely limited. I wondered if supply of things in Korea is limited due to a lack of logistics or is artificially induced to support economic interests. I don't know if it's that expensive in Seoul, but in this little supermarket in my town, it's 6000 won per 100 grams and there's 454 grams to a pound so that makes it a whopping $27 a pound!

Are they using fillet Mignon loin for ground beef? It is in my experience exceptionally lean and high quality, but must be the most expensive hamburger on the planet.
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seoulsucker



Joined: 05 Mar 2006
Location: The Land of the Hesitant Cutoff

PostPosted: Wed Jul 02, 2008 5:30 am    Post subject: Reply with quote

It's probably hanwoo beef, and the price is one of the reasons that Korean beef farmers are pooping their pants about the US beef deal.

With high production costs, low volume and little to no competition, they've been able to jack up the prices over the past few years.
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aka Dave



Joined: 02 May 2008
Location: Down by the river

PostPosted: Wed Jul 02, 2008 5:32 am    Post subject: Reply with quote

Actually, using filet mignon as hamburger would be a bad idea and a waste. Chuck has more flavor and is a better choice for hamburger. Filet Mignon is tender when cooked as a cut, you lose that tenderness advantage when you cook it as hamburger.

Look at the geography/topography of Korea, and the population density. Compare that to Nebraska or Texas. Whichs is more suited to sustaining grazing animals?
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Wed Jul 02, 2008 5:58 am    Post subject: Reply with quote

aka Dave wrote:
Actually, using filet mignon as hamburger would be a bad idea and a waste. Chuck has more flavor and is a better choice for hamburger. Filet Mignon is tender when cooked as a cut, you lose that tenderness advantage when you cook it as hamburger.

Look at the geography/topography of Korea, and the population density. Compare that to Nebraska or Texas. Whichs is more suited to sustaining grazing animals?


Gangwon-do has enormous amounts of land with very low human population density that isn't being used as it could sustain cattle quite well . It must be one of the lowest population and greenest places in the whole of Asia. Animals don't need flat land to stand and graze on, but Koreans just don't have it going on in the agriculture and farming department. Gangwon is still a real deep wilderness with a few tiny towns here and there, but road construction and development is paving the polluted future to come. It's nothing like the rest of highly populated and polluted Korea as the air is actually fresh and people are fishing to have fish soup. The only farming appears to be old people growing small patch's of peppers, potatoes, pumpkins, and corn which are often in the oddest locations.

Get that American beef, Alaskan wild salmon, and pork loin out here please. We need meat to eat!!!
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Gatsby



Joined: 09 Feb 2007

PostPosted: Wed Jul 02, 2008 6:14 am    Post subject: Reply with quote

sojourner1 wrote:

Quote:
Yes, it's 27,000 won per pound for beef and often a pound is not available in a store as supplies are severely limited. I wondered if supply of things in Korea is limited due to a lack of logistics or is artificially induced to support economic interests. I don't know if it's that expensive in Seoul, but in this little supermarket in my town, it's 6000 won per 100 grams and there's 454 grams to a pound so that makes it a whopping $27 a pound!


I don't know about supplies being limited at that price. I think demand is the limiting factor. If you find a butcher shop, they probably would keep it in stock.

The beef prices can be so bizarre, I don't even bother looking at them. I saw some gift packs of maybe three or four pounds of fatty beef going for 150 kwon and up.

About a year ago, before the prices fell, a neighbor invited me over for steak, a much better paid expat neighbor. It was very tender. I did some checking, and beef he served was around 25 kwon to maybe 35 kwon for 500 grams as I recall.

Who the heck buys beef at that price, aside from expats working for the Arabs on an expense account?

Being a Yank, I'm used to paying $3 to $5 a pound for a roast or steak, and less for hamburger.

When you are talking more than $20 a pound, there are a lot of other protein options, including shrimp, salmon and spam.

When you think about it, low beef prices would affect more than just the Korean cattlemen. It would also shift consumption of pork, chicken and seafood.

And then what? Koreans would have more money to spend on other things than food. And for that they're complaining?
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cangel



Joined: 19 Jun 2003
Location: Jeonju, S. Korea

PostPosted: Wed Jul 02, 2008 2:59 pm    Post subject: Reply with quote

I buy my ground beef at E-Mart for W1,180 per 100g. Must be Aussie. Tastes fine to me. D-lish!
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