What is the price of beef per kilogram/pound in South Korea today?
The retail price range for South Korea beef is between US$ 8.11 and US$ 14.24 per kilogram or between US$ 3.68 and US$ 6.46 per pound(lb). Click here to see today's exact prices of beef in South Korea
The retail price range in South Korean won for beef is between KRW 10,811.97 and KRW 18,986.88 per kilogram or between KRW 4,903.39 and KRW 8,610.83 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea beef is between US$ 5.68 and US$ 9.97 per kilogram or between US$ 2.57 and US$ 4.52 per pound(lb).
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South Korea Beef Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beef from South Korea has seen a significant increase over the last five years. In 2017, the export price was 19.02 US $ per kg, followed by 10.78 US $ per kg in 2018. In 2019, the export price rose to 26.90 US $ per kg and further increased to 18.10 US $ per kg in 2020. The highest export price was recorded in 2021, at 41.05 US $ per kg. The most recent data shows that the export price has decreased to 21.98 US $ per kg in 2022. Based on this trend, it is predicted that the export price of Beef from South Korea will be around 24.00 US $ per kg in 2023 and 26.00 US $ per kg in 2024.The beef exports from South Korea are classified as:
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
South Korea Beef Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beef into South Korea over the last five years has been quite volatile. In 2017, the price was at its highest at 19.02 US $ per kg, before dropping to 10.78 US $ per kg in 2018. However, the price rose again in 2019 to 26.9 US $ per kg, before dropping to 18.1 US $ per kg in 2020. The price then rose again in 2021 to 41.05 US $ per kg, before dropping to 21.98 US $ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Beef into South Korea in 2023 will be around 32.04 US $ per kg, and in 2024 it will be around 27.02 US $ per kg.Export values for South Korea beef
The total values in export for beef in South Korea were US$ 22,426, US$ 4,375, US$ 4,494 and US$ 3,362 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Meat category in South Korea: Pork, Mutton, Goat Meat, Horse Meat, Chicken Meat, Turkey Meat, Duck Meat, Geese Meat, Guinea Fowls Meat & Rabbit Meat.
See prices of beef in other countries across Asia: Kazakhstan beef, Kyrgyzstan beef, Tajikistan beef, Turkmenistan beef, Uzbekistan beef, China beef, Hong Kong beef, Macao beef, North Korea beef & Mongolia beef.
South Korea beef - Production, Exports, Imports, Seasons and HS Codes
The volume of beef exported by South Korea in 2020 was 194 metric tonnes. In 2019 South Korea sold 125 tonnes of beef. For the year 2019 alone, the demand for South Korea beef (meat category) has gone down, recording a change of -70.024 pc compared to the year 2018. Between 2017 and 2019, beef's exports decreased by -45.65 pc earning South Korea US$3.36m for the year 2019. South Korea's beef exports are classified as:
- Frozen bovine carcases and half-carcases (HS code 020210)
- Frozen edible bovine offal (excluding tongues and livers) (HS code 020629)
- Frozen edible bovine livers (HS code 020622)
- Fresh or chilled edible offal of bovine animals (HS code 020610)
- Carcases or half-carcases of bovine animals, fresh or chilled (HS code 020110)
- Frozen edible bovine tongues (HS code 020621)
- Fresh or chilled bovine meat, boneless (HS code 020130)
- Frozen, boneless meat of bovine animals (HS code 020230)
- Fresh or chilled bovine cuts, with bone in (excluding carcases and 1/2 carcases) (HS code 020120)
- Frozen bovine cuts, with bone in (excluding carcases and half-carcases) (HS code 020220)
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South Korea beef export values
In 2019, South Korea shipped beef valued at 3.36m USD, a drop of -25.23% from 2018's total beef export of 4.494m USD. The annual change in value of South Korea beef between 2017 to 2018 was 2.72 percent.
The annual/yearly change in the quantity of South Korea's beef exports between 2017 and 2019 was -45.65 per cent when compared to a variation of -70.024% in the growth rate between 2018 and 2019.
South Korea's share of the world's total beef's exports in 2019 was 2.8 per cent. South Korea holds number 5 in world exports of beef.
Export markets for South Korea beef ( in '000$ )
South Korea's leading destinations for beef are Myanmar, China, Vietnam, Hong Kong and Iraq.
Import/Export Trends
South Korea is a net exporter of beef. The annual growth of South Korea beef in value between 2015 to 2019 was -12%, per year, while annual growth in quantity for the same period was -13%, per annum.
South Korea procured 480,286 tonnes of beef in 2019.