USSEC Hosts Roundtable Targeting Top Executives of Korean Crushing Industry
- General News
USSEC hosted a two day roundtable for top management representatives from the Korean crushing industry in Pyeongchang on August 24 and 25. The objective of the roundtable was to discuss the pros and cons of evaluating soybean meal by focusing on amino acid content with regards to marketing domestically processed soybean meal. Eight top executives attended, including In Woo Lee, president of Sajo Haepyo Co., Ltd. and chairman of Korea Soybean Processors Association (KSPA) and Jin Hyeon Kim, vice president of CJ CheilJedang Corp. USSEC Animal Utilization Director Hyung Suk Lee discussed the attitude change of the Korean feed industry, especially broiler integrators, on the usefulness of amino acid in evaluating soybean meal. Say Young Jo, USSEC Country Director – Korea, led a discussion focused on possible issues that the local crushing industry may have when adding the importance of amino acid profiling to their soybean meal marketing. Mr. Jo suggested that the local crushing industry create a task force with KSPA to develop a model that quantifies the benefits and risks of amino acid values linked to soybean meal that links to the existing marketing mix.