Retail in Asia

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2 Korean chains halt US beef sales

Two major South Korean retailers, Lotte Group’s Lotte Mart chain and Tesco Corp’s HomePlus, pulled American beef from their grocery shelves on Wednesday, reacting swiftly to news that mad-cow disease was discovered in a US cow and hoping to avoid customer protests.

The South Korean government said it will continue to import US beef but increase its inspections of the product at ports of entry. The country was the fourth-biggest importer of US beef last year.