Dog meat consumption has been a long-standing practice on the Korean Peninsula. Still, there is a growing movement to outlaw the business due to increasing public awareness of animal rights and concerns about South Korea's international image. The country's first lady has expressed support for a ban, and lawmakers have submitted bills to eliminate the dog meat trade, as farmers and restaurant owners involved in the industry protest against the laws. Dog meat farms and slaughter are declining due to falling demand and activist campaigns, with many farmers facing financial difficulties. The government has formed a task force to consider the issue, but disputes over compensation have hindered progress.
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00:00 It's Benzinga and here's what's on the block.
00:02 Dog meat consumption has been a long-standing practice on the Korean peninsula, but there
00:07 is a growing movement to outlaw the business due to increasing public awareness of animal
00:11 rights and concerns about South Korea's international image.
00:15 The country's first lady has expressed support for a ban, and lawmakers have submitted bills
00:19 to eliminate the dog meat trade as farmers and restaurant owners involved in the industry
00:23 protest against the laws.
00:26 Dog meat farms and slaughter are declining due to falling demand and activist campaigns,
00:30 with many farmers facing financial difficulties.
00:33 The government has formed a task force to consider the issue, but disputes over compensation
00:38 have hindered progress.
00:39 For all things money, visit Benzinga.com.
00:41 [BLANK_AUDIO]