Korean-American Processors Detail Beef Plans

A joint venture between Korean investors and North Dakota beef producers plans to process 1,250 head of cattle per day in central North Dakota, with most to be exported.

“This is a big deal economically,” said Roger Hoyum, the consultant managing the project for Kim & Price Corp. “This is a significant opportunity for new wealth to be infused into the strong economy in North Dakota.”

The company gets its name from Jack Dae Soo Kim, a South Korean businessman with a commodities background, and Bill Price, a North Dakota rancher who exports cattle to the Central Asian nation of Kazakhstan. They are looking at sites around Bismarck, Mandan, Jamestown and two rural locations for a processing facility that they hope to have in operation in 2012.

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