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.
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