S. Korea to extend tariff quotas on 44 imported farm goods

SEOUL, June 25 (Xinhua) -- South Korea plans to extend tariff quotas on 44 imported farm goods as part of efforts to secure stable supply and help stabilize prices, the finance ministry said Monday.

Tariff quotas for 44 farm products imported from overseas, including pork belly and dried pepper, were scheduled to expire at the end of June, but the Ministry of Strategy and Finance decided to extend the expiration by the end of 2012 in a bid to curb inflationary pressures caused by global price hike in agricultural products.