The korean feed industry has expanded its production volume during the past three
decades in line with the outstanding growth of the livestock industry, with an increase of
production from 901thou.M/T in 1975 to 16,131thou.M/T in 2008.

Due to the shortage of the domestic feed ingredient resources, most of raw materials has
been imported from abroad, of which the importing volume amounts to 16mill.M/T per
annum, ranked Korea as the second largest importing country in Asia.

The Korea Feed Association, since its inception, has exerted itself to enhance the
efficiency and the competitiveness of korean feed industry, having made a great
contribution for the development of the livestock industry.

With such achievements and experiences, the Association with its member companies will
continuously make great efforts in developing compound feed that will increase the
productivity of livestocks, provide maximum return to livestock farmers and minimize
environmental pollution.

Looking forward to your encouragement and kind cooperation, I sincerely hope that we
can maintain and strengthen our friendly relationship with you and your organization in
the years ahead for the mutual benefit.

Thank you.

Cho, Nam Jo

Chairman, Korea Feed Association