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20 June 2008

Starkist Tuna to be Sold to a Korean Company

It was announced today that Dongwon Industries, a huge Korean fishery concern, will buy Starkist Tuna, division of Del Monte Food Company, for $300 million. It was revealed that Del Monte was losing money on Starkist because of the rapidly rising cost of skipjack tuna.

No word yet if Dongwon will only sell tuna of 30 months old or younger or if they will sell "lower quality" tuna that Americans don't eat into the Korean market.

Sorry Charlie.

The Marmot's Hole 6/20/08 2:15 AM WangKon936 Korean Economy Comments

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