Economic Impacts of Selection and Dissemination of Korean Proven Bulls

Abstract

This study provides the importance and value of selection and dissemination of Korean proven bulls by analyzing an economic impact. The results of economic impact analysis show that selection and dissemination of Korean proven bulls have a significant role in development of Korean bulls industry. The results of this study we found that the economic effect was 498.49billion won based on the condition of over grade 1. And the economic effect was 521.22 billion won based on the condition of over grade 2. It also insists that a continuous research and development of selection and dissemination of Korean proven bulls is needed for development of Korean bulls industry.