The following story is from the Associated Press:
Korean investors and North Dakota cattle ranchers plan a beef plant in North Dakota that could process about 1,200 animals each day.
The Kim and Price Corp. plant would export about 60{4d08edaf359bc2115b18a651716ebd427a137946ddca2143fa23b3ea721061e4} of its beef to South Korea and sell the rest in the U.S.
Spokesman Roger Hoyum says North Dakota Beef Exports already has accepted letters of intent for nearly 450,000 animals from North Dakota and surrounding states.
Developers are considering several sites, including in the Bismarck-Mandan and Jamestown areas. They hope to have the plant operating by early 2012, employing about 500 people.
Copyright 2010 The Associated Press. All rights reserved.
