Moreover, those found guilty of doing so could be sent to jail, theBBCreported.
Nevertheless, the consumption of dog meat itself will not be illegal.
Those concerned have been ordered to submit a plan to phase out their businesses to their local authorities.
Though the details of what compensation will be offered have yet to be worked through, the BBC reported.
Less than a fifth of those polled said they supported the consumption of the meat, the BBC stated.
Why stop us from eating our traditional food?
If you ban dog meat, then you should ban beef.
On the contrary, 22-year-old student Lee Chae-yeon said the ban was necessary to promote animal rights.
More people have pets today, she said.
Dogs are like family now, and its not nice to eat our family.
We should accept dog meat but raise and slaughter them in a hygienic environment.
Mrs Kim added: Other countries like China and Vietnam eat dogs, so why are we banning it?
Consuming dog meat is legal in mainland China except for the city of Shenzhen.
In 2020, the commercial slaughter and sale of dogs was banned in all of China.
Nevertheless, the infamous Yulin dog meat festival still takes place annually.
However, the slaughters represent just a fraction of the year-round trade across China.
Most of these animals are stolen pets and strays grabbed from the streets, the HSI states.
As for Vietnam, five million dogs are slaughtered for the trade in the Southeast Asian country every year.
Thats 13,699 dogs being killed horrifically every day,Animal Asiastates.
Dogs are the most helpful pets, a reader highlighted
