South Korea: Domestic red pepper powder is insanely expensive

Published 2021년 6월 10일

Tridge summary

The article highlights the significant increase in the prices of essential food materials such as domestic red pepper powder, dried pepper, peeled garlic, and green onion, due to supply issues and instability in prices since October. The price of red pepper powder has tripled, and dried pepper has nearly doubled, imposing a financial strain on self-employed individuals and businesses, especially restaurant owners. The surge in prices has led to questions about the origin of kimchi and the difficulty in maintaining the standard for domestic kimchi. The high cost of domestic red pepper powder has pushed many to use Chinese alternatives, despite consumer preferences against them. The situation has led to challenges for self-employed individuals on the economic impact and the dilemma of choosing between using expensive domestic materials or Chinese alternatives, amidst concerns about quality and consumer opinions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In terms of per kg, it is equivalent to Korean beef… Plates to remove kimchi from side dishes The price of food materials, such as domestic red pepper powder, has soared, increasing the burden on the self-employed and consumers. Self-employed business owners who run restaurants have suffered from a drop in customers after the spread of Corona 19, and also suffered from a surge in Chinese kimchi. As consumer anxiety spread, they took the burden and switched to domestic materials, but the price is showing no sign of falling, and the pain is deepening. According to the agricultural distribution information of the Korea Agro-Fisheries and Food Trade Corporation (aT) on the 10th, the retail price of 1 kg of domestic red pepper powder recorded 37,548 won the day before. It rose 44.0% from 26,080 won a year ago. It is about three times higher than the price of Chinese red pepper powder (11,940 won). This is largely due to the fact that dried pepper prices have not stabilized ...

Source: Donga