South Korea: The price of rice cake and beef are increasing ahead of the Lunar New Year

Ahead of the Lunar New Year, the price of tteokguk rice cakes and beef, etc. Shopping cart prices are'legging' Ahead of the Lunar New Year holidays, the prices of major agricultural and livestock products such as rice cakes and beef are rising all at once. According to the Korea Agriculture and Fisheries Food Distribution Corporation, the price of 1kg of white rice cake as of the last 4 days was 5,871 won for the traditional market and 5,332 won for large retailers, up 20.2% and 3.8% respectively from last year. In the traditional market, the value of 300 g of beef brisket was 13,380 won, up 5.5% compared to the previous year, and 23,085 won for large retailers, up 9.1%. On the basis of the ...