South Korea: Cabbage prices are still high, all-out effort to manage supply of kimchi ingredients

Published Oct 16, 2024

Tridge summary

The article highlights the concerns around the fluctuating prices of essential ingredients for kimchi, a traditional Korean dish, as the kimchi season approaches. The prices of cabbage and radish, in particular, are experiencing significant increases, with the Korea Price Association predicting a 22.5% increase in the average consumer price of cabbage compared to last year. In response, the South Korean government is actively monitoring the supply and demand situation and implementing measures to stabilize the market. The government also assures that the supply of other ingredients like garlic, ginger, and marine products will remain stable. Despite these efforts, the burden on consumers during the kimchi-making season remains a concern.

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

Original content

Cabbage prices still high… All-out effort to manage supply and demand of ‘kimchi ingredients’ [Anchor] As the kimchi season approaches, the prices of kimchi ingredients are fluctuating. There are concerns that prices have not yet been set for everything from cabbage to radish. The government is checking the supply and demand situation and taking all-out measures. Reporter Kim Jun-ha looked into kimchi prices. [Reporter] Ahead of the kimchi season, we looked at the ingredients needed for kimchi at a large mart in Seoul. Cabbage is placed in one corner of the fresh food section, but only 3 heads per person can be purchased. The price of cabbage that received discount support is about 7,000 won, and radish is about 3,500 won per head, which is a significant increase at first glance. The Korea Price Association predicted that the average consumer price of cabbage will hit its highest in November this year. This is a 22.5% increase compared to last year. In response, the government has ...

Source: Yonhapnewstv