Chinese red pepper powder and red pepper paste are popular in South Korea

Dried Ground Chili Pepper

South Korea

China

Market & Price Trends

Published Dec 20, 2023

Tridge summary

Chinese red pepper powder and red pepper paste have become popular in Korea due to their affordability and good quality, with Chinese products gaining a significant share in the Korean market. This is attributed to the lower price and good quality of Chinese red pepper powder, which has led to an increase in its popularity among Korean consumers and restaurant owners. The rise in imports of Chinese red pepper products into Korea is also attributed to the Korea-China Free Trade Agreement, which has resulted in a record high import volume of over 100,000 tons last year.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Chinese state media recently reported that Chinese red pepper powder and red pepper paste are popular in Korea because of their cheapness and good quality, attracting attention. China's CCTV reported on the economic channel news program 'World Finance' on the 18th, "Recently, Chinese red pepper powder and red pepper paste “It is gaining popularity with Koreans and restaurant owners,” he said. The media reported that “red pepper powder is an essential seasoning in the daily lives of Koreans and when preparing food in restaurants,” and that the price competitiveness of Korean products is greatly reduced. Comparing products sold in some supermarkets, he suggested that the price of 1 kg of Korean red pepper powder is 30,000 won, but the price of Chinese red pepper powder is only one-third. He said, “The quality is good and the price is low, so Chinese red pepper powder is popular with Korean consumers. “It is loved,” he said. “The amount of red pepper powder imported from Korea is ...

Source: Donga