South Korea: traditional markets are 21.4% cheaper than hypermarkets

Published 2021년 2월 2일

Tridge summary

The Small Merchants Market Promotion Corporation has conducted a survey finding that setting up a New Year's turn in traditional markets is 20% cheaper than in hypermarkets, with the cost being 25,1844 won and 32,265 won respectively. The price advantage is especially significant in categories such as vegetables, seafood, and meat. However, due to factors such as increased meat and egg prices, traditional markets have seen a 10.4% price increase from last year, while hypermarkets have seen a 6.4% increase.

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

Original content

[Sejong = Newspim] Reporter Jeong Seong-hoon = The cost of setting up a New Year's turn this year was found to be 20% cheaper in traditional markets than in hypermarkets. The Small Merchants Market Promotion Corporation conducted a price comparison survey on 27 items of festival goods in traditional markets (37 locations) and nearby hypermarkets (37 locations) for 5 days from 18 to 22 last month, and announced the results on the 2nd. . According to the survey, the cost of setting up a New Year's turn this year (based on 4 people) is 25,1844 won for traditional markets and 32,265 won for hypermarkets. Traditional markets are 68421 won (21.4%) compared to hypermarkets. ) Was found to be cheaper. When looking at the difference in ratio by item category, traditional markets showed a price advantage over hypermarkets in the order of vegetables (50.6%), seafood (26.7%), and meat (25.6%). Out of 27 items surveyed, 21 items showed that traditional markets are cheaper than hypermarkets. In ...

Source: Newspim