South Korea: Government releases 11,000 tons of agricultural products such as cabbage for kimchi season and 10,000 tons of sea salt

Published 2023년 11월 2일

Tridge summary

The South Korean government plans to stabilize the supply and demand of kimchi ingredients by supplying 11,000 tons of agricultural products like cabbage and radish, as well as 10,000 tons of sea salt. They predict no issues with supply and demand during the peak kimchi season, but anticipate rising prices for red pepper powder and green onions due to decreased supply. To ease the burden on shoppers, the government will invest more than 13.8 billion won into discount support for agricultural and marine products and increase the purchase limit for Onnuri gift certificates at traditional markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Shin Seon-mi = The government will supply approximately 11,000 tons of agricultural products such as cabbage and radish and 10,000 tons of sea salt to the market to stabilize the supply and demand of kimchi ingredients. On the 2nd, the government confirmed the 'measures to stabilize supply and demand of kimchi ingredients' at the emergency economic ministers' meeting chaired by Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho. The government predicted that although the production of cabbage, the main ingredient for kimchi, was lower than last year and the average year, considering the growth situation, there will be no problems with supply and demand during the peak kimchi season starting in the middle of this month. However, prices of red pepper powder and green onions are expected to rise due to a decrease in supply. Accordingly, the government decided to release about 11,000 tons of agricultural products such as cabbage, ...
Source: Yna

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