Panic buying shakes South Korea because of Japan

Published Jul 6, 2023

Tridge summary

South Korea is experiencing panic buying as citizens stockpile excessive amounts of sea salt and other items in response to Japan's plans to release over 1 million metric tons of water into the Pacific Ocean. Concerns about the safety of the water, which was used to cool a damaged nuclear reactor at the Fukushima power plant, have led to increased salt prices and a 20% discount offered by the Korean government. The move has also been met with opposition from the South Korean public, with over 85% opposing Japan's plans and 7 in 10 saying they would eat less seafood if the wastewater disposal continued.

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

Original content

Jakarta, CNBC Indonesia - South Korea (South Korea) was hit by panic buying. The Ginseng Country citizen began stockpiling excessive amounts of sea salt and other items. This was due to the maneuvers of its neighboring country, Japan. Tokyo plans to release more than 1 million metric tons of water into the Pacific Ocean that was previously used to cool a nuclear reactor that was damaged at the Fukushima power plant in 2011. Japan has made repeated efforts to ensure its water is safe and has been filtered to remove most of the isotopes even though it contains traces of tritium, a hydrogen isotope that is difficult to separate from water. However, this is still a concern for fishermen and consumers of marine products. South Korea's fisheries authorities have vowed to step up efforts to monitor natural salt ponds for any increase in radioactivity and maintain a ban on seafood from waters near Fukushima. "I just bought five kilograms of salt," said Lee Young Min, a 38-year-old mother ...

Source: Cnbcindonesia