South Korea: This year, 306,000 won for kimchi for a family of four, less than last year

Published 2022년 11월 15일

Tridge summary

The cost of making kimchi for a family of four is expected to be less this year than the previous year, according to Korea Price Information. The decrease in the cost is due to the reduced price of vegetables and slightly increased price of seasoning. The vegetable prices have fluctuated due to changes in cultivation and harvest, while the price of radish and green onion has increased due to poor growth in the fall. The prices of red pepper powder, ginger, and salt have also risen due to weather conditions and a decrease in the salt field area. However, the government's release of stockpiles of garlic, red pepper, and salt has helped stabilize the supply and demand of kimchi ingredients, resulting in a decrease in the overall cost.

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

Original content

(Seoul = Yonhap News) Reporter Lee Shin-young = This year's kimchi cost is expected to be less than last year. Korea Price Information, a price research institute, announced on the 15th that it investigated the cost of making kimchi for a family of four as of the second week of this month, and analyzed that it would cost 306,000 won in traditional markets and 356,300 won in large marts. Compared to this time last year, the cost of making kimchi was 310,000 won in traditional markets and 357,760 won in large marts, which is a slight decrease. This year, the price of vegetables, the main ingredient, has gone down and the price of seasoning has gone up. Among vegetables, Chinese cabbage was called 'Golden Cabbage' because its price soared until summer, but the price fell compared to the previous year as the cultivation area increased and the harvest improved in the fall. On the other hand, the price of radish and green onion has risen compared to last year due to poor growth in the ...

Source: Yna