News

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

Vegetables
South Korea
Published Nov 15, 2022

Tridge summary

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 fall. As of the middle of this month, the price per head of cabbage is 4,000 won, and radish is trading at 2,000 won. Among condiments, the prices of red pepper powder, ginger, and salt rose.

Original content

(Seoul = Yonhap News) Reporter Lee Shin-young = This year, the price of red pepper and ginger was high due to frequent rains and typhoons, and salt prices are also on the rise as the salt field area has decreased along with the effects of the rainy season and typhoons from a few years ago. However, the Korea Price Information Service analyzed that the government helped reduce the price of kimchi by releasing stockpiles of garlic, red pepper, and salt to stabilize the supply and demand of kimchi ingredients. Lee Dong-hoon, a researcher at Korea Price Information Service, said, “Recently, high-quality highland crops are being supplied at a low price.” said. According to Korea Price Information, the best time to make kimchi this year is from late November to early December in the central and southern inland areas ...
Source: Yna
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.