South Korea: This year, the cost of kimchi making is 201,854 won, 43% cheaper than last year

Published 2022년 11월 11일

Tridge summary

The Seoul Agro-Fisheries & Food Corporation has reported the cost of making kimchi this year, with fresh cabbage bringing the cost to 208,854 won and pickled cabbage, 228,123 won. This is due to the stabilization of cabbage and radish prices since Chuseok and Garak Mall's competitive pricing. The company also anticipates stabilization in vegetable prices as shipments increase for the full-fledged kimchi season. However, a slight increase in the price of dried chilies is expected due to disease damage, while water parsley and gat prices are predicted to stabilize or rise slightly. The company will provide information on major kimchi material trading trends on its website and YouTube channel from mid-November.

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

Original content

(Korea Agricultural Newspaper = Reporter Kim Heung-joong) The cost of making kimchi this year was 208,854 won if fresh cabbage was used and 228,123 won if pickled cabbage was used. The Seoul Agro-Fisheries & Food Corporation (President Moon Young-pyo) announced the results of the Garak Mall purchase price survey and the transaction trends of the Garak Market on the 7th to provide helpful information for thrifty kimchi material shopping in celebration of Kimchi. According to the results of a survey on the purchase price of 12 major kimchi ingredients at stores in Garak Mall as of the 3rd, it was 208,854 won for fresh cabbage and 228,123 won for pickled cabbage. This is 43% cheaper than the 355,500 won the previous year surveyed by the Price Association. The company analyzed that the reason the price became cheaper is that the price of cabbage and radish has been stabilizing since Chuseok, and that Garak Mall has higher cost competitiveness than large marts and traditional markets. ...

Source: Newsfarm