Will your worth increase as soon as you come to Korea? Prices of imported products soar in Korea

Will your worth increase as soon as you come to Korea? Prices of imported products soar in Korea

As a country with scarce resources, South Korea relies on imports for many of its products and resources. Coupled with the impact of last year's epidemic, the prices of many imported products in South Korea have continued to rise.

 

The Korea Consumer Citizens Association announced on the 23rd that it had conducted a survey on the prices of 24 commodities (average prices in department stores, hypermarkets, supermarkets, etc.) in major cities in 10 countries and regions. The final results showed that the prices of 9 categories, such as livestock and fruits, were the highest in Korea, and the prices of these 9 commodities in Korea were more than 1.5 times higher than the average prices in the 10 countries and regions .

 

World livestock price rankings


Among them, the price of domestic beef ( 1kg) is 148,000 won, 2.8 times the average price, which is the largest difference. For example, imported beef (1kg) from Australia is sold at 65,000 won , 1.6 times the average price ; domestic pork (1kg) is sold at 37,000 won, 2.3 times the average price , ranking first in the world.

 

In addition, due to the low domestic self-sufficiency rate, South Korea also relies on imports for fruits, so the overall price of imported fruits is much higher than the international price.

 

Among the 10 countries, 8 imported fruits (banana, pineapple, grapefruit, mango, ruby, lemon, orange, kiwi) ranked first or second. Among them , bananas, pineapples, grapefruits and mangoes are the most expensive in South Korea !

 

Imported fruit price ranking


The price of a bunch of bananas in South Korea is 13,200 won, which is 1.6 times the average price of the 10 countries/regions . This is a 99.1% increase compared to the price in 2015, the largest price change among the surveyed varieties.

 

A pineapple costs 6,381 won, 1.6 times the average price , a grapefruit costs 3,015 won, 1.8 times the average price , and a mango costs 6,834 won, 2.6 times the average price .

 

In addition to the high prices of these imported products, the prices of other Korean products such as grains and processed goods have also risen sharply. Therefore, it is necessary for the Korean government to formulate relevant price stabilization policies and further stabilize the supply and prices of domestic goods by improving the circulation structure.

South Korea

Imported products

price

<<:  What exactly is affiliate marketing? Even SHEIN is doing it?

>>:  Russian Internet giant Yandex invests $500 million to increase e-commerce investment

Recommend

What is Tinkoff Bank? Tinkoff Bank Review, Features

Tinkoff Bank is an online ecosystem based on fina...

Attention! Black Friday/Cyber ​​Monday Deals Submission Window Closes Soon

Recently, Amazon UK issued a new announcement, st...

Accelerate the approval! Japan officially completes the RCEP approval process

The Japanese Senate approved the Regional Compreh...

What is Olsam? Olsam Review, Features

Olsam is a technology-driven consumer products com...

What is Moda Operandi? Moda Operandi Review, Features

Moda operandi is an American luxury e-commerce co...

Ozon opens sorting center in Belarus

Ozon opened a sorting center in Belarus and launc...

What is Food Basics? Food Basics Review, Features

Food Basics is a Canadian discount supermarket cha...

Capturing the joy of childhood, CAMP launches children's e-commerce platform

As shopping moves online and cash becomes less av...

What is Seller-Online? Seller-Online Review, Features

Seller-Online is an association of craftsmen from ...

Malaysian sellers grew 130%! Amazon provides more help to merchants

In recent years, the e-commerce industry has been...

What is Ansu Freight? Ansu Freight Review, Features

Ansu Freight is an international logistics company...

What is Shopibar? Shopibar Review, Features

Shopibar was founded in 2016 and was formerly a co...

What is ePay.bg? ePay.bg Review, Features

<span data-docs-delta="[[20,{"gallery"...