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