The Korea Price Association reports that the cost of kimchi-making for a family of four will be 420,000 KRW, which is 20% higher than last year

The Korea Price Association reports that the cost of making kimchi for a family of four has increased by approximately 20% compared to last year, due to a significant rise in the prices of key ingredients such as cabbage and radish. This increase is attributed to reduced production caused by a heat wave. However, the prices of some other ingredients like green onions and ginger have seen a decrease. The government is planning to subsidize up to 40% of the costs of agricultural products and up to 50% of seafood products to offset the high prices for consumers during the kimchi season. The association predicts that the cost of kimchi may further decrease in the future as cabbage prices begin to stabilize.

(Seoul = Yonhap News) Reporter Shin Seon-mi = Due to the strong prices of vegetables such as cabbage and radish, an analysis has been released that the cost of making kimchi this year is about 20% higher than last year. The Korea Price Association, a price research organization, announced on the 30th that as of the 29th, it investigated the prices of 15 kimchi ingredients at traditional markets in 17 cities and provinces and found that the cost of making kimchi for a family of four was 419,130 won, a 19.6% increase from a year ago. An official from the Price Association said, "It was analyzed that the prices of the main ingredients, cabbage and radish, rose by more than 60% compared to a year ago, leading the overall cost increase." The average retail price of cabbage was 7,050 won per head, which was more expensive than the association's November forecast of 5,300 won. This is 61.1% higher than the price a year ago. The retail prices of radish and water parsley also rose by ...