Tag: Costs

Costs

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Standard plastic garbage bags are seen at a large supermarket in Seoul on March 30. [NEWS1]

Gov't mulls nationwide garbage bag purchase limits as hoarding persists

The government is considering limiting the number of standard plastic garbage bags each person can buy. The move comes as hoarding persists despite earlier purchase limits by local governments.

2026.4.1

Moviegoers are seen at a cinema in Yongsan District, central Seoul on March 8. [NEWS1]

Nearly half of moviegoers cut cinema visits citing cost as primary factor: survey

Nearly half of moviegoers reduced cinema visits over the past year due to a variety of factors, including rising costs and the growing appeal of streaming services, a recent survey showed Thursday.

2026.3.19

Most popular

A Samsung Electronics flag flies in front of the company's building in Seocho District, southern Seoul, on Jan. 29. [YONHAP]

Cost pressures intensify for electronics manufacturers due to memory prices, Middle East tensions

Electronics manufacturers are experiencing cost pressure as the trifecta of higher memory prices, rising logistics costs tied to Middle East tensions and union wage demands converge.

2026.3.17

Two dogs are seen next to pet products at the Christmas Seoul Pet Show at Setec in Gangnam District, southern Seoul, on Dec. 12, 2025. [NEWS1]

'Petflation' expected to worsen in 2026, though gov't plans to offer owners financial support

As more Koreans welcome pets into their homes, a new kind of inflation is hitting households — and it barks. The rising cost of raising pets is squeezing wallets in a phenomenon dubbed “petflation,” a portmanteau of “pet” and “inflation.”

2026.1.9

Containers carrying items for export are piled up at a port in Pyeongtaek, Gyeonggi, on Aug. 17. [NEWS1]

Container shipping costs to U.S. decline in July amid trade slowdown

Container shipping costs from Korea to the United States declined last month, largely due to a decrease in trade volume influenced by U.S. tariff policies, the Korea Customs Service said on Monday.

2025.8.18

What's the cost of tying the knot? Depends on where you're getting married.

The average cost of a wedding in Korea slightly exceeded 20 million won ($14,370) last month, with per-guest meal prices reaching as high as 83,000 won in Seoul’s Gangnam district.

2025.7.29

LG Uplus sees 8.3% decrease in Q3 net profit on electricity costs

LG Uplus, a mobile carrier, said its third-quarter net profit decreased 8.3 percent on year despite overall growth in sales due to increased operating costs, such as electricity rates, in particular.

2023.11.7

We knead the dough

A pizza restaurant in downtown Seoul on Monday, highlighting the 12.3 percent inflation rate for pizza in September compared to the same month last year, the largest rate among the dining sector items.

2023.10.9

Choi Sang-mok, senior presidential secretary for economic affairs, speaks during a press briefing at the presidential office in Yongsan District, central Seoul, on Thursday. [YONHAP]

Gas bill vouchers, discounts to be provided to households in need in Korea

Vouchers and discounted gas rates will be provided to lift the burden of heating costs for the socially vulnerable, the presidential office announced Thursday. The announcement was made Thursday morning during a briefing at the presidential office...

2023.1.26

Not so cheap

A fish bread vendor is seen on a street near Namdaemun Market in Jung District, central Seoul, on Thursday, as the price of fish bread is rising due to rising food costs.

2022.12.15