Tag: food prices

food prices

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From eggs to samgyetang, an early heat wave is cooking Korea's food prices

Bird-flu culling and a weak won have pushed staples higher as the country braces for an overlap of heavy rain and extreme heat

2026.6.22

Price hikes at franchises prompt Korean consumers to reconsider fast food

Food prices in Korea are starting to rise as high oil prices and a weakening won increase costs for fast food chains that rely on imported ingredients, prompting restaurants to raise menu prices.

2026.3.16

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Lee Doo-won, director-general for economic trends statistics at the Ministry of Data and Statistics, speaks atthe Government Complex Sejong in Sejong on Dec. 2. [NEWS1]

Prices rise 2.4% in November as weak won sends petroleum, food costs soaring

Korea’s consumer prices rose 2.4 percent in November from a year earlier, posting the highest on-year increase of 2025 for a second consecutive month as the weakness of the won sent the prices of imported products soaring.

2025.12.2

Visitors look at items at a traditional market in Seoul on Oct. 2. [YONHAP]

Gov't takes action as rising food prices aggravate inflation's pain

Rising food prices over the past five years have made inflation feel higher for consumers, prompting the government to step in with direct measures.

2025.10.8

Shoppers browse for groceries at a traditional market in Seoul on Sept. 2. [NEWS1]

2-year inflation record averted with 1.7%, but food prices keep rising

Korea’s consumer prices rose 1.7 percent on year in August, the slowest increase in nine months, with a temporary cut in mobile phone charges staving off an inverse outcome of the biggest jump in over two years.

2025.9.2

A shopper buys groceries at a supermarket in Seoul on Sept. 1. [NEWS1]

Household food spending falls to lowest level in nine years amid inflation

Korean households cut back on food and non-alcoholic beverages in the second quarter of 2025, spending less in real terms than at any point in the past nine years.

2025.9.1

Reeling in mackerel prices

A shopper selects mackerel at a large supermarket in Seoul on June 17.

2025.6.17

Green onions are stocked at a supermarket in Seocho District, southern Seoul, on May 6. [YONHAP]

Gov't produce discount to expand to all domestic agricultural products

The government will expand its produce discount program to include all domestic agricultural products starting next Thursday.

2025.5.16

Flour is displayed at a supermarket in Seoul. Korea is highly reliant on imports for flour, only producing around 0.7 percent of the grain that is consumed in the country in a year. [YONHAP]

Food companies struggle to source ingredients as weak won pushes costs

As Korea faces political turmoil, the weakened won is driving up food prices, especially for imported staples like flour and corn. F&B companies are exploring cost-cutting measures to manage rising expenses.

2024.12.9

How to distort a pricing structure

We cannot go on sustaining our society at the expense of the public sector and future generations.

2024.7.3