'Imported Galbi Is Also Expensive' Commoners Sigh... Supermarket Launches Large-Scale Discount Event
[Asia Economy Reporter Cha Min-young] As global demand for beef and pork surges, domestic prices for imported meat have also risen. In response, "Good Galbi," a product with significantly reduced prices through advance planning, is being sold.
Homeplus announced on the 8th that it will hold a "Galbi Festival" for three weeks from the 9th to the 25th at nationwide stores and its online mall to stabilize galbi prices, which see high demand during holidays.
According to the UN Food and Agriculture Organization's Global Food Price Index, meat prices in November recorded 190.5 points, a 20% increase compared to the same period last year (160.0 points). This is largely due to China, the world's largest pork producer and consumer, reducing production because of African Swine Fever while significantly increasing imports. Consequently, prices for pork as well as substitute imported beef are rising sharply.
In response, Homeplus carefully selected USDA Choice grade American beef and Australian beef raised in clean regions, securing over 300 tons of stock through advance planning to offer affordable prices for three weeks.
Until the 15th, My Homeplus members can purchase American LA-style flower galbi (frozen, 2.3kg, pack, originally 70,900 KRW) for 66,900 KRW, Australian LA-style flower galbi (frozen, 2.3kg, pack, originally 71,900 KRW) for 67,900 KRW, and American and Australian steamed galbi (frozen, 2.3kg, pack, originally 59,900 KRW) for 55,900 KRW each. Refrigerated meat is also offered at low prices: American Choice steamed galbi (refrigerated, 100g) is 1,790 KRW, and Australian grain-fed steamed galbi (refrigerated, 100g) is 2,090 KRW.
Additionally, marinated galbi products such as Mapo-style handmade pork marinated galbi (900g, 11,900 KRW), Jinjjahandon marinated pork LA galbi (1kg, 12,900 KRW), and marinated boneless pork galbi (1kg, 10,900 KRW) are available. Various vegetables that pair well with meat, including assorted ssam vegetables (bundle, 2,990 KRW), Cheongyang chili peppers (small bundle, 1,500 KRW), and peeled garlic (small bundle, 1,500 KRW), are also sold at low prices.
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Kim Min-sung, a buyer from Homeplus's livestock team, said, "We planned a large-scale advance promotion of galbi, which customers frequently purchase, to reduce the burden of holiday grocery prices during the Lunar New Year, when spending is highest throughout the year. We will continue to offer various meats at affordable prices to contribute to stabilizing holiday prices."
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