Seol Charyesang Table Setting, Traditional Market 187,718 Won... 15% Cheaper Than Large Mart

Large Mart 220,559 Won
Price Increase in Vegetables such as Radish and Albaek Cabbage
Price Decrease in Fruits such as Apples and Pears

[Asia Economy Reporter Hyunju Lee] The Seoul Agricultural and Marine Products Corporation announced on the 14th the cost of setting up a traditional Lunar New Year table this year, surveying a total of 76 locations including traditional markets in 25 districts of Seoul, large supermarkets, and Garak Mall within Garak Market.

On the 7th, a team of 25 Seoul price survey monitors visited 50 traditional markets in Seoul (2 per district) and 25 large supermarkets (1 per district) to directly investigate the retail prices of major Lunar New Year seasonal products.

As a result of investigating 36 major items with high demand during Lunar New Year amid a trend toward simplification, the purchase cost at traditional markets was 187,718 KRW, up 5.4% compared to the previous year, while the purchase cost at large supermarkets was 220,559 KRW, down 1.6% from the previous year. Traditional markets were about 15% cheaper than large supermarkets.

The price increase was relatively large for vegetables such as radish and small napa cabbage, and prices also rose for some seafood like squid and processed foods. Most fruits, including apples, pears, and persimmons, decreased in price.

The purchase cost at Garak Mall within Garak Market was 170,210 KRW, which was 9% and 23% lower than traditional markets and large supermarkets, respectively.

Considering the high price volatility of Lunar New Year seasonal products, the corporation plans to provide continuous updates on the price index and transaction trends of major items on its website until before the Lunar New Year.

This content was produced with the assistance of AI translation services.