Homeplus "This Year's Lunar New Year Ancestral Rite Cost for a Family of Four: 210,000 to 430,000 Won"

[Asia Economy Reporter Seungjin Lee] An analysis has emerged that the cost of a Lunar New Year ancestral rite table for a family of four will range from approximately 210,000 to 430,000 KRW.

Homeplus announced on the 16th that, after investigating the selling prices of 25 ritual food items selected by the Korea Consumer Agency (based on Homeplus online mall prices as of the 15th), the cost of a ritual table for a family of four showed more than double the difference, ranging from a maximum of 435,462 KRW to a minimum of 214,886 KRW.

By item category, livestock and seafood showed the largest price gap, with a difference of seven times between the highest and lowest prices. The main reasons were origin and grade, but even domestically produced items varied in price depending on storage or processing methods.

Fruits showed up to a 35% difference depending on variety, production area, crop yield, and fruit size. Vegetables showed up to a 44% difference, while other products such as flour, cooking oil, and rice cake soup rice cakes had an average maximum difference of 28%. Even tofu showed nearly a twofold difference depending on the origin of soybeans, despite being from the same manufacturer.

Meanwhile, Homeplus is holding a ‘Practical Ritual Food Items Fair’ at nationwide stores and online mall until the 26th. During this period, they will sell items such as first-grade or higher Korean beef soup cuts, ritual apples, and sweet rice drink (Sikhye) at affordable prices. Additionally, they will introduce ‘Signature’ ready meals that can reduce the burden of preparing holiday food.

Lee Changsoo, Chief Marketing Officer of Homeplus, said, “We have prepared a variety of practical food items to reduce the price burden during the Lunar New Year, which is the time of year with the highest spending.” He added, “We will continue to contribute to stabilizing grocery prices, focusing on essential daily goods that are indispensable in the lives of ordinary people.”

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