Chuseok Ancestral Rite Table Setting Cost at Large Marts 342,000 Won... Up 9% Compared to Last Year

Korea Agro-Fisheries & Food Trade Corporation Investigates 28 Essential Items
Purchasing at Traditional Markets Costs 244,000 Won

[Sejong=Asia Economy Reporter Kim Hyunjung] The Korea Agro-Fisheries & Food Trade Corporation (aT) conducted a survey on the cost of setting up a Chuseok ancestral rite table about a week before the holiday. The results showed that traditional markets cost 244,000 KRW, while large retail stores cost 342,000 KRW, marking increases of 2.1% and 0.2% respectively compared to the previous week. Compared to last year, the cost of setting up the ancestral rite table this year rose by 8.2% in traditional markets and 9.1% in large retail stores.

This survey was conducted by aT on September 23, following previous surveys on September 9 and 16, covering 28 Chuseok seasonal items across 18 traditional markets and 27 large retail stores in 19 regions nationwide.

Compared to last week in traditional markets, the price of cabbage increased due to a shift in the main variety from Wonhwang to Singo, caused by poor crop conditions affecting supply. Prices of wild products such as chestnuts and jujubes fell due to the concentrated release of new harvests and government stockpiles, while beef prices remained stable.

The government is offering gift sets with a variety of price ranges focusing on fruits and livestock products that see high demand during the holiday, sold through organizations such as Nonghyup and Chukhyup. Additionally, to support farmers whose incomes have been affected by prolonged monsoons and typhoon damage, the gift limit for agricultural and livestock products under the Improper Solicitation and Graft Act has been raised from 100,000 KRW to 200,000 KRW for this Chuseok only, and a campaign to send holiday gifts made from domestic agricultural and livestock products is underway.

Lee Ki-woo, Director of Supply and Demand at aT, stated, "This year, poor crop conditions due to weather have raised concerns about the supply of Chuseok seasonal products. We are making every effort to manage the supply of key seasonal products through the joint public-private Chuseok Seasonal Product Supply Stabilization Task Force."

Information on the cost of traditional and simplified ancestral rite tables can be found on the aT Agricultural Product Distribution Information website, and information on offline markets such as direct transaction markets is available on the Baro Information website.

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