Tax Exemption on Processed Food Products... Homeplus Offers Discounts on Kimchi, Gochujang, and More

Up to 50% Discount Event on Fresh Foods and More

Models are showcasing discounted products at Homeplus Gangseo branch in Seoul, following the government's VAT exemption policy on simply processed food products.

[Asia Economy Reporter Lim Chun-han] Homeplus announced on the 30th that starting from the 1st of next month, it will offer discounts exceeding the tax exemption amount on items subject to the government's value-added tax exemption for simply processed food products such as kimchi and gochujang.

Homeplus will provide discounts of 10% or more on 323 simply processed food items, including kimchi varieties, doenjang, gochujang, soy sauce, ssamjang, fish sauce, pickled products, and salted seafood.

Homeplus will also run an urgent price stabilization project until the 6th of next month, offering fresh foods and fresh processed foods at discounts of up to 50%. Canadian chilled pork belly, neck meat, and pork jowl will be discounted by up to 40%. U.S. prime chuck eye roll and all Nonghyup Ansim Hanwoo beef products will be offered at a 30% discounted price.

Dangdang fried chicken and sweet seasoned chicken, which adhere to the principle of same-day sales, will be offered at 6,500 KRW and 7,500 KRW per piece, respectively, and 12 types of oils will be sold at discounts of up to 40%. All Fresh Farm watermelons can be purchased at a 3,000 KRW discount when paying with event cards.

A Homeplus representative said, “In response to the tax exemption transition for individually packaged processed foods such as bottles, cans, and pouches, we promptly lowered sales prices so that customers can feel the benefits,” adding, “We will continue to mobilize the full capabilities of large marts at the forefront of price defense to help reduce customers' grocery expenses.”

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