Prices of 16 Major Commodities Down 2.5%...Finance Vice Minister Says "Managed Lower Than Last Year"

Vice Minister Bang Gi-seon Visits Nonghyup Anseong Logistics Center

[Asia Economy Sejong=Reporter Lee Jun-hyung] Bang Gi-seon, the 1st Vice Minister of the Ministry of Economy and Finance, announced that the prices of 16 major holiday goods will be managed at levels lower than last year ahead of the Seol holiday.

On the 12th, Vice Minister Bang visited the Nonghyup Anseong Agro-Food Logistics Center located in Anseong, Gyeonggi Province, and said, "Prices of agricultural, livestock, and fishery products are stabilizing due to policy efforts and improved supply conditions." According to the Ministry of Economy and Finance, as of the previous day (the 11th), the average price of the 16 major holiday goods fell by 2.5% compared to last year's Seol holiday.

The decline in the average price of the 16 major holiday goods is the result of the government's 'Seol Livelihood Stabilization Measures' launched on the 4th of this month. The core of the government’s measures includes supplying 208,000 tons of holiday goods and providing discount support worth 30 billion won. The government began full-scale supply of holiday goods last week and supplied 97,000 tons as of the 10th.

On the same day, Vice Minister Bang also checked the supply and price trends of Seol holiday goods at the Nonghyup logistics center. He personally participated in the packaging of apple and pear gift sets and listened to on-site opinions regarding the supply and demand status of holiday goods.

Vice Minister Bang also emphasized the importance of the 'Advanced Agricultural Product Distribution Structure Plan.' Previously, the government announced the plan to reduce agricultural product distribution costs and is promoting the launch of an online agricultural product exchange. Vice Minister Bang said, "We will maintain vigilance until the end of the Seol holiday period and respond with full force to stabilize the prices of holiday goods."

Lunar New Year Seasonal Products Discount Sale
(Seoul=Yonhap News) Jin Yeon-su reports = On the 12th, a citizen shopping at Lotte Mart Seoul Station branch in Jung-gu, Seoul. Lotte Mart will offer discounts mainly on Korean beef, yellow croaker, and pancake mix, which were popular among customers during the last Lunar New Year holiday, to stabilize prices of seasonal products until the 18th. 2023.1.12
jin90@yna.co.kr
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