This Year's Seoul Chuseok Table Setting Cost, Traditional Markets 240,000 Won

Decrease Compared to Previous Year

The Seoul Agricultural and Marine Products Corporation announced on the 12th the results of a survey on the cost of setting up a 2023 Chuseok ancestral rite table, conducted at a total of 25 locations including traditional markets, large supermarkets, and Garak Mall in Garak Market across 8 autonomous districts in 5 living zones within Seoul to provide helpful information for economical Chuseok holiday shopping.

In this survey, on the 8th, the Seoul Price Survey Monitoring Team directly visited 16 traditional markets including Yongsan-gu Yongmun Market, 8 large supermarkets such as E-Mart, and Garak Mall in Garak Market to investigate the purchase costs of major seasonal products for the Chuseok ancestral rite table.

As a result of the survey, the purchase cost at large supermarkets this year was 280,581 KRW, down 8.7% compared to the previous year, and the purchase cost at traditional markets was 237,381 KRW, down 2.4% compared to the previous year. It was found that traditional markets are about 15% cheaper than large supermarkets.

The purchase cost at Garak Mall, located in Garak Market where the cost price is low, was 215,600 KRW, which was 9% and 23% lower than traditional markets and large supermarkets, respectively.

The price outlook for agricultural, livestock, and marine products this Chuseok (based on Garak Market) expects stability due to government policies to stabilize prices such as expanding the supply of seasonal products. However, due to recent abnormal weather phenomena such as heavy rain and high temperatures, the crop conditions of fruits and vegetables in production areas are not good, and some items are expected to be stronger in price compared to normal years.

Considering the high possibility of price fluctuations for seasonal Chuseok products, the corporation plans to continuously provide prices and transaction trends of major consumer items on its website until the Chuseok holiday. In addition, various content such as transaction trends of Chuseok seasonal products at Garak Market (Garak Mall) will be provided through the corporation’s YouTube channel.

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