NongHyup Distribution Ends 875 Won Discount Event for Green Onions... Price Raised to 960 Won

Limited to 7 stores including Hanaro Mart Yangjae Branch
Other stores sell at 2,200 KRW
Green onion prices to be adjusted again next month

Nonghyup Distribution is selling a bundle of green onions (1 kg) for 960 won until the 30th at seven Hanaro Mart branches it operates. This marks a price increase of 85 won (9.7%) after more than a month of a 875 won discount promotion. Previously, political controversy arose when President Yoon Seok-yeol visited on the 18th of last month to check consumer prices, and the green onion bundle was sold at 875 won.

According to the industry on the 26th, seven Nonghyup Hanaro Mart stores?Yangjae, Changdong, Suwon, Goyang, Seongnam, Cheongju, and Ulsan?have been selling a bundle of green onions for 960 won since the day before. This price reflects government support for supply prices and will be maintained until the 30th. It is 1,424 won (59.7%) cheaper than the average retail price of 2,384 won per 1 kg of green onions as of the previous day, which can be confirmed through the Korea Agro-Fisheries & Food Trade Corporation (aT).

President Yoon Suk-yeol is conducting an on-site inspection of vegetable prices, including green onions, at the Nonghyup Hanaro Mart Yangjae branch vegetable section in Seocho-gu, Seoul, on the 18th of last month.
[Image source=Yonhap News]

Except for the seven stores including Yangjae, Nonghyup Distribution sells a bundle of green onions for 2,200 won at other Hanaro Mart locations. This is also about 7.7% cheaper than the average retail price. These other stores plan to maintain this price until the 1st of next month.

This is the first price adjustment for green onions by Nonghyup Distribution in 38 days. Initially, Nonghyup Distribution planned to sell a bundle of green onions for 875 won for three days starting from the 18th of last month, when President Yoon visited the Hanaro Mart Yangjae branch. However, political controversy erupted as President Yoon praised the green onion price as a "reasonable price." This ignited disputes between ruling and opposition parties ahead of the April 10 general election.

As controversy over the green onion price spread mainly in political circles, Nonghyup faced criticism that the price discount event was a showy gesture timed with the presidential visit, and seemingly aware of this, extended the discount period three times in total. This green onion discount event ended on the 24th.

Nonghyup Distribution plans to adjust the green onion price again next month. Whether the price will increase has not yet been decided. A Nonghyup Distribution official said, "The detailed budget will be decided by Nonghyup Economic Holdings," and added, "We expect to know the selling price around next week."

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