SEJONG, Jan. 30 (Korea Bizwire) — South Korea saw sharp price increases in food items last year, with fruits and vegetables making up the majority of the top 10 most inflation-affected goods, according to data from Statistics Korea. Among 458 consumer price index items, Asian pears recorded the steepest price hike, soaring 71.9% in 2024 due [...]
SEOUL, May 23 (Korea Bizwire) — Eating-out expenses and prices of processed foods in South Korea have risen significantly over the past year, data showed Wednesday, in an additional burden to local consumers. According to the data from the Korea Consumer Agency, six out of the eight dishes most favored by South Koreans when eating [...]
SEOUL, May 11 (Korea Bizwire) – South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday. The upbeat prediction comes as the Moon Jae-in government is widely predicted to rein in rising food prices [...]