lunchflation Archives | Be Korea-savvy

The Nation Grapples with Rising Dining Costs as ‘Lunchflation’ Persists

SEOUL, Jan. 14 (Korea Bizwire) — South Korea continues to face mounting dining costs for the third consecutive year as high inflation, currency volatility, and rising interest rates drive food prices upward. From popular dining options to workplace cafeterias and convenience store meals, prices have surged, intensifying the so-called ‘lunchflation’ phenomenon. According to data from Statistics [...]

‘Lunchflation’ Increases Public Frustration

SEOUL, May 27 (Korea Bizwire) — Inflation is resulting in higher lunch prices, prompting some to coin a new word “lunchflation” to describe the phenomenon. The Korea Consumer Agency reported that the price of “naemgnyeon,” cold buckwheat noodles served in various types of broth or mixed with spice, reached an average of 10,192 won as [...]