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To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses

The Edge Markets LogoThe Edge Markets4 mo ago

To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses - The Edge Markets

Quick Summary:

Chinese imports, often priced at about a third of locally made kimchi, have surged over the past two decades to account for 40% of the domestic market for commercially made kimchi.

Korean kimchi makers are hoping the government's plan will at least prevent home-grown producers from losing further ground.

According to an official at the Hanaro Mart supermarket chain, sales of ready-made kimchi have climbed 20% since August compared to the same period from a year earlier.


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To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses - The Edge Markets (Picture 1)

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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-30 @ 02:56:13 (4 months ago)

News Timezone: GMT +8:00

Ranking: #2292 (out of 3338 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 631712

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 12 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 9 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

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The story "To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses" was covered 4 months ago by The Edge Markets, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/to-tackle-a-kimchi-crisis-16645067466443

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