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Why are vitamins so pricey?

 
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Adventurer



Joined: 28 Jan 2006

PostPosted: Fri Jan 12, 2007 8:45 am    Post subject: Why are vitamins so pricey? Reply with quote

There is a supplement that I like that would cost 8.99 back in the U.S. and to get even with a 20% discount with a GNC card would cost me about 22,000 won is more than 2 1/2 times the price. Would the FTA reduce the price of vitamins?
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Demonicat



Joined: 18 Nov 2004
Location: Suwon

PostPosted: Fri Jan 12, 2007 4:24 pm    Post subject: Reply with quote

Doubtful. First remember, the basic rule of capitalism- supply and demand. Next, consider that this is Korea, so rule #1 is null and void, as here Prestige=demand. Vitamins are considered odd and prestigious, thus the prices go high. Heck, consider the sad sory of protien powder, a staple to many athletes. In the western world (as well as south asia) it costs around $20 for 2 Kilos, here it costs $140 for the same amount- of a LOCAL brand.
Hit up www.mass119.com or www.bodybuilding.com iof you can't read Korean
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jajdude



Joined: 18 Jan 2003

PostPosted: Sat Jan 13, 2007 3:35 am    Post subject: Reply with quote

I bought a bottle of "Centrum" 100 multivitamins once for 15,000 won I believe. Not so expensive really. I think it was in Namdeamun Market, years ago.
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ulsanchris



Joined: 19 Jun 2003
Location: take a wild guess

PostPosted: Sat Jan 13, 2007 8:54 pm    Post subject: Reply with quote

that bottle of centrum is now over 20,000 won. compare that to the less than 10 dollars i paid for the same bottle in canada a couple of months ago.
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SarcasmKills



Joined: 07 Apr 2003
Location: Seoul

PostPosted: Sat Jan 13, 2007 9:07 pm    Post subject: Reply with quote

ulsanchris wrote:
that bottle of centrum is now over 20,000 won. compare that to the less than 10 dollars i paid for the same bottle in canada a couple of months ago.


16,000 at Red Door
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daninkorea



Joined: 06 Sep 2005
Location: Seoul

PostPosted: Sun Jan 14, 2007 1:57 am    Post subject: Reply with quote

You should look at mass119.com i buy training supplemements there and they are usually the same price as websites in the US.
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JeJuJitsu



Joined: 11 Sep 2005
Location: McDonald's

PostPosted: Sun Jan 14, 2007 2:36 am    Post subject: Reply with quote

Sure, vitamins might be cheap if you can find them at one of the markets if you're lucky for 20,000, but at the Emart, expect to pay 40,000 - 70,000 depending on the vitamins you want.

Why? As most things that don't make sense economically in Korea (subways stopping at 11:30pm?wtf?) I always assumed a Chaebol bribe by the vitamin drink manufacturers like Vita500 paying off the right people.
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Dev



Joined: 18 Apr 2006

PostPosted: Sun Jan 14, 2007 3:47 am    Post subject: Reply with quote

Costco Korea has cheap vitamins.
I got a 400 caplet bottle of multivitamins for 15,000.
Thank God for Costco!

As for the OP's question, vitamins are expensive here for the same reason tothbrushes are $4 each in Canada. People are willing to pay it.
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Hollywoodaction



Joined: 02 Jul 2004

PostPosted: Sun Jan 14, 2007 9:56 am    Post subject: Reply with quote

Dev wrote:
Costco Korea has cheap vitamins.
I got a 400 caplet bottle of multivitamins for 15,000.
Thank God for Costco!

As for the OP's question, vitamins are expensive here for the same reason tothbrushes are $4 each in Canada. People are willing to pay it.



I think those are long gone. I paid 19000 for 180 a month ago.
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DHC



Joined: 15 Jan 2003

PostPosted: Sun Jan 14, 2007 1:02 pm    Post subject: Reply with quote

My wife owns a pharmacy and there is a simple reason why vitamins are expensive. Vitamins are not coved by KR national insurance. Many other drugs which are expensive in the US are very cheap here because they are covered by the national insurance plan.
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huck



Joined: 19 Jan 2003

PostPosted: Sun Jan 14, 2007 3:16 pm    Post subject: Reply with quote

But vitamins aren't covered by health insurance back home, so shouldn't they be the same price then?
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Hollywoodaction



Joined: 02 Jul 2004

PostPosted: Sun Jan 14, 2007 7:36 pm    Post subject: Reply with quote

huck wrote:
But vitamins aren't covered by health insurance back home, so shouldn't they be the same price then?


Exactly. The government has set up duties that limit the amount of vitamins that a person can import for personal use. They've also made it difficult for a non-pharmaceutical company to import vitamins. In the absence of competition, the pharmaceutical companies charge whatever they want to the distributers, who in turn overcharge the retailers who simply don't carry the volumes you'd see back home, therefore can't afford to make many discounts. Just look at the price of other medication, such aspirin and tylenol. Those are also quite expensive here.
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