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Adventurer

Joined: 28 Jan 2006
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Posted: Fri Jan 12, 2007 8:45 am Post subject: Why are vitamins so pricey? |
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| 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
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Posted: Fri Jan 12, 2007 4:24 pm Post subject: |
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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
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Posted: Sat Jan 13, 2007 3:35 am Post subject: |
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| 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
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Posted: Sat Jan 13, 2007 8:54 pm Post subject: |
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| 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
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Posted: Sat Jan 13, 2007 9:07 pm Post subject: |
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| 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
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Posted: Sun Jan 14, 2007 1:57 am Post subject: |
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| 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
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Posted: Sun Jan 14, 2007 2:36 am Post subject: |
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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
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Posted: Sun Jan 14, 2007 3:47 am Post subject: |
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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
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Posted: Sun Jan 14, 2007 9:56 am Post subject: |
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| 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
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Posted: Sun Jan 14, 2007 1:02 pm Post subject: |
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| 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
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Posted: Sun Jan 14, 2007 3:16 pm Post subject: |
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| 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
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Posted: Sun Jan 14, 2007 7:36 pm Post subject: |
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| 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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