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dirty_scraps83
Joined: 02 Jul 2007
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 Posted: Mon Feb 18, 2008 6:29 pm Post subject: Inflation rocks the Kimbabnara |
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| Just wondering if anyone else's local Kimbab shop has put up their prices. Mine went from W1000 to W1500 overnight, that's a 50% increase in my breakfast expenditure. Seeing I'm in the last week of my pay cycle and broke, I'll have to take my business elsewhere. |
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nomad-ish
Joined: 08 Oct 2007
Location: On the bottom of the food chain
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| Posted: Mon Feb 18, 2008 6:32 pm Post subject: |
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wow, that's pretty damn broke 
i haven't checked my shop lately... i used to eat kimbap too much so i stopped for the past couple weeks |
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spliff
Joined: 19 Jan 2004
Location: Khon Kaen, Thailand
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| Posted: Mon Feb 18, 2008 6:37 pm Post subject: |
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| Eggs are 4,600 a slab now at my local SM. |
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Return Jones
Joined: 06 Feb 2004
Location: I will see you in far-off places
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| Posted: Mon Feb 18, 2008 6:40 pm Post subject: |
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I noticed that Homever recently jacked-up their prices on a lot of things like yogurt, cereal, milk, vegetables, etc.  |
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dirty_scraps83
Joined: 02 Jul 2007
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| Posted: Mon Feb 18, 2008 6:42 pm Post subject: |
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| Return Jones wrote: |
| I noticed that Homever recently jacked-up their prices on a lot of things like yogurt, cereal, milk, vegetables, etc. |
I hope not by 50% though or the reasons to stay in this country just decreased sizeably. |
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Hater Depot
Joined: 29 Mar 2005
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Whistleblower
Joined: 03 Feb 2007
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| Posted: Tue Feb 19, 2008 2:05 am Post subject: |
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There was a news piece on last night about the price of food increasing. The Korean journalists used the cost of Ramyeun, Rice and Kim to highlight the increase of 12~40% increase.
This is related to the cost of buying these products to make it. They have increased due to the global recession we are having now. Wait till the exchange rates change.
I would rather be here than in the US or the UK.  |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Tue Feb 19, 2008 3:03 am Post subject: |
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| Whistleblower wrote: |
Wait till the exchange rates change.
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What do you mean by this? |
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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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| Posted: Tue Feb 19, 2008 3:20 am Post subject: |
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Korea is quickly becoming a high-cost, low-value, country.
The chaebol are nearing their ultimate goal. Their vision for years has been to sell Koreans low-quality food and goods at high prices. |
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fortysixyou
Joined: 08 Jun 2006
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| Posted: Tue Feb 19, 2008 3:27 am Post subject: |
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| eamo wrote: |
Korea is quickly becoming a high-cost, low-value, country.
The chaebol are nearing their ultimate goal. Their vision for years has been to sell Koreans low-quality food and goods at high prices. |
What's a chabol?
Not being a douche, what is it? |
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eamo
Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.
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| Posted: Tue Feb 19, 2008 3:34 am Post subject: |
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| fortysixyou wrote: |
| eamo wrote: |
Korea is quickly becoming a high-cost, low-value, country.
The chaebol are nearing their ultimate goal. Their vision for years has been to sell Koreans low-quality food and goods at high prices. |
What's a chabol?
Not being a douche, what is it? |
The Chaebol is the collective name for all the big Korean companies. Hyundai, Samsung, Daewoo, Lotte, LG.....and so on.......they basically control Korea. All the politicians are in some way loyal, controlled or simply bribed to do their bidding. They also keep prices of the most commonly bought things nice and high and make sure to not compete with each other too much.
Read all about it...
http://en.wikipedia.org/wiki/Chaebol |
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Otherside
Joined: 06 Sep 2007
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| Posted: Tue Feb 19, 2008 3:35 am Post subject: |
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A Chaebol is a korean multinational with fingers in many pies. Think Samsung or Hyundai. They often also have somewhat shady links with government. If memory serves correctly, wasn't LMB a former Hyundai exec with heavy corruption allegations against them.
I believe the their vision is to sell EVERYONE low-cost goods at high-prices..but to a large degree, that is just business - worldwide. |
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Brady
Joined: 25 Jul 2006
Location: Bucheon
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| Posted: Tue Feb 19, 2008 3:56 am Post subject: |
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| The title of this thread is the greatest thing ever. I can see it on page 1 of the Times. |
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