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Kimchi Inflation
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Vagabundo



Joined: 26 Aug 2010

PostPosted: Mon Oct 04, 2010 2:10 am    Post subject: Reply with quote

funny.

Korea is surrounded by all kinds or arable farmland.
Plenty in China, and even more in SE Asia.
Shipping distances by global standards aren't too bad, and with China you can throw a rock across the Yellow Sludge,, I mean Sea, and it will splash near Dalian.


having other places that grow things smooths out bad weather and other crop failure abonormalities. No country on Earth would tolerate a TENFOLD plus increase in the price of a basic foodstuff.

of course this is Korea where the illogical becomes perfectly logical.

I read somewhere that Koreans are afraid of Chinese cabbage the same way they;re afraid of American beef.
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tanklor1



Joined: 13 Jun 2006

PostPosted: Mon Oct 04, 2010 3:42 am    Post subject: Reply with quote

I'm looking forward to the candlelight vigils for the Cabbage imported from China.
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Stan Rogers



Joined: 20 Aug 2010

PostPosted: Mon Oct 04, 2010 6:48 am    Post subject: Reply with quote

Just saw on the Korean news tonight an old man was arrested for stealing cabbage because he wanted to have kimchi.
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Wishmaster



Joined: 06 Feb 2003

PostPosted: Mon Oct 04, 2010 6:53 am    Post subject: Reply with quote

Hilarious. Now they have to pay out the nose to get their beloved kimchi. Pretty funny. Again, maybe they shoud, I don't know, diversify and try to get away from eating that stuff that causes stomach cancer. Crying over kimchi...LOL
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cdninkorea



Joined: 27 Jan 2006
Location: Seoul

PostPosted: Mon Oct 04, 2010 3:14 pm    Post subject: Reply with quote

sublunari wrote:
So this is where the artificial inflation is coming from? Three Koreans have already talked about this with me and for the first time ever we didn't have kimchi at lunch today. It doesn't seem to have struck anyone that this price increase probably has nothing to do with either increased demand or decreased supply.

It's scarcity- apparently the terrible weather caused bad crops. I don't think it's artificial inflation.
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redaxe



Joined: 01 Dec 2008

PostPosted: Mon Oct 04, 2010 3:23 pm    Post subject: Reply with quote

cdninkorea wrote:
sublunari wrote:
So this is where the artificial inflation is coming from? Three Koreans have already talked about this with me and for the first time ever we didn't have kimchi at lunch today. It doesn't seem to have struck anyone that this price increase probably has nothing to do with either increased demand or decreased supply.

It's scarcity- apparently the terrible weather caused bad crops. I don't think it's artificial inflation.


Well it's that, but it's also this

Quote:
On Friday, the Blue House announced sweeping plans to counter the skyrocketing produce prices. The government will temporarily eliminate the 30 percent tariff on Napa cabbages and 27 percent tariff on white radishes. Additionally, the Korea Agro-Fisheries Trade Corporation will import 100 tons of cabbage and 50 tons of radishes from China this month, the first time a Korean government agency has imported produce directly.
http://www.csmonitor.com/World/Global-News/2010/1004/South-Korea-s-kimchi-crisis


This is exactly what's wrong with Korea's economy. It's too small and too protectionist, so when they have a shortage of something within their own tiny economy, the prices instantly skyrocket.

If they just practiced free trade in the first place, none of this would have happened. But apparently Koreans only want to eat Korean cabbage.
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interestedinhanguk



Joined: 23 Aug 2010

PostPosted: Mon Oct 04, 2010 3:36 pm    Post subject: Reply with quote

redaxe wrote:


If they just practiced free trade in the first place, none of this would have happened. But apparently Koreans only want to eat Korean cabbage.


Korean cabbage is very healthy food. Chinese cabbage is oily.
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redaxe



Joined: 01 Dec 2008

PostPosted: Mon Oct 04, 2010 3:40 pm    Post subject: Reply with quote

interestedinhanguk wrote:
redaxe wrote:


If they just practiced free trade in the first place, none of this would have happened. But apparently Koreans only want to eat Korean cabbage.


Korean cabbage is very healthy food. Chinese cabbage is oily.


lol

yeah, actually there was a huge scare in 2005 when imported Chinese kimchi was reported to contain "parasite eggs"
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Vagabundo



Joined: 26 Aug 2010

PostPosted: Mon Oct 04, 2010 7:36 pm    Post subject: Reply with quote

interestedinhanguk wrote:
redaxe wrote:


If they just practiced free trade in the first place, none of this would have happened. But apparently Koreans only want to eat Korean cabbage.


Korean cabbage is very healthy food. Chinese cabbage is oily.


precisely correct. Korean cabbage is grown on hanguk soil, while the Chinese cabbage is grown on polluted industrial wasteland.

you can't really put a price on that, can you?

(forward to Master Card commercial involving Korean kimchi)
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Konglishman



Joined: 14 Sep 2007
Location: Nanjing

PostPosted: Mon Oct 04, 2010 8:41 pm    Post subject: Reply with quote

This reminds of the scene in the movie "Airplane" when everyone goes wild after being told that there is no more coffee left.
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Stan Rogers



Joined: 20 Aug 2010

PostPosted: Mon Oct 04, 2010 8:56 pm    Post subject: Reply with quote

Konglishman wrote:
This reminds of the scene in the movie "Airplane" when everyone goes wild after being told that there is no more coffee left.


LOL. No coffee in South Korea would get the same result.
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DeMayonnaise



Joined: 02 Nov 2008

PostPosted: Mon Oct 04, 2010 9:00 pm    Post subject: Reply with quote

Just 20 minutes ago my coteacher complained about Chinese cabbage, saying it's no good.

I think it's probably better that Koreans care so much about where their food comes, rather than Americans being blissfully ignorant about it.
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Konglishman



Joined: 14 Sep 2007
Location: Nanjing

PostPosted: Mon Oct 04, 2010 10:05 pm    Post subject: Reply with quote

Stan Rogers wrote:
Konglishman wrote:
This reminds of the scene in the movie "Airplane" when everyone goes wild after being told that there is no more coffee left.


LOL. No coffee in South Korea would get the same result.


Here is a youtube link to the scene that I was referring to.
http://www.youtube.com/watch?v=YjALX90wrA0
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happiness



Joined: 04 Sep 2010

PostPosted: Mon Oct 04, 2010 10:30 pm    Post subject: Reply with quote

Back in the 60s, when President Park outlined the 8 things for Koreans to be proud of, when they probably were the least interested in their country, kimchi is the easiest to love becuase its instantly tangible. Baekusan, taeknowdo, and the rest is a little too impersonal, but moms kimchi, thats right there. Theyve had chinese kimchi, american beef, etc forever, they just werent told and they ignored it. Tons of places of US beef, and soon, theyll forget its chinese cabbage, because korean cabbage will be too pricey, and itll be back to kimchi no. 1!
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Kimchifart



Joined: 15 Sep 2010

PostPosted: Mon Oct 04, 2010 10:35 pm    Post subject: Reply with quote

Quote:
And on Monday, the Seoul city government began a kimchi bailout program, in which it is absorbing 30% of the cost of about 300,000 heads of cabbage it has purchased from rural farmers so it can be sold for less to consumers.


Sigh, suck it up.
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