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willardmusa
Joined: 28 May 2006
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Posted: Sat Aug 05, 2006 6:01 pm Post subject: SUBWAY in Jongno hikes prices by 16% |
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Sunday morning and I'm passing by the Jongno SUBWAY shop (near the YMCA) and pop my head in just to see if they had raised prices since I was last in there about maybe three weeks ago. And, yep . . . and even more than they had raised them in Bundang a couple of months ago.
For comparison, the Turkey Breast, 30 cm was KW6,100 just three weeks ago. Now it is KW7,200. (Last I checked in SeoHyeon - - the one at the 9401, 9000, 90001, 9403 bus stop - - it was still KW6,900, up from the original KW6,100 - - about a 15% raise.)
6,100 to 7,200 - - just doing a quick mind calculation . . and that's a raise of about 1/6th, or 16.25%.
For me, they've priced themselve out of my demand level. I never thought much of their sandwiches anyway - - bread tastes like paper and they hardly put enough meat, and that meat is wanting in flavor. For KW7,200 you can get some pretty good Korean dishes; you can get several pieces of KFC chicken; can some nice burger sandwiches at BK or McD, along with fries and a drink; etc.
I'll just "cash in" the 'subway cards" I've been collecting up over the years - - got enough for maybe three free deals - - and then I'll let them be.
You know, it would seem like SUBWAY should be benefitting from the exchange rate. The stronger Korean Won ought to be making the meats, which I assume they are importing, cheaper.
Another thought: Is inflation in Korea really this bad? 16% ? I've been seeing a lot of things going up in price by significant amounts. Could this be a sign of some bad news coming down the road for the economy here?
MV = PQ, as I recall from my economics classes: If price is up by 16%, then is quantity down relative the money supply, or is money supply up by 16% , quantity the same, and prices must go up to balance things out? Or is it velocity, the speed at which money is moving through the system?
If prices are up 16%, then when your uni or company offers you a 3% raise in the next contract year, they've just given you a 13% pay cut ! |
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jinju
Joined: 22 Jan 2006
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Posted: Sat Aug 05, 2006 6:09 pm Post subject: |
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I like that place. My favorite place to eat when Im out there taking photos or whetever. But if they hiked their prices like that, then theres now ay Im paying 7 bucks for a sub.
How much is the tuna sub now? |
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JongnoGuru

Joined: 25 May 2004 Location: peeing on your doorstep
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Posted: Sat Aug 05, 2006 6:53 pm Post subject: Re: SUBWAY in Jongno hikes prices by 16% |
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willardmusa wrote: |
For me, they've priced themselves out of my demand level. I never thought much of their sandwiches anyway - - bread tastes like paper and they hardly put enough meat, and that meat is wanting in flavor. For KW7,200 you can get some pretty good Korean dishes; you can get several pieces of KFC chicken; some nice burger sandwiches at BK or McD, along with fries and a drink; etc. |
Another day, another Subway� sandwich. That's how it was for me way back when they first came here. Over the years, however, my enthusiasm for that product -- at least the way it's made and how it tastes in South Korea -- has waned considerably. That and the fact that I don't eat meat part of the year anymore.
So this price hike really doesn't come as the blow it would have some time ago. But for those who eat fast food regularly, this will have to be a strong disincentive. Psychologically, 7,200 won is too close to 10,000 won (add in a drink & chips and you're there) and no fast-food meal is worth 10,000 won. Indeed, there are almost no meals at any restaurant in South Korea worth 10,000 won. Not that I don't frequently pay more than that myself -- just saying it's never worth it. Not here. |
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jinju
Joined: 22 Jan 2006
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Posted: Sat Aug 05, 2006 7:04 pm Post subject: |
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I like Subway, its fastfood but its pretty low on all the crap that makes me avoid other fastfood places most of the time. But no way is it worth over 7000 won for whats pretty much only a sandwich and a small drink..or os that 7200 JUST for the sandwich? |
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Roch
Joined: 24 Apr 2003 Location: Seoul
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Posted: Sat Aug 05, 2006 7:21 pm Post subject: Subway Tuna with The Works |
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When I lived in I'taewon, the Subway store there had a quite good tuna sub that did the trick. The meatball subs were alright, too.
How much do these two subs cost now?
Both of them were good value in 2005 when I asked for them with everything on them. They seemed to be enough for two adults. |
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HapKi

Joined: 10 Dec 2004 Location: TALL BUILDING-SEOUL
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Posted: Sat Aug 05, 2006 9:27 pm Post subject: |
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If I remember correctly, the one near the YMCA isn't even a real Subway. |
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jajdude
Joined: 18 Jan 2003
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Posted: Sat Aug 05, 2006 9:46 pm Post subject: Re: SUBWAY in Jongno hikes prices by 16% |
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[quote="JongnoGuru"] Subway�
I'm just curious: How did you get that R in that circle? Neat trick. Can you do it with TM too? My keyboard doesn't show any function for that. |
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JongnoGuru

Joined: 25 May 2004 Location: peeing on your doorstep
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Posted: Sat Aug 05, 2006 9:57 pm Post subject: |
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HapKi wrote: |
If I remember correctly, the one near the YMCA isn't even a real Subway. |
I went by there once and noticed that all the signs & menus & wrappers had changed from "Subway" to "Sub" Sandwich. Same colour scheme, same food, same menu (or close enough). I asked Korea Subway HQ, and they told me that branch had done naughty things (naughty in the unhygienic sense, I'm assuming) and thus lost their licence & the right to use the corporate name/logo.
I was told to wait for a month or two and "you can taste real Subway Sandwich in Jongno" when a new franchise opened somewhere nearby. Well, that branch never materialised and the existing place started calling itself "Subway" Sandwich again. I don't know what had transpired -- had HQ gone in and disinfected the place? Did they give the staff a good spanking & a flea-dip?
Jajdude� |
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djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
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Posted: Sat Aug 05, 2006 11:16 pm Post subject: |
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Does the short haired stubby girl with a permanent grimace still work there? Man, she was there every time I went!
She wouldn't let me refill Sprite/cider/whatever in my cup one day after I had ordered orange juice, which was more expensive. I tried to sneak up and do it later and she came up and said loudly "Anio!" with the hand "X" thing. A Korean guy I was with gave her a hard time in Korean over that, but she wouldn't budge. Damn automatron. 50,000 won says she still works there, and a 10,000 won bonus says she'll be wiping trays when you walk in. |
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JongnoGuru

Joined: 25 May 2004 Location: peeing on your doorstep
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Posted: Sat Aug 05, 2006 11:32 pm Post subject: |
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djsmnc wrote: |
Does the short haired stubby girl with a permanent grimace still work there? Man, she was there every time I went! |
Ah, the frowning punk butch munchkin (as a friend dubbed her)! Not sure if she's still there today, but I'll tell you, she was there before, during and after(!) the troubles that caused them to lose their franchise licence (prior to getting it back again, as I've mentioned). I didn't go there very often or at regular times, but whatever time of any day, there she was on duty. One time after they regained their licence, I brought along one of their "Sub" napkins from a previous visit and asked them "what was this all about?" They didn't seem to like that or want to explain it. So what do you think they were doing? Selling old meat? Siphoning off the profits? Spitting in the sandwiches? |
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djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
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Posted: Sun Aug 06, 2006 12:12 am Post subject: |
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Yeah, I saw that chick(?) there through the different phases. However, to try and resolve this mystery of yours, I DO remember that in Bundang in 2002/3 there was a Sub Sandwich (Still there anyone?) tucked into the first floor of one of the buildings surrounding Samsung Plaza. My friend clued me in because there weren't any Subways in the area at the time, and I sawr it with me own eyes.
Anyhow, I heard from one anonymous-not-so-credible-at-all source that the Jongno Subway changed to Subsandwich because the manager there wanted to run his own franchise under his own name. As you'll remember, though, the change in Jongno occured in 2004. I am 100% certain, though, that the Bundang one was Subsandwich (in '02-'03), because we always called it "Substandard"
There's something going on with that, and I don't know what it is/was, but I know that the meat they use/d sure as hell is/wasn't anywhere near being Halal meat. As I am currently in the US, I am able to experience the luxury of different breads and cheeses at Subway to make up for the nightmare that is the Jongno Subway/Subsandwich. I'll be back, though, and I bet munchkin will be there to stop me from refilling my orange juice cup  |
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djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
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Posted: Sun Aug 06, 2006 12:22 am Post subject: |
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...as I eat a half steak and egg breakfast sub smothered in pepper to mask the old/cheap meat flavor that you burp up later anyway. |
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jajdude
Joined: 18 Jan 2003
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Posted: Sun Aug 06, 2006 12:32 am Post subject: |
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JongnoGuru wrote: |
Jajdude™ |
Cool. Still didn't reveal the secret. |
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Milwaukiedave
Joined: 02 Oct 2004 Location: Goseong
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Posted: Sun Aug 06, 2006 12:43 am Post subject: |
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JongnoGuru wrote: |
I went by there once and noticed that all the signs & menus & wrappers had changed from "Subway" to "Sub" Sandwich. Same colour scheme, same food, same menu (or close enough). I asked Korea Subway HQ, and they told me that branch had done naughty things (naughty in the unhygienic sense, I'm assuming) and thus lost their licence & the right to use the corporate name/logo.
I was told to wait for a month or two and "you can taste real Subway Sandwich in Jongno" when a new franchise opened somewhere nearby. Well, that branch never materialised and the existing place started calling itself "Subway" Sandwich again. I don't know what had transpired -- had HQ gone in and disinfected the place? Did they give the staff a good spanking & a flea-dip? |
JG,
I know Subway in Korea was having some problems toward the end of last year. The reason I am saying this is because I got sick from some food at one of the resturants.
After complaining to the resturant and then trying to contact someone in Korea, I simply contacted the company in the US. I recieved a phone call from someone at the Seoul office and explained what happened. During the call they told me they had lost some "training staff" and were in the process of retraining all of the Subway franchises in Korea.
If I remember correctly this happened sometime between September and November of last year. I'll have to ask my wife if she remembers which month for sure though.
I'm curious when you noticed the changes you had mentioned. |
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mindmetoo
Joined: 02 Feb 2004
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Posted: Sun Aug 06, 2006 1:18 am Post subject: |
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JongnoGuru wrote: |
djsmnc wrote: |
Does the short haired stubby girl with a permanent grimace still work there? Man, she was there every time I went! |
Ah, the frowning punk butch munchkin (as a friend dubbed her)! Not sure if she's still there today, but I'll tell you, she was there before, during and after(!) the troubles that caused them to lose their franchise licence (prior to getting it back again, as I've mentioned). I didn't go there very often or at regular times, but whatever time of any day, there she was on duty. One time after they regained their licence, I brought along one of their "Sub" napkins from a previous visit and asked them "what was this all about?" They didn't seem to like that or want to explain it. So what do you think they were doing? Selling old meat? Siphoning off the profits? Spitting in the sandwiches? |
Did they continue as a subway joint while losing their franchise? I swear there was a Subway look-a-like clone along Jongno for a while but now I can't find it. But maybe I was just drunk and it was always a Subway. |
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