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CONSUMERS
&
BRANDSEatingbehaviorinSouthKoreaCHAPTER
01OverviewAveragemonthlyexpenditureonfoodandsoftdrinksperhouseholdinSouthKoreafrom2017to2022(in1,000SouthKoreanwon)MonthlyhouseholdspendingonfoodandsoftdrinksSouthKorea2017-2022450397.15389.5240035030025020015010050381.06366.67360.27332.602017201820192020202120224Description:In2022,householdsinSouthKoreaspentanaverageofaround389.52thousandSouthKoreanwononfoodandsoftdrinks.Another378.26thousandwonwerespentonmealsinrestaurants.
ReadmoreNote(s):SouthKorea;2017to2022Source(s):KOSIS;StatisticsKoreaAveragemonthlyexpenditureonfoodandsoftdrinksperhouseholdinSouthKoreain2022,bycategory(in1,000SouthKoreanwon)MonthlyhouseholdspendingonfoodandsoftdrinksSouthKorea2022,bycategoryMonthlyexpenditureinthousandSouthKoreanwon010203040506070MeatFruitsandprocessedfruitsVegetablesandProcessedvegetablesMilkproductsandeggs63.1642.5439.5528.6528.1928.11Sugar,jam,honey,chocolateandconfectioneryBreadandricecakesOtherfoods25.67Freshfishandshellfish21.8719.3216.9115.17ProcessedgrainsGrainsProcessedmeatJuiceandothernon-alcoholicbeverageSeasoningfood14.7714.525Description:In2022,householdsinSouthKoreaspentanaverageofaround63thousandSouthKoreanwonpermonthonmeat.Intotal,householdsspentalmost389.52thousandSouthKoreanwononfoodandsoftdrinks.
ReadmoreNote(s):SouthKorea;2022;restaurantmealsexcludedSource(s):KOSIS;StatisticsKoreaTotalcaloriessupplypercapitaperdayinSouthKoreafrom2000to2020(inkilocalories)CaloriessupplyperpersonperdaySouthKorea2000-20203,5003,4503,4003,3503,3003,2503,2003,1503,4573,4493,4433,4353,3813,3763,3593,3403,3303,3253,3133,2033,1873,1393,1133,1023,0983,0943,081
3,0813,1003,0503,0003,0592000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
20206Description:In2020,atotalof3,443kilocalorieswereavailablepercapitaperdayinSouthKorea.Caloricsupplypercapitahasincreasedoverthepasttwodecades,upfrom3,094kilocaloriesin2000.
ReadmoreNote(s):SouthKorea;2000to2020Source(s):FAO;OECDDistributionoftotalfoodexpensesinSouthKoreaasofMay2022DistributionoffoodexpensesSouthKorea2022Eatingout27.6%Othergroceries72.4%7Description:AccordingtoasurveyconductedinSouthKoreain2022,around28percentofrespondents'foodexpenseswenttowardseatingout.Therestwasspentongroceries.Totalmonthlyfoodspendingexcludingcafeteriaswasaround223thousandSouthKoreanwon.ReadmoreNote(s):SouthKorea;May18to24,2022;1,196respondents;18-64yearsSource(s):dataSpringCHAPTER
02StaplesPercapitastaplegrainconsumptionvolumeinSouthKoreafrom2013to2022(inkilograms)StaplegrainconsumptionperpersonSouthKorea2013-20228073.271.769.869.569.568.470605040302010066.164.963.963.820132014201520162017201820192020202120229Description:In2022,SouthKoreanhouseholdsconsumedaround63.8kilogramsofstaplegrainspercapita.Thiscontinuedtheongoingdecreasingtrendofgrainconsumptioninthecountry.Comparedto2013,theaverageSouthKoreanconsumerconsumedalmost10kilogramslessofgrainin2022.ReadmoreNote(s):SouthKorea;2013to2022;householdfoodconsumptionSource(s):KOSIS;StatisticsKoreaDistributionofpercapitafoodgrainconsumptioninSouthKoreain2022,bygraintypeDistributionoffoodgrainconsumptionSouthKorea2022,bygraintypeShareofgrainconsumption20%
30%
40%0%10%50%60%70%80%90%100%Rice87.7%PotatoesPulses(bean,redbean,peanut,etc)Barley2.9%1.7%1.6%0.9%0.9%Miscellaneousgrains(millet,sorghum,buckwheat,etc)Wheatflour10/statistics/1320973/south-korea-food-grain-consumption-shareIn2022,riceaccountedforabout87.7percentofpercapitafoodgrainconsumptioninSouthKorea.Thatyear,percapitaannualfoodgrainconsumptionofSouthKoreansrecorded64.7kilograms,showingasteadydecreaseoverthepastfewyears.
ReadmoreNote(s):SouthKorea;2022Source(s):StatisticsKoreaPercapitaconsumptionofriceinSouthKoreafrom2006to2022(inkilograms)PercapitariceconsumptioninSouthKorea2006-202278.876.975.87472.871.269.867.265.162.961.961.86159.257.756.956.72006200720082009201020112012201320142015201620172018201920202021202211Description:In2022,riceconsumptionpercapitaamountedto56.7kilogramsinSouthKorea.RiceconsumptioninSouthKoreahasdecreasedsignificantlyoverthepastdecade,whiletheconsumptionofprocessedriceproductshasrelativelyincreased.
ReadmoreNote(s):SouthKorea;2006to2022;1,540households;householdsectorSource(s):StatisticsKoreaDailypercapitariceconsumptionbythehouseholdsectorinSouthKoreafrom2000to2022(ingrams)DailypercapitariceconsumptioninSouthKorea2000-2022256.6243.8238.5227.9224.6221.2216210.9207.7202.9199.6195191.3184178.2172.4169.6
169.3167.3162.1158155.8
155.52000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
202212Description:In2022,aSouthKoreanconsumedaround155.5gramsofriceeveryday.Riceconsumptionbythehouseholdsectorhasdecreasedduringthepasttwodecades.Ontheotherhand,riceconsumptionbyfoodmanufacturershassteadilyincreasedinrecentyearsduetothegrowingpopularityofriceprocessedproducts.ReadmoreNote(s):SouthKorea;2000to2022;1,540households;householdsectorSource(s):StatisticsKoreaCHAPTER
03Meat,fish,anddairyDailypercapitameatconsumptioninSouthKoreafrom2012to2021(ingramspercapita)DailypercapitameatconsumptioninSouthKorea2012-2021130.3126.2126121.5121.8118.8110.1109.6107.6107.7201220132014201520162017201820192020202114Description:In2021,dailymeatconsumptioninSouthKoreahadreachedabout126gramspercapita,decreasingbyaroundfourgramscomparedtothepreviousyear.Theaveragemeatconsumptionpercapitahadoverallincreasedovertheyears.
ReadmoreNote(s):SouthKorea;2012to2021;1yearandolderSource(s):KOSIS;MOHW(SouthKorea)AnnualpercapitameatconsumptioninSouthKoreafrom2013to2021(inkilogrampercapita)PercapitameatconsumptionvolumeinSouthKorea2021Annualmeatconsumptioninkilogrampercapita20132014201520162017201820192020202149.251.553.556.160.163.467.865.166.215Description:In2021,theannualconsumptionofmeatpercapitainSouthKoreastoodataround66.2kilograms.Themeatconsumptionhasincreasedtremendouslyoverthepastsevenyears,beforedecreasingalittlein2020.
ReadmoreNote(s):SouthKorea;2013to2021Source(s):StatisticsKoreaSeafoodconsumptionvolumeinSouthKoreafrom2016to2020(inmillionmetrictons)SeafoodconsumptionvolumeSouthKorea2016-20205.04.54.634.594.594.24.134.03.53.02.52.01.51.00.50.02016201720182019202016Description:In2020,thevolumeofseafoodconsumptioninSouthKoreawasroughly4.59millionmetrictons,whiletheconsumptionfromfiveyearsagowasapproximately4.13millionmetrictons.ReadmoreNote(s):SouthKorea;2016
to2020Source(s):FAO;KoreaMaritimeInstituteVolumeofdairyproductsconsumedinSouthKoreafrom2011to2022(in1,000metrictons)ConsumptionvolumeofdairiesSouthKorea2011-20223,0002,520.822,473.52,469.042,464.912,481.322,442.52,416.192,406.052,422.42,5002,0001,5001,0005002,393.242,383.562,309.76020112012201320142015201620172018201920202021202217Description:In2022,theconsumptionvolumeofdairyproductsinSouthKoreastoodataround2.42milliontons.Thedemandfordairyproductshasoverallincreasedoverthelastdecade,especiallycheeseconsumptionshotupcomparedto2011.
ReadmoreNote(s):SouthKorea;2011to2022Source(s):KPFA;StatisticsKoreaConsumptionvolumeofdairyproductsinSouthKoreain2022,byproductgroup(in1,000metrictons)DairyproductconsumptionvolumeSouthKorea2022Consumptionvolumeinthousandmetrictons0Fluidmilk2004006008001,0001,2001,4001,6001,346.63Fermentedmilkproducts(e.g.yoghurt,yoghurtdrinks)Processedmilk(e.g.calciumfortifiedmilk)Cheese536.33279.92188.32Butter31.6823.33SkimmilkpowderWholemilkpowder
7.57Babyformula
5.12Condensedmilk
3.518Description:In2022,themostconsumeddairyproductinSouthKoreawasmilkwithroughly1.35millionmetrictonsvolumebeingconsumed.Productsmadeoutoffermentedmilk,likeyoghurt,followedwitharound536thousandmetrictonsconsumed.ReadmoreNote(s):SouthKorea;2022Source(s):KOSIS;KPFACHAPTER
04VegetablesandfruitAnnualconsumptionvolumeofvegetablespercapitainSouthKoreafrom2011to2021(inkilograms)PercapitavegetableconsumptionSouthKorea2011-20212001801601401201008060402002011201220132014201520162017201820192020202120Description:In2021,theconsumptionofvegetablespercapitainSouthKoreaamountedtoaround149.5kilograms,stayingatasimilarlevelasthepreviousyear.Overall,therehasbeenadecliningtrendintheconsumptionofvegetablesovertheyears.
ReadmoreNote(s):SouthKorea;2011to2021Source(s):KREI;MAFRA(SouthKorea)AnnualconsumptionvolumeofvegetablespercapitainSouthKoreain2021,byvegetable(inkilogramsperyear)PercapitavegetableconsumptionSouthKorea2021,byvegetable5047.14540353025201510537.531.822.77.13.30CabbageOnionRadishGarlicChilipepperOther21Description:In2021,cabbageswerethemostconsumedvegetablesinSouthKoreawithaconsumptionvolumepercapitaofaround47.1kilograms,followedbyothervegetablesandonions.CabbageisoneofthemostoftenusedvegetablesforKimchi,atraditionalKoreansidedishservedwithalmosteverymeal,ReadmoreNote(s):SouthKorea;2021Source(s):KREI;MAFRA(SouthKorea)AnnualconsumptionvolumeoffruitspercapitainSouthKoreafrom2011to2021(inkilograms)PercapitafruitconsumptionSouthKorea2011-20217061.861.260.659.659.858.157.9605040302010057.556.654.451.52011201220132014201520162017201820192020202122/statistics/968124/south-korea-fruit-consumption-per-capitaIn2021,theaverageconsumptionoffruitspercapitainayearSouthKoreaamountedtoaround54.4kilograms.Whilethiswasanincreasecomparedtothepreviousyearatroughly51.5kilograms,itdidnotreachearlieryears'consumptionvolume.
ReadmoreNote(s):SouthKorea;2011to2021Source(s):MAFRA(SouthKorea)AnnualconsumptionvolumeoffruitspercapitainSouthKoreain2021,byfruit(inkilogramsperyear)PercapitafruitconsumptionSouthKorea2021,byfruitAnnualconsumptioninkilograms10024681214161820TangerineApple12.210Grape4.2Peach3.73.6PearPersimmonOther1.918.823Description:In2021,tangerineswerethemostconsumedfruitinSouthKoreawithanannualconsumptionvolumepercapitaofaround12.2kilograms.Followingwereappleswithaconsumptionofaround10kilogramspercapita.
ReadmoreNote(s):SouthKorea;2021Source(s):MAFRA(SouthKorea)CHAPTER
05ConveniencefoodsMarketsizeofmealkitsinSouthKoreafrom2019to2025(inbillionSouthKoreanwon)MarketsizeofmealkitsSouthKorea2019-2025700600500400583.7512.4427341.4300258.72021188.22001000101.7201920202022*2023*2024*2025*25Description:TheoverallmarketsizeofmealkitsinSouthKoreastoodatapproximately258.7billionSouthKoreanwonin2021andwasexpectedtogrowfurtherandmorethandoubleby2025.Mealkitsprovideconsumersalltheingredientstheyneedforcookingameal,savingthemthetimeneededforplanningandpreparingafreshmealbythemselves.ReadmoreNote(s):SouthKorea;2019to2021;*Forecast.1,000SouthKoreanwonequals0.70U.S.dollarsor0.71eurosasofOctober2022.
ReadmoreSource(s):Euromonitor;NewseTodayAveragemonthlyspendingonHomeMealReplacements(HMR)inSouthKoreain2022(inSouthKoreanwon)HMRmonthlyspendingonaverageSouthKorea2022Shareofrespondents0%5%10%15%20%25%30%35%40%45%Lessthan10,00010,000-20,00020,000-40,00040,000-60,00060,000-80,00080,000-100,000Morethan100,000Noanswer0.5%4.4%18.3%20.8%11.1%6.3%38.1%0.4%26Description:AccordingtoasurveyconductedinSouthKoreain2022amongconsumersontheiraveragemonthlyspendingonHomeMealReplacement(HMR),morethan38percentofrespondentsansweredtospendmorethanonehundredthousandSouthKoreanwonpermonthonit.Accordingtothesource,theaveragemonthlyspendingamountedtoroughly91.86thousandKoreanwon.ReadmoreNote(s):SouthKorea;2022;2,000households;20-74years;thosewhoboughtHMRbeforeSource(s):KREIDemandforinstantnoodlesinSouthKoreafrom2013to2021(inbillionservings)InstantnoodlesdemandSouthKorea2013-20214.54.04.133.93.833.823.793.743.633.653.593.53.02.52.01.51.00.50.020132014201520162017201820192020202127Description:In2021,thedemandforinstantnoodlesinSouthKoreaamountedto3.79billionservings,adecreasefromthe4.13billionservingsinthepreviousyear.Exceptforthepeakin2020,theinstantnoddledemandinSouthKoreahasstayedmostlyconsistent,showinganoverallslightincreasecomparedto2013.ReadmoreNote(s):SouthKorea;2013to2021Source(s):WINAExperiencewithconveniencefoodpurchasesinSouthKoreain2021,bytypePurchaseexperienceofconveniencefoodsSouthKorea2021,bytypeShareofrespondents30%
40%0%10%20%50%60%70%80%90%100%95.4%Dumplings/pizza/ricecakes/noodlesMeat/fish90.3%89.5%88.1%Sauces/spicesReady-to-eatmealsInstantstews88%Instantrice87.3%Ready-to-eatsidedishesMealkits83.3%82%Congee/soupsVegetables80.1%79.3%Salads76%Fruit67.2%28Description:AccordingtoasurveyconductedamongSouthKoreanconsumersin2021onconveniencefoods,over95percentofrespondentsansweredtheyhadpurchasedumplings,pizza,ricecakesornoodlesbefore.Freshproducts,suchasvegetablesandfruits,placedratherlowwitharespondentshareof76and67.2percentrespectively.ReadmoreNote(s):SouthKorea;2021;2,000respondents;19-74yearsSource(s):KoreaAgro-Fisheries&FoodTradeCorp.;KREI;MAFRA(SouthKorea)CHAPTER
06EatingoutFrequencyofdiningoutorbuyingfoodoutsideofhomeinSouthKoreaasofDecember2022FrequencyofeatingoutsideofhomeSouthKorea2022Shareofrespondents15%
20%0%5%10%25%30%35%40%AtleastonceadaySeveraltimesaweekOnceaweek10.53%36.14%27.5%SeveraltimesamonthOnlyonspecialoccasionsNever11.46%11.27%3.11%30Description:AccordingtoaRakutenInsightsurveyconductedinSouthKoreain2022,around36percentofrespondentsstatedthattheydinedoutorotherwiseboughtfoodoutsidetheirhomesseveraltimesaweek.Over10.5percentsharedthattheydidsoatleastonceaday.ReadmoreNote(s):SouthKorea;December8to31,2022;7,419respondents;16yearsandolderSource(s):RakutenInsightPopulartypesofplacestodineatorbuyfoodoutsideofhomeinSouthKoreaasofDecember2022PreferredtypesofdineoutorfoodbuyinglocationsSouthKorea2022Shareofrespondents0%10%20%30%40%50%60%70%80%90%CasualdiningrestaurantsFast-foodchainrestaurantsCafés84%36.96%25.72%24.83%FoodcourtsFinediningrestaurantsConveniencestoresCanteens(atwork/school)Streetfood/hawkersOther23.23%16.65%16.21%13.61%1.95%31Description:AccordingtoaRakutenInsightsurveyconductedinSouthKoreain2022,around84percentofrespondentsstatedthattheychosetodineoutatcasualdiningrestaurantswheneatingout.Otherpopularchoicesincludedfast-foodchainrestaurantsandcafés,ataround37percentand25.7percentrespectively.ReadmoreNote(s):SouthKorea;December8to31,2022;7,188respondents;16yearsandolder;amongpeoplewhodinedoutSource(s):RakutenInsightMonthlyexpenditureofhouseholdsdiningoutwithhouseholdmembersinSouthKoreaasofJuly2022(inSouthKoreanwon)MonthlyexpenseshouseholdseatingouttogetherSouthKorea202270%60%50%40%30%66.4%24%20%10%0%7.6%1.9%10k-30kKRW30k-50kKRW50k-100kKRW100k+KRWMonthlyexpenditureinSouthKoreanwon32/statistics/1101236/south-korea-monthly-expenses-households-eating-outAccordingtoasurveyconductedinSouthKoreain2022,around66percentofhouseholdsstatedtheyspent100thousandSouthKoreanormoremonthlyoneatingouttogether.Aboutoneinfourspentbetween50thousandand100thousandwon.
ReadmoreNote(s):SouthKorea;May13toJuly29,2022;2,459households;householdsthatdineouttogetherSource(s):EmbrainPublic;KREIMostvisitedtypesofrestaurantswhendiningouttogetherashouseholdsinSouthKoreaasofJuly2022MostvisitedrestaurantswheneatingoutSouthKorea2022Shareofrespondents15%
20%0%5%10%25%30%35%40%45%44.5%50%KoreanrestaurantKoreanmeatrestaurant39.6%Snackbar(incl.gimbap,tteokbokki)Friedchickenrestaurant3.5%3.1%Pizza,burger,sandwichrestaurantWesternrestaurant2.6%2.5%2.4%JapaneserestaurantChineserestaurant1.3%0.3%ConfectionaryshopandbakeryOtherforeignrestaurant
0.1%33Description:AccordingtoasurveyconductedinSouthKoreain2022,around44.5percentofhouseholdsmostlyvisitedKoreanrestaurantswhendiningouttogether,andafurtherabout39.6percentstatedKoreanmeatrestaurantstobetheirfavorite.Onaveragein2021,householdsspentaround42.85thousandwoneachtimetheywerediningout.ReadmoreNote(s):SouthKorea;May13toJuly29,2022;2,459households;13-74years;householdsthatdineouttogetherSource(s):Embrain;KREIMainreasonhouseholdsdineouttogetherinSouthKoreaasofJuly2022ReasonforeatingouttogetherhouseholdsSouthKorea2022Shareofrespondents0%10%20%30%40%50%60%70%ToenjoyatastymealNotimetoprepareamealPreparingamealisannoyingSpecialday/event58.7%14.7%14.3%11.3%Ingredientsareexpensive1%34/statistics/1101808/south-korea-reason-households-dine-out-togetherAccordingtoasurveyconductedinSouthKoreain2022,around59percentofrespondentsstatedthattheydinedouttogetherinordertoenjoyatastymeal.Anotherroughly15percentsaiditwasbecausetheydidnothavethetimetoprepareameal.ReadmoreNote(s):SouthKorea;May13toJuly29,2022;1,922households;householdsthatdineouttogetherSource(s):EmbrainPublic;KREICHAPTER
07DietaryhabitsCaringaboutinformationonfoodnutritioninSouthKoreaasofNovember2022LevelofcareconcerningnutritionalinformationonfoodSouthKorea2022Shareofrespondents0%
10%20%30%40%50%60%70%Alwaysreadingalloftheingredientscarefully13%Readingmostoftheinformation/ReadingtheinformationsometimesNeverreadingthenutritionalinformationNoanswer59%27%1%36Description:AccordingtoaglobalsurveyconductedinNovember2022,59percentofSouthKoreanconsumerscheckedmostoftheinformationonnutritionallabelsforfoodoronlyreadtheinformationsometimes.Another27percentstatedthattheyneverreadtheinformationonnutritionallabels.ReadmoreNote(s):SouthKorea;November7to24,2022;1,549respondents;19yearsandolderSource(s):GallupKoreaConsumptionchannelsofnutrientsamongSouthKoreansasofJuly2022ConsumptionchannelsofnutrientsamongSouthKoreans2022Shareofrespondents0%10%20%30%40%50%60%70%80%90%Consumedviadiet/mealsSupplementedbyhealthfunctionalfoodConsumedviasnacks/supplementaryfood77%59.8%23%37Description:InJuly2022,accordingtoasurveyconductedinSouthKoreabyOpensurvey,around77percentofrespondentsconsumednutrientsviatheireverydaydiet.Almost60percentansweredtousehealthfunctionalfoodsupplements.
ReadmoreNote(s):SouthKorea;July23,2022;1,000respondents;20-69yearsSource(s):OpensurveyTypesofdietpracticedinSouthKoreaasofJuly2022TypesofdietpracticedSouthKorea2022Shareofrespondents0%5%10%15%20%25%30%35%40%Low-salt/sugarHigh-proteinSuperfood33.7%29.2%22.6%21.1%Low-calorieVegetarian19.1%Ketogenic9.9%Gluten-freeLiquid6.1%5.5%5.3%High-calciumNoparticulardiet31.6%38Description:InJuly2022,accordingtoasurveyconductedinSouthKoreabyOpensurvey,around34percentofrespondentspracticedalow-saltorlow-sugardiet.Around31.6percentansweredtonotfollowaparticulardietplanatall.
ReadmoreNote(s):SouthKorea;July23,2022;831respondents;20-69years;thosethatsupplementnutrientsviadietandsnacksSource(s):OpensurveyNumberofpeopleinSouthKoreafollowingavegandietfrom2008to2021(in1,000s)NumberofvegansSouthKorea2008-20213,0002,5002,0001,5001,0002,5002,0001,5005001500200820182020202139Description:Asof2021,therewerearound2.5millionpeopleinSouthKoreafollowingavegandiet.Thenumberofveganshasincreasedtenfoldfrom2008to2018,andhasshownagrowthofaround67percentinthethreeyearsafterthat.
ReadmoreNote(s):SouthKorea;2008to2021Source(s):HanaBank;KoreaVeganUnionCHAPTER
08FoodinflationMonthlyfoodpriceinflationrateinSouthKoreafromJanuarytoAugust2023MonthlyfoodpriceinflationrateSouthKorea2021-202310.0%9.3%9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0%8%
8%7.9%7.9%7.8%7.54%6.8%6.5%6.4%6.36%5.77%5.8%5.23%4.81%6.2%6%6%5.9%5.6%5.5%5%4.92%4.6%4.3%4.16%3.87%3.6%3.39%3.3%2.9%1.8%41Description:AsofAugust2023,themonthlyfoodpriceinflationrateinSouthKoreaamountedtoapproximately4.92percent.Furthermore,duringtheexaminedperiod,fromApril2021toOctober2021,themonthlyfoodpriceinflationrateexperienceditsgreatestdeclinefromaround7.9percentto1.8percent.ReadmoreNote(s):SouthKorea;January2021toAugust2023Source(s):StatisticsKorea;TradingEconomicsConsumerpriceindex(CPI)forfoodinSouthKoreafrom2013to2022FoodCPISouthKorea2013-2022120112.41106.1810010080604020095.5895.5392.8989.6187.4585.8486.04201320142015201620172018201920202021202242Description:In2022,theconsumerpriceindex(CPI)forfoodinSouthKoreawasroughly112.41,whichmarksanincreasecomparedto2020,thestandardofthisindex.Since2013,theCPIforfoodinSouthKoreahasincreasedcontinuously.
ReadmoreNote(s):SouthKorea;2013to2022Source(s):StatisticsKoreaConsumerpriceindex(CPI)forallfreshfoodsinSouthKoreafrom2011to2022FreshfoodproductsCPISouthKorea2011-2022120100107.71102.599.0999.4710097.6595.7894.8694.293.0191.8289.8580604020020112012201320142015201620172018201920202021202243/statistics/1300686/south-korea-cpi-all-fresh-foodsIn2022,theconsumerpriceindex(CPI)forallfreshfoodsinSouthKoreaexperiencedanincreasetoapproximately107.71,comparedtothepreviousyear.Duringtheexaminedperiod,theCPIforallfreshfoodsinSouthKoreawasconstantlyincreasing.ReadmoreNote(s):SouthKorea;2011to2022Source(s):StatisticsKoreaImpactofinflationonbasichouseholdexpenditureSouthKoreaasofMarch2023ImpactofinflationonbasichouseholdexpenditureSouthKorea2023Shareofrespondents20%0%10%30%40%50%60%70%80%Payingforbasicnecessities(food,clothing,healthcare)Payingutilitybills69.62%50.28%Inabilitytosave39.14%Payingforrent/mortgage22.66%Others
0.38%44Description:AccordingtoasurveybyRakutenInsightconductedinMarch2023ontheimpactofinflationonhouseholdexpensesinSouthKorea,morethantwothirdsofall
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