Stomach broke the back of the economy, will South Korea be ruined by eating ‘Kimchi’? – न्यूज़लीड India

Stomach broke the back of the economy, will South Korea be ruined by eating ‘Kimchi’?

Stomach broke the back of the economy, will South Korea be ruined by eating ‘Kimchi’?


South Korea imported 263,434 tons of kimchi, up 9.5% from 2021. Although in 2020, South Korea imported 281,187 tons of kimchi.

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oi-Sanjay Kumar Jha

Published: Wednesday, January 25, 2023, 18:01 [IST]

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If you are fond of watching Korean drama series, then you must have heard the name of ‘Kimchi’. This is the famous dish of Korea. It is considered to be one of the oldest cuisines in the world. It is said that the origin of kimchi dates back to around 3,000 BC. However, Koreans’ love for kimchi is now costing them dearly. This has been revealed by the data of Korea Customs.

Kimchi originated in Korea

Kimchi originated in Korea, the first mention of which appears in a Chinese document from the 3rd century AD. Kimchi is made from a variety of vegetables, the most common being kimchi made from cabbage. It is fermented in a mixture of spices and other ingredients. Don’t make the mistake of thinking of it as a pickle after hearing the name fermentation. Kimchi, although a side dish, is eaten in abundance and is often served with rice and other Korean dishes.

import became costlier

However, this immense love for eating kimchi has caused a fair amount of damage to the country’s economy last year. The reason for this is the import of kimchi and the vegetables used to make it from other countries. Cabbage and the prices of other key ingredients needed for kimchi make it expensive to make. According to data released on Wednesday by the Korea Customs Service, the value of imported kimchi and related items totaled $169.4 million last year, up 20% from the previous year.

How much Kimchi did South Korea import?

In volume terms, South Korea imported 263,434 tons of kimchi, up 9.5% from 2021. Although in 2020, South Korea imported 281,187 tons of kimchi. South Korea imports kimchi mainly from China. Let us tell you that there is only one Kimchi which is equally liked in both North Korea and South Korea. Throughout South Korea, restaurants and eateries have long been using imported kimchi.

Inflation expected to come down in 2023

Koreans have increased their imports from China for ingredients used to prepare kimchi after kimchi prices in South Korea soared. It is because of this that the country’s economy is being said to be harmed. Meanwhile, inflation in South Korea was recorded at a high of 5 percent in December. This was more than double the target of the South Korean central bank. However, inflation is expected to ease to 3.6 percent in 2023.

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english summary

South Korea’s famous Kimchi Pushes Inflation, Imports From China to Record

Story first published: Wednesday, January 25, 2023, 18:01 [IST]

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