[REVISION HISTORY]

South Korean Chuseok holiday market preparations

Updated 15 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-10 05:29 UTC → 2026-09-11 05:03 UTC · added ~~removed~~

In preparation for the 2026 Chuseok holiday, South Korean ~~companies and the government have initiated~~ authorities are implementing multi-layered measures to ~~manage market costs~~ stabilize prices and ~~consumer demand.~~ stimulate consumption. While ~~major~~ food manufacturers ~~like Dongwon F&B, Paldo, Samlip, and Ottogi~~ have ~~implemented price hikes~~ raised prices for staples due to rising raw material and logistics costs, the retail sector is diversifying. Estimates for Chuseok ancestral rite tables for a family of four show a slight increase in costs. According to investigations by Korea Price Information, costs at traditional markets are estimated at 302,500 KRW (up 1.2%) and supermarkets at 397,700 KRW (up 1.6%). Key drivers include poultry and egg prices, which rose by 12.5% and 16.7% respectively due to summer heatwaves, and a 30% increase in frozen pollack prices from Russia caused by high exchange rates and oil prices. To mitigate these costs, the government is ~~supplying 183,000 tons of seasonal goods and providing 1.3 trillion KRW in discount~~ countering these trends with significant financial support. ~~Recent supplementary measures~~ National efforts include an additional 90 billion won budget for ~~discount support and the extension of~~ agricultural and livestock discount ~~events~~ support, with the discount period extended to September ~~30. The previous 20,000 won individual discount limit has been abolished,~~ 30 and individual purchase limits removed. To alleviate the ~~number~~ burden on households, the government is also increasing the supply of ~~participating companies in processed food discount events will expand from 20 to approximately 70. To bolster seafood supplies,~~ reserve ~~stocks of items like pollack, squid,~~ fishery products and ~~croaker will increase to 22,000 tons, with~~ expanding discounts ~~rising to 50%.~~ on processed foods. Local governments are ~~further supporting price stabilization through~~ launching regional ~~initiatives.~~ initiatives to support traditional markets. Incheon and Jeju provinces are hosting Onnuri gift certificate refund ~~events at traditional markets,~~ events, allowing consumers to receive up to 20,000 won in certificates for purchasing domestic agricultural or fishery products. Jeju is also conducting inspections to ensure origin labeling ~~accuracy. Additionally,~~ accuracy, while Buan County is ~~conducting~~ holding fishery product refund ~~events at its local market~~ events. In Seoul, the Metropolitan Government is issuing 265 billion won in Seoul Love Gift Certificates, comprising 80 billion won in metropolitan-wide certificates and 185 billion won in district-specific certificates. In a new initiative to ~~support residents~~ prevent digital exclusion, 8 billion won of the metropolitan certificates are reserved for senior citizens (those born before 1961) with a priority purchasing window from September 14 to 17. These certificates offer a total benefit of 7% through a 5% discount and ~~visitors.~~ 2% payback. General metropolitan certificates will be released on September 18, with sales managed by birth year to mitigate server traffic.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.