Cabbage price rise drives up sales of packaged kimchi
Sept. 21, 2016
[THE INVESTOR] With the record summer heat and drought sending prices of napa cabbage up by more than 230 percent, sales of packaged kimchi have surged, retailers said on Sept. 21. At E-mart, sales of packaged kimchi rose 67 percent so far this month compared to the same period last year, totaling 4 billion won (US$3.58 million), company officials said. The wholesale price of napa cabbages averaged 6,128 won per 10 kilograms before the Chuseok holiday last year. This year, they were priced at 20