Prices in South Korea continue to rise: 100 yuan for a watermelon and over 500 yuan for a kilogram of beef

category:Finance
 Prices in South Korea continue to rise: 100 yuan for a watermelon and over 500 yuan for a kilogram of beef


While the price of vegetable basket products keeps rising, the new crown epidemic has also hit the employment market in South Korea. According to South Korean media reported on June 13, the number of employees in South Korea fell by more than 390000 in May, with both the unemployed and the unemployment rate reaching the highest level since 1999.

In addition, because the economy is highly export-oriented and heavily dependent on international trade, the Korean economy may face greater challenges in the foreseeable future.

As many people know, kimchi is indispensable for Koreans table, and the price of cabbage has always been concerned by Korean consumers.

Recently, the average retail price of Korean cabbage has risen from 2827 won per plant last year to 4339 won, or about 25 yuan, or more than 50%, according to the data released by the Korean agricultural, aquatic and food circulation commune.

As the weather suddenly turned hot, the number of South Korean consumers who recently bought watermelons to reduce the summer heat has increased significantly. In many supermarkets in Seoul,

Each watermelon sold to 16680 won, about 100 yuan, a year-on-year increase of 16.6%.

High temperature in March, low temperature in April and steep increase in rainfall in May in South Korea this year. Continuous abnormal weather has led to poor crop harvest. Take cabbage as an example. Although the planting area of the main producing areas of Korean cabbage in spring this year is basically the same as that in previous years, the total output affected by climate is expected to be reduced by nearly 10% year on year.

This year, the export volume of kimchi in South Korea continued to increase, with a year-on-year growth of 55.6% in May, which also significantly reduced the amount of cabbage flowing into the general consumer market.

In addition, the frequency of people cooking at home has increased under the epidemic situation. Recently, schools in South Korea have begun to provide students with a large number of vegetables and other reasons, which have greatly increased the demand for fruits and vegetables. In the context of reduced supply and increased demand, the price of basket products in South Korea has been constantly pushed up.

According to the forecast of meteorological department, South Korea will have hot summer and rainy weather this summer, and the short-term price of agricultural products will continue to rise due to insufficient production.

In addition, abnormal climate has caused a large area of fruit trees in many South Korean farmers to get sick, and the price of fruits such as apples and pears is expected to rise again in the second half of this year.

On the other hand, under the epidemic situation, the income of many families in South Korea has decreased, and the price of basket products has increased the burden of many families. At present, South Korea is paying close attention to the price trend of fruits and vegetables market, and will stabilize the price of fruits and vegetables through expanding imports and other measures when necessary.

The second epidemic in South Koreas capital circle

Chinanews.com novel coronavirus pneumonia was officially released on the 22 day as the epidemic of second epidemic in the capital circle, and the necessity of long-term response should be put forward, according to the Korean news agency quoted by CNN.

South Koreas new crown epidemic in the capital circle is facing a second wave of epidemic since May after the first epidemic from February to April, said Zheng Yinjing, head of the South Korean Central anti epidemic Strategy Department, Tuesday, calling on people to prepare for a long-term epidemic.

At the same time, the Korean epidemic prevention department believes that at present, South Korea is in the initial stage of the spread of the epidemic to areas outside the capital circle, and the next week will be a critical period to curb the spread of the epidemic to South Korea.

On the other hand, Seoul mayor Park Yuanchun said Tuesday that once the epidemic continues to worsen and the public health system is overwhelmed, such as more than 30 new cases for three consecutive days or the utilization rate of beds reaches 70%, measures to maintain social distance will be resumed.

Photo source: Photo Network (not related to image and text)

Going on like this means that we are only one month away from the second wave of pandemic. Novel coronavirus pneumonia and influenza are prevalent at the same time, whether it is summer and autumn (the second pandemic), or the current epidemic prevention system is likely to collapse. Park said.

He also hinted that if the situation continued to deteriorate, it might be necessary to restart the keep social distance model. From today on, if the daily average number of newly diagnosed cases in Seoul exceeds 30 or the bed utilization rate reaches over 70% for three consecutive days, and the burden of the public health system reaches a certain level, then we can only resume the previous measures to maintain social distance..

According to the report, 490 out of 913 beds are in use according to the current utilization rate of beds in Seoul, which is 57.7%. In addition, as of June 7-13, there were 132 newly confirmed cases (19 cases per day on average) and 105 cases (15 cases per day on average) in Seoul.

The epidemic hit the Korean employment market hard

According to South Korean media reported on June 13, the impact of the new coronavirus epidemic on the employment market in South Korea is emerging. In May, the number of employees decreased by more than 390000, and both the unemployed and the unemployment rate reached the highest level since 1999.

In this regard, South Koreas Deputy Prime Minister for economy and chief of the Ministry of planning and finance believes that the economic contraction of the trade partner countries leads to the reduction of South Koreas exports, which has a negative impact on manufacturing employment.

According to the employment trend in May 2020 released by the Statistics Department of South Korea on May 10, in May 2020, the number of South Korean employees was 26 million 930 thousand, with a year-on-year decrease of 392 thousand.

Since March this year, South Korean employment has declined for the third consecutive month, with 195000 fewer in March and 476000 fewer in April. This is the first time since the global financial crisis.

Before that, after the global financial crisis in 2008, the number of employment in South Korea decreased for four consecutive months from October 2009 to January 2010, with a decrease of 6000 in October 2009, 34000 in November, 34000 in December and 10000 in January 2010, respectively.

South Koreas statistics office said that the number of employees in the face-to-face service industry as the center decreased, but the decline in accommodation, catering, education services and other industries narrowed compared with April after the switch to the life epidemic prevention system in early May.

Photo source: Photo Network (not related to image and text)

In terms of age, except for those aged 60 and above, employment in all age groups in South Korea has decreased. Among them, the decline of the population aged 40-49 was the highest, reaching 187000; that of the population aged 30-39 was 183000, and that of the population aged 20-29 was 134000. The number of people aged 60 and over increased by 302000.

In terms of industry, the number of employees in wholesale and retail industry, accommodation and catering industry, associations and groups, repair and other personal service industry, education service industry, manufacturing industry, etc. decreased, while the number of employees in health and social welfare service industry, agriculture, forestry and fishery, transportation and warehouse industry increased.

South Koreas GDP fell 1.4% on month in the first quarter of this year, the biggest quarterly decline since the fourth quarter of 2008, according to the central bank. The actual decline was slightly higher than the markets expectation of a 1.5% decline. The analysis said that the decline in consumption was the biggest drag on the decline of GDP in the first quarter, because most people in South Korea had to stay at home in the first quarter because of the impact of the new crown blockade. With the gradual control of the epidemic situation in South Korea, South Koreas economy is facing new challenges this season: the blockade of the epidemic situation in major developed countries in Europe and the United States has seriously affected South Koreas trade exports. In a statement, South Koreas Ministry of Finance warned that the impact on its economy, which is heavily dependent on international trade, could expand in the second quarter as the global recession deepens. Daily economic news comprehensive CCTV finance, China news, surging news source: daily economic news editor in charge: Wang Xiaowu_ NF

South Koreas GDP fell 1.4% on month in the first quarter of this year, the biggest quarterly decline since the fourth quarter of 2008, according to the central bank. The actual decline was slightly higher than the markets expectation of a 1.5% decline.

The analysis said that the decline in consumption was the biggest drag on the decline of GDP in the first quarter, because most people in South Korea had to stay at home in the first quarter because of the impact of the new crown blockade.

With the gradual control of the epidemic situation in South Korea, South Koreas economy is facing new challenges this season: the blockade of the epidemic situation in major developed countries in Europe and the United States has seriously affected South Koreas trade exports.

In a statement, South Koreas Ministry of Finance warned that the impact on its economy, which is heavily dependent on international trade, could expand in the second quarter as the global recession deepens.

Daily economic news comprehensive CCTV finance, China news, surging news