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    Focus On South Korea's Inflation: Korean Supermarket Clothing To Sell Catty For High Prices

    2012/9/25 16:30:00 46

    South KoreaSouth Korea EconomyFashion WeekKorean Consumer Downturn

    South Korea's high prices, South Korea's recent surge in prices can be said to let businesses and consumers feel the pressure, consumer sensitivity to price increases, consumer continued tightening, so that businesses have to change the pattern in attracting consumers. Lotte Mart, the largest store in Korea, has launched a low price promotion campaign called kilogram fashion week, which is sold by weight in 30 stores in the country. clothes The aim is to attract more customers in the era of high prices.


    A happy supermarket in Seoul, a jacket in a supermarket. shirt Trousers and so on are all calculated by weight. The price of each 100 grams of clothing is 3 thousand won, or about 18 yuan, so the price of a set of clothes is less than RMB 120 yuan, which is 30% to 40% lower than the usual price. So the low price has attracted many consumers to rush to buy.


    The reporter interviewed a consumer. The consumer said that the clothes here are very cheap, half cheaper than usual, and pick out some clothes for the children.


    Analysis said that the European debt crisis led to Korea export Atrophy, drought in the United States has led to the surge in import prices of foodstuff in Korea, and the two typhoons of "bran" and "scales" brought about a reduction in grain and vegetable production. One after another, the prices of Korea were only high. The latest statistics released by the statistics office showed that consumer prices rose by 1.2% in August, and the trend continued to rise in the future, especially by the rise of international grain prices. The price of agricultural products rose sharply, of which corn rose by 1.3%, and crude oil prices also rose by 8.4.


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       Korean private consumption Serious downturn, the Bank of Korea (central bank) and Samsung Economic Research Institute 24, said that the real growth rate of private consumption in South Korea from the third quarter of 2009 to the second quarter of 2012 for 12 consecutive quarters is lower than the actual economic growth rate. Household debt is higher than the rate of economic growth for 18 consecutive months. According to the analysis of Samsung Economic Research Institute, the growth rate of consumption is lower than the rate of economic growth, which means that consumption is in a serious downturn.

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