Soaring consumer prices in S. Korea impact street snacks

The prices of popular street snacks in South Korea are rising, largely due to the rising price of flour, red beans, cooking oil, and other ingredients.

The price of liquefied petroleum gas used has increased from 725 won per liter in May 2020 to 1,163 won in April this year.

Last year, 1,000 won was enough to buy three fish-shaped buns, called “bungeoppang” in downtown Seoul.

Now, 1,000 won buys only one or two of those.

Meanwhile, the price of “hotteok,” a Korean pancake filled with sweet brown sugar, has gone up from 1,000 won to 1,500 won per piece,

The soaring prices are further discouraging spending among South Koreans.