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Gingersnap
10-18-2010, 01:07 PM
Kimchi Crisis Prompts Governmental Intervention in S. Korea

By Jack Phillips
Epoch Times Staff Created: Oct 15, 2010 Last Updated: Oct 16, 2010

Kimchi prices in South Korea have skyrocketed recently, prompted the South Korean president to take action. Above, South Korean women make kimchi in November 2009. (Chung Sung-Jun/Getty Images)
Kimchi, the ubiquitous fermented Korean dish, has experienced skyrocketing prices in recent months, prompting the South Korean president to act, according to the Yonhap news agency on Friday.

President Lee Myung-bak issued an order this week to keep the price of napa cabbage and other vegetables from rising above international levels.

"There is no reason for people on low incomes to purchase items that are necessary to daily life at higher prices than international prices," President Lee said in a Cabinet meeting, according to his spokeswoman Kim Hee-jung, Yonhap reported.

The price of cabbage started to increase sharply in the spring because of a weak harvest due to an unseasonably cold winter, the UKs Daily Telegraph noted. A rainy summer only made things worse for cabbage growers.

Domestically-grown cabbages sold for around $2.50 a head last year, but now sell for around $14 each, the New York Times said.

:eek:

The Epoch Times (http://www.theepochtimes.com/n2/content/view/44294/)

djones520
10-18-2010, 01:20 PM
Wow, that is nuts.

I'm gonna go cry in a corner now. Kimchi sounds so good...

marv
10-18-2010, 02:39 PM
Domestically-grown cabbages sold for around $2.50 a head last year, but now sell for around $14 each, the New York Times said....ouch!!!!!

What would happen if a Big Mac went for $15........without the secret sauce!

AmPat
10-18-2010, 07:08 PM
South Koreans cried big tears about a made up-trumped up-hyped up but non-existent mad cow disease. One went so far as to set himself on fire. They sell beef for $100.00 for a few ozs. and those are trash cuts.

It is a matter of money. If they sell their own beef for ludicrous prices, why allow US beef imports?

Let them eat cabbage!:eek:

m00
10-18-2010, 11:17 PM
...ouch!!!!!

What would happen if a Big Mac went for $15........without the secret sauce!

You'd be living in Norway.