The inflation rate of gim (dried seaweed) rose by 10 percent last month, according to Statistics Korea, the most in 14 months since last February's 11.8 percent.
As the price of Korean staple gim (dried seaweed) took a steep surge due to booming exports, the government stepped in to reign in the soaring prices with a supply stabilization scheme.
Korean gim, or dried seaweed, was shipped and sold to more than 120 countries worldwide, including Japan, China and Thailand.
Korea's exports for gim, or dried seaweed, surpassed the 1 trillion won ($770 million) mark for the first time following the rising demand from emerging markets.
Over $670 million worth of gim was exported between January to October this year, an increase of 20.7 percent compared to the same period last year, according to the Korea Customs Service on Wednesday.
CJ CheilJedang's Seaweed Snack is now available in major UK supermarkets Asda and Ocado, offering flavors like sea salt and Korean barbecue. The move aims to target the global health snack market.
Only grown on clean mud flats, this plant is as thin as a piece of string and very sensitive. Every stage of its production is done manually, from harvesting to drying. It goes bad when exposed to high temperatures or the sun for a long period...
As always, dried seaweed and tuna were Korea's No. 1 and No. 2 exports in the agricultural and fishery food products category in 2022. No. 3 is the surprisingly creepy looking and unfortunately named toothfish.
Korea JoongAng Daily Sitemap