South Korea Designates 280 'Thrifty Hanwoo Stores' to Lower Beef Prices
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- The National Hanwoo Association and the Hanwoo Fund Management Committee have selected 280 beef restaurants nationwide as 'Thrifty Hanwoo Stores'.
- These stores offer Hanwoo beef at prices 25-30% lower than the average market price, with specific price caps per 100g for different grades.
- The initiative aims to increase consumer access to Hanwoo beef amidst rising dining costs and promote its consumption.
The National Hanwoo Association and the Hanwoo Fund Management Committee have identified 280 "Thrifty Hanwoo Stores" across South Korea, aiming to make the popular beef more accessible to consumers facing rising food prices. These selected restaurants offer Hanwoo beef at prices approximately 25-30% lower than the national average.
To qualify, establishments must adhere to strict price ceilings. For instance, 100 grams of sirloin must be priced at 13,900 won or less for Grade 1, 16,000 won or less for Grade 1+, and 19,100 won or less for Grade 1++.
The initiative includes 185 independent beef restaurants and 95 outlets from the "Kkuseokji Dolpan Hanwoo" franchise. The association plans to continuously monitor prices and identify new stores to expand the program.
"As dining costs become increasingly burdensome due to rising production prices, we selected thrifty Hanwoo stores for consumers who want to enjoy Hanwoo at reasonable prices," said Min Kyung-cheon, president of the National Hanwoo Association. "We will continue to discover and expand reliable Hanwoo information."
As dining costs become increasingly burdensome due to rising production prices, we selected thrifty Hanwoo stores for consumers who want to enjoy Hanwoo at reasonable prices. We will continue to discover and expand reliable Hanwoo information.
Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.