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South Korea's trade deficit in kimchi in 2017 was 50.3 billion won (about 300 million yuan), up 11% from 2016, according to trade statistics released by the South Korean Customs Office on Thursday. This is not only the highest level since the relevant statistics were implemented in 2000, but also the first time that the deficit has passed the 50 billion won mark. At the same time, the import and export volume gap for Kimchi in South Korea is also at a record high , with 275,600 tonnes of kimchi imported in 2017, 10 times the amount exported (243,000 tonnes). One reason behind this string of figures is that Chinese-made kimchi is cheap and has entered the Korean market in a big way. Chinese kimchi accounts for 99% of South Korea's imports. In this regard, the Korean media exclaimed that "Chinese-made kimchi has captured the Korean market."
"The humiliation of kimchi host country," Yonhap reported on the 17th, South Korea's agricultural and aquatic food distribution commune recently released a report shows that South Korean restaurants generally use Chinese-made kimchi, encouraging South Korea's imports of kimchi scale is higher than the scale of exports year by year. South Korea's kimchi import and export prices vary greatly, which is one of the reasons for the increase in the annual import scale of Korean kimchi. In 2016, for example, South Korean kimchi exports cost $3.36 per kilogram, while imported kimchi cost only $0.50 per kilogram. The story was widely quoted and reprinted by the Korea Herald Economics, Daily Economics and other media.
Korea Daily said on the 17th, because Of China's kimchi is cheap, compared with South Korea's kimchi has a competitive advantage, is widely accepted by South Koreans. So whether it's Koreans in China or Han Chinese, even South Koreans are building large processing plants in China to produce kimchi. More than 100 kimchi factories in Shandong, Liaoning and Jilin, China, have established trade relations with South Korea. South Korea's parliament, Park Geun-hye, began calling on the government in October to take appropriate support measures to expand kimchi exports, the Korea Agricultural News said. "If the kimchi trade continues in deficit form, South Korea's status and image as a kimchi host country will be affected," he warned.
reporter Li Jun.