SEOUL - South Korea's kimchi makers are in serious pain: a climate change-induced shortage of cabbages sent prices rocketing this year, exacerbating damage inflicted by cheaper offerings from Chinese competitors. Such is the sense of crisis surrounding the spicy pickled...
"We used to purchase cabbages in June then store them for use later when cabbage prices climb, but this year we are already out of stock," said Mr Ahn Ik-jin, chief executive of kimchi maker Cheongone Organic.
Chinese imports, often priced at about a third of locally made kimchi, have surged over the past two decades to account for 40 per cent of the domestic market for commercially made kimchi.Last year, almost half of South Korea's 1,000-odd kimchi makers either shut down permanently or temporarily or switched over to other products, according to a study by Korea Rating and Data.
For its part, the government hopes the storage complexes will also"greatly contribute to strengthening domestically made kimchi's position globally", said deputy director Lim Jeung-guen of the agricultural ministry's food industry promotion division, adding that more complexes could be built if the first two work out well.
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