In South Korea, fried chicken is the latest sign of inflation woes
Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had just slashed 12% off its already-heavily discounted prices. “There were already over 50 people lined up,” Park told CNN Business, adding that many arrived early and waited well over an hour.
Leading chicken chains have raised menu prices by an average of 2,000 Korean won , according to Yunjin Park, a senior research analyst of food and nutrition at Euromonitor, citing the “rising prices of ingredients.” This led to a roughly 10% to 15% jump in the price of fried chicken, she added.
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