Traditional Culture Encyclopedia - Hotel franchise - Is South Korea’s consumption level high?
Is South Korea’s consumption level high?
RMB is currently sold at around 1:183 and RMB is bought at around 1:207. In other words, there is a price difference of 20 Korean won after converting it into Korean won in South Korea. South Korea’s consumption level is relatively high, but it mainly focuses on food, housing and daily necessities. Food is very expensive, fruit is sold, an apple costs 1,000; staying in a hotel is at least 3,000-~40,000 won (the kind of small hotel) which is also very expensive; and using various consumer goods, such as electronic products or gifts for relatives and friends.
The price of electronic products is similar to that in China, or even lower when there are events. The consumption level of other products is much lower than that in China. For example, a 5,000 T-shirt is very low in South Korea. If you want an interpreter to accompany you for a whole day, it will cost at least 100,000 won a day.
Today’s young people are full of curiosity about the outside world. They want to travel to different countries, see the exotic customs of different countries, and appreciate different customs. Especially for women, Japan and South Korea are their first choice for traveling abroad. Because both countries have unique beauty and diverse shopping industries, they are very popular among women. I believe you don’t know much about Korean prices, so let’s talk about Korean prices.
In South Korea, 3,000 yuan can be exchanged for about 500,000 won. How to spend such "extra" money in South Korea? It may seem like a lot of money, but in reality, it may not be exactly what you think.
Let’s talk about food first. A bottle of mineral water sold in Korean supermarkets costs 700 won, equivalent to RMB 4, while the lowest price for a bowl of instant noodles is 5,000 won, equivalent to at least RMB 30. The most famous Korean barbecue is even higher than RMB 100 per person.
I believe that before going to South Korea, some tourists will think that Koreans are really happy and can eat barbecue every day. But in fact, because barbecue is expensive, most Koreans only eat it once during major festivals. Because South Korea has a small land area, many resources are scarce. Fruit here is more expensive. A small watermelon can be sold for 15,000 won, which is almost equivalent to one yuan of 90 yuan. Can you afford this watermelon?
In terms of accommodation, an ordinary hotel in South Korea costs at least 500 yuan. In terms of transportation, the bus cost is about 1,000 won, which is equivalent to about 6 yuan. In this way, South Korea's consumption level is much higher than that of China.
Although the Korean won has a large face value, 500,000 won is not enough for consumption in South Korea. If you want to travel to South Korea, you still need to exchange some Korean won. In fact, China's tourism industry has developed very rapidly in recent years, and China's beauty even exceeds that of South Korea.
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