South Korea is battling deflation. Both manufacturers and sellers must report shrinking goods

South Korea is battling deflation. Both manufacturers and sellers must report shrinking goods
South Korea is battling deflation. Both manufacturers and sellers must report shrinking goods
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The trend in the form of deflation has diverged especially in the last two years in response to increased spending and the frequent reluctance of customers to pay high prices. In essence, however, it is a marketing trick in that the price of the product will remain the same, but the contents of the packages will change, according to the Reuters agency.

The South Korean adm mine was patient with almost a single manufacturer and decided to send the first consumers there. In addition to food, stock up on household items, such as shampoo, cleaning products or toilet paper.

The new rule will enter into force in Jin Korea at the end of August after a dark protection period, during which manufacturers and suppliers have the opportunity to adapt to the new rule. In the case of the first offense, the orders there will be smaller and the penalty will be only 5 million won (about 80 thousand crowns). Other similar offenses will be subject to criminal penalties.

Clem is to prevent a situation where many companies tend to reduce the size, weight and quantity of their products without sufficient warning. In such a case, the consumer is relatively unaware of the price, the South Korean antimonopoly agency said in its report.

The rising cost of living in Jin Korea was a major concern of the recent parliamentary elections there, in which the then ruling party of President Yoon Suk Yeol suffered a significant loss. Before that, however, this government took a whole series of measures to tame price increases, including the dream tax. She also pressured businesses not to make their products so healthy.

With a similar measure as in Jin Korea a few weeks ago, France also drank. Supermarkets there will have to mark the goods for which the contents of the packages have changed, but the price has remained the same or increased, from the 1st inspection. The new regulation will apply to food and consumer products in industrial packaging.

The article is in Czech

Tags: South Korea battling deflation manufacturers sellers report shrinking goods

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