From around the webTuesday, December 11, 2012
- 3) It Is Expensive in Seoul!
Seoul is one of the most expensive cities in the world to buy wind, infant formula, smartphones, cosmetics and jeans because of its exclusive distribution structure, according to Consumers Korea which compared the prices of 55 daily necessities sold at department stores, discount stores and supermarkets in 18 countries. Seoul was among the top 5 most expensive cities for 17 of the products. For example, Ritz Lytton Springs Zinfandel wine from the U.S. was sold at the highest price of 113,000 won ($104.20) in Korea, followed by China (97,490 won), Italy (78,170 won), Taiwan (75,420 won) and Thailand (58,160 won). In the U.S., the same product retails for 28,000 won, meaning it is four times more expensive in Seoul. Exclusive distributors like department stores tend to import and distribute foreign wines, cosmetics, jeans and infant formula, and they have the most expensive distribution margins and sales commissions.
A Metaldyne executive once stayed in Renaissance Hotel in Gangnam, Seoul, and he was very much surprised at the $38 price tag for a breakfast buffet at the hotel. He ended up gaining 10kg in a week in Renaissance Hotel. Being very strict in his cost efficiency policy, he emptied as many dishes as possible, counting how much money spent per kilogram of food he consumed.
- I never knew McDonalds did pizza and failed at it. Check out the full list McDonald's Failed Products at Listverse: http://listverse.com/2009/05/30/top-10-failed-mcdonalds-products/
- A new episode of SemiPermanent is out - this time about sports in Seoul http://vimeo.com/55151294
For the best food in Seoul, why not check out these? :D -...http://fb.me/T4iy1nj4
- A Fat Girl's Food Guide Reviews Between: Great cocktails, mediocre food ♥
- Food Specials:
Tuesday from 4pm 2 for 1 Fish and Chips at the Wolfhound Pub
1/2 price burger and fries at Dillinger's Bar
Pasta Night at Craftworks.