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Strained Holiday Budget: Escalating Eatery Costs Pinch Household Wallets During Festivities

Rapid increase in restaurant prices forces home-cooking surge, with dining out expenses ascending 2.1% year-on-year in April.

Strained Holiday Budget: Escalating Eatery Costs Pinch Household Wallets During Festivities

** meals in Myeong-dong, Seoul's heart, displayed on the 6th of April [NEWS1]**

Scooping up Korea's Hottest Eats

Step into Myeong-dong, a dazzling district peppered with street vendors and vibrant eateries, offering a smorgasbord of flavors to tantalize your taste buds. Here are some popular dishes you shouldn't miss:

  • Tteokbokki: Sizzling rice cakes, often accompanied by fish cakes and boiled eggs, are a must-try street food delight.
  • Hotteok: Indulge in these sweet pancakes brimming with honey and sugar, an ideal treat for any time of the day.
  • Gimbap: Wrapped in edible seaweed, this versatile dish features rice, veggies, and sometimes meat, providing a unique spin on sushi.
  • Corn-Dog-Topped French Fries: Quirky and tasty, this fusion snack blends classic corn dogs with a generous helping of crispy fries.

Don't leave without stopping by Myeongdong Kyoja, a Michelin-recommended gem dishing out delicious dumpling soup boasting silky noodles and a rich broth [3].

Inflation's Bites on Street Food Prices

Though specific data on how inflation impacted Myeong-dong's street food prices in 2025 is unavailable, here's what we know: Inflation can drive up the costs of ingredients and raw materials, potentially leading to higher prices for street food vendors and customers alike.

However, even amid inflationary pressures, Myeong-dong's street food stands competitive with fine dining options, offering mouthwatering meals at relatively budget-friendly prices for food lovers seeking an authentic Korean experience.

[Source: JoongAng Ilbo via generative AI and our staff]

Fun Fact: Myeong-dong's street food scene came to life in the 1960s, drawing inspiration from Seoul's bustling Gwangjang Market [5].

  1. The hustle and bustle of Myeong-dong, Seoul's heart, has extended its vibrant influence to the global stage, making itsinternational culture a significant highlight in international finance and business discussions.
  2. In this district that boasts a food-and-drink lifestyle, the economy thrives, with businesses capitalizing on the attraction of foodies worldwide, seeking an authentic taste of Korea.
  3. Amid the vigor of international finance, the government closely monitors inflation rates to maintain a balance between maintaining the economy and preserving the affordability of street food for locals and tourists alike.
  4. The slightest signs of inflation, when it comes, may find its way into the price of menu items in Myeong-dong, but the district's unique offerings continue to remain competitive with other international food hotspots.
  5. As trends in finance evolve, so does the lifestyle in Myeong-dong, with food-and-drink establishments adapting to cater to a more diverse clientele seeking diverse culturally immersive experiences.
  6. Meanwhile, in the flavorful world of Myeon-dong's street food scene, innovation blossoms, leading to unique fusion dishes that manifest the ever-changing intersection between business, economy, and lifestyle.
  7. Whether you're a food connoisseur or a casual passerby, Myeong-dong's tantalizing array of treats invites you to partake in a mixed bag of Korean history, culture, and tradition – all wrapped up in a single bite.
Steep restaurants costs push food aficionados to prepare meals at home, as the price to dine out surges 2.1% over last year in April.
Steep rise in dining costs forces home-cooking comeback, as restaurant bills surge by 2.1% year-on-year in April.
Steep restaurant costs push people toward homemade meals, as dining out expenses increase by 2.1% in April compared to the previous year.

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