SEOUL, January 26 (AJP) - The cost of preparing an ancestral table at traditional markets ahead of the Lunar New Year holiday has been surveyed at 296,500 won(about 205 dollars), slightly lower than last year.
According to a survey conducted by Korea Price Information (KPI), a specialized price research agency, on Jan. 25, the cost for a four-person family declined 1.98% year-on-year at traditional markets. Large discount stores also saw a 0.64% drop to 406,880 won(about 282 dollars) compared to the previous year.
Prices for fruits and vegetables including pears, jujubes, radishes, and cabbage decreased.
This year's Seollal falls on Feb. 17, marking the first day of the first lunar month and the beginning of the new year. It is one of Korea's major holidays, during which families typically perform ancestral rites.
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