How much does a Chuseok ancestral rite table cost for a family of four this year?

The finance ministry estimated the average cost at 331,089 won, or $247. That was down 2.3 percent from a year earlier.

Gov't to spend extra $67.2 mil. on food discounts ahead of Chuseok

Q: How much extra money is South Korea spending on Chuseok food discounts in 2026?

The government will allocate an additional 90 billion won, or $67.2 million, to stabilize prices of major food items ahead of Chuseok. That comes on top of 103 billion won previously announced.

Q: How long will the Chuseok discount campaign run and what products are included?

The campaign will continue until the end of the month, instead of ending on Sept. 23. The government will also release another 2,000 tons of popular fishery products and discount 4,765 products with 20 processed food manufacturers.

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Summary

Korea will allocate an additional 90 billion won to stabilize prices of major food items ahead of the extended Chuseok holiday, on top of 103 billion won previously announced. The finance ministry said the discount campaign will run until the end of the month, with Chuseok set for Sept. 24-27. The government will also release another 2,000 tons of popular fishery products and offer discounts of up to 64 percent on 4,765 products. It estimated the average cost of preparing a Chuseok ancestral rite table for a family of four at 331,089 won, down 2.3 percent from a year earlier.

Key Facts

The Ministry of Finance and Economy said the additional budget amounts to 90 billion won, or $67.2 million.
The discount campaign, originally scheduled to end on Sept. 23, will continue through the end of the month.
The government will work with 20 processed food manufacturers to discount up to 4,765 products by as much as 64 percent.

By Yonhap

Published Sep 9, 2026 1:55 pm KST

Customers shop at a traditional market in Seoul, Sept. 1. Yonhap

Korea will allocate an additional 90 billion won ($67.2 million) to stabilize prices of major food items ahead of this month's extended Chuseok holiday, on top of the 103 billion won previously announced, the finance ministry said Wednesday.

The Ministry of Finance and Economy unveiled the plan as the country prepares to celebrate Chuseok, the Korean equivalent of Thanksgiving, from Sept. 24-27. The holiday is marked by visits to hometowns, family reunions, ancestral rites, and preparation and consumption of specially prepared food.

The discount campaign, originally scheduled to run through Sept. 23, will continue until the end of the month.

The government will release another 2,000 tons of popular fishery products this month, supplementing an earlier batch of 20,000 tons.

It will work with 20 processed food manufacturers to offer discounts of up to 64 percent on 4,765 products, the finance ministry added.

The ministry, meanwhile, said the average cost of preparing a Chuseok ancestral rite table for a family of four was estimated at 331,089 won ($247), down 2.3 percent from a year earlier.

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