South Koreans Hit by ‘Bingsu-flation’ as Shaved Ice Prices Soar to $150
While Singaporeans enjoy $3 ice kacang, South Koreans face sticker shock as luxury bingsu prices spark outrage and memes.
SEOUL – Imagine paying $150 for a bowl of shaved ice.
That’s the reality for some in South Korea, where the country’s beloved icy dessert, bingsu, has become so expensive that a new term has entered the local vocabulary: “bingsu-flation.”
While in Singapore, a serving of ice kacang can still be had for around $3, South Koreans are seeing prices for premium bingsu versions skyrocket — especially at high-end cafés and hotels, where a single bowl can cost between $30 to $150.
The price surge has sparked online outrage, memes, and heated discussions over whether the rising cost reflects luxury branding, inflation, or just seasonal opportunism.
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