Statement:
In Iceland, people spend less of their household budget on food and non-alcoholic beverages than in South Korea

In the Where households spend more on food rating Iceland holds position #115 ²⁰²¹ out of 138 and South Korea is #112 out of 138 ²⁰²¹.
Position of Iceland is better than position of South Korea.
Both countries holds average positions in the "Where households spend more on food" rating. So % of household budget for food and non-alcoholic beverages is an average for both Iceland and South Korea, compared to most countries of the World.

Referencies:

1. Where households spend more on food ²⁰²¹ by International Labor Organization

   The countries in the rating sorted by '% of household budget for food and non-alcoholic beverages' in descending order.

   Iceland	'% of household budget for food and non-alcoholic beverages' value is	14.81
   South Korea	'% of household budget for food and non-alcoholic beverages' value is	15.45