SEOUL, Aug. 19 (Korea Bizwire) — McDonald’s Korea said Friday it will raise prices of its main products for the second time in about six months in a move seen as intended to transfer soaring raw material and logistical costs over to customers. The Korean unit of the global fast food giant McDonald’s said it [...]
SEOUL, June 27 (Korea Bizwire) — About 4 out of 10 companies in South Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity bills, a central bank survey showed Monday. According to the survey by the Bank of Korea on 570 firms, 40.3 percent said so, [...]
SEOUL, Jan. 17 (Korea Bizwire) — U.S. food chain McDonald’s said Friday that it will raise its menu prices largely due to increased costs, joining rivals such as KFC for price hikes. According to McDonald’s Korea, the company’s South Korean unit, the average price of its eight menu items will rise by 1.36 percent starting [...]
SEOUL, Oct. 7 (Korea Bizwire) – South Korean steelmakers are raising the prices of their steel products to reflect increased costs of raw materials, industry sources said Monday, though the price hikes are likely to be lower than expected. POSCO, South Korea’s largest steelmaker, recently agreed with a local carmaker to raise the prices of [...]