South Korea's New Year food and daily necessities prices rise

IDUS FnB's fried chicken brand, PURADAK, has seen a price increase of up to 1,000 won for its dishes due to rising costs of chocolate and palm oil. This trend is also observed in products of Orion and Haitai Confectionery, as well as daily necessities and cosmetics. The weakening of the won is expected to further drive the prices of food, beverages, and daily necessities in the new year.

Wholesale and retail company IDUS FnB said on the 2nd that the prices of 10 dishes of its fried chicken brand PURADAK have increased by up to 1,000 won (about 5 yuan) since December 30 last year. Some snack manufacturers have recently raised the prices of their products on the grounds of rising chocolate and palm oil prices, thereby pushing up the prices of products in large supermarkets and convenience stores. The prices of 13 products under Orion rose by an average of 10.6% last month, and the prices of 10 products of Haitai Confectionery rose by an average of 8.6%. The prices of some daily necessities such as shampoo, hand sanitizer, and batteries sold in convenience stores have risen, ranging from 100 to 1,000 won. The prices of cosmetics have also risen one after another. The price of the main product of LG Household & Health Care's ...