Lotteria burgers get 2.2% more expensive from today

Home > Business > Industry

print dictionary print

Lotteria burgers get 2.2% more expensive from today

Lotteria is raising burger prices starting today.

The fast food franchise announced Wednesday that it was going to raise the price of 11 of its burgers by an average of 2.2 percent.

Its Teri Burger, for example, will now cost 2,300 won ($2.04), up from the original 2,000 won. The price of the Classic Cheese Burger will rise from 4,000 won to 4,200 won.

“We have decided to increase prices due to economic factors, but hope to offer customers higher quality and service,” read a statement from the franchise.

Cafe franchise Angel-in-us Coffee also announced it would raise prices of 17 of its beverages by an average of 2.7 percent, or 200 won. Both Lotteria and the cafe chain are operated by Lotte GRS, the food business subsidiary of Lotte Group.

Angel-in-us cited higher prices of ingredients - like coffee beans and milk, as well as higher labor costs - for the beverage price hike.


By Kim Eun-jin

More in Industry

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Shinsegae Group chair passes down shares to children

This Chuseok, the gift sets are meaty, boozy and pricey

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now