Food companies struggle to source ingredients as weak won pushes costs

As Korea faces political turmoil, the weakened won is driving up food prices, especially for imported staples like flour and corn. F&B companies are exploring cost-cutting measures to manage rising expenses.

2024-12-09

How to distort a pricing structure

We cannot go on sustaining our society at the expense of the public sector and future generations.

2024-07-03

Agriculture Ministry to monitor prices of 28 key food items

The Agriculture Ministry will monitor food prices closely as part of the government's efforts to tame inflation, it said Thursday.

2023-11-09

Gov't launches multi-ministry scheme to fight inflation

A government-wide special scheme has been launched to manage prices of key food and other items to bring inflation under control, the Finance Ministry said Thursday.

2023-11-09

Choco Pies, yes Choco Pies, might become more expensive

Even the mighty Choco Pie may be no match for inflation, with Orion possibly raising the price of the marshmallow-chocolate delight. The move could shake the industry as the snack, both an icon and a bellwether, has been selling at...

2022-07-13

War on the dinner table

Shop owners have begun to stock up on flour before the prices of ingredients for popular dishes — noodles, dumpling and bread — shoot up.

2022-03-27