Lotteria, a burger franchise brand operated by Lotte GRS, announced on the 28th that it will increase the prices of 65 menu items by an average of 3.3% starting from the 3rd of next month.
The price increase for each product ranges from a minimum of 100 won to a maximum of 400 won. The prices of the representative menu items, Ria bulgogi and Ria shrimp, will rise by 200 won each for both individual and set menus, making them 5,000 won and 7,300 won, respectively.
A Lotte GRS official noted that the decision to raise prices was made to maintain the profit margins of franchise stores due to increased expenses as well as rising costs from external environmental factors such as foreign exchange rates and climate change.