Orion said on the 19th that it will cut prices of some of its products by an average of 5.5%. The move is to support the government's price stabilization policy.
Three products are subject to the price cuts: BaeBae, Bio Candy, and Orion Wafers. Based on convenience store retail prices, BaeBae will drop by 100 won (6.7%) from 1,500 won to 1,400 won. Bio Candy will be cut by 100 won (5%) from 2,000 won to 1,900 won. Orion Wafers will fall by 200 won (4.8%) from 4,200 won to 4,000 won.
However, "Choco Pie," one of Orion's flagship products, is excluded from this round of price cuts.
An Orion official said, "This price cut is intended to support the government's price stabilization stance."
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