Sajo Group, a comprehensive food company, will raise prices across major products, including canned goods, sauces, and edible oils, starting early next month.
According to the food industry on the 16th, Sajo Group will raise the factory prices of major processed foods starting on the 3rd of next month. It is known to have completed consultations with major distribution channels such as big-box retailers.
By item, among canned goods, tuna cans will rise 10%, and seafood cans such as Pacific saury and mackerel will rise 20%.
Prices for sauces such as gochujang, doenjang, and ssamjang, and for edible oils such as sesame oil and perilla oil, will also be raised uniformly by 12% each.
Sajo Group already raised prices for fish cakes and imitation crab products by 6–7% as of the 2nd.
The food and beverage industry has been rolling out price hikes one after another around June 3, the date of the local elections. It is seen as companies that had delayed increases in consideration of the government's price-stability stance now judging it is no longer possible to endure the accumulated expense burden.