Samlip(005610) said on the 9th that it will raise prices by an average of about 9% on roughly 50 bread products starting on the 1st of next month.
With this price increase, based on convenience store prices, "Jeongtong Boreumdal" will rise 11.1% from 1,800 won to 2,000 won.
"Hershey Choco Sand" will increase 9.1% from 2,200 won to 2,400 won, and "Cheese Fresh Pang" will rise 4.0% from 2,500 won to 2,600 won, respectively. The products seeing increases and the specific rates may vary by distribution channel.
A Samlip official said, "We have continued internal self-rescue efforts to absorb the burden from the sharp rise in raw and subsidiary material costs, but unavoidably decided to raise prices on some items."
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