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Price Hikes Sweep Across Korea After Chuseok

The large-scale discounts offered during the Chuseok holiday have ended, while prices for food, transportation and leisure activities are all set to rise. The wave of price increases immediately following the holiday reflects a combination of companies’ mounting cost pressures and transportation ope

  • Chuseok holiday precedes price hikes in Korea
  • Food industry leads with 25 brands price increases
  • Long-distance bus fares raised 9% for first time since 2023

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