Price hikes at franchises prompt Korean consumers to reconsider fast food

Food prices in Korea are starting to rise as high oil prices and a weakening won increase costs for fast food chains that rely on imported ingredients, prompting restaurants to raise menu prices.

2026-03-16

Prices rise 2.4% in November as weak won sends petroleum, food costs soaring

Korea’s consumer prices rose 2.4 percent in November from a year earlier, posting the highest on-year increase of 2025 for a second consecutive month as the weakness of the won sent the prices of imported products soaring.

2025-12-02

Gov't takes action as rising food prices aggravate inflation's pain

Rising food prices over the past five years have made inflation feel higher for consumers, prompting the government to step in with direct measures.

2025-10-08

2-year inflation record averted with 1.7%, but food prices keep rising

Korea’s consumer prices rose 1.7 percent on year in August, the slowest increase in nine months, with a temporary cut in mobile phone charges staving off an inverse outcome of the biggest jump in over two years.

2025-09-02

Household food spending falls to lowest level in nine years amid inflation

Korean households cut back on food and non-alcoholic beverages in the second quarter of 2025, spending less in real terms than at any point in the past nine years.

2025-09-01

Reeling in mackerel prices

A shopper selects mackerel at a large supermarket in Seoul on June 17.

2025-06-17

Gov't produce discount to expand to all domestic agricultural products

The government will expand its produce discount program to include all domestic agricultural products starting next Thursday.

2025-05-16

Food companies struggle to source ingredients as weak won pushes costs

As Korea faces political turmoil, the weakened won is driving up food prices, especially for imported staples like flour and corn. F&B companies are exploring cost-cutting measures to manage rising expenses.

2024-12-09