"Bibimmyun and Wang Ttukgop Rise" Paldo Increases Ramen Prices by an Average of 9.8%

[Asia Economy Reporter Eunmo Koo] Paldo announced on the 7th that it will raise the prices of 12 brand ramen products by an average of 9.8% starting next month on the 1st.

The main products' price increases based on supply cost are Paldo Bibimmyeon 9.8%, Wang Ttukbaegi 11.0%, and Teumsae Ramen Bbalgyetteok 9.9%. Actual retail prices may vary depending on the distribution store. A Paldo representative explained, "The manufacturing cost pressure has intensified due to the rise in raw material, logistics, and labor costs," and added, "We decided to minimize the price increase considering the impact on consumer prices." Paldo had previously raised ramen prices by an average of 7.8% on September 1 last year, and this is the first increase in 13 months.

Earlier, Nongshim, the number one company in the ramen market, also announced that it will raise the shipment prices of major ramen products by an average of 11.3% starting from the 15th, about a year after the last increase. The price increase rates by product are Shin Ramyun 10.9%, Neoguri 9.9%, and others.

This content was produced with the assistance of AI translation services.