Samyang Foods to Raise Ramen Prices by 9.7% from Next Month 7, Including Buldak Bokkeummyeon

[Asia Economy Reporter Eunmo Koo] Samyang Foods announced on the 21st that it will raise the prices of 13 brand products, including Buldak Bokkeummyeon and Samyang Ramen, by an average of 9.7% starting November 7.

With this increase, the prices of Buldak Bokkeummyeon and Samyang Ramen in packet form will rise by 8.7% and 9.3%, respectively. Accordingly, the retail price of Buldak Bokkeummyeon at large supermarkets will increase by 84 won, from 936 won to 1,020 won per packet, and Samyang Ramen will increase by 68 won, from 700 won to 768 won. Actual selling prices may vary depending on the distribution channel.

A Samyang Foods official stated, "Like many domestic food companies, the cost burden has increased due to the sharp rise in production costs such as imported raw materials including flour and palm oil, logistics, and utilities, but we have endured this through export expansion. However, as the deficit in the domestic business has accumulated and the situation worsened in the second half of the year, we have inevitably decided to raise prices."

He added, "We sincerely apologize for the burden this places on customers' grocery expenses and will repay you with better quality."

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