[Featured Stock] HiteJinro Rises Over 3% Following Soju Price Increase Announcement
The stock price of Hite Jinro, which announced a price increase for soju products, is on the rise.
As of 10:52 AM on the 31st, Hite Jinro was trading at 21,750 KRW, up 3.57% from the previous close.
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![[Featured Stock] HiteJinro Rises Over 3% Following Soju Price Increase Announcement](http://www.asiae.co.kr/news/img_view.htm?img=2023071708411899416_1697703105.jpg)
On the same day, Hite Jinro announced that it will raise the wholesale prices of its flagship soju brands, Chamisul Fresh and Chamisul Original, by 6.95% starting from the 9th of next month. The price increase applies to 360㎖ bottle products and PET products under 1.8 liters (ℓ). Hite Jinro decided to raise soju prices for the first time in 1 year and 8 months since February of last year.
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