Ottogi Withdraws Price Increase Plan... "Joining Efforts for Livelihood Stability"

Ottogi decided to raise the convenience store selling prices of 24 products starting next month on the 1st but later withdrew the plan.

On the 27th, Ottogi stated, "The burden of raw material costs that have accumulated since last year has continued into this year, and we had planned to raise the prices of 24 products sold at convenience stores, including curry and ketchup, starting from the 1st of next month, but we have decided to withdraw this plan." They added, "This decision was made to participate in stabilizing people’s livelihoods amid difficult economic conditions under the government’s price stabilization policy."

Previously, Ottogi had planned to raise the prices of powdered curry and its representative product, ketchup (product name: Kechab). Accordingly, the price of powdered curry and powdered jjajang products (100g) was to increase from 2,500 won to 2,800 won, a 12.0% rise. Additionally, the prices of soups such as cream soup and beef soup (80g) were also planned to increase from 2,500 won to 2,800 won, a 12.0% hike.

Furthermore, the prices of home meal replacements (HMR) such as 3-minute curry and 3-minute beef curry and jjajang (200g) were to be raised from 2,000 won to 2,200 won, a 10% increase, and the 3-minute meatballs were to be raised from 2,800 won to 3,300 won, a 17.9% increase.

Tomato Kechab (300g) was to be raised from 2,650 won to 3,000 won, a 13.2% increase, and brown rice vinegar (500㎖) was planned to increase from 2,100 won to 2,200 won, a 4.8% rise.

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