Korean consumers face October price hikes for snacks, buses and theme parks

  • Haitai, Woongjin Foods, bus operators and Everland announced October price increases.
  • Haitai will raise 25 brands 7.8%, while Woongjin will increase over 20 items 7%.
  • Government food discounts end after Chuseok as bus ceilings and Everland passes become more expensive.

Consumers in South Korea face higher prices for snacks, beverages, intercity and express buses, and theme park admissions after the Chuseok holiday. Haitai Confectionery & Foods will raise prices for 25 brands by an average of 7.8% from Oct. 1, including a 16.7% increase for Jayu Sigan and a 5.3% rise for Home Run Ball, while 14 other products will become smaller without price increases. Woongjin Foods will raise prices for more than 20 beverages by an average of 7%. Bus fare ceilings will increase 9% from Oct. 1, the first revision since July 2023, although operators will set actual route fares within the new limits. Everland will raise all-day admission by 3,000 won from Oct. 6, taking the adult ticket to 71,000 won. The changes follow the end of a government-backed Chuseok discount campaign covering more than 4,700 processed-food items, while companies and transport operators cite higher raw-material, fuel, logistics and labor costs and declining bus ridership.

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