CreatripTeam

Bakery inflation is hitting South Korea hard, with bagel prices soaring by 44% over the past three years, according to a report by Korea Credit Data. Popular items like salt bread and sandwiches have also seen significant price hikes of over 30%. Despite rising costs, profitability for bakeries is decreasing due to high expenses such as rent, ingredients, and labor. Large franchises are more financially stable compared to smaller, independently owned bakeries, which are struggling with low sales and high closure rates.