Korea's food and dining industry is seeing widespread price increases for beverages, snacks, and baked goods due to rising raw material costs and a high won/dollar exchange rate. Major brands like Starbucks and Burger King have raised prices, with further increases expected. Cocoa and Arabica coffee prices have hit record highs, and the ongoing high exchange rate contributes to higher import costs, burdening food companies. Consumers express concern over rapid price hikes amid this economic instability. Government plans to discuss solutions with industry representatives.
