CreatripTeam

Orion Corporation announced its highest profits ever, surpassing an operating income of 500 billion KRW. This achievement is attributed to strong international sales in markets such as China, Vietnam, and Russia, as well as a shift from cocoa-based products due to rising raw material costs. However, the company faced criticism for raising product prices at the end of last year, despite its record-breaking profits, with competitors like Haitai Confectionery and Lotte Wellfood increasing prices less significantly. Orion explains this price hike was due to anticipated price rises in cocoa and nuts.