Emart Raises Prices of No Brand and Peacock... "Unavoidable Due to Rising Raw Material Costs"

Average Price Increase of About 10% for Some Products

Peacock meal kit products are being sold at Emart Seongsu branch. (Photo by Emart)

Emart announced on the 5th that it will raise the prices of some products from its private brands No Brand and Peacock by an average of about 10%.

According to Emart, prices of products such as snacks and cakes will be adjusted starting this month. They explained that the price increase became unavoidable due to soaring raw material costs.

Previously, Emart declared in September last year that it would freeze the prices of all products, about 1,500 No Brand items and 700 Peacock items, until the end of the year.

An Emart representative said, "Considering the rapid increase in raw material prices and difficulties faced by partner companies, we had no choice but to raise prices on some products," adding, "We are continuously making efforts to minimize price increases through improvements in the distribution structure."