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MarketsDeveloping
6.6

South Korean restaurants face margin squeeze from commodity inflation

South Korean restaurant operators report sharp increases in input costs across beef, pork, eggs, vegetables, and packaging materials—with wholesale beef prices up 43% in recent weeks. Rising global oil prices are cited as a primary driver of inflationary pressure on the hospitality sector. The claims are based on direct operator testimony but lack broader sector data or official inflation statistics.

South China Morning Post·KR·about 5 hours ago
Corroborating