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Concerns are growing that soaring raw material costs could have a knock-on effect on the prices of daily necessities, following price hikes initiated by some of the largest liquor and dairy firms in South Korea. Korean brewery giant Oriental Brewery announced that starting Wednesday, it will raise the factory price of its beer products such as Cass and Hanmac, by an average of 6.9 percent. "The price adjustments.
Consumers are expected to face a spike in the cost of daily necessities after the Chuseok holiday amid soaring international crude oil and other raw material prices, according to industry officials, Monday.