Published:
Higher minimum wage pushes fast food price surge
The minimum wage jumped from 6,470 won ($5.99) per hour last year to 7,530 won ($7.08).
Fast food franchise KFC raised the price of its chicken and burgers by up to 7% last year. Coffee Bean and Tea Leaf raised the price of its coffee by 7% last month. McDonald’s raised the price of some items and sets by up to 300 won ($0.28) last month.
Burger King has also decided to raise prices on 12 items by 100 won ($0.094) from March 2. Burgers such as Whoppers, Cheese Whoppers, Bulgogi Whoppers, Chicken Tenders and Coconut Shrimp will be affected as well.
