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4 out of 10 S. Korean firms saw 20% hike in raw material prices: BOK Updated: 2022-06-27 17:45:36 KST

South Korean companies are under pressure because of the rise in prices of commodities and raw materials.
A survey of 5-hundred-70 companies conducted by the Bank of Korea from May 12th to June 2nd found that all the respondents had experienced a rise in such prices.
4 in 10 said they'd seen a rise of 20 percent or more from a year earlier.
Almost 7 in 10 said they've already had to raise their own prices because of these costs.
The companies blamed the war in Ukraine and China's pandemic lockdowns.
Most of them expect inflation to continue this year, and more than half are planning to raise prices in the future.
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