September 2, 2004

Prices Of Korean Milk Products To Rise

Seoul Milk, the No. 1 milk producer in Korea, will raise the prices of its products in September. This move comes as it accepted dairy farmers' demands for a price hike.

The company will increase prices by around 10-15 percent, or about 13 percent on average, a compromise on the farmers' demand for a 20 percent hike.