Hite to jack up beer prices by 2.58 pct

SEOUL, Nov. 27 (Yonhap) -- Leading South Korean beer maker Hite Brewery Co. said
Friday it will raise beer prices by 2.58 percent starting with next week's
shipments because of an increase in materials costs.

The price for a 500-milliliter bottle of beer will rise to 1,019.17 won (US$0.87)
from 993.55 won, while a 355-milliliter can will rise to 1,101.21 won from
1,073.52 won.
The company said it was raising prices because of increased packing costs and the
won's weakness against the U.S. dollar.
jia@yna.co.kr
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