Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward 
Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas 
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Global Flight Cancellations 2026: Middle East Air Travel Chaos Explained 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling 
Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
McDonald’s Korea is set to raise prices of food items, and the new rates are taking effect starting Feb. 17. The fast-food chain said that its move comes after other restaurants implemented price hikes not long ago.
According to The Korea Herald, McDonald’s Korea said late last week that it is planning to raise prices of at least 30 items on its menu list. Customers may expect a price increase of 2.8 percent.
With the price list at the Korean unit of McDonald’s, the price of leading food items such as the Bulgogi Burger will now cost ₩2,300 from ₩2,200, and this is about $1.92. Coffee is also affected by the markup, and a small-sized Americano will now be ₩1,900 won. Its previous price was only ₩1,700.
Customers will also see new prices for McDonald’s Korea’s popular combo meals. Starting this Thursday, they will be ₩200 to ₩300 more expensive. Then again, the burger joint said that the prices of its McSpicy Shanghai Burger and the bestselling Big Mac meal would remain the same.
In recent weeks, despite the inflation fears, McDonald’s Korea was the only fast-food brand in the country that has not yet imposed a price increase on its menu. It was mentioned that in December, after the inflation has started, Burger King, Lotteria, and Shake Shack hiked prices up. Lotteria implemented the highest increase, which was 4.1 percent, while BK was only 2.9 percent and the latter was at three percent.
Now McDonald’s Korea also decided that it should follow suit as well. An official from the fast-food explained, “We have decided to raise prices of some food items in response to rising costs in ingredients and international logistics.”
Meanwhile, with the changes in prices, South Korea’s Finance Minister Hong Nam Ki said the government will be keeping an eye on price increases. He assured the consumers during a meeting last week that they will not be lenient and come down hard on any unlawful practices such as excessive price hikes or collusion, especially on restaurant and processed foods prices.
“Stabilizing consumer prices and managing economic risks are the most important goals within the first quarter,” Korea Joongang Daily quoted the finance minister as saying. “Government departments including the Fair Trade Commission will significantly increase their market monitoring within this month.”
