SONGWON increase prices due higher freight rates

SONGWON to increase prices due to higher freight rates

9:35 AM, 8th December 2020
SONGWON Industrial Co Ltd's headquarters in Ulsan, South Korea. (File Photo)

ULSAN, SOUTH KOREA: SONGWON Industrial Co Ltd said its prices for all products will be raised by 2 to 5 percent, depending on the business line and region.

These price increases are a consequence of the sudden escalation of freight rates that took place on most routes and are effective as of 1 January or as contracts allow.

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