Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Bets 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Orion Corporation, a South Korean confectionery company headquartered in Munbae-dong, Yongsan District, Seoul, is set to hike up prices of its products on Thursday, Sept. 15. Around 16 items are affected by the price increase.
As per The Korea Times, this will be the first time in nine years that Orion Corporation is raising the prices of some of its items. The rates could go up by an average of 15.8% this week, and this was confirmed by the company on Tuesday, Sept. 13.
The first price increase to be implemented since 2013 will include the favorite snack - Choco Pie. This popular product's price is set to increase by 12.4%, and the next highest increase is for the Poca Chip, with 12.3%, while the Turtle Chip will be 11.7% more expensive starting tomorrow.
It was reported that this move was not Orion's original plan. Until early this year, rather than hiking up the prices of its products, the company was planning to raise its share in the market by capitalizing on its snack line's price competitiveness.
Orion shared that the costs of its sugar, potatoes, and cooking oil already went up more than 70% year-on-year as of the end of August. The company further noted the cost of energy for the production of its products soared by over 90% as well in the same period.
"We have been effectively freezing the prices of all our products by actively reducing manufacturing costs and pushing forward cost-effective management," an official at Orion said in a statement regarding the hike. "However, due to the soaring prices of raw materials and energy sources since last year, the company has been under pressure to raise prices."
He added, "We have defended well against our profit decline thanks to our increasing sales overseas until the first half of this year. However, our profitability has been falling significantly from July and so we decided on the price hike."
The official clarified that the company would only raise the prices of items with profit margins that have dived because of the rising costs of energy and raw materials. Lastly, he said that Orion would immediately lower the prices again once the cost of raw materials and energy becomes stable.
