Hankook will increase prices

The Korean company Hankook plans to increase prices for its products worldwide. Not so long ago, prices were raised in the USA, now an increase in prices for Hankook products is expected in other regions as well. The company's intentions were reported by Bloomberg. The increase in product prices is primarily due to the rise in raw material costs. The reason is the increase in the price of rubber.

Analysts predict an average price increase of 8% for products.