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Leading OTC drugmakers rushing to price hike game
Domestic OTC manufacturers are considering joining the price increase rally of their popular OTC products to cushion the impact on soaring raw material costs due to the Korean currency’s steep depreciation.
The prices of 40 OTC products, including vitamins, digestives, medical plasters, household insecticides and tonics, have already risen by 8 to 30 percent on average since last Decembers.
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The prices of 40 OTC products, including vitamins, digestives, medical plasters, household insecticides and tonics, have already risen by 8 to 30 percent on average since last Decembers.
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