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  1. At S.Korea's fried chicken diners, palm oil squeeze feeds inflation...

    by
    GiaPurser5186
    , 05-18-2022 at 04:06
    By Cynthia Kim and Jihoon Lee

    SEOUL, April 29 (Reuters) - Mr Lee's diner, a cheap-and-cheerful fried chicken shop near central Seoul, has held firm against raising prices for a decade and a half.

    But now, Mr Lee says, Indonesia's cooking oil export ban and its costly squeeze on prices have been the last straw: he expects to follow larger chains of South Korea's ubiquitous "chimaek" fried chicken-and-beer outlets that are raising prices, even if he risks losing ...
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