Prices of 10 chocolate products, including Haitai Confectionery and Home Run Ball, will increase by 8.59% on average.

Haitai Confectionery has decided to increase the price of 10 products with a high proportion of chocolate raw materials by an average of 8.59% from next month.

The consumer price of the flagship 'Home Run Ball' will increase 11.8% from KRW 1,700 to KRW 1,900, and the 'Free Time' will increase by 20% to KRW 1,200.

Haitai Confectionary said the price of cocoa, the main ingredient of chocolate, has soared, and labor and logistics costs have risen, forcing it to adjust the prices of some products.

As of yesterday (21st), cocoa futures were $8,635 per ton on the New York Mercantile Exchange, more than doubling from earlier this year.