Daesang said on Wednesday it will cut prices for Chungjungone cooking oil products.
The cuts will apply to three Chungjungone consumer products: olive oil, canola oil and sunflower oil. The reductions will range from 3 to 5.2 percent.
A Daesang official said, "We decided to cut prices to join the government’s price-stability drive." The official added, "Daesang will continue to make active efforts to ease household burdens and strengthen consumer benefits."
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