Oracle's South Korea branch increases prices for all products by approximately 10%

Glonghui June 18｜According to South Korea's ETNews citing industry insiders, Oracle's South Korea branch has initiated price increases across its entire product line. Recently, it has sent product price adjustment notifications to partners and major clients, with Oracle's main products supplied to the Korean market rising by around 10%. The main reason for this price hike is that high exchange rates have pushed up costs. Industry insiders pointed out that the price increases are not limited to the Korean market but are being implemented simultaneously worldwide. A relevant representative from Oracle Korea stated: "For some time, we have not been able to fully reflect the increase in exchange rates in our product prices. This adjustment is a price correction based on recent market conditions. According to common practice in contracts with clients and partners, specific details such as the exact increase for each product line cannot be disclosed publicly."