Starting May 20, the price of PlayStation Plus (PS Plus) will increase in select regions.

Sony announced the price hike for PlayStation Plus via its official X (formerly Twitter) account. The price increase will apply to new subscribers in certain regions beginning May 20. Sony cited "current market conditions" as the reason for the change.

Following the increase, PlayStation Plus pricing will start at $10.99 (approx. ₩16500) for a 1-month subscription and $27.99 (approx. ₩42k) for a 3-month subscription. Currently, in the U.S., the most affordable tier, Essential, is priced at $9.99 (approx. ₩15k) for one month and $24.99 (approx. ₩37600) for three months.

In South Korea, the current subscription cost for the Essential tier is ₩10800 for one month and ₩28400 for three months. The Extra tier is ₩16200 for one month and ₩46k for three months, while the Deluxe tier is ₩19k for one month and ₩54k for three months.

Sony stated that this price increase will not apply to existing subscribers. However, Turkey and India are exceptions, where the new pricing will apply if an existing subscription is modified or expires.

Meanwhile, Sony previously raised the price of the PS5 console in the U.S., Europe, Japan, and the U.K. last April. In South Korea, all console prices were also increased effective May 1. At the time, Sony explained that the adjustment was made "due to continued pressure across the global economic environment."