Deal graveyard: S.Korean F&B franchise sales left without takers
Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea ar...
BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders
BTS member Suga and former Major League Baseball (MLB) pitcher Chan Ho Park are putting their money on the Athletics, formerly the Oakland Athletics...
Blackstone in talks to acquire Korea’s top salon chain Juno Hair in $590 mn deal
US private equity firm Blackstone Inc. is pursuing the acquisition of Juno Hair, South Korea’s largest premium hair salon chain, in a deal tha...
S.Korean game developer Krafton acquires Japan’s ADK for $517 million
Krafton Inc., a major South Korean game publisher, has acquired Japan's leading advertising and animation group ADK for 75 billion yen ($517 million...
SPC Samlip to export ggultteok in H1 2025
SPC Samlip Corp., a subsidiary of South Korea’s food and bakery giant SPC Group, said on Monday that its rice cake franchise Bizeun developed ...
Lotte Card Card to launch loans for affiliates in Vietnam
South Korea's Lotte Card said on Monday it will launch loans for affiliates in Vietnam.Lotte Finance Vietnam, the Vietnamese corporation of Lotte Ca...
S.Korea's BBQ enters world's most populous market, India
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...
Mom's Touch to enter Laos in 2025
South Korean homegrown burger and chicken brand Mom's Touch & Co. said on Wednesday that it signed a master franchise agreement with Laos-based ...
BBQ Chicken to enter Indonesian market
Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, said on Monday that it signed a master franchise agreement with PT ...
Tous les Jours to enter Singapore market
CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of the bakery chain brand Tous les Jours, announced on Monday t...
E-Land Retail to enter convenience store market
South Korea's E-Land Retail, the operator of Kim's Club, NC Department Store, and New Core Outlet operator, plans to enter the convenience store mar...
Tous les Jours to open five stores in Cambodia
Tous les Jours, the bakery brand under South Korea's CJ Foodville, announced on Monday that CJ Foodville signed a master franchise (MF) agreement wi...
Burger, chicken franchises raise prices after elections
Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as th...
Hollys Coffee goes to Japan as Korean franchises turn gaze abroad
Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...
Krafton eyes mega M&A, PUBG franchise deals: Krafton chair
Krafton Inc., South Korea’s gaming behemoth, is gearing up for the second chapter of its business through “mega” M&A deals and...
Mom’s Touch to open first store in Japan
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Monday that it will open its first directly managed store Shibuya...
Fried chicken chain bhc to enter Thailand in 2024
South Korea’s No. 2 fried chicken brand bhc Group announced on Thursday that it signed a master franchise agreement with Thailand’s Me...
Mom's Touch Tokyo pop-up store visitors exceed 30,000
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday its pop-up store in Shibuya, Tokyo, Japan successfully con...
Lotteria to introduce kitchen robot Alpha Grill
South Korea's Lotte GRS, the operator of fast food franchise Lotteria, plans to introduce a kitchen automation robot Alpha Grill in stores. Alp...
Kkanbu Chicken opens first overseas store in Philippines
South Korea's chicken franchise Kkanbu Chicken opened its first overseas branch in Manila's Solaire Resort.According to the company on Tuesday, the ...
South Korea’s Dailybeer to enter into Singaporean market
Dailybeer, South Korean craft beer and fried chicken chain, announced on Friday it signed a contract with Singapore-based Katrina Group for joint in...
K-food, beauty franchise stores set for Laos foray
Laos’ largest private company Kolao Group has attracted about a dozen South Korean franchise operators to join its aggressive push into the So...
KFC Korea to start franchise business for faster growth
Fast food chain KFC said on Friday it will begin franchise store operations in South Korea next year, when the company will mark 40 years of busines...
CJ Olive Young to expand men's product line
South Korea's health and beauty store chain CJ Olive Young on Thursday said its study of customer data over the past three years found that the prop...
US burger chain Five Guys to launch in South Korea on June 26
The American burger chain Five Guys, which has attracted keen interest in South Korea for its service and prices even before its entry into the coun...
Paris Baguette to showcase at London Franchise Show 2023
Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Friday that it will participate in the London International Franchise...
Mom's Touch signs franchise agreement with Mongolian firm
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Tuesday that it has signed a master franchise agreement with loca...
Goobne Chicken signs franchise contract with Texas-based company
Goobne Chicken, an oven-baked chicken brand operated by GN Food Corporation of South Korea, announced on Thursday that it had signed a master franch...
Kyochon sets sights on Western expansion with Canadian franchise deal
Kyochon F&B, the operator of South Korea's premier fried chicken brand Kyochon Chicken, said on Tuesday that it has secured a master franchise a...
Orchestra PE acquires KFC Korea for about $50 mn
Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...
