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Discover the Late-Night Secrets of Korean Cafes

Experience the vibrant lifestyle of Korean cafes after dark. Discover the late-night culture, delicious treats, and cozy atmospheres that make them a must-visit. Uncover the hidden gems of Seoul's nightlife with our guide. ....

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Starbucks is the most preferred coffee store among the Koreans

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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Meet Kim Su-min, the aspiring actress who has yet to find love on 'Single's Inferno'

An aspiring actress with a flourishing modeling career is one of the newest additions to the popular South Korean dating show “Single’s Inferno.” ....

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Gap Between Top and Bottom Franchises Widens


May 07, 2021 12:47
Convenience stores, fried-chicken chains and cheap American-style pizza restaurants were among the most successful franchises in Korea in 2019, but many languish as the gap between the top and bottom widened significantly.
The top-ranked franchises were GS25 (convenience store), Kyochon (fried chicken), Domino s Pizza, A Twosome Place (coffee shop), KFC (fast food) and Paris Baguette (bakery). The findings are based on data of 7,092 franchises provided by the Korea Fair Trade Commission.
Among convenience stores, GS25 boasted per-store sales of W665 million a year, followed by rivals Ministop (W590 million), CU (590 million), 7-Eleven (482 million), and E-Mart 24 (407 million) (US$1=W1,123).
But the number of outlets did not ensure greater success. BBQ was the top-ranked fried-chicken franchise in terms of store numbers, followed by BHC and Kyochon. But Kyochon had much better per-store sales at 653 million, up 44 percent compared to four yea ....

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