franchise Archives | Be Korea-savvy
S. Korean Franchises Subject to Stricter Restrictions than U.S.

S. Korean Franchises Subject to Stricter Restrictions than U.S.

SEOUL, Sept. 20 (Korea Bizwire) — A recent study has revealed that South Korea imposes harsher regulations on franchise owners than the United States. The Korea Economic Research Institute (KERI) said that South Korea has more than twice as many regulations on franchises than in the United States. South Korean regulations tended to focus on [...]

Sia Partners Launches its Affiliate Program

Sia Partners Launches its Affiliate Program

Paris FRANCE, Aug. 9 (Korea Bizwire) – Sia Partners, a leading independent consulting firm in France and pioneer of Consulting 4.0, announces the launch of its affiliate program, which aims to recruit partner firms that will use Sia Partners’ brand, international expertise, and Consulting 4.0 ecosystem under franchise. FOUNDING PRINCIPLES OF THE AFFILIATE PROGRAM Since [...]

Franchisees Can File for Damages Incurred by Franchise: Watchdog

Franchisees Can File for Damages Incurred by Franchise: Watchdog

SEJONG, Jan. 24 (Korea Bizwire) – South Korea’s antitrust watchdog said Thursday that franchisees can file a suit against their franchise headquarters to seek compensation for damages brought on by bad management.  The Fair Trade Commission included the mandatory measure in a revised standard franchisee deal that covers convenience stores, food service outlets and retail and [...]

Sandwich Franchisee Complains About Unfair Agreement

Sandwich Franchisee Complains About Unfair Agreement

SEOUL, Sept. 12 (Korea Bizwire) – A South Korean business person is calling out Subway, the sandwich franchise headquartered in the U.S., for having an unfair franchise agreement and conciliation policy.  The franchise agreement stipulates that when a Subway restaurant is ordered to shut down by headquarters, the only way for the restaurant to challenge the [...]

Franchises Less Profitable Than Stand-Alone Shops

Franchises Less Profitable Than Stand-Alone Shops

SEOUL, Dec. 22 (Korea Bizwire) – Despite much larger sales, franchisees in South Korea earn less money than owners of stand-alone stores due to higher costs, a report said Thursday.  The operating margin for one-man franchise stores in the wholesale and retail sectors came to 12.8 percent in 2014, 10.5 percentage points lower than that [...]

ArKay Beverages Announces the Possibility of Opening an ArKay Social Cafe with an Investment as Low of $10,000

ArKay Beverages Announces the Possibility of Opening an ArKay Social Cafe with an Investment as Low of $10,000

FORT LAUDERDALE, Fla., Apr. 28 (Korea Bizwire) — Other cafe franchises may ask you to invest as much as $250,000 and pay upfront fees to open a coffee shop. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=32487 ArKay Social Cafe is the best alternative to franchises because it is not asking for any fees, [...]

NFL Super Bowl 2014 Champion, Michael Robinson, Chooses Fresh Healthy Vending for New Business Venture

NFL Super Bowl 2014 Champion, Michael Robinson, Chooses Fresh Healthy Vending for New Business Venture

SAN DIEGO, Mar 28, 2014 (Korea Bizwire) - Fresh  Healthy Vending International, Inc. (OTC  Markets: VEND), North America’s leading healthy vending franchisor,  announces its completed franchise deal with Super Bowl 2014 Champion  Michael Robinson, who today purchased 10 Fresh Healthy Vending Combo  machines. Continuously aspiring to encourage today’s youth to lead  healthy lifestyles through knowledge [...]

Store Clerks, Be Aware of Mystery Shoppers!

Store Clerks, Be Aware of Mystery Shoppers!

SEOUL, Korea, Feb 27 (Korea Bizwire) – Probably you know who “mystery shoppers” are. Now, warfare of nerves is sharpening between store clerks and the mystery shoppers and it is always hot. The mystery shoppers disguising themselves as normal customers by performing specific tasks such as purchasing a product, asking questions, filing complaints or behaving [...]