Franchise business Archives

Franchise Profits Diverge in South Korea as Headquarters Prosper, Outlets Struggle

SEOUL, Oct. 10 (Korea Bizwire) — South Korea’s franchise industry is showing widening fault lines between franchisors and franchisees, as corporate headquarters enjoy rising revenue while their outlets grapple with falling earnings. Data released Friday by corporate tracker Leaders Index revealed that across seven key sectors — coffee and beverages, fried chicken, pizza, convenience stores, bakeries, [...]

South Korean Franchisors Abuse Their Power

SEOUL, Jun. 29 (Korea Bizwire) — As the number of franchise businesses in South Korea such as fried chicken restaurants is increasing exponentially, conflict between franchisors and franchisees is on the rise. The number of franchisors that were sanctioned by the Fair Trade Commission for violating the Franchise Business Act has increased fourfold compared to [...]