SEOUL, Dec. 26 (Korea Bizwire) — The number of franchise outlets in South Korea increased more than 10 percent on-year in 2021, data showed Monday, led by convenience stores and restaurants. Franchise stores numbered 259,662 as of end-December last year, rising sharply from 234,872 a year earlier, according to the data compiled by Statistics Korea. [...]
SEOUL, March 22 (Korea Bizwire) — Sales at franchise outlets in South Korea declined 5.5 percent on-year in 2020 due to the fallout of the COVID-19 pandemic, led by a slump in sales at dining-out brands, the corporate watchdog showed Tuesday. Sales at franchise outlets averaged 311 million won (US$254,400) in 2020, compared with 329 [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of franchise outlets in South Korea rose more than 9 percent in 2020 despite the coronavirus pandemic, but their sales dropped for the first time since 2013, data showed Monday. Franchise stores numbered 235,709 as of end-December last year, up 9.5 percent from a year earlier, according [...]