SEOUL, May 5 (Korea Bizwire) — Consumer prices for hamburgers in April marked the highest growth in 19 years as franchise chains raised their burger prices due to soaring raw material and logistical costs, data showed Thursday. According to data from Statistics Korea, hamburger prices rose by 17.1 percent last month compared to a year [...]
SEOUL, Dec. 7 (Korea Bizwire) — A hamburger franchise from British chef Gordon Ramsay is coming to South Korea this month. The franchise, however, is already facing controversy for prices that are expected to be much higher than any other country in the world. The outlet, coming to Lotte World Mall in southern Seoul, will [...]
SEOUL, April 13 (Korea Bizwire) — While most restaurants are facing a serious survival crisis due to the coronavirus outbreak, hamburger franchises are showing better performance thanks to take-out and delivery services. McDonald’s Korea reported that more than 10 million cars visited McDrive, McDonald’s drive-thru service, in the first quarter this year. Shinsegae Food Inc.’s [...]
SEOUL, Dec. 11 (Korea Bizwire) — “No Brand” burgers from Shinsegae Food Inc., the food manufacturing arm of South Korean retail giant Shinsegae, are dominating the hamburger market. Analysts say that Shinsegae’s cost-effectiveness strategy for its new No Brand Burger restaurants is behind such growth. The company managed to lower the price by more than [...]
SEOUL, Feb. 27 (Korea Bizwire) – The local unit of a popular U.S. burger maker has stood atop in global sales, only seven months after its launch in Seoul on the back of swelling demand from local customers, the company said Monday. The Gangnam branch of Shake Shack Burger, located in the posh namesake district [...]
SEOUL, Dec. 14 (Korea Bizwire) – The launch of Shake Shack’s first Korean franchise on the main thoroughfare in Gangnam was met with unparalleled success, with the restaurant attracting an average of 3,000 visitors each day. The local operator of the franchise, SPC Group, is hoping to keep the momentum afloat by opening a second [...]
SEOUL, July 27 (Korea Bizwire) – Shake Shack, a New York-based casual restaurant chain, finally launched the first of its long-anticipated Korean franchises last week. Perhaps unsurprisingly, the launch was followed by soaring popularity and public interest in premium homemade burgers. According to Gmarket, an e-commerce platform, sales of ‘hamburger makers’ skyrocketed by over 1,400 [...]
SEOUL, June 8 (Korea Bizwire) – Korea’s burger fans will finally get to taste the delectable offerings of one of the most popular hamburger franchises in New York City: Shake Shack. Best known for its burger and milk shake combo, Shake Shack is an American fast casual restaurant. Last year, Korean food and confectionary giant SPC [...]
ALISO VIEJO, Calif., Apr. 6 (Korea Bizwire) — Johnny Rockets recently signed the largest development deal in the brand’s history with a plan to open 100 restaurants in China, with the first scheduled to open in 2016. Johnny Rockets has entered into partnership with a joint venture between AUM Hospitality and Parkson Retail Group Ltd. [...]