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Kyochon to Exit Coupang Eats in Exclusive Deal With Baemin, Signaling Shift in Korea’s Food Delivery Wars

Kyochon to Exit Coupang Eats in Exclusive Deal With Baemin, Signaling Shift in Korea’s Food Delivery Wars

SEOUL, June 25 (Korea Bizwire) — Kyochon Chicken, South Korea’s third-largest fried chicken franchise, will withdraw from delivery app Coupang Eats starting next month as part of an exclusive partnership with market leader Baedal Minjok (Baemin). The move marks the industry’s first known case of a delivery platform offering preferential terms in exchange for app [...]

Chicken Franchise Sales Rise in 2017 Amid Struggling Affiliated Outlets

Chicken Franchise Sales Rise in 2017 Amid Struggling Affiliated Outlets

SEOUL, April 3 (Korea Bizwire) — Sales of South Korea’s major chicken franchises rose in 2017 from the previous year amid a growing number of affiliated outlets going out of business due to intense competition, industry sources said Tuesday. Fried chicken and beer, called “chimaek” in South Korea, is one of the most popular foods [...]

KFC Maintains Prices Despite Pressure

KFC Maintains Prices Despite Pressure

SEOUL, Jun. 20 (Korea Bizwire) — Despite many chicken franchises lowering prices amid pressure from the government, international fried chicken giant KFC is bucking the trend and has so far maintained the cost of its menu items. With the recent establishment the Fair Trade Commission headed by newly appointed former professor of trade Kim Sang-Jo, [...]