SEOUL, Apr. 26 (Korea Bizwire) — McDonald’s Korea said Friday it will raise the prices of 16 menu items by an average of 2.8 percent from May 2 due to higher logistics and labor costs. The 16 menu items subject to price hikes include the Egg Bulgogi Burger, Bulgogi Burger, Cheese Burger and Triple Cheese [...]
SEOUL, Oct. 26 (Korea Bizwire) — McDonald’s Korea said Thursday it will increase the price of 13 menu items by an average 3.7 percent, including the signature Big Mac, next week due to higher food and shipping costs. Under the plan, the price of a Big Mac will rise 300 won to 5,500 won (US$4.06) [...]
SEOUL, July 5 (Korea Bizwire) — McDonald’s Korea said Wednesday it will expand the number of its stores in South Korea to 500 by 2030 as it unveiled its new burger for this year. The South Korean unit of the U.S. fast-food giant will open eight new drive-thru stores this year, 10 more ordinary stores [...]
SEOUL, May 11 (Korea Bizwire) — McDonald’s Korea said Thursday its net losses widened in 2022 from a year earlier, despite strong sales. Net losses deepened to 36.3 billion won (US$27.4 million) last year from 34.9 billion won in 2021, the South Korean unit of U.S. fast food giant McDonald’s said in a regulatory filing. [...]
SEOUL, Feb. 6 (Korea Bizwire) — Dongwon Group, a major South Korean food company, is pushing to acquire McDonald’s Korea, industry sources said Monday, in the food maker’s push to strengthen its restaurant business. Dongwon Industries Co., the holding company of the group, has been the preliminary sole bidder in the acquisition of McDonald’s Korea, [...]
SEOUL, Dec. 16 (Korea Bizwire) — McDonald’s Korea said Thursday it will adopt the Hi-Pass, an automatic tolling system on major expressways, for its drive-thru (DT) service in South Korea. The Korean unit of the global fast food giant McDonald’s signed a business agreement with Korea Expressway Corp., Shinhan Card Co. and KIS Information & [...]
SEOUL, Aug. 19 (Korea Bizwire) — McDonald’s Korea said Friday it will raise prices of its main products for the second time in about six months in a move seen as intended to transfer soaring raw material and logistical costs over to customers. The Korean unit of the global fast food giant McDonald’s said it [...]
SEOUL, Aug. 17 (Korea Bizwire) — Police said Tuesday they have launched an investigation into an allegation that a Seoul branch of McDonald’s Korea used food products past their expiration dates. The Gangnam Police Station in southern Seoul has been investigating the CEO of McDonald’s Korea on charges of violating the Food Sanitation Act after [...]
SEOUL, June 8 (Korea Bizwire) — McDonald’s celebrity collaboration with K-pop supergroup BTS is sweeping across South Korea. McDonald’s Korea, the South Korean unit of U.S. fast food chain, reported a 283 percent increase in Chicken McNugget sales between May 27 and June 3, compared to four weeks prior to the “BTS meal”s release. The [...]
SEOUL, May 28 (Korea Bizwire) — On Friday afternoon at a McDonald’s store in Seoul, people were seen lining up in front of kiosks to buy the “BTS meal” introduced early that day. The U.S. fast food giant released the BTS meal, in collaboration with the K-pop supergroup, in 10 countries on Thursday morning. McDonald’s [...]