Mr. Pizza Archives | Be Korea-savvy
Founder of Mr. Pizza to Stand Trial for Embezzling 15 Billion Won

Founder of Mr. Pizza to Stand Trial for Embezzling 15 Billion Won

SEOUL, July 25 (Korea Bizwire) – The founder of a local pizza franchise will face trial on charges of embezzlement and breach of trust worth 15 billion won (US$13.4 million), prosecutors said Tuesday. The Seoul Central District Prosecutors’ Office has indicted Chung Woo-hyun, ex-head of MP Group, for misappropriating company funds, breach of duty and [...]

South Korean Franchisors Abuse Their Power

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 [...]