Pizza Hut Archives | Be Korea-savvy
Pizza Hut Korea Files for Bankruptcy After Losing Franchise Lawsuit

Pizza Hut Korea Files for Bankruptcy After Losing Franchise Lawsuit

SEOUL, Nov. 6 (Korea Bizwire) – Pizza Hut Korea filed for court receivership after being ordered to pay billions of won in damages following a lawsuit by franchise owners, marking a significant downturn for the once-prominent pizza chain in South Korea. The company submitted its application for bankruptcy protection to the Seoul Bankruptcy Court on November [...]

Pizza Hut Fined 526 Mln Won for Unfair Marketing Fee

Pizza Hut Fined 526 Mln Won for Unfair Marketing Fee

SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s anti-trust regulator on Tuesday slapped a 526 million won (US$437,000) fine on Pizza Hut Korea for its unfair business practice against local outlets. The U.S.-based restaurant chain has collected a total of 6.8 billion won from franchisees here in the name of marketing and management fees outside [...]