News

Franchising

Staff Reporter

, South Korea

Published:

9 months ago

McDonald's Korea's CEO Kim Ki-won speaks at a news conference at a hotel in central Seoul on July 5, 2023, to celebrate the 35th anniversary of the company's establishment in South Korea, in this photo provided by the company. /Yonhap

McDonald’s targets 500 stores in South Korea by 2030

The fast-food giant will be opening eight drive-thrus in the country.

McDonald’s Korea is planning to open 500 stores in South Korea by 2030, Yonhap reports.

CEO Kim Ki-won said it will open eight new drive-thrus this year as it pushes to reach 500 stores. The company currently operates around 400 stores in the country.

"We will focus on strengthening all contact points with customers and enhancing convenience to provide a better experience to customers," Kim said in a news conference meant to celebrate the 35th anniversary of the company's establishment.

McDonald's Korea has become a company with annual sales of 1 trillion won ($766.9m), with daily customers of 400,000, a dramatic increase from its annual sales of 1.7 billion won ($1.3m) and daily visitors of 3,000 in 1988 when it opened its first store in Seoul

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