, South Korea

McDonald’s South Korea back on sale: report

The seller is expected to send out “teaser letters” to potential buyers as early as next month.

McDonald’s South Korea is back on sale, with the fast food chain seeking a strategic partner to oversee operations in the country.

Citing multiple sources, Pulse News reported that McDonald’s headquarters in the United States hired Mirae Asset Securities as its advisor to find a business operator in Korea. 

The deal would involve a full stake in McDonald’s Korea owned by McDonald’s APMEA Singapore Investment Pte. Ltd. and business rights in Korea, it added.

The seller is expected to send out “teaser letters” to potential buyers as early as next month, the report added.

Read the full report here.

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