Hong Kong Home Prices Stabilize in August After July Decline 
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power 
TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims 
China Industrial Profit Growth Slows as Weak Demand Offsets AI Gains 
OpenAI AI Agents Bypassed UN Website Controls in Data Scraping 
China Agrees to Buy 20 Million Tons of U.S. Coal 
AMD Hits $1 Trillion as BofA Raises Price Target to $720 
U.S. Stock Futures Fall as Iran, Oil and AI Risks Rattle Markets 
Nidec Shares Plunge on Report of $6.3 Billion Impairment Charge 
Japan Warns Markets Over Yen Weakness 
Australia Budget Deficit Narrows to A$22.3 Billion on Stronger Tax Revenue 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Oura IPO Draws Strong Demand Ahead of $2.2 Billion Offering 
OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents 
Northern Star Shares Surge After Rejecting Gold Fields Takeover Bid 
China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans 
OpenAI Agents Access U.S. Government Websites During Testing 
Add as a preferred source on Google
Kyochon F&B Co., a leading fried chicken store chain in South Korea, is set to enter the Canadian market this year. It is able to expand in this region after signing a master franchise deal with a local company.
Kyochon’s store openings in Canada are part of its expansion plans in the country’s western region. Initially, the fried chicken brand is aiming to open at least 30 new stores here in the next five years.
The company operates one of the top fried chicken franchises in its home ground Korea. It said on Tuesday, Feb. 21, that it has inked a master franchise agreement with a partner recently. This is expected to boost the presence of Kyochon Chicken in the North American market.
As per Pulse News, the deal was between Kyochon USA and Mirae F&B Holdings, a food service, wholesaler, and retailer subsidiary of Mirae Investment Co. The latter is also into lodging and gas station operations in Canada.
It was said that Kyochon is aiming to advance in this territory, and its first store is set to open this year in Vancouver, Canada. The British Colombian city was chosen because it is the country’s third-largest city and a place where the Korean community is very active. Moreover, Koreans are flourishing in Vancouver which makes it even more ideal for opening well-known homegrown brands.
To reach more markets, Kyochon F&B will also open new stores in other parts of the world. In fact, it is planning to launch its first store in Hawaii within the first half of 2023.
Finally, Kyochon Chicken already has a presence in other countries such as the United States, the Philippines, Malaysia, Thailand, United Arab Emirates, China, and Indonesia. Currently, it has a total of 67 stores outside of South Korea, according to The Korea Economic Daily.
Photo by: Huynh Quyet/Unsplash
