Disney Nominates Former Apple COO Jeff Williams to Join Its Expanding Board 
Paramount’s $108.4B Hostile Bid for Warner Bros Discovery Signals Major Shift in Hollywood 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval 
U.S. Defense Bill Sets Record $901 Billion Budget, Includes Ukraine Aid 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Australia’s Business Conditions Ease in November as Capacity Constraints Persist 
U.S. Economic Outlook 2026: Growth Seen Strengthening as Fiscal Support Ramps Up 
Trump Administration Fuel-Efficiency Rollback Could Raise Long-Term Costs for U.S. Drivers 
Global Markets Steady as Yen Holds Firm After Japan Earthquake Amid Central Bank Focus 
U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
Asian Markets Slip as Investors Brace for Fed Rate Cut and Global Policy Decisions 
Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Kyochon F&B is increasing the prices of its fried chicken menu items by up to KRW3,000 or $2.30. Starting next Monday, April 3, the restaurant chain will implement the hiked-up rates in its stores in South Korea.
Kyochon still pushed through with its decision to raise the prices of its fried chicken despite the Korean government’s request for restaurants to avoid further price increases for the food they serve. The officials made this special request in an effort to help the citizens, especially low-income households, in reducing the burden brought about by high prices of commodities and food.
According to The Korea Times, as Kyochon F&B chose to raise its prices regardless of the plea, customers will now have to shell out almost KRW30,000 if they want a fried chicken for dine-in or delivery from the restaurant brand.
It was mentioned by one of Kyochon Chicken’s franchise operators that the Kyochon Original will now cost KRW19,000 from the previous KRW16,000 while the price of its Honey Combo signature menu will go up from KRW20,000 to KRW23,000.
Moreover, the prices will be much higher for deliveries as the company will charge KRW5,000 for the service. Thus, in total, having a Kyochon Chicken delivered to homes will put the price of the menu in the range of KRW30,000.
With this development, it can be recalled that Genesis BBQ’s chairman Yoon Hong Geun, said last year that customers should pay at least KRW30,000 for fried chicken, and this has earned him tons of criticism from customers. His statements even resulted in some government officials trying to summon him to the National Assembly audit.
In any case, Kyochon Chicken said it was left with no choice but to implement a price hike on its fried chicken because it has been struggling to keep up with the worsening profitability of its franchise stores in the past few years. It was noted that the price increase next month comes a year and five months after its last hike in November 2021.
"In addition to the rise of rents, labor costs, and various commissions, the recent raw material price hike led us to be more desperate for improvements in the business environment of our franchisees," Kyochon explained.
