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Korean franchises' growth slows

2019-04-08 1 Dailymotion

프랜차이즈산업 성장세 '주춤'…가맹본부당 매출도 7.1%↓<br /><br />Franchise companies in Korea have more franchisees, but business is slow, suggesting the market is saturated.<br />Data from the trade ministry shows that in 2017, revenue was up nearly 3 percent on-year... far lower than the 17 percent growth two years prior.<br />The number of franchise stores, though, had risen more than five percent.<br />The ministry said they were struggling with higher labor costs and more competition. <br />

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