Banseog note · Oct 25, 2026
Kyochon F&B — building overseas business and new brands on top of its domestic franchise core
- Where it stands now
- Diversification — widening growth through store openings in Japan and China and non-chicken restaurant brands
Consolidated sales in the second quarter of 2026 were KRW 132.3 billion, up 4.9% from a year earlier, while operating profit fell 15.7% to KRW 7.8 billion owing to raw and subsidiary material prices and transport costs.
Average sales per Kyochon Chicken franchise store in 2025 were KRW 780 million, and the closure rate was 0.6% according to the 2025 business report.
According to Korea's National Pension Service public workplace data, the company had 356 people on the pension register in August 2026, an adjustment of 7 (1.9%) fewer than in October 2025. Over that period 49 people joined and 59 left.
- Three decisions within a year
- Entry into Japan: on September 29, 2026 it signed a strategic business agreement with Japanese food distributor Arai Shoji, aiming to open its first Tokyo store in the first half of 2027. It plans to spread to surrounding cities through a multi-unit franchise model that opens several stores in one area.
- More stores in China: in October 2026 it opened a store of about 79 m² in a shopping mall near Lake Tai in Wuxi, Jiangsu Province. Following its first Shenzhen store in February 2025, a second Shenzhen store is also about to open.
- Franchising of buckwheat dish brand 'Memil Danpyeon': first launched in Yeouido in February 2024, the brand applied in early October 2026 to register its franchise disclosure document. The initial investment for a franchise store was given as KRW 281.05 million.
- Three people it will look for
- Overseas franchise development — must prepare the first Tokyo store with the Japanese partner and continue opening stores in major Chinese cities
- Overseas store quality and operations training — must handle training and oversight so that local stores keep the same taste and quality
- New restaurant brand franchise developer — must lead the first step in moving Memil Danpyeon from directly run stores to a franchise system
- For HR
- Overseas franchise development and local operations staff overlap with the overseas business teams of other chicken and restaurant franchises. With the first Tokyo store about a year away, now is the time to bring in someone to run the Japan business.
- For job seekers
- Experience with overseas master or multi-unit contracts at a restaurant franchise, or with converting a new brand to franchising, is worth the most at this company right now.
A reading written from public sources. Sources: Newsis 2026-08-07 (Q2 sales and operating profit), ZDNet Korea 2026-05-18 (average franchise store sales, closure rate), Seoul Shinmun 2026-10-06 (Arai Shoji agreement), Financial News 2026-10-06 (first Tokyo store in H1 2027), E-Today 2026-10-02 (Wuxi store, second Shenzhen store), Sportal Korea 2026-10-16 (Memil Danpyeon franchise registration), Korea's National Pension Service public workplace data (headcount). Team size is from Korea's pension register.