McDonald's Is Reportedly Looking to Sell Its South Korean Business

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McDonald's Is Reportedly Looking to Sell Its South Korean Business

Seeking Alpha2022-06-09

McDonald's Corporation is looking to sell its South Korean business, according to a report from Korea Economic Daily.McDonald's (MCD) has tasked Mirae Asset Securities as an advisor to help it find a ...

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ARIESan
·2022-06-10
Bye bye
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liverpool777
·2022-06-10
Good analysis
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1
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mel18
·2022-06-10
Fried chicken is the way to go in korea
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SSVC
·2022-06-10
K
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2
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TSY123
·2022-06-10
Okay
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1
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我发大财了
·2022-06-10
Ok
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2
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Targarean
·2022-06-10
Too much competition from Korean fried chicken 😂
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1
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kevinlaisq
·2022-06-10
Pls like
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1
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Mindthink
·2022-06-10
Ok
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1
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andrew123
·2022-06-10
Like
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5
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RS69
·2022-06-10
[Surprised]
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3
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AngelaChan
·2022-06-10
Interesting 🤓
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SPOT_ON
·2022-06-10
Ok
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3
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HF133
·2022-06-10
Ok
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1
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DarkFate
·2022-06-10
Like
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2
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eheheh
·2022-06-10
Nice
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3
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Jason_LSE
·2022-06-10
Only if they create Kimchi Burgers 🍔! No need to sell their Korean business. [Grin] Only if they create Volka ice cream Burgers 🍔! No need to sell their Russian business. [Sly]
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moneytome
·2022-06-10
They got their own macs
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ShareShare
·2022-06-10
[LOL]
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Gabrielle_20
·2022-06-10
👍
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The outbreak of COVID-19 in 2019 also hit the sector hard.The McDonald's (MCD) South Korea development follows other M&A moves in the South Korean restaurant sector with Affinity Equity Partners planning for a sale of its stake in Burger King’s operations in South Korea and KG Group having hired Samjong KPMG LLC to look at to potentially selling KFC Korea.Against that backdrop, industry sources said the number of burger restaurants is getting closer to a maximum level, which could make the MCD sale tougher than anticipated.McDonald's (MCD) South Korean unit has seen losses for the last three years, with the pandemic a major drag on earnings for two of 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if they create Kimchi Burgers 🍔! 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