Interesting news in Korea #1
BBQ, which has a number of franchises, was blamed on raising the price of fried chickens improperly.
A few weeks ago, BBQ announced that many factors forced it's price raise, but media and most Korean didn't trust this argument.
They thought that BBQ had used its dominant power in fried chicken market to make money avidly.
Actually, BBQ forced the owners who operate its fried chicken shop under franchise to burden some part of the marketing cost, while BBQ officially announced that the main reason of raising prices is to improve each franchise's financial difficulty. There are too many fried chicken shops and brands in Korea, but most fried chicken franchise brands tried to overcome too crowded fried chicken market by collusion of raising prices, not normal competition.
Specifically, the the mean price of menu in fried chicken franchise brands rapidly increased compared to general price, while the number of fried chicken shops in Korea has increased and the price of raw chicken decreased.
Search from various English teachers...
Corrections · 0
Don’t miss out on the opportunity to learn a language from the comfort of your own home. Browse our selection of experienced language tutors and enroll in your first lesson now!
Start Learning Today
