Franchise opportunities in South Korea

Attractiveness of South Korea for the development of franchise business

The Republic of Korea is located in Eastern Asia. The population of the country is 51.25 million and 83.2% of people live in urban area. The annual household net adjusted disposable income is $19,372.

The country with a GDP of more than 1.6 trillion ranks the fourth in Asia and the eleventh in the world in terms of economic development, what makes it a tempting target for foreign investors.

South Korean franchise industry has a constructive impact on the development of the country economy. Franchise businesses contribute 7.8% of the GDP and employ 1,240,000 people. The majority of franchise companies are established in the largest cities of the country such as Seoul (10 mln), Busan (3.6 mln), Daegu (2.4 mln ), Incheon (2.8 mln), and Gwangju (1.5 mln).

The franchise market is overloaded with food services. Thus Korea Franchise Association has a great concern about the enormous number of fast food startups; as they can cause high consumer overspending. Food  service industry comprises 67% of the whole market.

There seem to be a lot of good opportunities available in service industry (only 20% of the market), and retail and wholesaling businesses (13%).

300 different business types have been operating in the country providing a wide variety of franchise activities to choose from. The initial fee for starting a franchise can be very little, just $2,000.

Browse franchise List in South Korea

Indicators of South Korean Business Market

  • Capital: Seoul

  • Currency: South Korean won (₩)

  • Education Index (2013): 0.865

  • Official languages: Korean, Korean Sign Language

  • Per capita GDP (PPP): $39,446

  • Quality-of-life index (0-10): 7.25

  • Population: 51.046 mln

  • Total GDP (PPP): $2.029 trillion

  • Ease of Doing Business Ranking, Rank: 4

  • Gini: 29.5

  • Human Development Index (HDI): 0.901

Popular franchise directions in South Korea

List of franchises for sale in South Korea

Southern Fried Chicken franchise
Southern Fried Chicken - restaurant franchise Investment from $322,850
Tapout Fitness franchise
Tapout Fitness - martial arts franchise Investment from $130,000
RAMEN IROHA franchise
RAMEN IROHA - Ramen shop franchise Investment from $45,000
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment from $
BNI franchise
BNI - Business Network International Franchise Investment from $65,000
Nutty Scientists franchise
Nutty Scientists - spectacular interactive activities franchise Investment from $45,000
Funtopia franchise
Funtopia - family entertainment centers franchise Investment from $629,674
KIO DA franchise
KIO DA - retail shops chain franchise Investment from $139,000
DetailCar franchise
DetailCar - waterless carwash franchise Investment from $9,960
al Mamà Bistrot franchise
al Mamà Bistrot - restaurant franchise Investment from $135,000
Danube Home franchise
Danube Home - furniture & home accessory franchise Investment from $400,000
Dietplus franchise
Dietplus - healthcare coaching franchise Investment from $56,000
Jour franchise
Jour - healthy restaurant chain franchise Investment from $336,942
Los Pollos franchise
Los Pollos - chicken barbecue franchise Investment from $175,980
TUCANO COFFEE franchise
TUCANO COFFEE - coffee shop franchise Investment from $84,600
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