franchises in South Korea

Franchise opportunities in South Korea

Popular franchise directions in South Korea

List of franchises for sale available in South Korea

YOKO franchise
YOKO - Fix-Price Retail Franchise Investment from $45,000
Etagi franchise
Etagi - Real Estate Franchise Investment from $20,000
Tenacious Techies franchise
Tenacious Techies - full service digital marketing agency franchise Investment from $2,000
PunctureSafe franchise
PunctureSafe - total tyre protection franchise Investment from $1,875
EPL Yakutian Diamonds franchise
EPL Yakutian Diamonds - Fine Jewelry Store Franchise Investment from $15,000
Rulomatik™ franchise
Rulomatik™ - Vending Machines Franchise Investment from $88,520
PANO Global Sign’service franchise
PANO Global Sign’service - Advertising & Marketing Franchise Investment from $34,000
Abakus Center franchise
Abakus Center - Abakus Center - Child Education Franchise Investment from $5,505
Mikel Coffee Company franchise
Mikel Coffee Company - Cafe Franchise Investment on demand
Verbatoria franchise
Verbatoria - Talent Quotient - Child Care Franchise Investment from $4,990
C House Italia franchise
C House Italia - Cafe Franchise Investment from $100,000
Morendi franchise
Morendi - Car Detailing & Chip Tuning Franchise Investment from $80,800
Mango Mania franchise
Mango Mania - Cafe Franchise Investment from $76,500
Hit
BookingCat franchise
BookingCat - pet hotels chain franchise Investment from $4,530
Choupette franchise
Choupette - kids clothing shop franchise Investment from $46,000
Krispy Kreme franchise
Krispy Kreme - doughnuts and coffee store franchise Investment from $275,000
Travelto franchise
Travelto - Hotel Franchise Investment from $82,590
Podsolnuh PRO franchise
Podsolnuh PRO - Kids Center - Child Care Franchise Investment from $26,020
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment on demand
KidsDevelop franchise
KidsDevelop - Child Education Franchise Investment from $11,660
Orangetheory Fitness franchise
Orangetheory Fitness - fitness centre franchise Investment from $488,405
Bye Bye Nitz franchise
Bye Bye Nitz - lice treatment center franchise Investment on demand
Goodwill franchise
Goodwill - gastronomic supermarkets franchise Investment from $222,000
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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 the 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 the 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.

There are high investment business opportunities, as well as cheap franchises in South Korea presented for review, the choice is yours.

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

Franchising news in South Korea

World Franchise Expo in South Korea
World Franchise Expo in South Korea
13.12.2019
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The 52nd International Franchise Expo in South Korea
The 52nd International Franchise Expo in South Korea
29.04.2019
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MK Start-Up and Franchise National Trade Fair in South Korea
MK Start-Up and Franchise National Trade Fair in South Korea
07.03.2019
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Seoul International Franchise Expo in March
Seoul International Franchise Expo in March
09.01.2019
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