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

List of franchises for sale in South Korea

SmartyKids franchise
SmartyKids - mental arithmetic school franchise
Investment from
10 500 $
Submit request
UKUB franchise
UKUB - franchise of speedcubing children`s center
Investment from
20 000 $
Submit request
GVIDO Gelato franchise
GVIDO Gelato - franchise of ice cream cafe
Investment from
70 300 $
Submit request
My Town franchise
Investment from
5 000 $
Submit request
RAMEN IROHA franchise
RAMEN IROHA - franchise of Ramen shop
Investment from
45 000 $
Submit request
Claustrophobia franchise
Claustrophobia - real-life quests franchise
Investment from
37 500 $
Submit request
Gemotest Laboratory franchise
Investment from
12 000 $
Submit request
9rounds franchise
9ROUND - franchise of kickbox fitness centers
Investment from
$
Submit request
Choupette franchise
Choupette - kids clothing shop franchise
Investment from
46 000 $
Submit request
Southern Fried Chicken franchise
Southern Fried Chicken - restaurant franchise
Investment from
322 850 $
Submit request
 Business Network International Global franchise
BNI - Business Network International Franchise
Investment from
65 000 $
Submit request
Nutty Scientists franchise
Nutty Scientists - spectacular interactive activities franchise
Investment from
45 000 $
Submit request
Funtopia franchise
Funtopia - franchise of family entertainment centers
Investment from
629 674 $
Submit request
KIO DA franchise
KIO DA - franchise of retail shops chain
Investment from
139 000 $
Submit request
DetailCar franchise
DetailCar - franchise of waterless carwash
Investment from
9 960 $
Submit request
Danube Home franchise
Danube Home - furniture & home accessory franchise
Investment from
400 000 $
Submit request
Dietplus franchise
Dietplus - franchise of healthcare coaching
Investment from
56 000 $
Submit request
Al-Mama franchise
al Mamà Bistrot - restaurant franchise
Investment from
135 000 $
Submit request
JOUR franchise
Jour - healthy restaurant chain franchise
Investment from
336 942 $
Submit request
Los Pollos franchise
Los Pollos - franchise of chicken barbecue
Investment from
175 980 $
Submit request
Tucano Coffee franchise
TUCANO COFFEE - franchise of coffee shop
Investment from
84 600 $
Submit request
Questoria franchise
Questoria - franchise of organize birthdays, corporate and kids parties
Investment from
3 140 $
Submit request
Prive7 Express franchise
Prive7 Express - beauty salons franchise
Investment from
113 000 $
Submit request
Snap Fitness franchise
Investment from
148 771 $
Submit request
Sky Zone franchise
Investment from
1 343 813 $
Submit request
JAN-PRO franchise
Investment from
3 985 $
Submit request
Minuteman Press franchise
Investment from
64 238 $
Submit request
Jazzercise franchise
Investment from
3 700 $
Submit request
uBreakiFix franchise
Investment from
60 400 $
Submit request

Popular franchise directions in South Korea

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