The first opening of a Popeyes restaurant in South Korea is expected in 2022.
The Popeyes brand and a wholly-owned subsidiary of Silla Co., Ltd. (Silla Group) have announced they have entered into an exclusive Master Franchise and Development Agreement to develop and open hundreds of Popeyes restaurants across South Korea in the coming years.
"We are thrilled to launch Popeyes with the Silla Group subsidiary. We have strong confidence in the group and are pleased to announce exciting plans to bring our iconic Louisiana-style chicken to one of the largest chicken QSR markets in the world" said David Shear, President RBI International, parent company of Popeyes
. "Our entry illustrates our commitment to serving more guests around the world and the execution of our growth plans for the Asia Pacific region
Founded in New Orleans in 1972, Popeyes
has grown into one of the world's largest chicken quick-service restaurants with over 3,600 restaurants in over 25 countries
around the world. The brand distinguishes itself with a unique New Orleans style menu featuring the iconic chicken sandwich, spicy chicken, chicken tenders, fried shrimp, and other regional items.
Ms. MoonKyung Lee, Senior Managing Director of Silla Group's F&B Division
said "Chicken is one of the largest and fastest-growing categories in the South Korean QSR segment
. We are proud to bring the famous Popeyes brand to South Korea and we believe that our guests will love Popeyes iconic Chicken Sandwich. Popeyes is an exciting addition to the Silla Group's F&B portfolio and is expected to become one of the key drivers of growth for us. It will also contribute significantly to the economy by creating hundreds of new jobs over the coming years. We couldn't be more excited."
Popeyes is committed to bringing its digital innovation to South Korea with an emphasis on a seamless guest experience. Popeyes restaurants will feature digital ordering screens, mobile ordering, and delivery.
About Restaurant Brands International Inc.
Restaurant Brands International Inc. is one of the world's largest quick-service restaurant companies with more than $35 billion in annual system-wide sales and over 28,000 restaurants in more than 100 countries. RBI owns four of the world's most prominent and iconic quick-service restaurant brands –Tim Hortons, Burger King, Popeyes and Firehouse Subs.
The announcement reflects the global appeal of Popeyes and contributes to the ambitious brand expansion plan globally.
, Popeyes announced agreements to enter the United Kingdom, Romania, France and India, and to expand in Mexico and Saudi Arabia
. Other international expansions over the past years include Spain, Switzerland, China, Brazil, Sri Lanka, and the Philippines. The Silla Group subsidiary's first Popeyes restaurant in South Korea is scheduled to open in 2022.
About Silla Group
Silla Group was founded in 1967 and is one of South Korea's most well-respected conglomerates. Silla Group operates across a number of verticals in South Korea and globally including F&B restaurants, sea-food distribution, deep-sea fishing, agriculture, and industrial manufacturing.