chicken, it is obvious that the competition among fast food brands for market share is intense.
The 5 big brands are Lotteria; since year 1979, it has been come out and as a Korean native fast food brand, now taking 43% of the market share. McDonalds, which has a global brand power, came in to Korea in 1988 and its taking 2nd place with 21% of market share.
Followed by KFC (16%), Burger Kin
like price or quick delivery service. And these cannot be competent factors to the company for the long run. In addition, although Pizza Hut developed menus for Koreans’ taste at first, their pizzas are getting boring and featureless. However, Mr. Pizza’s advertisements show new menus all the time. With these problems, we selected Pizza Hut as the subject for the final group project.
Tremendous growth in Korean Fast Food industry
→ revenues decline →recover again.
Korean fast food market has already reached
mature stage.
Due to the slow growth level,
family restaurant moved away
from expanding in Seoul.
Outback Steak house starts adding
large-scale stores.
Other brands introduced “new”
brands to draw attention.
Strengths i
Koreans enjoy a ‘bud’ while puffing on a Marlboro (female smoking was unheard of until recently and is still frowned upon my many Koreans despite the rapid increase of female smokers). Draught beer brewed in Korea is cheap and stands up well to foreign brands.
The two main domestic breweries are Hite (with backing from Carlsberg) and OB (Oriental Brewery), though foreign brands such as Budw
Korean menu like Kimchi, Rice burger.
KFC₩ 10,000 packages a set of economic, abundant & cheap buckets Set
By introducing the wellbeing menu, a brand strategy to modify the meantime,
Excessive discount policy has lead to deteriorating profitability of the industry.
In addition to the industry caused excessive competition
Burgerking conducted a experiment to participants who n