The Franchise Sales Leader is Convenience Stores... Home Laundry Ranks Lowest

Last Year Franchise Stores Numbered 216,000... 2.6% Increase Compared to Previous Year

[Asia Economy Reporter Kwangho Lee] Last year, the franchise industry with the highest sales was convenience stores. The franchise with the lowest sales was home laundry, showing a difference of 22.3 trillion KRW compared to convenience stores. Among all cities and provinces nationwide, Gyeonggi-do had the highest number of franchise stores per capita, while Jeju-do had the lowest.

According to the '2019 Franchise (Franchise Store) Survey Results (Preliminary)' announced by Statistics Korea on the 24th, the number of franchise stores last year was 216,000, an increase of 2.6% compared to the previous year. The number of employees increased by 3.9% to 848,000.

Franchise stores in convenience stores, Korean food, and chicken accounted for 45.6% of the total. Pizza, hamburgers, Korean food, and home laundry increased, while draft beer and other pubs decreased.

The number of employees was 47.2% of the total in convenience stores, Korean food, and coffee/non-alcoholic beverages. The number of employees per franchise store was 3.9, an increase of 1.2% compared to the previous year.

Franchise store sales amounted to 74.2 trillion KRW, an increase of 8.7% compared to the previous year. Convenience stores, Korean food, and chicken accounted for 50.7% of the total.

By region, the number of franchise stores was highest in Gyeonggi (55,000), Seoul (41,000), Gyeongnam (15,000), and Busan (14,000). The metropolitan area accounted for 49.6% of the total.

However, the number of franchise stores per 10,000 people was high in Jeju (49.9), Gangwon (49.6), and Ulsan (45.9), while it was low in Jeonnam (36.7) and Gyeongbuk (38.5).

This content was produced with the assistance of AI translation services.