Chicken at 20,000 Won Each... Kyochon Chicken Raises Prices by 8.1% on 'Kyochon Original' and More

[Asia Economy Reporter Seungjin Lee] Kyochon F&B, the operator of Kyochon Chicken, will implement a recommended price adjustment for its products starting from the 22nd.

This price adjustment by Kyochon Chicken is the first in seven years since the partial adjustment of some parts-based (combo, stick) menus in 2014, with changes ranging between 500 KRW and 2,000 KRW per item. The price of whole chicken menus such as Kyochon Original, Red Original, Honey Original, and boneless menus will increase by 1,000 KRW, while parts-based menus, which have higher cost burdens, will be raised by 2,000 KRW. The average increase rate is 8.1% (excluding frozen menu items).

Looking at the representative menus, Kyochon Original and Honey Original will rise from 15,000 KRW to 16,000 KRW, and Kyochon Wings and Kyochon Combo will increase from 17,000 KRW to 19,000 KRW. Red Wings, Red Combo, and Honey Combo will be adjusted from 18,000 KRW to 20,000 KRW each. Recently launched products such as the Shinwha Series, Cheese Truffle Boneless, and Balsamic Chicken will maintain their existing prices without adjustment. Additionally, some side menus will see a 500 KRW increase.

Kyochon explained that due to the accumulated rise in labor costs over several years, various fee burdens, and the recent widespread inflation, improving franchise profitability has become urgent. They expect this price adjustment to help improve franchise profitability. The timing and extent of the adjustment were decided through consultations between Kyochon Chicken headquarters and the franchise communication committee.

A Kyochon F&B official stated, “With the accumulated cost increases, improving franchise profitability has become critical, and we could no longer delay the timing of the price adjustment,” adding, “We will repay our customers with better quality and service.”

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