Latest news with #Hollys
Yahoo
3 days ago
- Business
- Yahoo
South Korea's KG F&B names Yoon Seok-chan as new CEO
South Korea's KG F&B [food and beverage] has announced the appointment of Yoon Seok-chan as its new CEO. KG F&B, established in 2024 through the merger of KG HOLLYS F&B and its subsidiary KG Fresh, operates brands including the country's first espresso speciality brand, Hollys, and the meat processing brand Measo. Hollys has expanded into the Japanese market. Yoon has expertise in management consulting and brings experience from his previous roles at Monitor Group, SK Teletech, T-Plus Consulting and as a partner at EY Han Young's strategy consulting organisation, EY-Parthenon. His expertise encompasses strategic consulting for food manufacturing and ingredient brands such as Pulmuone, Maeil Dairies and Daesang, focusing on building mid to long-term growth models and business strategies. Yoon Seok-chan joined KG F&B in early 2025 as chief operating officer (COO) and has been instrumental in developing future operational strategies for the other company-owned brands. As CEO, he seeks to concentrate on the stabilisation of KG F&B and the post-merger integration efforts, building on the foundation laid by former CEO Lee Jong-hyun, who played a critical role in the company's evolution into a comprehensive food enterprise. Yoon Seok-chan was quoted by ChosunBIZ: 'Through last year's merger, KG F&B has enhanced its competitiveness and expanded its infrastructure, standing on the brink of a leap as a comprehensive food company. 'While leveraging the strengths of each KG F&B brand, I will do my best to create new changes and synergies among brands to establish new growth engines for KG F&B.' KG F&B owns other fresh food brands neuleharm, Jerky House and Handwerker. The fresh food division is actively launching new products to meet changing consumer trends. "South Korea's KG F&B names Yoon Seok-chan as new CEO " was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Korea Herald
17-03-2025
- Business
- Korea Herald
Korean restaurant chains expand in Japan as domestic market nears saturation
Korean dining franchises are tapping into the Japanese market as a key hub for overseas growth, as restaurant and cafe markets appear to be reaching saturation domestically. Fast food chain Mom's Touch announced Monday that it will open a new store near Harajuku Station, a prime commercial district in Tokyo, during the first half of this year. Meanwhile, coffee specialty shop Hollys announced the opening of its second Japanese location in Osaka's business district Honmachi on March 6. The upcoming Harajuku Mom's Touch will be the company's second directly operated store in Japan, following the launch of Shibuya Mom's Touch in April last year. The new location will feature 300 seats, making it the largest Mom's Touch location globally. The Shibuya store attracted over 500,000 cumulative visitors by December, eight months after its opening, and has current daily foot traffic of around 2,000 customers, according to company data. "Japan has long held symbolic importance in the global dining industry," a Mom's Touch official said. "On top of its high GDP (gross domestic product), Tokyo is recognized as a leading market in the global restaurant scene, with a particularly refined and sophisticated food culture. It is widely acknowledged in the industry that success in Japan attracts attention from other global market players and investors, meaning more opportunities globally." While the Shibuya store primarily caters to office workers, the new Harajuku store is meant to attract tourists and younger generations, the official explained. Meanwhile, Hollys is accelerating its expansion in Japan with the launch of its second store in Honmachi, Osaka. The Honmachi store drew some 800 visitors on its opening day. Within a week, around 3,000 customers had visited the cafe. Industry experts credit the success to preserving "K-cafe" concept services, featuring power outlets, wireless internet access, single-person seating and diverse deli lineups and lunch options designed for office workers. "The newly coined Japanese term 'koseupa,' short for 'cost performance,' highlights the balance between quality and cost," according to a local source in the food industry, who wished to remain unnamed. "The term has become a key consumer trend due to Japan's prolonged economic downturn. Rather than simply chasing the lowest price, Japanese consumers prioritize the quality of the food when they dine outside. Only brands that can strike this balance will thrive in the market." Alongside the success of Korean restaurant franchises, Korean food has been gaining increased exposure in Japan through promotional efforts. At the 2025 Japan Tokyo International Food Exhibition, Asia's largest food expo held from March 11 to 14, 16 Korean small and medium-sized enterprises joined the Korean Pavilion. They conducted 350 export consultations, securing $47 million in potential deals and $18 million in contract negotiations, according to the Korea Trade-Investment Promotion Agency.
