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Dongwon to acquire McDonald’s Korea


South Korean Dongwon Industries aims to acquire McDonald's Korea and both sides are now in the process of negotiating a price for the deal. The global headquarters of McDonald's currently owns a 100% stake in McDonald's Korea, and the selling price is estimated to be set at about KRW500bn (USD399m) or slightly lower. If the deal is signed, Dongwon Industries will exclusively own McDonald's business in Korea. It will need to pay a 5% royalty to the US headquarters of McDonald's. This is the second time that the global headquarters of McDonald's has attempted to sell its Korean business. Other than McDonald's, major burger chains including Burger King and Mom's Touch are also in search of new owners. KFC Korea, meanwhile, has recently designated Orchestra Private Equity as its preferred bidder.

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