The Chef Baek Jong-won Led Theborn Korea Sees Profit Rise in Q1
Creatrip Team
a year ago
Theborn Korea, led by famous chef Baek Jong-won, announced improved profitability for the first quarter. The company reported an operating profit of 6.19 billion KRW, marking a 6.6% increase from the same period last year, and sales rose by 2.6% to 110.71 billion KRW. Franchise operations accounted for 83.3% of total sales, followed by distribution and hotel businesses. The company's total assets stand at 349.15 billion KRW, with total liabilities at 78.57 billion KRW. Baek Jong-won is a popular figure in South Korea, known for his work in revitalizing local food and franchise businesses (franchise business: a system in which entrepreneurs purchase and operate a location or brand under a larger company's established methods).
