SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Trump Questions USMCA Renewal as Trade Talks Continue 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
UK Banks Report Surge in APP Fraud Losses as Pressure Mounts on Meta and Tech Platforms 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
German Industry Employment Falls to Lowest Level in a Decade 
OpenAI's $34B Spending Pushes AI Market Leadership Ahead of IPO 
Five Guys Enterprises, LLC, an American fast-food restaurant chain, is set to open its very first outlet in South Korea. The famous burger and hot dog sandwich brand picked Gangnam in Seoul to be the location of its first store in the country.
According to Yonhap News Agency, Five Guys confirmed the launch of its first store in June. The store is opening in a busy commercial area that is also close to the Gangnam station. It will be fitted with 150 seats to accommodate many customers.
The store launch was announced by the Hanhwa Galleria department store franchise on Monday, March 6. Five Guys has so far been operating in 23 countries in the Middle East, Asia, Europe, and America, with more than 1,800 stores in operation. This will be the restaurant chain’s sixth launch in the Asian region after Malaysia, Macau, Hong Kong, China, and Singapore.
Moreover, The Korea Herald reported that the first Five Guys restaurant in the country would sit on a 618 square meter location. Hanhwa Galleria, which will operate the chain in South Korea, will start the job recruitment for staff this month.
The company will train all primary employees in cooking and service in Hong Kong. Hired workers in major positions will have to complete this training in six weeks.
The construction of the first Five Guys store in the region started last week, and it is a 2-storey building. Hanhwa Galleria is also planning to open more stores, and the target is at least 15 outlets in five years.
Finally, as per Korea Joongang Daily, the licensing deal between Five Guys and Hanhwa Galleria was signed in October of last year. Kim Dong Seon, the company’s head of new business strategies, has been tasked to oversee the whole project.
Photo by: Chris Kursikowski/Unsplash
