South Korea’s first Kentucky Fried Chicken (KFC) store located in Jongno, central Seoul, ceased operating Monday due to the pandemic’s impact, which pushed the store’s maintenance cost while keeping customers from outdoor dining.
A spokesperson for KFC Korea said that other than COVID-19, maintenance cost for the store was also high because it was housed in a very old building.
The opening of the Jongno branch in 1984 was deemed newsworthy enough to be reported in the newspapers.
Eventually, it became a favorite meeting place for young people.
The store was featured in the 2013 retro romantic series “Reply 1994” as the venue where the characters had blind dates.
KFC’s decision follows several other retail closures in Jongno, including a Hollys Coffee branch and Giordano store last year.
Jongno and other commercial districts Myeongdong and Itaewon were particularly hit hard by Covid-19 because they attract tourists.
KFC, which runs around 200 stores in Korea, suffered net losses of 2.85 billion won net losses in 2020, up 190 percent from 983.8 million won in 2019.


Why Global Web3 Projects Can't Afford to Skip South Korea: TokenPost Unveils Data-Driven Entry Solutions
Nikkei Retreats After Brief 60,000 Break as Profit-Taking and Geopolitical Risks Weigh
Foreign Investors Drive Surge in Japanese Stocks Amid AI Rally and Improved Risk Sentiment
Gold Prices Slip as Strong Dollar and Middle East Tensions Weigh on Market
Asian Markets Mixed as Oil Prices Rise Amid Middle East Tensions and Ceasefire Uncertainty
India-US Trade Talks Advance Toward $500 Billion Goal Amid Ongoing Negotiations
U.S. Stock Futures Edge Higher as Ceasefire Extension and Intel Earnings Lift Sentiment
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows
Brazil Blocks Prediction Market Platforms, Tightens Derivatives Trading Rules
Dollar Gains as Middle East Tensions and Rising Oil Prices Support Safe-Haven Demand
U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets
Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting
New Zealand Economy Faces Short-Term Pressure but Recovery Remains on Track
European Car Sales Surge in March as EV and Hybrid Demand Accelerates
Japan Inflation Rises in March Amid Energy Price Surge and Middle East Tensions
Asian Stocks Surge to Record Highs as Wall Street Rally Offsets Oil Price Concerns
Intel Stock Surges as AI Chip Demand Drives Strong Q2 Forecast 



