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.


Amazon Prime Air Cargo Plane Crash Kills Five at Miami Airport
Australia Plans New Rules Giving Users Control Over Social Media Feeds
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota
Longsys Raises $903 Million in Hong Kong IPO as Shares Debut Flat
UK Food Inflation Forecast to Hit 6.4% by Mid-2027
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation
Hormuz Shipping Slows as Iran Threats Lift Oil Risks
Gold Prices Rise as Yen Rally Weakens Dollar
Kioxia Rules Out SK Hynix Manufacturing Partnership
TetherMax Expands into Asian Market Following Rebranding, Names Actor Yun Siyun as Brand Ambassador
Huawei Launches Mate XT2 Foldable Phone in China
Brent Oil Tops $100 as Middle East Conflict Threatens Supply
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom
Xiaomi Shares Jump on Europe EV Expansion Plan
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms
Asian Currencies Mixed as Yen Rallies on BOJ Bets
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 



