The major South Korean food company Dongwon Group is pushing forward in its attempts to acquire McDonald’s Korea, industry sources said.
The holding company of the group, Dongwon Industries Co. has been the preliminary sole bidder in the acquisition of McDonald’s Korea. The company has started its initial round of inspections and at the moment the price of the transaction is what is being discussed.
“McDonald’s Korea is seeking a strategic partner to promote our continual growth and development in the Korean market. We are currently reviewing various options and will inform of the development when the time is right,” a company spokesperson from McDonald’s Korea said.
