Korea Joongang Daily
Korea JoongAng Daily

Pizza Hut Korea enters corporate rehabilitation

Pizza Hut Korea will enter corporate rehabilitation after failing to negotiate the payment of a 21 billion won ($15.2 million) fine it incurred for allegedly adding costs to materials without the store owners’ consent.

2024-12-16

Pizza Hut Korea served a slice of good fortune with court approval for restructuring

Pizza Hut Korea on Monday received approval from a court to proceed with an autonomous restructuring support (ARS) plan, putting on hold court-mandated rehabilitation proceedings after losing a lawsuit brought by store owners.

2024-11-12

Pizza Hut Korea files for receivership in face of $15M fine for fleecing franchisees

Pizza Hut Korea has filed for receivership with the Seoul Bankruptcy Court as it faces a 21 billion won fine for padding its margins on materials for franchisees.

2024-11-05