Korea Pizza Hut said it respects the Supreme Court ruling ordering the company to return 21.5 billion won in differential franchise fees collected from franchise owners and is taking the result seriously.
Korea Pizza Hut said in an official statement on the 15th that it will faithfully carry out follow-up measures in line with the intent of the ruling under the court's management and supervision, the relevant laws, and the corporate rehabilitation process currently underway.
It added that all Pizza Hut franchises nationwide are operating normally as before and emphasized that it will continue to provide necessary support to prevent disruption to franchise operations due to the ruling.
The company added that the timeline for the ongoing rehabilitation process and the planned sale is also proceeding as originally scheduled under the court's supervision.
Korea Pizza Hut said it will prioritize creditor protection, franchise business stability, and maintaining consumer trust to complete the rehabilitation process smoothly and push ahead without disruption with measures to normalize management.
It added that it will take this ruling as an opportunity to further solidify trust with all stakeholders, including franchise owners and consumers, and do its best with a sense of responsibility to enhance business sustainability and brand value.