Kyochon F&B, which operates Kyochon Chicken, said on the 31st that the agenda to reappoint CEO Song Jong-hwa was approved.
Kyochon F&B held its 27th regular shareholders meeting at its Osan business sites in Gyeonggi on the day and approved as originally proposed seven items, including the appointment of Song as inside director, approval of the financial statements, and amendments to the articles of incorporation.
Song became CEO in 2024, and with this reappointment will oversee management for two years.
Song said, "Although the internal and external environment is uncertain, I will work for shared growth between franchisees and headquarters and for customer satisfaction," adding, "We will focus on strengthening brand competitiveness and securing future growth drivers."
The company said, "The company has maintained growth since Song took office," and explained, "He was reappointed to ensure management continuity and the stable implementation of mid- to long-term growth strategies."
Kyochon F&B's revenue on a consolidation basis last year was 517.4 billion won, up 7.6% from a year earlier, and operating profit was 34.9 billion won, up 126.2%.
This year's total dividends aggregates increased 76% to 11.5 billion won, with dividends per common share at 300 won for general shareholders and 200 won for the largest shareholder.
Kyochon F&B plans to strengthen its global business this year by expanding into new countries and increasing store openings in existing markets, and to expand new businesses such as the buckwheat cuisine brand "Memildanpyeon" and craft beer.