South Korea · Nation Thailand
Minor Food to acquire Bonchon outside Americas for THB1.66bn
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Minor Food Limited, a wholly owned subsidiary of Minor International Public Company Limited, will invest a net US$50 million, or approximately 1.657 billion baht, to acquire Bonchon International alongside strategic partner Serruya Private Equity (SP
Key facts
- The two companies have signed an agreement to acquire the global Korean food franchise from its existing shareholders, VIG Partners and Mr Seo & Family
- Bonchon began as a single restaurant in Busan, South Korea, in 2002 before entering the United States in 2006.
- It has since developed into a global franchise platform with approximately 500 restaurants, with most of its revenue generated outside South Korea.
- The two partners have maintained a business relationship for more than 30 years
Summary
The two companies have signed an agreement to acquire the global Korean food franchise from its existing shareholders, VIG Partners and Mr Seo & Family. The transaction is expected to be completed in August 2026.
Once the acquisition is finalised, Minor Food and SPE will divide ownership and operation of the Bonchon brand by region. Minor Food will own the brand and business in all markets outside the Americas, while SPE will own and operate Bonchon throughout the Americas.