The Born Korea, operating loss in the third quarter was 3.7 billion won... Sales 85 billion won

(Seoul = Yonhap News) Reporter Kim Se-rin = The Born Korea [475560] announced on the 13th that its consolidated operating loss in the third quarter of this year was 3.7 billion won, a decrease of about 15% from the same period last year (4.4 billion won).

The size of operating loss decreased by about 33% compared to the previous quarter (KRW 5.6 billion).

Third quarter sales were recorded at 85 billion won.

Unlike last year, when a large-scale win-win support fund was invested to support franchisees, The Born Korea explained that this year, the company is focusing on improving profits and losses while maintaining normal business activities.

However, as investments to expand overseas business and build a distribution business base continue, the impact of costs incurred by some overseas subsidiaries on consolidated performance is expected to continue for the time being.

In order to expand its existing franchise-centered business structure into a general food company, The Born Korea is expanding its restaurant convenience meal (RMR) product line using brand intellectual property (IP) and entering overseas markets.

An official from The Born Korea said, "We plan to review strategic mergers and acquisitions (M&A) and expand our business through source-based global business, diversification of distribution products, and promotion of new businesses. We will also continue to enter overseas markets such as North America, Southeast Asia, China, Japan, and Europe."