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Korean Food Restaurant in Hk Analysis

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Submitted By athenaphine
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Korea Culture become popular in Hong Kong in recent years. People would like to enjoy the Korean Food, especially the Korean BBQ Buffet Restaurant. Now it is in the Growth stage as there are some Korean Restaurant exist, more competition and different types of Korean Food are provided. There are a growing trend of Korean Food. Korean Food Buffet commenced in 1993, its awareness rapidly increase. There are some chain restaurant like Han-yang Won and Hon Wo Korean Restaurant, they have 5 to 6 branches separately. Their target market is middle price $200 per person for dinner on Korean buffet. And there are some small Korean food restaurant, aim for high class consumer and do not provide the Korean buffet. There are no company absolutely dominate the market.

The major consumer is the young people, through the observation found that they are seek a suitable location for gathering and relaxing. So Maxim decide to use its comparative advantage on food business and launch a new business line─Korean Food Restaurant but more focus on Korean Food Buffet.

Maxim would like to launch a chain of Korean Buffet Restaurant, the major competitors of Korean BBQ buffet is Han-yang Won and Hon Wo Korean Food while in the Korean Hot Pot (Budae jjigae部隊鍋), it face the competition of K-Pot.

There are 6 branches of Han-yang Won Korean Food and opened for 20 years, one of the most well-known restaurant on Korean BBQ Buffet. People prefer to go as they can use reasonable price to enjoy the Korean BBQ dinner buffet (contain desserts), the fees is HKD200 (include 10 % service charges) per person. Its buffet starts from 11 a.m. to 12 a.m., the time limit per consumption is 2 hours. The average rating of it is 3.275 marks out of 5, 65.5% customer convince by its performance, some people complained for the rude customer services in Openrice. (Most popular dining guide of Hong Konger and an

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