Tim Hortons To Enter South Korean Markets

Tim Hortons, a North American coffee shop chain, will enter the South Korean retail market later this year, its parent company Restaurant Brands International announced on Wednesday.

The new stores in the Asian country, one of the world's fastest growing coffee markets, will be developed under a master franchise agreement with BKR Co Ltd, a local quick service operator, according to the company.

Tim Hortons operates approximately 5,600 stores across 15 countries, with a stronger presence in Canada and the United States. It claims to use premium, 100% arabica coffee beans in its blends.

Restaurant Brands International, which also owns Burger King and Popeyes, did not disclose the financial terms of the transaction or the number of stores it intends to open in South Korea.

Tim Hortons Inc., also known as Tim's or Timmie's, is a multinational Canadian coffeehouse and restaurant chain. Tim Hortons, based in Toronto, sells coffee, doughnuts, and other fast-food items. As of June 30, 2022, it is Canada's largest quick-service restaurant chain, with 5,352 locations in 15 countries.