McDonald's Said To Have Placed Its Korean Unit Up For Sale
According to a report by The Korea Herald, McDonald's Corporation (NYSE: MCD) is looking to sell its Korean unit.
The Korea Herald, citing "industry sources," stated that McDonald's has tapped financial advisers to advice them on a sale, but it is unclear if it is looking to sell the entire unit or just a part of it.
McDonald's has been shopping around for strategic partners across Asia to help improve slumping sales and acquire a partner with expert local knowledge of the market.
Shares of McDonald's were trading higher by 0.26 percent heading into the final hour of trading on Monday.
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