• 2026.07.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Business

McDonald's Renews Philippines Franchise Agreement Until 2045

KO YONG-CHUL Reporter / Updated : 2025-04-09 12:49:25
  • -
  • +
  • Print

MANILA, Philippines - Global fast-food giant McDonald's has renewed its master franchise agreement in the Philippines, extending its partnership with its local counterpart for another 20 years until 2045.   

Under the new agreement, McDonald's will retain the exclusive rights to own, develop, operate, and franchise McDonald's restaurants across the Philippines.

Golden Arches Development Corporation (GADC), led by Chairman George Yang, has been operating McDonald's Philippines since the first store opened in the country in 1981. There are currently 792 McDonald's stores across the Philippines, with a significant concentration in the Metro Manila area.   

Reflecting on the early days of the franchise, Chairman Yang recalled applying for the rights in the late 1970s. "Back then, I confidently spoke of ten stores," he said, adding, "This year, we will be opening our 800th store."

McDonald's Philippines has introduced several 'firsts' to the local quick-service restaurant industry. In 2009, it launched the country's first online delivery platform, followed by the McDelivery app in 2014.   

Beyond being a food service provider, McDonald's has significantly contributed to the Philippines' economic development and job creation. Through its nationwide store expansion, GADC provides employment opportunities to numerous locals and collaborates with the Philippine agriculture and food industries, thereby boosting the local economy.

Furthermore, McDonald's Philippines actively engages in social responsibility initiatives. Through the Ronald McDonald House Charities, it operates various programs aimed at improving children's welfare, including education and medical support, demonstrating its commitment as a socially responsible corporation.   

The renewal of the franchise agreement reaffirms the long-standing trust and successful partnership between McDonald's and GADC. Over the next 20 years, McDonald's is expected to further solidify its position as a beloved brand in the Philippine market through continuous growth and innovation.

Particularly in the era of digital transformation, the company is anticipated to strengthen its online and mobile platforms and focus on developing customer-centric services. Moreover, it is likely to respect the diverse food culture of the Philippines and strive to develop localized menu options.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
  • #타이완포스트
  • #김포공항
KO YONG-CHUL Reporter
KO YONG-CHUL Reporter
Reporter Page

Popular articles

  • Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP

  • Semiconductor Substrate Industry Faces Growth Hurdles Amid Exclusion from Price-Indexing System

  • The Word of a U.S. President Worth Less Than a Dollar

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065584924546461 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall
  • AI Drones Take to the Skies in Revolutionary Hunt for Mosquitoes
  • The Gopher Miracle: How a 24-Hour Experiment Transformed a Volcanic Wasteland into a Lush Forest
  • Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization
  • South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
  • TSMC Hits Record $40 Billion in Q2 Revenue Amid AI Boom, Pledges Additional $100 Billion for US Expansion

Most Viewed

1
Foreign Investors Return But Sell Off 'Samsung & Hynix' as Price Target Cuts Fuel KOSPI Peak Concerns
2
[Special Feature] Laying the Foundation for Korea's Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 1
3
Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP
4
Samsung Electronics Surpasses NVIDIA to Become Global Leader in Quarterly Operating Profit
5
Hanwha Aerospace Forges Alliance with 49 Partners to Boost South Korea's Aviation Engine Ecosystem
광고문의
임시1
임시3
임시2

Hot Issue

OpenAI Rebounds in Secondary Market as Valuation Surges 20% in Three Months

South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won

KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers