• 2026.03.06 (Fri)
  • 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

  • Revised and Expanded Edition of ‘Failure of Negotiations with North Korea: Truth and Solutions’ Published

  • Commissioner of Overseas Koreans Agency Visits Koryo-in Community in Incheon to Discuss Support for Settlement

  • Two Falls and a Miracle Run: Choi Ga-on Becomes First Korean to Win Winter Olympic Gold on Snow

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

Comments 0

Weekly Hot Issue

  • The Illusion of a "Stress-Relieving" Smoke: Study Finds Smokers More Prone to Depression
  • From Table to Space: Japan Unveils Edible Spoons Made of Cookies
  • Luckin Coffee Shakes Up Global Market with Blue Bottle Acquisition
  • U.S. Private Sector Hiring Hits 7-Month High in February, ADP Reports
  • Self-Employed Loan Delinquency Rates Double in a Decade Amid Economic Headwinds
  • Multi-Homeowner Loan Balance Hits 103 Trillion Won; Half Concentrated in Seoul and Gyeonggi

Most Viewed

1
Adwa’s Echo in Korea: A Shared Story of Dignity and Freedom
2
2026, The Grand Year of Hangeul Celebration — The River of History Where Five Streams Converge
3
A New Milestone for Ukraine’s Post-War Reconstruction: The Birth of ISVP
4
Mexican currency and the powerful history behind its designs
5
Revised and Expanded Edition of ‘Failure of Negotiations with North Korea: Truth and Solutions’ Published
광고문의
임시1
임시3
임시2

Hot Issue

South Korean Markets Shaken by "Iran Shock": KOSPI Suffers Historic Rout Amid Soaring Oil and FX Rates

Self-Employed Loan Delinquency Rates Double in a Decade Amid Economic Headwinds

U.S. Private Sector Hiring Hits 7-Month High in February, ADP Reports

Industrial Output Dips in January Amid Semiconductor Adjustments; Middle East Tensions Loom as Wild Card

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
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