Jollibee Foods Corporation (JFC) has secured approval from the Korea Fair Trade Commission to proceed with its acquisition of popular hot pot chain Shabu All Day.
The transaction will be carried out through JFC’s subsidiary, Jolli-K, which is set to acquire a 70% stake in All Day Fresh Co., Ltd., the operator behind the Shabu All Day brand.
Once finalized, the acquisition is expected to contribute approximately 2% to the Jollibee Group’s total revenues and around 8% to its global operating profit (EBIT), further strengthening the company’s international portfolio.
Shabu All Day is currently the leading hot pot brand in South Korea in terms of store count, with about 170 outlets nationwide.
The “all-you-can-eat” concept chain generates an estimated $285 million in annual system-wide sales, offering premium beef selections alongside a wide variety of dessert options.
In a statement, Jollibee Group International CEO Richard Shin said the company is now focused on completing the transaction and integrating the brand into its global operations.
“Shabu All Day is a strong operational fit for our Korea platform, with a proven format and clear levers to support continued expansion—while maintaining the brand’s quality and guest experience,” Shin said.
The move marks another major step in Jollibee’s expansion strategy in South Korea. It follows the company’s recent acquisition of Compose Coffee, which JFC is planning to introduce in the Philippine market in the near future.