JFC gets South Korea nod for Shabu All Day acquisition

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April 18, 2026 | 12:00am

MANILA, Philippines — Asian food conglomerate Jollibee Foods Corp. (JFC) is advancing with its acquisition of Korea’s largest all-you-can-eat hot pot restaurant chain.

JFC said the Korea Fair Trade Commission (FTC) has approved the planned acquisition by its 70 percent owned subsidiary Jolli-K Co. Ltd. of All Day Fresh Co. Ltd., the operator of Shabu All Day.

The company said the approval marks a key milestone in advancing the transaction.

“Securing Korea FTC approval is an important milestone that advances our planned acquisition of Shabu All Day. This investment strengthens our Korea growth platform and reflects our focus on scalable, high-return concepts that support profitable growth for the Jollibee Group,” Jollibee Group global president and CEO Ernesto Tanmantiong said.

JFC earlier this year announced the signing of definitive agreements to fully acquire All Day Fresh for around $87 million.

All Day Fresh is primarily engaged in the franchise and food service operations of Shabu All Day, a market leader in terms of footprint, systemwide sales and revenues.

With approximately 170 stores currently in operation, Shabu All Day is seen by JFC as a compelling addition to the group’s expanding regional portfolio.

“FTC approval moves us closer to completing the transaction, and our team is focused on a smooth close and integration,” Jollibee Group International CEO Richard Shin said.

“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,” he said.