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Darkray16
Joined: 09 Nov 2008
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Posted: Sun Jun 27, 2010 10:32 pm Post subject: |
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I would have thought anywhere in Gangnam would be great as they would attract the office workers getting off work.
I think a better location would be Hongdae. |
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Yaya

Joined: 25 Feb 2003 Location: Seoul
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Posted: Sun Jun 27, 2010 10:41 pm Post subject: |
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| Darkray16 wrote: |
I would have thought anywhere in Gangnam would be great as they would attract the office workers getting off work.
I think a better location would be Hongdae. |
Not sure I agree with Hongdae. Hooters in Korea is probably considered too pricey for a university area, even Hongdae. |
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orosee

Joined: 07 Mar 2008 Location: Hannam-dong, Seoul
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Posted: Sun Jun 27, 2010 10:46 pm Post subject: |
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| The Hooters here are much closer to family type restaurants (e.g. TGIF, Outback) than I like them to be. And clearly the Koreans don't give a hoot when it come to chestiness, so perhaps the business plan is simply wrong. |
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jvalmer

Joined: 06 Jun 2003
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Posted: Sun Jun 27, 2010 11:51 pm Post subject: |
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According to wiki Hooters is on sale for 250 million.
To me that seems a little low.
Anyways, I figure the American Hooters concept won't do well in all markets. It's cultural, and in Korea, the men oogle at well-endowed women at night in noisey singing rooms. Also, most Korean corporate suit and tie guys won't think about going to Hooters to enjoy a beer after work and shell out 20,000-won a meal per person. They'd rather be at that chicken galbi place with 3000-won soju and spend 30,000-won for him and 4 of his colleagues. |
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toby99
Joined: 28 Aug 2009 Location: Dong-Incheon-by-the-sea, South Korea
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Posted: Mon Jun 28, 2010 3:26 am Post subject: |
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| Somewhat surprised there's no Itaewon location. It would do well among the GI market. |
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Yaya

Joined: 25 Feb 2003 Location: Seoul
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Posted: Mon Jun 28, 2010 8:03 am Post subject: |
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| toby99 wrote: |
| Somewhat surprised there's no Itaewon location. It would do well among the GI market. |
Not at Hooters Korea prices. |
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