Who majority-owns and controls Bonchon International?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
We are directly wholly owned by Bonchon U.S.A., Inc. ("Bonchon USA"), a New York corporation formed in December, 2006 with a principal business address at 15660 North Dallas Parkway, Suite 1150, Dallas, TX 75248. Bonchon USA is wholly owned by Bonchon International. Bonchon International is majority-owned and controlled by BPlus Investment Holdings Co., Ltd. ("VIG New Co."), a Korean Limited Company formed in December, 2018 with a principal business address at 16th fl. AIA Tower 16, Tongil-ro 2-gil, Jung-gu, Seoul, Republic of Korea. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, a Korean company with a principal address the same as VIG New Co., which is operated by VIG Partners LLC, a Korean limited liability company with a principal business address the same as VIG New Co. Each of Bonchon USA, Bonchon International, VIG New Co., VIG Private Equity Fund III, and VIG Partners LLC has never offered franchises for this or any other type of business.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon Franchise LLC is directly wholly owned by Bonchon U.S.A., Inc., which in turn is wholly owned by Bonchon International. The document specifies that BPlus Investment Holdings Co., Ltd. (VIG New Co.), a Korean Limited Company formed in December 2018, majority-owns and controls Bonchon International. VIG New Co. is ultimately owned and controlled by VIG Private Equity Fund III, a Korean company operated by VIG Partners LLC.
This ownership structure is important for prospective franchisees to understand because it clarifies who ultimately has control over the Bonchon franchise system. The influence of a private equity fund could mean a focus on rapid expansion and profitability, which might affect the long-term strategies and support provided to franchisees.
It is also relevant to note that each of Bonchon USA, Bonchon International, VIG New Co., VIG Private Equity Fund III, and VIG Partners LLC has never offered franchises for this or any other type of business. This information helps potential franchisees assess the experience and background of the entities involved in the Bonchon franchise system.