[Jeon Hwa-seong] Ep. 1015: Exploring Innovative Company FranKit, Morning Startup Report

Every day at 8:40 AM, 'Startup Morning Coffee,' broadcast live on the YouTube channel 'Jeon Hwa-sung's CNTV,' is hosted by CEO Jeon Hwa-sung. It provides in-depth introductions to the core competencies and market potential of various startups, and through active two-way communication with viewers via real-time comments, it effectively serves as a useful information platform for those interested in the startup ecosystem. Recently, through this program, 'FranKit,' a company bringing a fresh breeze to the franchise industry, was highlighted. FranKit is an innovative franchise supply chain curating solution company focused on resolving the inefficiencies in logistics and order management experienced by early-stage franchise owners. Its core mission is to rapidly solve chronic problems faced by early-stage growth companies with fewer than 100 franchisees through innovative approaches, and to help them establish systematic internal systems. Currently, it is recognized for its technology and growth potential while carrying out the IBK Changgong support program. FranKit's core competitiveness lies in implementing an automated ordering system for franchisees through an automated management system, and providing an organic and efficient transaction platform between headquarters, suppliers, and franchisees. In addition, it offers distribution services for over 3,000 franchise products to early-stage franchises with fewer than 100 stores, providing practical solutions for companies struggling to establish systematic management systems due to a lack of economies of scale. This helps early-stage franchises lay the foundation for stable growth. CEO Jeon Hwa-sung highly praised FranKit, stating that it possesses a "robust business model capable of expanding sales in an on-premise manner alongside the growth of franchise companies." Indeed, FranKit recorded 2.2 billion KRW in sales last year, demonstrating consistent growth, and its success is proven through various indicators beyond mere revenue increase, such as expanding the number of franchisees and rising average customer spending. FranKit is solving the challenges faced by early-stage franchise companies and is solidifying its position as a key player in the startup ecosystem.