SEOUL: McDonald’s Korea said Thursday its net losses widened in 2022 from a year earlier, despite strong sales, reported Yonhap.Net losses deepened to 36.3 billion won (US$27.4 million) last year from 34.9 billion won in 2021, the South Korean unit of US fast food giant McDonald’s said in a regulatory filing.McDonald’s Korea also posted an operating loss of 27.8 billion won last year, almost unchanged from 2021.Still, McDonald’s Korea said its sales rose 14.6 per c ent on-year to 995 billion won in 2022, despite higher raw materials costs and interest rate hikes.Sales, including those of franchises, hit a record high of 1.17 trillion won since McDonald’s entered the South Korean market in 19
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