Chipotle opens first Asia restaurant in Seoul through joint venture
Chipotle Mexican Grill has opened its first restaurant in Asia in Seoul's Gangnam neighborhood earlier this month, marking its entry into a region designated for significant growth. The location is operated through a joint venture with South Korean food company Sangmidang Holdings, with Sangmidang affiliate Big Bite Company holding a 51% stake and Chipotle owning 49%. The Seoul opening drew long lines, with some diners waiting three hours. Chipotle plans to open two more South Korea locations by the end of 2026 and aims for a Singapore debut in the first half of 2027, as part of its broader international expansion.
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