Pizza Hut Korea filed for receivership with the Seoul Bankruptcy Court on Monday. The pizza chain was fined 21 billion won ($15.2 million) by the Seoul High Court in September for adding ...

Korea Pizza Hut's recent performance has also been poor. Pizza Hut entered Korea in 1985. At that time, the U.S. restaurant company Yum Brands, the parent company of Pizza Hut, opened its first ...