Former Uber CEO Travis Kalanick, who currently heads Los Angeles-based shared service provider City Storage Systems, will enter South Korea with Cloud Kitchens next month, according to industry sources on March 18.
The shared kitchen service offers cooking facilities and space for anyone who wants to start a food business, but does not have enough assets to open their own restaurant. The first facility will open in Seocho-gu, southern Seoul, in April. This will be City Storage Systems’ first Cloud Kitchens outside of the US.
Because the facilities do not have a dining space, all food items cooked there must be sold through delivery services, City Storage is expected to team up with local delivery firm FoodFly.
In October last year, City Storage Systems held an event among potential users here to introduce the business, hinting at a launch this year. According to the sources, the company plans to open its second store here at Coex in southern Seoul during the first half of this year.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
