CUPBOP operates 38 stores in the US and 120 stores in Indonesia, with the goal of "taking CUPBOP to the moon".
Link to this point #1EO Korea
The Story of a Korean Who Built a 130 Billion KRW Food Truck Company That Americans Line Up For | CUPBOP
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Overview
The story of CUPBOP, a Korean-style fast food brand founded in Utah by Korean entrepreneur Junghun Song (송정훈). Starting as a food truck, it now operates 38 stores in the US and 120 stores in Indonesia. Overcoming conflicts with partners and a firing incident, and after appearing on Shark Tank, the brand established itself with energy and hospitality at its core.
Key points
Founder Junghun Song moved to the US at age 26 without speaking English, gaining experience entertaining customers with magic and palm reading as a waiter at a Korean restaurant to earn tips.
Link to this point #2Founded as a food truck in 2013, it became a sensation on social media with high-energy performances like dancing and shouting, building close relationships with customers.
Link to this point #3While restaurants are often described as 'delicious' or having 'good service,' they are rarely called 'fun.' CUPBOP places 'fun' at the core of its brand identity.
Link to this point #4On November 9, 2020, Junghun Song was fired in a coup by three partners, but with the support of employees, banks, and investors, the partners eventually sold their shares and left the company.
Link to this point #5Dok, a former analyst at Goldman Sachs and Citadel, joined the company and promoted systemization, including an operations manual and an aggressive incentive plan (up to $5,000).
Link to this point #6Appeared on Shark Tank and secured a deal with Mark Cuban. Aiming to speak English without subtitles, they garnered interest from all the Sharks.
Link to this point #7Mike Dimick, who was homeless, started as a part-time dishwasher and has grown to become a district leader overseeing the entire Colorado market.
Link to this point #8The first question in job interviews is 'Are you happy?', emphasizing giving fair opportunities to everyone rather than focusing on name, education, or experience.
Link to this point #9From the lesson 'Don't believe in people, believe in the system,' they learned that a great system is necessary to trust people.
Link to this point #10Put this knowledge to work.
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