McDonald's adding 1,500 outlets in China, S.Korea, Hong Kong

BEIJING (AP) — McDonald's Corp. said Thursday it plans to open 1,500 new restaurants in China, South Korea and Hong Kong as it looks to faster-growing markets to help drive a global turnaround.

"Asia represents a significant area of opportunity for McDonald's to blend our global quality standards with local insights and expertise from partners who share our vision and values," Easterbrook said in a statement.

The company previously announced plans to identify strategic partners in two other Asian markets, Taiwan and Japan.