WINSTON-SALEM, N.C. — Krispy Kreme Doughnut Corp. has entered an agreement with Huan Hsin Co., Ltd. for the development of 10 Krispy Kreme franchise locations in Taiwan over the next five years.

“Taiwanese people have much experience with Western food and have been consuming it throughout the years,” said Hung Chun Hsu, president of Huan Hsin Co. “Donuts are very popular in Taiwan, and we expect the market to grow quickly for Krispy Kreme through our signature original glazed donut and premium coffees.”

Huan Hsin has been doing business in Taiwan, Malaysia and China for 30 years.

In addition to Taiwan, Krispy Kreme has more than 730 locations in 22 countries, including Australia, Bahrain, Canada, China, Dominican Republic, India, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico, the Republic of Korea, Qatar, the Kingdom of Saudi Arabia, Thailand, Turkey, the United Arab Emirates, the United Kingdom and the United States.