SEOUL, July 7 (Korea Bizwire) — Convenience store owners are considering imposing extra charges during late night hours in protest of the recent decision to raise the minimum wage next year. The Korea Franchisee Union, comprised of all franchisees of major convenience store chains, said Wednesday that it has decided to ask convenience store chains [...]
SEOUL, July 6 (Korea Bizwire) — South Korean convenience chains said Wednesday they plan to introduce limited drone delivery services in selected stores in leisure destinations, as competition to provide faster deliveries heats up. BGF Retail, the operator of CU convenience stores, said Wednesday it will start offering drone deliveries from its store in the [...]
SEOUL, July 5 (Korea Bizwire) — E-Mart Inc., the country’s biggest discount store chain, declared that it will continue to sell major daily necessities at the lowest price as part of efforts to attract more customers in the era of high inflation. The company said Monday that it will select 40 different types of major [...]
SEOUL, July 1 (Korea Bizwire) — A digital transformation is taking place in South Korea’s convenience store industry, with local retailers racing to open stores installed with the latest retail technologies. GS Retail, the operator of local convenience store chain GS25, opened its first smart store, called the GS25 DX LAB, in southern Seoul on [...]
SEOUL, June 21 (Korea Bizwire) — Mini-packaged goods are selling well at large discount stores and the number of subscription coupon users is increasing for convenience stores as inflation woes persist. Discount store chain Homeplus saw the share of mini-packaged fisheries products sold during the period from June 1 to 15 mark a 20-fold increase [...]
SEOUL, June 10 (Korea Bizwire) — GS25, a South Korean convenience store chain, said Thursday it had decided to donate the leftover inventory of closed stores to Good Will Store, a vocational rehabilitation facility for handicapped people run by the Miral Welfare Foundation. Thus far, it has disposed of such products by sending them to [...]
SEOUL, May 31 (Korea Bizwire) — CU, South Korea’s second-largest convenience store chain by revenue, said Tuesday it will add nine payment options, mostly from Southeast Asian countries, in the latest move to boost the convenience of foreign tourists. The new payment options, which are set to begin next month, include Hong Kong’s AlipayHK, the [...]
SEOUL, May 24 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, is targeting to achieve double-digit growth in exports of Korean distilled rice liquor soju this year on higher brand awareness and customized marketing, a company executive has said. Hitejinro earns 10 percent of its total sales from exports of soju, Korean rice [...]
SEOUL, May 19 (Korea Bizwire) — Amid a decline in the number of customers visiting brick-and-mortar stores due to the rapid growth of the online market, South Korea’s major retailers are expanding rest and entertainment space as part of their survival strategy. Lotte Mart’s Jamsil outlet in Seoul on Sunday opened a futsal court with [...]
SEOUL, May 18 (Korea Bizwire) — The landscape of South Korea’s early-morning delivery market is shifting as logistics giant CJ Logistics Corp. has entered into an agreement with the country’s top online portal operator Naver Corp. to join the fast delivery market. The two parties recently announced that they will strengthen cooperation in logistics area, [...]