SEOUL, April 25 (Korea Bizwire) — South Korean convenience store chains are placing a bigger focus on developing specialty stores aimed at attracting more customers by providing them with distinguished and special consumption experiences. GS25, for instance, currently operates four types of flagship stores, including café-type stores, liquor-centered stores and finance-specialized stores. The liquor-centered store [...]
SEOUL, April 21 (Korea Bizwire) — CU, South Korea’s top convenience store chain, said Thursday it has opened its 200th outlet in Mongolia as part of the company’s push to expand its presence in the landlocked East Asian country. The launch came four years after CU made forays into the Mongolian market through a franchise [...]
SEOUL, April 19 (Korea Bizwire) — Hite Jinro Co., South Korea’s leading beverage company, said Tuesday it will strengthen marketing efforts in Japan to boost sales of the traditional Korean liquor soju. Japan is Hite Jinro’s second-biggest market for soju after the United States. Soju exports rebounded in 2020 and jumped 27 percent in 2021 [...]
SEOUL, April 19 (Korea Bizwire) — With the government lifting all social distancing rules, effective from Monday, expectations for a return to normal life and an increase in consumption are high in the retail industry. Lotte Department Store, South Korea’s biggest department store chain, plans to launch post-pandemic promotions in late April, as well as [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s top two retailers — Shinsegae Group and Lotte Group — are going beyond retail to jump into the whisky and wine markets, which have been seeing rapid growth since the onset of the COVID-19 pandemic. Lotte Chilsung Beverage Co. announced in a report released early this year [...]
SEOUL, April 11 (Korea Bizwire) — Sales of hangover-cure drinks soar again as the operational hours of restaurants and bars are being extended and the number of private gatherings at night is increasing thanks to the government’s easing of social distancing rules, data showed Sunday. According to convenience store chain CU, sales of hangover drinks [...]
SEOUL, April 11 (Korea Bizwire) — Automotive sales channels that have been limited to offline dealers are now expanding towards retail industries, including large discount stores and online malls, amid a shift in the automotive retail paradigm. Large discount store chains E-Mart Inc. and Homeplus Co. each set up a showroom for Hyundai Motor Co.’s [...]
SEOUL, March 30 (Korea Bizwire) — South Korean furniture manufacturers are opening up ‘experiential model houses’ to boost offline demand. Hyundai Livart Furniture Co. opened up a flagship model house for the company’s total interior brand ‘Livart Home-terior’ in Gangnam, Seoul. The ‘Livart Home-terior’ service offers a one-stop solution for the interior design of kitchens, [...]
SEOUL, March 29 (Korea Bizwire) — The so-called ‘pick-up services,’ where customers can order an item online and pick it up at an offline store, are gaining popularity. A fashion store run by LF in Seoul’s Gangnam District was visited by some 1,000 customers last month to pick up the items they had ordered online. [...]
SEOUL, March 22 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to approve a deal by Korea Seven Co., the operator of 7-Eleven convenience stores, to buy its smaller rival Ministop Korea Co. In January, the country’s retail giant Lotte inked a deal to acquire a 100 percent stake in Ministop [...]