SEOUL, Aug. 6 (Korea Bizwire) — MINI, BMW AG’s sub-brand for compact vehicles, has joined hands with Starbucks Korea to come up with a new style of marketing. Almost all of the limited merchandise released by the two companies has been sold out after just three days. Considering that this is a seasonal event open [...]
SEOUL, Aug. 6 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s major convenience store chain CU, saw better performance in the second quarter driven by the popularity of craft beer. The company on Thursday said in a regulatory filing that it posted 58.7 billion won ($51.3 million) in operating profit for the [...]
SEOUL, July 30 (Korea Bizwire) – Gulping a can of beer alone after a grueling night shift has been a monthslong ritual for Kim Jae-yeon, a nurse at a general hospital in Seoul, since her favorite watering hole shut down amid the pandemic and the hospital she works at told medical staff to avoid gatherings. [...]
SEOUL, July 29 (Korea Bizwire) — From eBay Korea to Starbucks Coffee Korea, Shinsegae Group vice chairman Chung Yong-jin’s aggressive M&A strategy is attracting significant attention. E-Mart Inc., a discount store chain under Shinsegae Group, bought an additional 17.5 percent stake in Starbucks Coffee Korea on Tuesday, paying 474.2 billion won (US$412 million) to become [...]
SEOUL, July 20 (Korea Bizwire) — With the stock investment fever engulfing individual investors in South Korea, a string of large retailers have released stock-related products that are enjoying growing popularity. Convenience store chain CU is in talks with various securities firms to collaborate on a series of products. In February, the company joined hands [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s major convenience store chain CU said Thursday it has launched two stores in a new international airport in Mongolia as part of efforts to boost its presence in the country. CU said the company has become the first South Korean convenience store chain that has established outlets [...]
SEOUL, July 2 (Korea Bizwire) — E-Mart 24, the convenience store arm of South Korean retail giant Shinsegae, said Thursday that it will increase the number of ‘hybrid’ semi-unmanned stores that operate without workers late at night using a digital payment kiosk system. During the daytime, however, the stores are operated by employees. The initiative [...]
SEOUL, June 29 (Korea Bizwire) — South Korea’s retail industry is preparing to deal with the upcoming summer heat. E-commerce grocer Market Kurly introduced new packaging this month that includes more ice packs and dry ice for refrigerated products. “We are using some 100 kinds of packaging methods to ensure that the food is delivered [...]
SEOUL, June 23 (Korea Bizwire) — E-Mart24 Inc., the convenience store arm of South Korean retail giant Shinsegae, said Wednesday it will open its first store in Malaysia this week as part of its overseas push. The 257-square-meter outlet, located in an office district in the Malaysian capital of Kuala Lumpur, is slated to open [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s major discount stores, convenience stores and e-commerce companies are making various attempts to shorten their delivery service time from one or a half day to as short as one to three hours or even 30 minutes. GS Retail Co., launched its ‘super-speed delivery’ service in January, using [...]