BGF Retail Archives | Be Korea-savvy
S. Korean Convenience Store Operator BGF Retail Taps Mongolia

S. Korean Convenience Store Operator BGF Retail Taps Mongolia

SEOUL, April 17 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said it signed a franchise deal with a Mongolian company on Tuesday, as the firm moves to accelerate its global drive amid fierce domestic competition. Under the agreement, local retailer Central Express will take charge of [...]

S. Korean Convenience Store Chain Taps Iran

S. Korean Convenience Store Chain Taps Iran

SEOUL, Jul. 14 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Friday it signed a franchise deal with an Iranian company marking the first overseas expansion for a convenience store operator. Under the agreement, home appliances firm Entekhab Investment Development Group will take charge of investment [...]

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

SEOUL, July 20 (Korea Bizwire) – With the increase of so-called “home alone” people or single-person households, a wave of change is coming to Koreans’ consumption patterns, and it is affecting the stock prices of related industries. Restaurants or karaoke rooms for one visitor are already thriving in Korea, and various ‘home alone’ products such [...]

Convenience Store to Replace Worn-out Batteries with Charged Ones

Convenience Store to Replace Worn-out Batteries with Charged Ones

SEOUL, April 15 (Korea Bizwire) – A convenience store chain in Korea plans to offer affordable smartphone battery replacements instead of time-consuming charging services. BGF Retail, the company behind the CU convenience store chain, announced on April 14 that it would begin the battery replacement service in May. The service offers fully charged smartphone batteries [...]

Convenience Stores Now Sell “Spaces”

Convenience Stores Now Sell “Spaces”

SEOUL, Jan. 27 (Korea Bizwire) – Convenience stores usually sell simple items such as snacks, drinks and other daily necessities. Now, they are transforming themselves into private lockers, meeting rooms and concert halls providing a variety of “spaces.” According to BGF Retail, the franchiser responsible for the CU convenience store chain, its CU Itaewon Freedom store [...]