SEOUL, March 24 (Korea Bizwire) — BGF Retail Co., the operator of CU convenience stores, said Thursday it has signed a memorandum of understanding (MOU) with domestic start-up KEIL to convert near-expired food items into feed for mealworms. Under terms of the MOU, BGF Retail will provide the near-expired food items waiting for disposal at [...]
SEOUL, Aug. 26 (Korea Bizwire) — BGF Retail Co., the operator of CU convenience stores, said Thursday it had formed a business agreement with MOBINN, an in-house startup of Hyundai Motor Co., to launch a robot delivery pilot service. After establishing a last-mile business consultative body, the two companies are expected to launch the convenience [...]
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, 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 [...]
SEOUL, March 22 (Korea Bizwire) — Despite a 24.3 percent jump in sales of livestock products last year, big five convenience store chain CU is not resting on its laurels, and has decided to try selling fresh meat through a vending machine. CU announced on March 22 that it will place an “IoT Smart Vending [...]
SEOUL, Nov. 21 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience store operator. The launch of the store in Tehran came about four months after the company signed an [...]
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 [...]
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 [...]
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 [...]
SEOUL, March 31 (Korea Bizwire) — There is a famous preconception that chewing gum is a popular item at the beginning of the year, as it is sought after by smokers trying to kick the habit as part of their New Year’s resolutions. However, according to research released by convenience store chain CU on March [...]