convenience store Archives | Be Korea-savvy
Amid Growing Popularity, CVSs Increasing Number of Outlets That Sell Instant Coffee

Amid Growing Popularity, CVSs Increasing Number of Outlets That Sell Instant Coffee

SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s convenience store (CVS) chains are increasing the number of outlets selling instant brewed coffee amid growing popularity of the cheap beverage, industry sources said Thursday. South Korea’s largest convenience store chain, CU, said it will raise the number to more than 12,000, from the current 8,000, by [...]

Two Days After Minimum Wage Hike, Opinions Mixed

Two Days After Minimum Wage Hike, Opinions Mixed

SEOUL, Jan. 3 (Korea Bizwire) — Workers and business owners across South Korea expressed mixed views two days after a dramatic minimum wage hike was implemented. Yesterday was the second day in South Korea that workers at the low end of the pay scale received an hourly wage of 7,530 won, but opinions varied on [...]

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]

SK Telecom’s AI Program to Help Convenience-store Employees

SK Telecom’s AI Program to Help Convenience-store Employees

SEOUL, Jul. 24 (Korea Bizwire) — SK Telecom Co. said Monday it agreed to join forces with a major South Korean convenience store chain to deploy its artificial intelligence product NUGU to help store clerks. The country’s No. 1 mobile carrier said it will test-run NUGU at South Korea’s largest convenience store chain CU in [...]

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 [...]