SEOUL, March 3 (Korea Bizwire) – While the retail sector in general is going through tough times amid the economic slowdown, convenience stores and online shopping websites — especially those dedicated to mobile users — are weathering the storm, with consistent double digit growth rates. Not surprisingly, there is a secret to their ability to outperform [...]
SEOUL, Feb.24 (Korea Bizwire) – A new service that offers delivery for convenience store items such as boxed meals and bottled water is gaining popularity. According to representatives from convenience store chain CU, the number of deliveries made in January jumped 10.5 times compared to July 2015. Since June 2015, CU has provided delivery services [...]
SEOUL, Feb.23 (Korea Bizwire) – For the first time in the 27 years since convenience stores were introduced in Korea, sales of boxed lunches climbed to the top, exceeding sales of popular products such as alcohol and banana milk. The increase in the number of one or two person households, which are the target consumers [...]
SEOUL, June 29 (Korea Bizwire) – Convenience store franchise CU is hitting the market with a limited edition set of tumblers produced to commemorate the centenary year of the famous Coca Cola bottle. CU will be the sole provider of the three kinds of tumblers in Korea, which will be produced by Cool Gear under [...]
CHUNCHEON, May 7 (Korea Bizwire) — Four white collar workers have been arrested by the police on charges of buying and selling 100 million won (US$ 92,500) worth of cigarettes to benefit from Korea’s tobacco price hikes. According to the Chuncheon Police Agency, the four men were working at the same company, and gathered 100 [...]
SEJONG, Korea, Feb. 25 (Korea Bizwire) – An identified gunman shot three people to death with a shotgun at a convenience store in Sejong city, de facto administrative capital of South Korea, on the morning of February 25. A rescue team transported the three wounded, including the owner of the shop, his father and a [...]
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 [...]
SEOUL, Aug. 26 (Korea Bizwire) – After the Seoul Metropolitan city government designated 638 convenience stores that are open 24 hours a day as safety protection spots for women, more and more women have used the places in emergency situations. Earlier on February 25, in cooperation with the Seoul Metropolitan Police Agency, the city government signed an agreement [...]
SEOUL, June 11 (Korea Bizwire) – Even past the normal business hours of banks, Koreans can pay their bills and taxes easily at convenience stores with the so-called u-billing service. Now the service added another feature, paying social insurance bills at convenience stores such as those for national pension and healthcare insurance. Duzon BizOn, the [...]