SEOUL, Oct. 8 (Korea Bizwire) — The convenience store giant 7-Eleven was found to have the greatest number of official disputes between its main office and franchise stores. According to parliamentary audit files submitted to Rep. Cho Bae-sook of the Party for Democracy and Peace, there were 498 dispute cases regarding convenience stores filed at [...]
SEOUL, Jul. 10 (Korea Bizwire) — GS25, a convenience store brand managed by GS Group, announced yesterday that the number of GS25 stores that offer coffee products distributed under its own coffee brand, Cafe 25, had expanded to 10,000 outlets. The feat was achieved just 30 months after Cafe 25 first started selling its products [...]
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 [...]
SEOUL, Feb. 6 (Korea Bizwire) — Emart24, Shinsegae Group’s rebranded convenience store chain, is expanding at a faster pace than its main rivals although it’s still behind in the total number of stores, industry data showed Tuesday. Emart24 added 95 more stores in January, compared with 71 for CU, 84 for GS25 and 25 for [...]
SEOUL, Jan. 18 (Korea Bizwire) — GS Retail Co., a major convenience store chain operator, said Thursday its first two foreign branches are set to open in Vietnam, as local convenience stores accelerate their overseas push amid fierce competition at home. The South Korean firm said two GS25 stores will open in Ho Chi Minh [...]
SEOUL, Jan. 10 (Korea Bizwire) — The number of new convenience stores in South Korea dropped last month, ostensibly due to this year’s minimum wage hike. According to industry sources, a total of 83 stores were added by the three major convenience store chains CU, GS25, and 7-Eleven in December – 44, 25, and 14, respectively. [...]
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 [...]
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, Aug. 24 (Korea Bizwire) — A Bank of Korea proposal on how to reduce the amount of pocket change Koreans carry around has proven to be a success among the selected stores the new service is being tested at. The bank has made it possible for shoppers at three major convenience store chains and [...]
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 [...]