SEOUL, Oct. 14 (Korea Bizwire) — As wine consumption rises with the arrival of autumn, South Korea’s convenience store chains are racing to differentiate their wine selections, forging partnerships with global distributors and wineries to appeal to increasingly sophisticated local palates. GS25 said its smart liquor pre-order platform, Wine25Plus, has recorded 500 million won ($365,000) in [...]
SEOUL, July 31 (Korea Bizwire) — As South Korean consumers grapple with rising food prices, ultra-low-cost products priced under 1,000 won are gaining popularity—prompting convenience stores to expand their “super-value” offerings. On July 30, 7-Eleven announced the launch of two canned coffee products, “Seven Select Black Coffee” and “Seven Select Café Latte,” each priced at [...]
SEOUL, Jul. 8 (Korea Bizwire) – As sweltering heat and monsoon rains intensify, convenience stores and supermarkets in South Korea are turning to home delivery services to capture customers reluctant to venture out in inclement weather. Convenience stores and corporate supermarkets, known for their proximity to residential areas — so close that Koreans joke about going [...]
SEOUL, Jul. 8 (Korea Bizwire) – In response to rising inflation, South Korean convenience store chains are increasingly turning to direct sourcing of overseas products to offer affordable options to budget-conscious consumers. According to industry reports, major convenience store chains including CU, GS25, 7-Eleven, and Emart24 are each introducing 20 to 50 directly sourced products annually. [...]
SEOUL, May 22 (Korea Bizwire) – As economic headwinds stir up demand for safe-haven assets, convenience stores in South Korea are seeing a surge of younger buyers snapping up affordable, bite-sized gold bars, underscoring the appeal of the precious metal as a compact investment during turbulent times. Convenience store operators say sales of card-sized gold bars [...]
SEOUL, July 7 (Korea Bizwire) — Refrigerated shelves at convenience stores are often set to excessively low temperatures, leading to significant energy waste, a consumer advocacy group said Thursday. The Korea Consumer Agency examined the temperature settings of refrigerated display stands in 60 convenience stores nationwide. Among these, 56 stores had set their temperatures below [...]
SEOUL, June 5 (Korea Bizwire) — South Korean convenience store industry’s strategy to maximize offline sales by utilizing online platforms is gaining momentum. Convenience store chain CU placed a hangover relief jelly at its physical stores after the product gained popularity among young people when it was released on its mobile application Pocket CU in [...]
SEOUL, May 31 (Korea Bizwire) — In the era of high inflation, convenience stores are striving to attract budget-conscious young consumers by introducing highly cost-effective private brand (PB) products. GS25, a convenience store chain, plans to offer its PB ice Americano and Americano, originally priced at approximately 2,000 won each (US$1.52), at a significantly discounted [...]
SEOUL, April 12 (Korea Bizwire) — Optical film manufacturer Sangbo Corp. announced that it has developed a special film that selectively prevents cigarette ads in convenience stores from being viewed from outside. The company completed a patent application and established a mass-production system for the target blocking (TB) film after developing it. The TB film’s [...]
SEOUL, April 10 (Korea Bizwire) — South Korean convenience store chains are continuing discount promotions for popular alcoholic beverages, including whisky and wine. CU sold 1,600 bottles of some 30 popular whiskies and wines at 30 stores in the Seoul region last weekend at a discount rate of up to 30 percent. Balvenie 12-Year-Old Double [...]