SEJONG, Nov. 2 (Korea Bizwire) – South Korea’s finance ministry said Monday it will allow people to exchange the Korean currency for foreign currency banknotes at convenience stores starting next year, as part of its efforts to ease regulations in the foreign exchange market. Under the move, people can ask banks to exchange the Korean [...]
SEOUL, Oct. 12 (Korea Bizwire) – Amid the increase in the number of consumers who refrain from going far away from their homes due to the spread of the COVID-19 pandemic, a variety of convenient services offered by convenience stores are gaining growing popularity. Convenience store chain CU saw the use of its parcel delivery [...]
SEOUL, Oct. 2 (Korea Bizwire) — When consumers buy wine at convenience stores in South Korea, they tend to buy premium side dishes with a value equivalent to about a half of that of the wine. Convenience store chain CU analyzed sales trends at its stores for the period from Sept. 1-23. The analysis showed [...]
SEOUL, Sept. 10 (Korea Bizwire) — Alcohol sales are rising as strict government-imposed social distancing measures continue to take effect. Convenience store chain Emart24 reported on Wednesday that sales of wine surged 225.4 percent between Aug. 30-Sept. 8 compared to last year. Sales of hard liquor jumped by 175.2 percent, while sales of soju and [...]
SEOUL, Sept. 8 (Korea Bizwire) — Weekly sales of ready-to-eat meals at convenience stores jumped as bars are now required to close down at 9 p.m. in accordance with tighter quarantine measures. Convenience store chain CU reported that in the period between 10 p.m. and 2 a.m. from Aug. 30 to Sept. 5, sales of [...]
SEOUL, Aug. 27 (Korea Bizwire) — Many government bodies in South Korea, including those in all major metropolitan areas, have made it mandatory to wear a mask both indoor and outdoor as a part of efforts to prevent the spread of the coronavirus. Nonetheless, voices are growing that it’s difficult to crack down on people [...]
SEOUL, Aug. 4 (Korea Bizwire) — Despite the heavy rainfall in the Seoul Metropolitan Area on Monday, which flooded the entire Han River area, convenience stores in Hangang Park were found to have sustained no damage, thanks to the ‘floating house’ structure that enables them to float on top of the water as it rises. [...]
SEOUL, June 30 (Korea Bizwire) — Wine sales at convenience stores are growing at a robust pace in South Korea primarily thanks to strong demand from female customers in their 30s and 40s. According to the convenience store chain 7-Eleven on Sunday, wine sales at its convenience stores so far this year were 32.3 percent [...]
SEOUL, June 4 (Korea Bizwire) — Hydrogen filling stations will now be able to open convenience stores or cafes similarly to gas and liquefied petroleum gas (LPG) stations. The government decided upon 35 measures to resolve various issues faced by newly emerging industries at a meeting on Wednesday. Previously, local authorities failed to approve convenience [...]
SEOUL, May 27 (Korea Bizwire) — Koreans visit convenience stores more than twice a week and spend about 6,000 won (US$4.86) each time, according to a recent survey. As per a report released Tuesday by market analyst OpenSurvey, Koreans go to convenience stores 2.6 times a week on average and spend an average of 6,347 [...]