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, Dec. 13 (Korea Bizwire) – The retail industry, traditionally centered on price and product competition, is now grappling with intense rivalry by adopting innovative approaches to store differentiation. In particular, there is a rising trend among consumers towards specialized stores that concentrate on a specific product category, acting as a catalyst for increased sales. A [...]
SEOUL, Dec. 6 (Korea Bizwire) – A unique convenience store offering a diverse selection of over 200 ramen varieties has made its debut. Convenience store chain CU launched the industry’s inaugural ‘K-Ramen Specialty Convenience Store’ in Hongdae, Mapo-gu, Seoul, centering its theme around ramen—a product category that has been a driving force behind recent convenience store [...]
SEOUL, Oct. 20 (Korea Bizwire) – BGF Retail, the company that operates the CU convenience store chain, announced on Thursday that its employees and CU store owners went on a trip to Dokdo as part of the “2023 Dokdo Love Support Event.” This event is part of the Dokdo Love Campaign, which BGF Retail has been running [...]
SEOUL, Sept. 20 (Korea Bizwire) – Ultra-affordable beer is now available for just 6,000 won for four cans, significantly cheaper than imported beers priced at 11,000 won for four cans, as well as local brands like Cass and Terra. Convenience store chain CU announced on Tuesday the launch of ‘Seomin Beer,’ a beer version of ‘Seomin [...]
SEOUL, May 31 (Korea Bizwire) — CU, South Korea’s second-largest convenience store chain by revenue, said Tuesday it will add nine payment options, mostly from Southeast Asian countries, in the latest move to boost the convenience of foreign tourists. The new payment options, which are set to begin next month, include Hong Kong’s AlipayHK, the [...]
SEOUL, April 21 (Korea Bizwire) — CU, South Korea’s top convenience store chain, said Thursday it has opened its 200th outlet in Mongolia as part of the company’s push to expand its presence in the landlocked East Asian country. The launch came four years after CU made forays into the Mongolian market through a franchise [...]
SEOUL, Jan. 12 (Korea Bizwire) — CU, South Korea’s top convenience store chain, said Thursday it has established its 50th outlet in Malaysia as part of its overseas push. The opening comes nine months after CU set up its first outlet at a shopping mall in a middle-class neighborhood in the Malaysian capital of Kuala [...]
SEOUL, Jan. 7 (Korea Bizwire) — Convenience store chain CU has teamed up with rental service startup Aroundable to launch the “Pick and Pick” rent service at five stores. Users will be able to rent about 300 items in 11 categories, including gaming consoles, beauty devices, camping equipment and sporting goods. The minimum rental period [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s major convenience store chain CU said Thursday it has launched two stores in a new international airport in Mongolia as part of efforts to boost its presence in the country. CU said the company has become the first South Korean convenience store chain that has established outlets [...]