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Convenience Store Chain CU Opens 1st Outlet in Malaysia

Convenience Store Chain CU Opens 1st Outlet in Malaysia

SEOUL, April 1 (Korea Bizwire) — CU has opened its first outlet in Malaysia as part of its overseas push, the operator of South Korea’s top convenience store chain said Thursday. The 165-square-meter outlet started operations at a shopping mall in a middle-class neighborhood in the Malaysian capital of Kuala Lumpur, according to BGF Retail [...]

Convenience Stores Launch On-foot Delivery Service

Convenience Stores Launch On-foot Delivery Service

SEOUL, Oct. 6 (Korea Bizwire) — Convenience store chain CU and local delivery service provider MG Playing have launched a new short-distance, on-foot delivery service. MG Playing assigns deliveries to on-foot delivery personnel nearest to the destination (within a 1 kilometer radius) once an order is placed through the Yogiyo delivery app. When there are [...]

Pet Insurance Policies Coming to Convenience Stores

Pet Insurance Policies Coming to Convenience Stores

SEOUL, July 8 (Korea Bizwire) – South Korea’s leading insurance company and a convenience store franchise are teaming up to promote pet insurance policies at convenience stores and in non-face-to-face transactions, commonly referred to as ‘untact’ transactions in South Korea. BGF Retail, operator of convenience franchise CU, announced Tuesday that it will introduce a pet [...]

S. Korean Convenience Store Operator BGF Retail Taps Mongolia

S. Korean Convenience Store Operator BGF Retail Taps Mongolia

SEOUL, April 17 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said it signed a franchise deal with a Mongolian company on Tuesday, as the firm moves to accelerate its global drive amid fierce domestic competition. Under the agreement, local retailer Central Express will take charge of [...]

S. Korea’s Convenience Store Industry Nears Saturation

S. Korea’s Convenience Store Industry Nears Saturation

SEOUL, Apr. 13 (Korea Bizwire) — When Chung Sung-yeop opened a franchise convenience store in a commercial district of northern Seoul in 2015, there was one competing store within a 1-kilometer radius. Since then, three more convenience stores have opened within easy reach of his outlet, squeezing profits and hurting sales. “Literally, the convenience store [...]

Franchise Convenience Store Owners Work Crippling Hours Year-Round

Franchise Convenience Store Owners Work Crippling Hours Year-Round

SEOUL, Feb. 13 (Korea Bizwire) – A study conducted by the Seoul Metropolitan Government into the working conditions of franchise convenience store owners has found that almost 40 percent are not able to take even a single day off work each year. Including 951 owners, the study revealed that average working hour totals were extreme. [...]

Convenience Stores Branching Out into Cosmetics, Pet Products

Convenience Stores Branching Out into Cosmetics, Pet Products

SEOUL, Feb. 12 (Korea Bizwire) — South Korean convenience stores are branching out into new fields as sales of cosmetics and pet products continue to increase. Nearly 95 percent of the products sold at convenience stores are food and beverages, according to industry sources, but an increasing number of convenience store chains are expanding their offerings [...]