SEOUL, June 14 (Korea Bizwire) — South Korean convenience store chain CU has announced the launch of a campaign against child abuse and disappearance in Mongolia. BGF Retail Co., the operator of CU, said that the convenience store chain is rolling out the ‘I Care for You’ campaign in Mongolia. The campaign encourages the public [...]
SEOUL, April 14 (Korea Bizwire) — The Korean Wave is sweeping over Malaysia’s Kuala Lumpur after locals flocked to a newly opened CU convenience store last week. BGF Retail Co. said Tuesday that CU Centerpoint, its first franchise in Malaysia, was visited by more than 11,000 local consumers in the last 10 days. The feat [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, March 22 (Korea Bizwire) — Despite a 24.3 percent jump in sales of livestock products last year, big five convenience store chain CU is not resting on its laurels, and has decided to try selling fresh meat through a vending machine. CU announced on March 22 that it will place an “IoT Smart Vending [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store chain, said sales of foreign beer brands [...]
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. [...]