SEOUL, April 27 (Korea Bizwire) – A series of stories involving taxi drivers and convenience stores helping police in recent weeks is shedding light on how far collective efforts can go in improving community safety. Last Tuesday, a man from Daegu contacted the police an hour after his 82-year-old mother, who suffers from dementia, went [...]
SEOUL, April 24 (Korea Bizwire) – Cash payments fell to less than half of all payments at a major convenience store chain in 2016 as a growing number of people used credit, debit and other cards, the chain said Sunday. It is the first time that card payments have exceeded 50 percent of the total at any convenience store chain, CU said. Card payments at CU outlets rose to [...]
SEOUL, April 18 (Korea Bizwire) – As the weather warms up in South Korea, major convenience store chains are releasing new spring and summer products ranging from iced tea and caffe lattes to plastic cups filled with ice cubes to drink a cold beverage out of. The market for ice products in the convenience store [...]
SEOUL, April 11 (Korea Bizwire) – The Korean National Police Agency (KNPA) announced yesterday it has teamed up with CU, the largest convenience-store chain in South Korea, to install a touchscreen emergency system in every store by the end of the year as part of efforts to ramp up security and prevent crime. The latest collective [...]
SEOUL, Nov. 30 (Korea Bizwire) – Convenience stores have become the largest market for selling alcohol drinks, a market report showed Wednesday, apparently due to more people choosing to drink alone or with their families. The retail index provided by information analysis firm Nielsen Korea said convenience stores ousted discount chains to become the biggest [...]
SEOUL, Nov. 16 (Korea Bizwire) – The number of convenience stores in South Korea has surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, industry statistics showed Wednesday. The number indicates a significant increase from 28,994 counted at the end [...]
SEOUL, Oct. 11 (Korea Bizwire) – Around 15 convenience stores were newly opened in South Korea everyday on average last year, a ruling lawmaker said Tuesday, urging the fair trade watchdog to seek measures to avoid excessive competition in the market. According to the data compiled by Rep. Yoo Ui-dong of the Saenuri Party, 5,508 [...]
SEOUL, Sept. 29 (Korea Bizwire) – Ticket Monster (T-Mon), Korea’s leading social commerce platform, announced Thursday that it will be supplying convenience store franchise CU with Xiaomi products for offline distribution. CU outlets have already been selling Xiaomi portable battery packs (5000mAh) since the beginning of September, which were also supplied by T-Mon, but they [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lunch boxes sold at convenience stores have grown increasingly popular in the past year, roughly tripling in sales and reshaping the lunch culture for employees and students in Korea. Lunch meals sold at convenience stores come relatively cheap, ranging between 3,000 won (US$2.66) and 4,000 won, with the quality [...]
SEOUL, July 28 (Korea Bizwire) – CU, a convenience store franchise operated by BGF Retail, has joined hands with luxury karaoke business Su Karaoke to launch Korea’s first ‘Karaoke Convenience Store’. Located in one of Seoul’s most vibrant and youth-driven areas, Hongdae Street of Youth, the karaoke building houses a CU store on its ground [...]