GS Retail Archives | Be Korea-savvy
Korean Government to Re-examine Humidifier Disinfectant Case

Korean Government to Re-examine Humidifier Disinfectant Case

SEOUL, May 2 (Korea Bizwire) — The Korean government announced that it will re-examine potential health damages to the respiratory system and other organs from humidifier disinfectants. The Ministry of Environment’s Humidifier Disinfectant Investigations Committee revealed that it will study the possibility of rhinitis, bronchitis, and other potential non-pulmonary damages resulting from humidifier disinfectants, and [...]

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

SEOUL, July 20 (Korea Bizwire) – With the increase of so-called “home alone” people or single-person households, a wave of change is coming to Koreans’ consumption patterns, and it is affecting the stock prices of related industries. Restaurants or karaoke rooms for one visitor are already thriving in Korea, and various ‘home alone’ products such [...]

GS25 Sells 14,000 MVNO Phones from May 1 to June 25 at Its Stores

GS25 Sells 14,000 MVNO Phones from May 1 to June 25 at Its Stores

SEOUL, June 27 (Korea Bizwire) – GS25, Korea’s major convenience store franchiser, is enjoying a sharp increase in the sales of MVNO (mobile virtual network operator) phones at its stores nationwide. Mobile virtual network operators obtain bulk access to network services at wholesale rates and set retail prices accordingly. That’s how MVNO service providers typically charge lower rates [...]

GS Retail Introduces Performance-sharing Scheme for Small Business Partners

GS Retail Introduces Performance-sharing Scheme for Small Business Partners

SEOUL, Korea, Feb 7 (Korea Bizwire) – GS Retail Co., the company operating convenience stores under the brand name of GS25, won a certification for having introduced the performance-sharing scheme from the state-run Large & Small Business Cooperation Foundation. Under a performance-sharing scheme, a large corporation leads initiatives in product development, quality control, productivity enhancement, and cost [...]