GS25 Archives | Be Korea-savvy
Convenience Stores Decry Credit Card Fees on Cigarettes, Plastic Bags

Convenience Stores Decry Credit Card Fees on Cigarettes, Plastic Bags

SEOUL, Sept. 14 (Korea Bizwire) – A collective of convenience store owners will file a class action lawsuit against the government to demand the repayment of five years’ worth of credit card fees on cigarettes and plastic bag sales. The collective’s leader, Kye Sang Hyuk, shared with media outlets on September 14 that preliminary discussions [...]

Pesticide Eggs: Wary Retailers Ban Sale of Belgian Products

Pesticide Eggs: Wary Retailers Ban Sale of Belgian Products

SEOUL, Aug. 11 (Korea Bizwire) — The European Union’s recent acknowledgement that large-scale shipments of eggs from Belgium and the Netherlands may have been contaminated by a pesticide has stores and markets rethinking the sales value of Belgian waffles. The pesticide, Fipronil, is believed to be hazardous to humans. So far, Germany, England, Sweden, Switzerland [...]

Number of Convenience Stores in Korea Reaches 34,000, Despite Stiff Competition

Number of Convenience Stores in Korea Reaches 34,000, Despite Stiff Competition

SEOUL, Aug. 9 (Korea Bizwire) — Despite stiff competition and declining profits, more and more convenience stores in South Korea are opening, with the number of convenience stores per head surpassing that of Japan, a country thought to be the Asian capital of the industry. According to industry sources on Tuesday, there were an estimated 34,376 [...]

Convenience Store Frozen Food Sales Rebound

Convenience Store Frozen Food Sales Rebound

SEOUL, Jul. 7 (Korea Bizwire) — As the number of single-person households continues to grow in South Korea, sales growth of frozen food at major convenience stores has significantly increased over the past six months, compared to average sales from 2012 to 2016. Among the frozen food items, frozen pizza was most popular, with sales [...]

Convenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales

Convenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales

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 [...]

Convenience Stores Become Biggest Seller of Alcohol Drinks

Convenience Stores Become Biggest Seller of Alcohol Drinks

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 [...]

Convenience Stores Showing Marked Growth in Numbers, Sales

Convenience Stores Showing Marked Growth in Numbers, Sales

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 [...]