SEOUL, Nov. 19 (Korea Bizwire) – South Korean cosmetics companies are rolling out smaller-sized products to capture the growing market of Generation Z and Alpha consumers, who are increasingly seeking affordable ways to experiment with beauty products. Daiso, a popular discount retailer, reported a dramatic surge in cosmetics sales for January through October this year, with [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a bold fusion of tradition and technology, a new ‘K-convenience store’ has opened its doors in Seoul’s historic Insadong district, offering visitors a unique blend of Korean culture and cutting-edge retail experiences. GS Retail, the operator of the GS25 convenience store chain, unveiled its latest venture, Ground Blue 49, [...]
SEOUL, Jul. 8 (Korea Bizwire) – As sweltering heat and monsoon rains intensify, convenience stores and supermarkets in South Korea are turning to home delivery services to capture customers reluctant to venture out in inclement weather. Convenience stores and corporate supermarkets, known for their proximity to residential areas — so close that Koreans joke about going [...]
SEOUL, Jul. 8 (Korea Bizwire) – In response to rising inflation, South Korean convenience store chains are increasingly turning to direct sourcing of overseas products to offer affordable options to budget-conscious consumers. According to industry reports, major convenience store chains including CU, GS25, 7-Eleven, and Emart24 are each introducing 20 to 50 directly sourced products annually. [...]
SEOUL, Nov. 26 (Korea Bizwire) –Eight out of 10 South Koreans express support for the implementation of a comprehensive government ban on single-use plastics, as revealed by a recent poll. Concerning the Ministry of Environment’s decision on November 7 to retract its proposal to ban plastic straws and paper cups, 50.2 percent of respondents indicated [...]
SEOUL, April 7 (Korea Bizwire) — South Koreans have embraced a fresh addition to their lexicon with the term “Hyeja-like”, denoting the exceptional content or quality of a product, especially in relation to its price. This term is derived from acclaimed actor Kim Hye-ja’s name and was inspired by her philanthropic work in creating an [...]
SEOUL, March 2 (Korea Bizwire) — GS25, the convenience store chain run by GS Retail Co., has reintroduced the “Kim Hye-ja” lunchbox six years after production ceased. The low-priced lunchbox was originally promoted by actress Kim Hye-ja, spearheading the lunchbox boom at South Korean convenience stores. Since it was released in September 2010, 40 different [...]
SEOUL, Oct. 3 (Korea Bizwire) — GS Group’s convenience store chain GS25 said Monday it has opened its 100th outlet in Mongolia since its entry into the East Asian country 16 months ago. GS25 aims to expand the number of outlets in Mongolia to more than 500 by 2025 by launching more customized food products. [...]
SEOUL, July 11 (Korea Bizwire) — Southeast Asia is becoming a new battleground for South Korean convenience store chains, with local brands rushing to open stores in countries such as Malaysia and Vietnam. Local convenience store chain GS25′s operator, GS Retail, said Monday it has joined hands with Malaysian retail conglomerate KK Group to make [...]
SEOUL, June 10 (Korea Bizwire) — GS25, a South Korean convenience store chain, said Thursday it had decided to donate the leftover inventory of closed stores to Good Will Store, a vocational rehabilitation facility for handicapped people run by the Miral Welfare Foundation. Thus far, it has disposed of such products by sending them to [...]