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. [...]
SEOUL, Jan. 10 (Korea Bizwire) — The number of new convenience stores in South Korea dropped last month, ostensibly due to this year’s minimum wage hike. According to industry sources, a total of 83 stores were added by the three major convenience store chains CU, GS25, and 7-Eleven in December – 44, 25, and 14, respectively. [...]
SEOUL, Nov. 15 (Korea Bizwire) – KT&G has exhausted its 10,000-unit supply of its HNB e-cigarette “Lil” within two days, according to the South Korean tobacco firm. Sold at GS25 convenience stores throughout the Seoul area, the pre-orders began on November 13 and ended around 5 p.m. the following day. Buyers can pick up their [...]
SEOUL, Oct. 26 (Korea Bizwire) – GS25, a convenience store chain run by GS Retail, said Thursday it was named the winner of a regional award for marketing, making it the first recipient of the prize by a South Korean company. The retailer is due to receive the Asia-Pacific Retailers Association award in the best [...]
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 [...]
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 [...]
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 [...]
SEOUL, Jul. 31 (Korea Bizwire) — GS Retail Co., a major convenience store chain operator, said Monday it has signed an agreement with a Vietnamese company to make inroads into the Southeast Asian market. The Korean firm said it signed a deal with SonKim Group in Ho Chi Minh City on Thursday to set up [...]
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 [...]
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 [...]