SEOUL, Dec. 22 (Korea Bizwire) – Korean convenience store franchise GS25 and Nongshim Kellogg have partnered for a special New Year’s promotion, offering a “Pringles Lamp of Hope” to 10,000 customers on a first-come-first-served basis. In order to be eligible for the promotion, one needs to purchase a Pringles can (110g) at any GS25 outlet, [...]
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. 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, Aug. 12 (Korea Bizwire) – One of Korea’s biggest convenience store franchises, GS25, has joined hands with Disney for the limited sale of gold medals (24K) printed with characters from Marvel Comics. Dubbed ‘Marvel Avengers Gold Special Edition’, the 1,000-unit limited boxed set comes with four medals, each three centimeters in diameter and featuring [...]
SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]
Seoul, July 27 (Korea Bizwire) – Distribution enterprises are launching smartphone applications for customers. According to industry watchers, GS25, a convenience store run by GS Retail, has been managing an app called ‘My Refrigerator’ since 2011. Through the app, consumers that buy 1+1 or 2+1 products can keep the additional products in a virtual refrigerator and [...]
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 [...]
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 [...]