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 [...]
SEOUL, May 11 (Korea Bizwire) – As Korea’s three main mobile telecommunications service providers have been under suspension taking turns, the budget phone industry is benefiting from the misfortune of the giants. While the three companies are stuck in playing a zero-sum game, budget phone industry has leapfrogged as another axis in the domestic mobile telecom market. [...]