Seven Eleven Archives | Be Korea-savvy
Convenience Store of the Future Opens at Lotte World Tower

Convenience Store of the Future Opens at Lotte World Tower

SEOUL, May 16 (Korea Bizwire) – Seven Eleven Signature opened today at Lotte World Tower, the world’s very first unmanned convenience store where shoppers can pay with the swipe of their hand, thanks to a biometric verification system that scans palm vein patterns. The vein-scanning self-checkout terminal studies the size, color, and shape of each shopper’s [...]

Cards Used More Than Cash at CVS

Cards Used More Than Cash at CVS

SEOUL, April 24 (Korea Bizwire) – Cash payments fell to less than half of all payments at a major convenience store chain in 2016 as a growing number of people used credit, debit and other cards, the chain said Sunday. It is the first time that card payments have exceeded 50 percent of the total at any convenience store chain, CU said. Card payments at CU outlets rose to [...]

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 [...]

Starbucks vs. Convenience Stores: Same Beans, Different Prices

Starbucks vs. Convenience Stores: Same Beans, Different Prices

SEOUL, Feb.15 (Korea Bizwire) – From cheap convenience store coffee to 5,000 won beverages at popular coffee franchises, the domestic coffee market seems to be in chaos. Consumers are facing a vast range of products at different prices, and are coming away confused. Industry officials say that there are differences in roasting skills, but the [...]

Convenience Stores, Literally Very Convenient

Convenience Stores, Literally Very Convenient

SEOUL, Jan.8 (Korea Bizwire) – While sales at department stores and large discount stores have stayed steady or even deceased over the past three years, convenience stores have seen annual growth rates between 10 and 20 percent. Private brands for items such as lunch boxes and snacks developed to meet the needs of single and [...]

Korea’s Next Top Meal Box: 7/11 Employees Compete to Develop New Menu

Korea’s Next Top Meal Box: 7/11 Employees Compete to Develop New Menu

SEOUL, Nov.9 (Korea Bizwire) – As convenient store meal boxes are high in demand, employees and franchise owners of Seven Eleven got together in competition to develop a new meal box menu. A total of 54 teams consisting of Seven Eleven franchise owners, employees and their families competed last month, and 10 teams moved on [...]

Young Seven Eleven Employee Recognized for Her Adaptive Merchandising Strategy

Young Seven Eleven Employee Recognized for Her Adaptive Merchandising Strategy

SEOUL, Apr. 28 (Korea Bizwire) — A young Seven Eleven employee in her twenties has been awarded 20 million won for coming up with a brilliant idea for a product. Jang Chae-Yoon, merchandise director of Seven Eleven’s beverages department, was awarded a Value Champion Award by Lotte Group president Shin Dong-Bin on April 27 at [...]

Lotte.com’s ‘Order Online, Pick Up Offline’ Service Gaining Popularity

Lotte.com’s ‘Order Online, Pick Up Offline’ Service Gaining Popularity

SEOUL, April 27 (Korea Bizwire) – Online retailer Lotte.com’s ‘Smart Pick,’ a service which enables its customers to pick up  ordered items from 30 Lotte Department Store branches around the nation, has been most appreciated by male and female Koreans in their thirties, said the company on April 26. According to a company report, customers [...]