BGF Retail Archives - Inside Retail Asia
South Korean convenience-store owners are cancelling 24-service as minimum wage rise has eroded profits. Last year, president Moon Jae-in launched a campaign to raise the hourly minimum wage by 29 per cent over two years. With night-shift employees earning time-and-a-half pay, franchisees have been struggling to pay part-time staff during the small hours. Not all stores traded arou…
South Korean companies are engaged in a fierce battle with Japanese rivals in the Vietnam retail market, which has emerged as a “post-China.”
Major South Korean convenience-store chain CU is preparing to accept payments in cryptocurrency.
South Korea’s CU convenience store chain will expand its footprint to Vietnam, its second international market after Mongolia.
The parent of South Korea’s CU convenience stores has reported a 600 per cent leap in operating profit.
South Korean convenience store openings in South Korea fell last year, according to industry data.
More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness.
South Korean convenience stores saw their sales soar as their national football team played its first game of the World Cup.
Korea’s CU convenience store expands into Mongolia via a franchisee.
South Korea’s BGF Retail Co is to open CU Iran outlets in a new joint venture.
Korean convenience store chain CU, run by BGF Retail, has set up its own parcel delivery service unit, BGF Post.
South Korean convenience stores are engaging in a bitter coffee war.