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South Korean convenience stores in coffee war

South Korean convenience stores are engaging in a bitter coffee war.

Korean c-store swaps old for new

Convenience Store to Replace Worn-out Batteries with Charged Ones.

Home Plus in bid for c-store chain

Korean news media report Home Plus is negotiating to acquire about 100 365 Plus stores from C-Space, a subsidiary of the industrial conglomerate Hanwha Group, which also operates department stores in South Korea. If the deal proceeds, Home Plus would have about 320 stores – a network large enough to make it the nation’s fifth largest c-store group in terms of store numbers, overtaking rival Shinsegae’s WithMe chain. “We are in exclusive talks with Home Plus and may be able to finalise th…

FamilyMart to exit South Korea

Japanese convenience store operator FamilyMart is exiting the South Korean market. It will sell its 25 per cent shareholding in the CU convenience store chain through an initial public offering. FamilyMart’s stake is valued at 283 billion won ($268 million). CU operates nearly 8000 stores across South Korea. FamilyMart entered South Korea in 1990 through a licensing agreement with Bokwang Group, now known as BGF Retail. The Japanese retailer did not reveal why it is exiting the ma…