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Customers at select GS25 convenience stores in South Korea will be able to charge shared electric bicycles from June.

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South Korea’s FTC (Fair Trade Commission) approved a set of voluntary rules agreed by convenience store operators to better protect struggling franchisees. Minimum distance between stores Five members of the Korea Association of Convenience Store Industry, CU, GS25, 7-ELEVEN, MINISTOP, C-SPACE and Emart24, came up with a voluntary agreement to curb excessive competition. A key centerpiec...
South Korean convenience chains CU and GS25, operated by BGF Retail and GS Retail respectively, have seen a recovery in their results for the first half. BGF Retail's sales up 12.3% CU convenience chain recorded a net profit of KRW45.3bn (US$40.2m) from April to June, an increase of 105% from the first quarter of this year. Sales increased 12.3% to KRW1,478.5bn (US$1.3bn) compared with the ...
We review some of the latest developments at Shinsegae, GS Retail and Ministop Korea. Shinsegae to open flagship VIDIVICI store in China Shinsegae International is opening a cosmetics flagship store for its VIDIVICI beauty brand in China late next year. It will launch a new premium lotus-themed skincare range prior to the opening. Korean beauty products are reputable and widely popular acro...
GS Retail has announced a KRW33bn (US$29m) investment in US online retailer Thrive Market . Offering more exclusive products GS Retail has signed an agreement with Thrive Market to boost its offer in organic foods. The Korean retailer will sell popular Thrive Market products at its operating banners GS25, GS Supermarket and Lalavla (previously Watsons) within a year, bringing more exclus...

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