Find out about the retailer's strategic priorities, commercial focus areas, channel and country presence.

See data on the retailer’s performance and forecasts for its operations by channel.

This guide to South Korea explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

We review the five big trends that we identified at the start of 2019, plus provide insight on the latest performance of Asia's leading grocery retailers.

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In response to consumers’ increasing demand of healthy diets, operators of convenience stores in the country are expanding vegetarian ranges.

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CU convenience chain is preparing to accept cryptocurrency payments in South Korea. Offering shoppers another payment method Earlier This week, BGF Retail, parent firm of CU, partnered with Chai to allow buyers to pay by presenting a barcode from the Chai mobile app. CU will use the Chai payment system to trade in Terra, a won-backed stablecoin. There are more than 13,000 CU outlets acro...
South Korea’s BGF Retail Co., the operator of convenience store chain CU, will open its first outlet in Vietnam by June 2020. Second offshore operations after Mongolia The retailer has signed a franchise agreement with a Vietnam-based convenience store operator backed by local companies. BGF Retail will share its brand and knowledge in operations, while the Vietnamese partner will be respon...
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 ...

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