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

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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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Competition over delivery services in the convenience store sector is heating up, according to Korea Bizwire. 

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In response to consumers’ increasing demand of healthy diets, operators of convenience stores in the country are expanding vegetarian ranges. Increasing demand for healthy consumption The number of vegetarians in Korea jumped from 150,000 in 2008 to 2 million last year, representing 3% of the total population. The number of vegans is around half a million. Meanwhile, vegetable consumption i...
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...

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