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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.

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Costco-like warehouse style supermarkets are benefiting from the pandemic as shoppers are visiting stores less frequently but buying more at each shopping trip.

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Growth of convenience stores is accelerating, outperforming large format stores. CVS making more profits than supermarkets Convenience store operators reported record-high operating profits last year (2019): GS25: KRW256.5bn (US$217mn) CU: KRW196.6bn (US$162mn) Whereas Emart, South Korea’s largest grocery retailer, saw its operating profit down by 67.4% to KRW105.7bn last year...
Asian private-equity firm MBK Partners withdrew a planned Homeplus property float due to weak interest. A potential US$1.5bn plan MBK was planning to spin off 51 of the South Korean retailer’s hypermarket buildings in cities including Busan and Incheon through a US$1.5bn float of a real estate investment trust (REIT). The proceeds were potentially to be used to pay off most of a hefty fi...
Europe-based buying alliance EMD has announced that South Korea-based Homeplus will join the organisation. EMD said Homeplus will initially work with EMD on the ‘ sourcing of private label products ’, but noted there is scope for ‘ the option of cooperation in other areas of intercontinental cooperation ’. Homeplus to expand EMD’s global membership Following the addition of Homeplus, EMD wi...
Korean hypermarket and convenience retailer, Home plus, has opened a new format Home plus Special store in Daegu. Reinventing its big-box stores Home plus first announced plans to open new warehouse stores in April. The retailer has now converted a Home plus store in Daegu to its new hybrid wholesale and hypermarket format. Home plus Special targets individual shoppers but also busines...

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