Maria SantosStartups
Intellisia Raises ₩3.4 Billion to Replace Consumer Panels with AI
The South Korean startup secured backing from Kakao Ventures and plans a global SaaS rollout alongside digital twin store testing with convenience operator CU.
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BGF Retail
Every story tagged BGF Retail on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged BGF Retail
6 stories in this topic
Aiko TanakaLiving
CU convenience stores parent records sales leap
The operator of South Korea’s CU convenience stores, BGF Retail, has achieved KRW189.5 billion (US$168.9 million) in operating profit last year, a leap of more than 600 per cent over last year. The company said on Tuesday its sales had risen by 515.3 per cent…
Rajiv MenonGeneral
South Korean convenience store openings slow down
South Korean convenience store openings in South Korea fell last year, according to industry data. Thought to be the effect of increasing labour costs and market saturation, the slowdown has manifested amongst several industry operators – including BGF…
Minjun ParkGeneral
South Korean convenience stores to sell more own brand
More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness. E-Mart24, the convenience-store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own…
Wei ZhangFood
World Cup boosts South Korean convenience stores revenue
South Korean convenience stores saw their sales more than double in some categories as tens of thousands of South Koreans took to the streets to cheer on their national football team in the first game of its World Cup campaign. BGF Retail Co, which operates…
Maria SantosGeneral
South Korean Convenience Stores Thrive
The growing interest in ready-made meals and other necessities—driven by an increase in single-adult households—has fueled the growth of convenience stores in South Korea, Yonhap reports. These retailers stock daily essentials and food in smaller quantities…