South Korea’s largest retailer, GS Retail, opened its first supermarket in Cibubur, East Jakarta, on Friday (07/10) in partnership with Indonesian property developer Sinar Mas Land, to target the country’s upper-middle class. “We decided to choose Legenda…
GS Retail vice chairman Huh Seung-jo stepped down from his post in the latest executive reshuffle announced by GS Group on Tuesday. He has been replaced by his nephew and GS Retail president Huh Yeon-soo, the son of Huh Shin-goo — the fourth son of the GS…
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…
Convenience store owners love people like Bae Moon Sung. The 34-year-old finance worker lives alone and shops for almost everything at his local minimart. “Onions, cucumbers, they come in compact packages at convenience stores, which is more suitable for a…
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