[How Korean convenience stores became big names in Central Asia] South Korean convenience store operators facing a saturated market at home are now eyeing expansion overseas, especially in Southeast and Central Asia where rapid economic growth and the popularity of Korean content are leading to a growing demand for Korean-style comprehensive convenience stores. Currently, the nation’s top two chains, BGF Retail Co Ltd and Life at GS25, operate a combined 1,168 convenience stores overseas. While GS25 operates 573 namesake stores in Vietnam and Mongolia, BGF Retail has 543 CU stores in Mongolia, Malaysia and Kazakhstan. Their smaller rival, Emart24, owned by Shinsegae Group, also runs 52 stores in Malaysia. The companies say they are expanding their presence in the Central Asian market with their expertise in operating compact stores with centralized product distribution systems. Tap below to read full story. #convenience #store #Korea #GS25 #BGF #CU #Emart24 #Shinsegae #Lotte #retail #Asia https://lnkd.in/gMBUB-_n
