GS Retail is opening its first stores in Mongolia, with 50 locations planned in the country before the end of 2021.
Retailers in Korea are facing a new challenge amid the rising demand for online shopping.
Authorities urged people in the greater Seoul area not to eat or drink at convenience stores past 9 p.m., saying they shouldn’t be used as alternatives to hanging out at bars, which is no longer permissible under this week’s "Level 2.5" measures.
Retailers are curtailing their operations in line with new government restrictions effective Sunday.
Everyone's always complaining about the weather but nobody does anything about it, goes the old joke.
GS Retail saw net profits decline almost 40 percent on year in the second quarter. Sales declined more than 4 percent in the same period.
GS Retail said Thursday it has started selling droplet-proof masks at some of its convenience stores for 500 won (42 cents). Individuals can buy up to 20 masks, or one box.