Business Insights
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact

Archives

  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • August 2023
  • January 2023
  • December 2021
  • July 2021
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Business
  • Crypto
  • Economy
  • Finance Expert
  • Forex
  • Invest News
  • Investing
  • Tech
  • Trading
  • Uncategorized
  • Videos
Apply Loan
Money Visa
Advertise Us
Money Visa
  • Home
  • Crypto
  • Finance Expert
  • Business
  • Invest News
  • Investing
  • Trading
  • Forex
  • Videos
  • Economy
  • Tech
  • Contact
70 new food items each week? South Korea is the convenience store capital of the world
  • Business

70 new food items each week? South Korea is the convenience store capital of the world

  • August 29, 2025
  • Roubens Andy King
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

SEOUL  — In many parts of the world, convenience stores are the shops of last resort: cigarettes, sodas and laundry detergent. But in South Korea, you might find single malt whiskies, $800 French wines, 24K gold bars, shampoo and conditioner refill stations, televisions or a dine-in instant noodle bar with more than 200 varieties of ramyon.

A customer might be able to pick up a package, wash and dry their clothes, or sign up for a new debit card.

The stores are best known for their numerous feats of “instant-izing” food, a process in which nearly every conceivable dish is turned into a packaged meal: spaghetti, Japanese udon, fried rice that you squeeze out of a tube. These have turned convenience stores into a $25-billion industry in South Korea and those food products are churned out at a staggering pace: up to 70 new food items hit the shelves each week, effectively offering a live feed of South Korean tastes.

“In South Korea’s food retail market, you go extinct if you’re not quick to change,” says Chae Da-in, who says her obsession with convenience stores is decades old. “It’s all about being diverse and fast.”

Known in the national media and on social media as a “convenience store critic,” Chae is the author of three books on the world of convenience store foods, which has led to TV appearances and newspaper interviews.

Every Friday, she tours a handful of convenience stores near her home to keep up with what’s new. Over the last two decades, she estimates she has consumed at least 800 varieties of convenience store samgak gimbap — rice wrapped in dried seaweed and a grab-and-go staple.

A detail of a person cooling down noodles in a DIY cone made from the ramyon bowl cover.

Lee Hee Chul, 21, from Incheon, South Korea, cools down his ramyon in a DIY cone made from the ramyon bowl cover at a CU convenience store in a popular tourist area in Myeongdong. (Tina Hsu / For The Times)

People shop and eat in the dining area at a CU convenience store in Seoul.

Shoppers prepare their dinner at one of the self-serve machines in the dining area at a CU ramyon convenience store.
Ye Yan and her girlfriend, Quan Chuxi, eat ramyon, kimchi and sausage at a CU convenience store.

Shoppers prepare their dinner at one of the self-serve machines in the dining area at a CU ramyon convenience store.

In recent years, Chae has watched her obsession go global. Much like South Korean movies, TV shows and music, South Korean convenience stores have become a cultural sensation.

Specific locations, such as the store that appeared in Netflix’s hit series “Squid Game,” have made the news. On TikTok and YouTube, mukbang — videos of people eating — of South Korean convenience store foods have gathered millions of views.

“Giant cheese sausage,” announces one reviewer in a TikTok video series titled “ONLY Eating Food from a Korean Convenience Store.” The meal also includes blue lemonade that comes in a plastic pouch, a “3XL” spicy tuna mayo samgak gimbap and a carbonara-flavored Buldak (“fire chicken”) noodle cup.

South Korean convenience stores are now expanding into nearby countries such as Mongolia or Malaysia. CU, one of the country’s leading operators with more than 600 stores in Asia, is set to open its first U.S. location in Hawaii later this year.

“The percentage of the Asian population in Hawaii is six times that of the mainland U.S., making it a place where there is a high level of familiarity and positive attitudes toward Korean culture,” said Lim Hyung-geun, the head of overseas operations at BGF Retail, CU’s parent company.

“On top of that, we’re seeing the sustained popularity of Korean culture, such as a Korean food boom among American teenagers and young people in their 20s and 30s, which we believe will be a big boost for CU’s future expansion.”

Lim calls CU’s overseas locations “‘miniature South Koreas’ where people can experience the products that have become popular with the K-wave.

“But as is the case here, K-convenience stores aren’t just a place to experience South Korean culture,” he said. “They are also restaurants, cafes and a general amenity.”

In other words, everything stores that are everywhere and open all the time.

***

The GS25 convenience store is collaborating with FC Seoul, a South Korean football club, in the Hongdae neighborhood.

The GS25 convenience store is collaborating with FC Seoul, a South Korean football club, in the Hongdae neighborhood.

Mirrors reflect people shopping and eating at a GS25 convenience store.
A teenage boy drinks a beverage in the dining area at a GS25 convenience store.

Like many things South Korea has embraced and spun off into something novel, convenience stores are an import to the country. The first such store was American — the Southland Ice Co., which was founded in Texas in 1927 and changed its name to 7-Eleven in 1946. The first of the 7-Elevens opened for business in Seoul in the 1980s.

Today, South Korea is the convenience store capital of the world. Like the bodegas of New York, they have become part of the fabric of contemporary urban life, multifunctional spaces that can be restaurants or coffee shops or bars with microwaves and outdoor seating. Chae calls them the “oasis of the streets.”

“People hang out in convenience stores,” she said. “They’ve become a social place.”

Part of what makes them such a force in the country is their sheer numbers.

There are around 55,000 convenience stores in South Korea — a country the size of Indiana — amounting to one convenience store for every 940 people. In Seoul, where their numbers have quadrupled in the last 15 years, it sometimes feels like there’s one on every corner.

Much of this has to do with the fact that roughly one in every four workers in South Korea is self-employed, a high number relative to other developed countries. For those in this mom-and-pop economy, which includes older workers pushed into early retirement or others who have been boxed out of the traditional labor market, convenience stores offer the most accessible form of entrepreneurship.

“Compared to the hundreds of thousands it would cost to open another business, the main draw of convenience stores is that you can open one with starting capital as little as 20 million won [$14,000],” said Oh Sang-bong, the head of social policy research at the Korean Labor Institute. “Of course it’s not easy. There are a lot of cautionary tales. But there are success stories, too.”

***

Images of a boy band decorate the windows of a convenience store.

Images of the boy band Tomorrow X Together decorate the windows of the Nice to CU music library convenience store in the Hongdae neighborhood of Seoul.

This profusion has made the convenience store business one of the most fast-paced and competitive in the country — one that moves in lockstep with boom-and-bust social media attention spans.

Hit products generate the kind of buzz you might see only for a limited-edition sneaker or the latest iPhone, necessitating preorders or, when inventories inevitably dry up, leading to scalping.

But the lows are abrupt. When it was first released last year, CU’s “Dubai-style chocolate” — an in-house take on the global TikTok food trend — commanded lines outside of stores and sold out in a day. Four months later, sales had dropped to a sixth of what they were.

“The lifespan of products is now incredibly short because social media fads come and go so quickly,” said Kim, a merchandiser for a leading convenience store franchise who asked to be identified only by his surname because he is not authorized to speak to the media.

“In the past when the market wasn’t so saturated, revenue would naturally rise as everyone opened more stores. But now there are so many stores, and then you’re competing not just with other convenience stores but with e-commerce platforms, coffee shops, restaurants — everybody who’s following the same trend.”

Most of Kim’s job involves scrolling through social media platforms such as TikTok, looking for the next hot-ticket item, such as a distant food trend that shows signs of making landfall.

“It’s brutal. It’s like trying to find the eye of a needle over and over again,“ he said. “If you miss something big and a competitor releases it first? Then you’re getting chewed out by your boss.”

Kwon Sung-jun is a chef who specializes in Italian cuisine and the winner of “Culinary Class Wars,” a hit reality cooking competition released by Netflix last year. He has a ritual of stopping by a convenience store every night after work — even if he doesn’t have anything to buy.

“It’s very useful for staying abreast of any trends in the culinary world,” he said, and his routine proved to be pivotal in winning the $223,000 prize for “Culinary Class Wars.”

In one stage of the competition, contestants were tasked with cooking a dish using ingredients sourced from a true-to-life replica of a convenience store on set. Kwon, 30, handily won with a chestnut tiramisu whipped together from chestnuts, milk, coffee and a package of biscuits.

“I came up with the idea in 30 seconds,” he said. “Because I had a mental list of what convenience stores have, I also planned substitute options for each of the key ingredients like chestnut, cream and so on.”

Since winning the competition, he has avoided convenience stores; just two weeks after that episode aired, CU released a mass-produced version of his tiramisu, with Kwon’s face on the packaging.

“It’s a little embarrassing to see those photos of myself,” he said.

***

A woman walks by a building with a sign that reads GS25 x FC Seoul at night.

“Most of the tourists come looking for products related to Korean movies or TV shows like dalgona [a traditional Korean candy] because they saw it on ‘Squid Game,’” says Kim Hye-ryeon, the owner of a GS25 in the Hongdae district of Seoul.

All of this makes running a convenience store no easy feat, says Kim Hye-ryeon, the 52-year-old owner of a GS25 in Seoul’s Hongdae district.

Because franchisees are responsible for picking out their own inventory from the company catalog, which is updated three times a week, running a successful convenience store is less about the labor of stocking shelves and cashing out customers than keeping up with the frenetic cycle of food trends.

“Whenever there’s a popular item, the owners who are a step ahead buy up all the stock so sometimes I can’t get any for my store,” she said. “You have to know what’s popular with young people at all times.”

In recent years, as South Korea’s cultural footprint has expanded, the assignment has gotten even more complicated. Streets that were once quiet are now popular thoroughfares for tourists staying in the guesthouses and Airbnbs that have opened in the area. Global tastes must be accounted for, too.

A customer heads for the exit at a GS25 convenience store.

A customer heads for the exit at a GS25 convenience store.

“There’s been a noticeable increase since the pandemic,” she said. “Before, it was mostly Chinese or Japanese tourists, but now it’s from all over, especially Americans and Europeans.”

From behind the counter, she has been keeping mental notes of what this international consumer base is buying, noting, for example, how her Muslim customers carefully study the labels to check whether the item is halal.

“Most of the tourists come looking for products related to Korean movies or TV shows like dalgona [a traditional Korean candy] because they saw it on ‘Squid Game,’” she said. “They also really like ice creams, especially bingsu [Korean shaved ice].”

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Roubens Andy King

Previous Article
How College Students Can Build Credit Without A Credit Card
  • Invest News

How College Students Can Build Credit Without A Credit Card

  • August 29, 2025
  • Roubens Andy King
Read More
Next Article
Bitcoin Price Weakness Returns as Crypto Markets Brace for US PCE Data
  • Forex

Bitcoin Price Weakness Returns as Crypto Markets Brace for US PCE Data

  • August 29, 2025
  • Roubens Andy King
Read More
You May Also Like
Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime
Read More
  • Business

Walmart+ adds Peacock to streaming offerings to better compete with Amazon Prime

  • Roubens Andy King
  • September 3, 2025
Weak pound and yen shore up dollar, bonds and payrolls in focus
Read More
  • Business

Weak pound and yen shore up dollar, bonds and payrolls in focus

  • Roubens Andy King
  • September 3, 2025
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Read More
  • Business

Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI

  • Roubens Andy King
  • September 2, 2025
Let’s Break Down What You Need to Be Watching This Week
Read More
  • Business

Let’s Break Down What You Need to Be Watching This Week

  • Roubens Andy King
  • September 2, 2025
Google won’t be forced to sell its Chrome browser, judge rules
Read More
  • Business

Google won’t be forced to sell its Chrome browser, judge rules

  • Roubens Andy King
  • September 2, 2025
Gold price hits record high as investors seek safe haven | Gold
Read More
  • Business

Gold price hits record high as investors seek safe haven | Gold

  • Roubens Andy King
  • September 2, 2025
How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?
Read More
  • Business

How Is Chevron’s Stock Performance Compared to Other Oil & Gas Exploration & Production Stocks?

  • Roubens Andy King
  • September 2, 2025
Bunker Hill tower One California Plaza goes into receivership
Read More
  • Business

Bunker Hill tower One California Plaza goes into receivership

  • Roubens Andy King
  • September 2, 2025

Recent Posts

  • Federal Reserve Board – Federal Reserve Board announces approval of application by Fulton Financial Corporation
  • Life Lessons From People Who Inherited A Family Business | Life Lessons
  • Federal Reserve Board – Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
  • Excelsoft Technologies IPO Review
  • Federal Reserve Board – Minutes of the Federal Open Market Committee, January 27–28, 2026
Featured Posts
  • Federal Reserve Board – Federal Reserve Board announces approval of application by Fulton Financial Corporation 1
    Federal Reserve Board – Federal Reserve Board announces approval of application by Fulton Financial Corporation
    • February 19, 2026
  • Life Lessons From People Who Inherited A Family Business | Life Lessons 2
    Life Lessons From People Who Inherited A Family Business | Life Lessons
    • February 19, 2026
  • Federal Reserve Board – Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) 3
    Federal Reserve Board – Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
    • February 19, 2026
  • Excelsoft Technologies IPO Review 4
    Excelsoft Technologies IPO Review
    • February 18, 2026
  • Federal Reserve Board – Minutes of the Federal Open Market Committee, January 27–28, 2026 5
    Federal Reserve Board – Minutes of the Federal Open Market Committee, January 27–28, 2026
    • February 18, 2026
Recent Posts
  • 10 Legendary Figures Who Gained Fame Posthumously
    10 Legendary Figures Who Gained Fame Posthumously
    • February 18, 2026
  • Everything you should know about US investment from India | Detailed guide for US investment
    Everything you should know about US investment from India | Detailed guide for US investment
    • February 17, 2026
  • best manufacturing business idea in India small budget business idea in India crockery wholesal
    best manufacturing business idea in India small budget business idea in India crockery wholesal
    • February 16, 2026
Categories
  • Business (2,057)
  • Crypto (2,023)
  • Economy (217)
  • Finance Expert (1,687)
  • Forex (2,016)
  • Invest News (2,436)
  • Investing (2,040)
  • Tech (2,056)
  • Trading (2,024)
  • Uncategorized (2)
  • Videos (977)

Subscribe

Subscribe now to our newsletter

Money Visa
  • Privacy Policy
  • DMCA
  • Terms of Use
Money & Invest Advices

Input your search keywords and press Enter.