South Korea c-store launches own parcel service

South Korean convenience store chain CU has launched BGF Post, a c-store-specific parcel delivery service unit.

A Korean Economic Daily article reported that BGF Post has been set up to distinguish CU's parcel service from other convenience store chains'.

CU previously operated CVS Net, a joint parcel service with GS25 convenience stores. As it independently operates the new subsidiary, GS25 plans to run CVS Net on its own, says the report.

The company will also explore new business opportunities through BGF Post amid increasing number of convenience store parcel delivery users.

CU is a subsidiary of BGF Retail and has more than 8,000 convenience stores in the country.