Korea’s Grocery Retail Map: Convenience Stores, Supermarkets and the Franchise vs. Independent Store Opportunity
South Korea has one of the world’s densest convenience-store networks, but the market is changing. More than 53,000 major-chain convenience stores compete with corporate supermarkets, independent neighborhood markets and traditional “mom-and-pop” grocery stores. SOHOFRANCHISE examines the national retail landscape and asks a practical question for entrepreneurs: is it safer to open a branded franchise, or can an independent supermarket still compete?