BGF Retail partners with Korea Post as 18,900 CU stores accept parcels

  • BGF Retail and Korea Post signed a strategic partnership expanding parcel services through CU stores.
  • About 18,900 CU stores began accepting Korea Post domestic parcels on the 10th.
  • BGF Retail plans international parcel services and is considering CU stores inside post offices.

BGF Retail (282330.KS), operator of the CU convenience store chain, has partnered with Korea Post to expand parcel services across its nationwide network. About 18,900 CU stores began accepting Korea Post domestic parcels on the 10th, following a strategic partnership signing ceremony held the previous day at BGF Group headquarters in Seoul’s Gangnam district. Korea Post service was first added to CU Visit Delivery in May, allowing items to be collected from locations designated by customers. BGF Retail plans to introduce international parcel services through Korea Post and is considering placing CU stores in unused space inside post offices. The company also plans to expand heat shelters for postal delivery workers and provide Korea Post employees with partnership benefits, including welfare-point use and CU discounts. The expanded service adds another courier option for CU customers, including those sending parcels outside conventional business hours. BGF Retail chief executive Min Seung-bae said the companies’ widespread networks would create mutual synergy and support services connected to daily life, while the company continues developing CU as a lifestyle platform.

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