By John Lee. The operator of South Korea’s largest convenience store chain has reportedly opened its first store in Iran. BGF Retail, which runs the CU chain, opened the store in Tehran in partnership with Iranian firm Entekhab Investment Development Group. (Source: Yonhap)
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South Korean Retailer to Open in Iran
By John Lee. BGF Retail, the operator of South Korea’s largest convenience store chain CU, has reportedly signed a franchise deal with an Iranian company. According to Yonhap, the deal with home appliances firm Entekhab Investment Development Group is the first overseas expansion for the Korean company. (Sources: Yonhap, PressTV)