GS25
GS25 (Korean: 지에스25) is a South Korean chain of convenience stores operated and owned by GS Retail, a subsidiary company of the GS Group. The headquarters of the company are located at the GS Tower in Gangnam-gu, Seoul.[2] As of June 9, 2020, GS25 operates 13,899 stores.[3]
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Native name | |
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Hangul | 지에스25 |
Formerly | LG25 (1990–2005) |
Type | Subsidiary |
Industry | Convenience stores |
Founded | 1990 |
Headquarters | GS Tower, 508 Nonhyeon-ro, Gangnam-gu, , South Korea, 06141 |
Number of locations | 14,688 (as of end of 2020) |
Areas served | |
Key people | Yeon-soo Huh (NED)[1] |
Parent | GS Retail |
History
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GS25, then known as LG25, opened their first store in Dongdaemun-gu, Seoul in 1990. However, in 2005, GS Group split from the LG Corporation, the name of LG25 was correspondingly changed to GS25.[4] In March 2019, GS25 changed their brand identity for the first time since changing their name to GS25. With the new identity, a new slogan of "Lifestyle Platform" began to be applied to all new store signage.[5] However, as of August 2019, most stores still use the former identity.
Foreign operations
Vietnam
In January 2018, GS25 ventured outside of South Korea for the first time in its history by launching a store in Ho Chi Minh City. As of November 2019, GS25 operates 50 stores throughout Vietnam.[6]
Mongolia
On May 18, 2021, GS25 officially opened in Mongolia with 3 stores in Ulaanbaatar. As it makes the second GS25 to be opened outside of South Korea. As of February 18, 2022, GS25 has opened 41 stores throughout Ulaanbaatar. “Expected to be 100 stores by the end of 2022.” The official said.
References
- "Board of Directors". gs.co.kr. September 3, 2020. Retrieved September 3, 2020.
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: CS1 maint: url-status (link) - "Location". gs.co.kr. September 3, 2020. Retrieved September 3, 2020.
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: CS1 maint: url-status (link) - Oh, Sang-yong (June 9, 2020). "South Korea: Retail Foods". USDA.gov. United States Department of Agriculture. p. 06. Retrieved September 3, 2020.
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: CS1 maint: url-status (link) - Kim, Ji-soo (January 27, 2005). "GS formally splits from LG". Korea JoongAng Daily. JoongAng Ilbo. Retrieved September 3, 2020.
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: CS1 maint: url-status (link) - Jeon, Young-sun (March 27, 2019). "GS25 14년 사용 브랜드 이미지 교체". JoongAng Ilbo. Retrieved September 3, 2020.
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: CS1 maint: url-status (link) - Kim, Bui (November 1, 2019). "South Korean convenience store chain launches franchise in Vietnam". VnExpress. FPT Group. Retrieved September 3, 2020.
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