A joint venture has been launched by the country’s three convenience store operators: LG Mart, Family Mart and Tongyang Mart. The venture, called e-CVS NET, is a delivery service that plans to utilise the three chains’ 1,600 outlets nationwide to provide a pick up service for online purchases and a deposit facility for delivery packages.

Funded with an initial investment of 3bn won, LG, Family Mart and Tongyang will hold stakes of 19.9%, 19.9% and 18% respectively. Related companies will hold the remaining stock.

e-CVS NET will be open within a month, and the three partners are holding extensive discussions to develop their networks and establish alliances with operators of Internet shopping sites.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData