Seoul: CU, a South Korean convenience store chain operated by BGF Retail Co., said Tuesday it has expanded its logistics center in Mongolia as part of its ongoing business expansion in the East Asian country. The logistics center, located two hours away from the Mongolian capital Ulaanbaatar, has been enlarged by 3,300 square meters to a total of 8,300 square meters, equipped with a new digital picking system (DPS).
According to Yonhap News Agency, with the expansion, CU Mongolia has secured the logistics capacity to process deliveries for up to 700 stores. In addition, CU plans to expand its instant food production facility built in Mongolia last year. CU entered the Mongolian market in 2018 and now leads the local convenience store sector, operating 490 stores across the country.
"CU will continue to establish a professional management system and modern business infrastructure in Mongolia to drive further growth," said Kim Tae-han, head of the overseas business team at BGF Retail.