BGF Retail Awarded Highest Grade in Franchise Sector Compliance Evaluation under Fair Trade Agreement

[Asia Economy Reporter Lim Chun-han] BGF Retail announced on the 24th that it received the highest grade award in the Fair Trade Commission's '2021 Fair Trade Agreement Franchise Sector Implementation Evaluation.'

The Fair Trade Agreement Franchise Sector Implementation Evaluation is a system that inspects and evaluates the fulfillment of franchise contracts between franchise stores and headquarters every year to foster a healthy and fair franchise culture, discovering and rewarding exemplary cases.

CU has been presenting a win-win model by adopting the Fair Trade Commission's standard franchise contract to strengthen fair trade and mutual cooperation in the convenience store franchise business, including ▲expanding the initial stabilization system ▲reducing and exempting business penalty fees ▲introducing an autonomous dispute mediation center ▲implementing voluntary holiday and condolence leave systems.

Recently, CU prepared the largest-ever 2022 win-win plan, newly reorganized with a focus on enhancing franchise stores' competitiveness and profitability. Moving beyond simple cost support, it expanded product order support, established new subsidies for new product introduction, and introduced operational incentives to promote sustainable sales growth.

A BGF Retail official said, “CU leads a transparent and fair franchise business and has maintained a solid partnership with franchise owners,” adding, “We will continue to carry out constructive win-win activities that can further enhance store competitiveness and support stable operations.”

This content was produced with the assistance of AI translation services.