GS25 Announces Next Year's Win-Win Support Plan... "Increase in Inventory Disposal Limit"

25% Increase in Win-Win Budget
Support for Business Owners' Psychological Counseling and More

GS25 franchise owners are signing a win-win agreement and taking a commemorative photo. (Photo by GS Retail)

[Asia Economy Reporter Lim Chunhan] GS25 announced on the 27th the ‘2023 Franchisee Win-Win Support Plan,’ which links convenience store operation management and sales improvement efforts with tangible rewards.

GS25 has prepared a support plan that expands the win-win budget by 25% to lead the improvement of store profitability and competitiveness, and to focus on the safety of business owners and employees. The key points include ▲single-item management and store competitiveness improvement ▲support for stable store operation ▲strengthening the safety of business owners and employees ▲system and facility investment and system improvement.

In the single-item management and store competitiveness improvement category, the inventory disposal limit for low-turnover products that have not been sold for a long time has been increased. The limit for all stores will be raised to 1.02 million KRW per store annually. In addition, a new store competitiveness incentive category has been introduced, offering additional individual store benefits by increasing the inventory disposal limit by up to 360,000 KRW annually for stores excelling in single-item management and store competitiveness improvement.

GS has established the GS Hero Award system to provide rewards worth up to 1 million KRW to business owners and employees who have practiced exemplary cases and social role models such as life-saving, disaster and emergency support, and volunteer and donation activities. For long-term business owners with 30 years of operation, a commemorative ceremony, gold certification plaque, and 30th anniversary business cards will be provided.

GS25 also focuses on strengthening the safety of business owners and employees, who are the foundation of the franchise business. Due to the recent increase in demand for psychological counseling caused by various social issues and personal matters, psychological counseling will be supported four times a year for business owners in need to provide mental rest and stability. Night shift worker safety insurance has been introduced to prepare insurance that provides consolation money to employees who experience unfortunate incidents during night hours.

A GS Retail official said, “We will continue to take the lead in setting an exemplary role in the franchise industry with win-win support systems and visions for mutual growth, and provide better products and benefits to customers.”

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