Casamia Archives | Be Korea-savvy

Shinsegae to Buy Furniture Company for US$168 mln: Sources

SEOUL, Jan. 24 (Korea Bizwire) — South Korean retail giant Shinsegae will purchase a local furniture company for 180 billion won (US$167.8 million) Wednesday as it attempts to tap into the country’s home furnishing industry, sources said. Shinsegae Department Store will sign a contract with Casamia Co.’s founder and other specially related persons to purchase [...]

IKEA Changes Landscape of Home Furnishing Industry in Korea

SEOUL, Dec.16 (Korea Bizwire) – First year sales of global furniture giant IKEA in Korea have reached 210 billion won (including sales from December 2014), according to a recent report. This tops the average sales of all 345 IKEA stores around the world. There has been some criticism that the Korean store’s pricing is higher [...]