SEOUL, Nov. 10 (Korea Bizwire) – Leading furniture makers in South Korea are seeking ways to tap into the overseas market to find new growth engines beyond the saturated domestic market amid sluggish consumption, industry officials said Thursday. Major furniture markers have generated most of their revenue from the domestic market, but they have been [...]
SEOUL, Sept. 23 (Korea Bizwire) – Following the September 9 recall of 15 dressers after criticisms that they’re prone to tipping over, the Swedish furniture giant said Thursday that it had halted sales of an additional 15 dressers in the Korean market. During a press conference held in Seoul, IKEA Korea CEO Andre Schmidtgall said [...]
GOYANG, South Korea, Aug. 18 (Korea Bizwire) – The Korea Federation of Furniture Industry Cooperatives is hosting a special fair for a wide variety of interior furniture at Goyang’s KINTEX (Korea International Exhibition & Convention Center). With some 350 companies showcasing their wares, the exhibition presents modern and antique furniture for all age groups and [...]
SEOUL, July 25 (Korea Bizwire) – In what some might see as a late response to the recent controversy over IKEA’s Malm dresser, which has been cited for the death of at least three children in North America, the Korean government has decided to investigate the safety of all dressers currently being distributed domestically. According [...]
SEOUL, July 19 (Korea Bizwire) — IKEA, the Swedish furniture giant, has stopped selling Malm dressers that have caused several child deaths in North America, but will continue selling them to customers in Korea. Given the company’s position, the Korean Agency for Technology and Standards (KATS) on July 19 demanded that IKEA Korea change its [...]
SEOUL, April 5 (Korea Bizwire) – Engaged couples are shopping online to purchase furnishings for their new homes, avoiding endless shopping and almost inevitable arguments while they purchase the items the need to start a life together. Not so long ago, couples preparing for marriage had to walk around from store to store to purchase [...]
SEOUL, Dec. 28 (Korea Bizwire) – The South Korean furniture industry is going through a major transition to survive tough competition from Swedish furniture giant IKEA, which is drawing design-savvy consumers with affordable products and showroom displays. IKEA’s highly anticipated first store in suburban Seoul has created much buzz in the home furnishing market, attracting over 6.7 million visitors and posting 308 [...]
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 [...]
SEOUL, Nov. 16 (Korea Bizwire) — Sweden’s furniture giant IKEA will open its first store in Korea on December 18 in Gwangmyung, a residential town located in the southern outskirts of Seoul. Earlier on November 13, the company launched a Korean website and showed off more than 8,000 items on sale and their prices. As the [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – In Korea, a bed is not just furniture. “It is science.” With the ad copy stressing its scientific design for good sleep, Ace Bed, a furniture manufacturer, grabbed the No. 1 bed manufacturer title in one fell swoop. Until now, the bed market in Korea has been [...]