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, May 14 (Korea Bizwire) — Large furniture manufactures in Korea are competitively expanding their usage of eco-friendly materials to meet consumer demand for increased safety and well-being. According to an industry source, large furniture makers like Hanssem and Hyundai Livart are increasing their use of E0 class eco-friendly materials competitively. Medium density fiberboard (MDF) [...]
SEOUL, March 27 (Korea Bizwire) – Before the opening of the first IKEA store in Korea last year, Korean furniture companies were worried about the threat posed by the Swedish behemoth. Many industry observers said the impact of IKEA in Korea would be felt across the industry. Without a doubt, IKEA has been big hit in [...]
SEOUL, Nov. 11 (Korea Bizwire) — SK Telecom said on November 10 that it would showcase the “Smart Furniture,” the home fixture equipped with communications functionality. Developed jointly with Hyundai Livart, the Smart Furniture can provide a variety of information through the wireless or fixed-line Internet using the touchscreen-enabled mirror. The fixture can be installed in the [...]