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IKEA Continues to Expand its Presence in South Korean Market

IKEA Continues to Expand its Presence in South Korean Market

SEOUL, June 22 (Korea Bizwire) – It’s been a good year for IKEA Korea as the Swedish furniture giant is set to top its sales from last fiscal year. IKEA, since the opening of its Gwangmyeong store in December 2014, has reshaped the landscape of the country’s furniture industry, with the Gwangmyeong branch becoming the company’s [...]

DIY Products Impress More South Korean Consumers

DIY Products Impress More South Korean Consumers

SEOUL, March 15 (Korea Bizwire) – DIY products are appealing to more and more South Korean consumers who have grown to seek individuality, and are now becoming popular in unconventional products like cosmetics or fashion items.  Local cosmetics brand Etude House launched this month a lipstick product dubbed “Dear My Glass Tinting Lips-Talk” which comes [...]

Government to Investigate Furniture Safety amid IKEA Controversy

Government to Investigate Furniture Safety amid IKEA Controversy

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 [...]

IKEA to Continue Selling Malm Dressers to Korean Customers

IKEA to Continue Selling Malm Dressers to Korean Customers

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 [...]

IKEA Disciplined to Revise Refund Terms

IKEA Disciplined to Revise Refund Terms

SEJONG, April 14 (Korea Bizwire) – South Korea’s antitrust watchdog said Wednesday that it has recommended global furniture giant IKEA revise itsterms regarding refunds for canceled deliveries. IKEA, which opened its first store in southern Seoul in 2014, is running a delivery service for South Korean customers who are familiar with free packaging and door-to-door delivery. The service costs [...]