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New Regulation Looms over IKEA, Daiso as SMEs Minister Takes Office

New Regulation Looms over IKEA, Daiso as SMEs Minister Takes Office

SEOUL, Nov. 27 (Korea Bizwire) — The government’s review on the necessity of restricting the operating hours of large-scale specialty stores is expected to gain speed as the country’s first minister for small and medium-sized enterprises (SMEs) took office, industry watchers said Sunday. On Tuesday, Hong Jong-haak was appointed to head the Ministry of SMEs [...]

Hanssem to Open First Chinese Flagship Store in Shanghai

Hanssem to Open First Chinese Flagship Store in Shanghai

SEOUL, Aug. 7 (Korea Bizwire) — Hanssem, an interior and lifestyle company, said Monday it will open its first Chinese branch in Shanghai this week to compete in the 740 trillion-won (US$656 billion) market. The two-story Hanssem Shanghai Flagship Store will open Tuesday in the Changning District. The store will cover some 13,000 square meters, [...]

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 [...]