SEOUL, Mar. 19 (Korea Bizwire) — Swedish furniture giant IKEA will invest 300 million euros (US$327 million) in South Korea over the next three years to gain a bigger share in Asia’s fourth-biggest economy, the company’s retail manager has said. IKEA, which will celebrate 10 years in business here in December, currently operates four stores [...]
SEOUL, Dec. 15 (Korea Bizwire) – IKEA Korea, the South Korean branch of the world’s largest furniture brand, has faced a continued downturn in its performance, reversing the growth observed last year. After experiencing a sales decline for the first time since entering the Korean market, IKEA Korea also posted its first fiscal-year loss this year. [...]
SEOUL, June 6 (Korea Bizwire) — Hyundai Motor Co. and IKEA Korea announced Monday their joint space marketing exhibition, “Green For-rest,” which will run until Sunday. The exhibition is taking place in the outdoor garden of IKEA Korea’s flagship store in Gwangmyeong, southwest of Seoul, and features eco-friendly Hyundai vehicles alongside IKEA’s home furnishing ideas. [...]
GWANGMYEONG, Sept. 14 (Korea Bizwire) — IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering South Korea in 2014 as more customers held back spending on home furnishing goods amid eased virus restrictions. The South Korean arm of the Swedish furniture maker said it logged [...]
SEOUL, Oct. 6 (Korea Bizwire) — Major oil refiner GS Caltex Corp. said Tuesday that it will join hands with global furniture giant Ikea’s Korean unit to begin a pick-up service at one of the company’s gas stations in Seoul’s Gangnam district. If an Ikea customer selects a nearby GS Caltex gas station to pick [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korean furniture industry is riding high on surging demand for desks, chairs and sofas during a pandemic that has kept millions of families largely stuck at home for nearly a year. But Global furniture giant IKEA’s South Korean unit is suffering stalled growth. IKEA Korea’s revenue for fiscal [...]
SEOUL, Dec. 5 (Korea Bizwire) — Swedish furniture giant IKEA said Thursday that it will open its third outlet in South Korea next week as it strives to strengthen its presence in Asia’s fourth-largest economy. IKEA Korea said the 49,800-square-meter store set to open in Giheung on Dec. 12 will enhance accessibility to residents in [...]
SEOUL, Aug. 21 (Korea Bizwire) — Global furniture giant Ikea’s South Korean unit said Wednesday it will open two more stores in the country by early next year. The company said it will open a new flagship outlet in Giheung, just south of Seoul, on Dec. 12 and another in Busan, 450 kilometers southeast of [...]
SEOUL, Aug. 13 (Korea Bizwire) — Less than half of South Koreans are currently satisfied with their own bedroom, a recent survey has showed. According to Swedish furniture giant IKEA’s survey of 1,000 residents of Seoul and Gyeonggi Province, only 45.8 percent of all respondents said they were currently satisfied with their bedrooms. The respondents [...]
SEOUL, Sept. 27 (Korea Bizwire) — Global furniture giant Ikea said Thursday it has voluntarily begun recalling ceiling lamps due to safety issues following reports of glass shades falling. The decision affects 432 Calypso ceiling lamps sold in South Korea after Aug. 1, 2016, the company’s local unit said. About 100 cases of glass shades [...]