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 [...]
SEOUL, Aug. 29 (Korea Bizwire) – Global furniture giant Ikea’s Korean unit said Wednesday it will launch an e-commerce channel this week, more than three and a half years after it entered Asia’s fourth-largest economy. The company said it has established a distribution center for the online mall set to open on Saturday that can [...]
GOYANG, Apr. 19 (Korea Bizwire) — Ikea Group’s CEO Jesper Brodin said Thursday the global furniture giant will move to improve accessibility to its services through expansion of online business and opening of stores in city centers. The company said it plans to launch an e-commerce channel in South Korea by August, nearly four years [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea and Sweden are set to launch a joint design exhibition this week, organizers said Thursday, as part of their efforts to expand cultural exchanges between the two countries. Sweden Korea Young Design Week will begin its 10-day run at Dongdaemun Design Plaza (DDP) in eastern Seoul on [...]
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 [...]
SEOUL, Oct. 31 (Korea Bizwire) – Local furniture shops in Goyang are reporting sales drops after global furniture giant IKEA recently opened a new store in the city. Numerous media outlets have reported that the historical furniture shopping complex in Goyang, also one of the biggest in the country, has been hit hard by the new [...]