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 [...]
SEOUL, Oct. 19 (Korea Bizwire) — Global furniture giant IKEA opened its second store in South Korea on Thursday, joining competition with small and big rivals in the region. The new outlet in Goyang in the northwestern outskirts of Seoul is located on the second and third floor of a four-story building. A separate outlet [...]
SEOUL, Aug. 29 (Korea Bizwire) — Global furniture giant IKEA said Tuesday it will open its second store in South Korea in October, as it aims to tap deeper into the country’s home furnishing industry. The new outlet in Goyang in the northwestern outskirts of Seoul — a four-story building with three underground floors — [...]
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, [...]
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 [...]
SEOUL, June 3 (Korea Bizwire) – There is a strange culture among South Koreans in which the higher the price is, the better the product sells. For years, the South Korean media and a good portion of consumers have noticed and questioned this absurd trend in a country that has been hit by record high [...]