Furniture market in South Korea- statistics & facts
Almost every market segment in the South Korean furniture market is projecting growth for the coming years, putting the whole industry in a new spotlight. With this newfound interest in home furnishings, consumers have pushed the development of the market. One such trend has emerged as remote work is now a viable option for more South Koreans in the workforce. Consumers have started investing in both traditional furniture items and home office set-ups at the same time. Overall, they have larger disposable incomes and are more likely to be single-person households that need proper home-office equipment. These expanding markets, especially the home interior and remodeling sector, are serving as possible entry points for foreign companies.
