IKEA Opens Gangdong Store in Seoul, Bringing Affordable Home Furnishings Closer to Urban Shoppers

IKEA Opens Gangdong Store in Seoul, Bringing Affordable Home Furnishings Closer to Urban Shoppers

(IN BRIEF) IKEA has opened its fifth South Korean store in Seoul’s Gangdong district, marking ten years of operation in the country. Located within the mixed-use Gangdong I-Park The River complex, IKEA Gangdong showcases 7,400 products, with over 3,700 available for immediate purchase. The store features sustainability initiatives including geothermal heating, EV deliveries, a circular hub, and a buy-back service. As part of its €300 million investment plan for South Korea, IKEA aims to expand accessibility and sustainability. The company also continues its global expansion with upcoming stores in New Zealand, India, the US, and the UK’s Oxford Street.

(PRESS RELEASE) LEIDEN, 17-Apr-2025 — /EuropaWire/ — Marking a decade since its debut in South Korea, IKEA has opened the doors to its newest store, IKEA Gangdong, located within the bustling Gangdong I-Park The River complex in Seoul. This is the company’s fifth store in the country and the first to be integrated into a mixed-use development, combining retail, business, and entertainment spaces to create an immersive customer experience.

The strategic location and well-connected transport links make it easier than ever for Seoul residents to access IKEA’s extensive range of affordable home furnishings and expert design solutions. The store displays around 7,400 products, with 3,700 items available for immediate purchase and the rest available via delivery or pickup services.

Tolga Öncu, Retail Manager (COO) of Ingka Group, shared his enthusiasm: “South Korea is a key market in our global footprint, and the opening of IKEA Gangdong reflects our long-term commitment to growing here. We aim to make home furnishing more accessible and sustainable for more people in and around Seoul.”

IKEA Gangdong isn’t just another store—it’s a step forward in IKEA’s sustainability journey. It includes a dedicated shop for sustainable living, a circular hub promoting reuse and recycling, a furniture buy-back service, and offers free spare parts. The store uses geothermal energy for its heating and cooling systems, and all IKEA truck deliveries in Seoul will be handled by electric vehicles to support the company’s ambition to achieve zero emissions.

With plans to invest more than €300 million in South Korea in the coming years, IKEA aims to further modernize its stores, expand into new formats, and enhance its omnichannel offerings to serve customers more efficiently.

This launch also reflects IKEA’s broader global expansion. New store openings are on the horizon in New Zealand, India, and the United States. In the UK, the highly anticipated Oxford Street location will open its doors to customers on May 1st, continuing the company’s mission to meet customers where they are.

About Ingka Group
With IKEA retail operations on 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on  www.ingka.com.

Media Contact:

Tel: +46 70 993 6376
email: press.office@ingka.com

SOURCE: Ingka Holding B.V