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The Biggest IKEA Store In The World Just Opened In South Korea. SEOUL (Reuters) - Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice.
STOCKHOLMâIKEA, the Swedish furniture giant, expects to increase revenue as much as 85% by 2020, as well as more than double the number of people who walk through its doors on an annual basis. IKEA said it plans to generate between â¬45 billion and â¬50 billion ($58.8 billion to $65.3 billion) in annual revenue, up from an estimated â¬26.9 billion in the most recent fiscal year ended Aug. 31.