South Korea Furniture Tenders

The South Korean furniture market is valued at approximately USD 9 billion and is expected to grow at a CAGR of 2.81% from 2023 to 2028. The market is driven by factors such as rising disposable incomes, increasing urbanization, and growing demand for ergonomic and multifunctional furniture. The living room furniture segment is the largest segment of the market, followed by the kitchen furniture and bedroom furniture segments.

The South Korean government is a significant purchaser of furniture, with an annual procurement budget of approximately USD 100 million. The government procures a wide range of furniture products, including office furniture, school furniture, and hospital furniture. The government's procurement process is governed by the Public Procurement Service Act, which requires that all procurements be conducted in a fair and transparent manner.

The main furniture products and services procured by the South Korean government include:
Office furniture: desks, chairs, cabinets, and storage units
School furniture: desks, chairs, and storage units
Hospital furniture: beds, chairs, cabinets, and medical equipment
Other furniture: sofas, tables, and chairs

The top authorities for South Korea furniture procurement are:
The Ministry of Education: procures furniture for schools
The Ministry of Health and Welfare: procures furniture for hospitals
The Ministry of National Defense: procures furniture for military bases
The General Services Administration: procures furniture for government offices

The top winners of South Korean furniture procurement are:
Hanwha Furniture
Hanyang Furniture
Crown Furniture
Jeungdo Furniture
Samkwang Furniture

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