Hanssem Focuses on Remodeling, Livart on Cost Reduction… The Secret to Weathering the Furniture Industry Downturn

조선일보

Lean Right

Factuality

Ownership

Major domestic furniture manufacturers Hanssem and Hyundai Livart both saw a decline in sales in the second quarter of this year, but increased their operating profits. Amidst shrinking demand for new furniture due to the housing market downturn, Hanssem boosted sales of remodeling and premium products, while Hyundai Livart defended profitability by focusing on cost efficiency, such as reducing selling and administrative expenses. According to i…