Olympus to exit camera business in Korea

Olympus officially announced that they will exit the camera business in Korea:

Olympus plans to exit its camera business in South Korea hit by decreasing sales, focusing instead on optical equipment for medical purposes and scientific equipment, the Korean branch of the Japanese manufacturer said Thursday.

In a statement, Olympus Korea said it will “cease its imaging business in Korea, effective June 30, 2020.” Its Brand Store, a store operated by Olympus Korea in southern Seoul, and its online shopping mall E-store will also be closed on the same day.

The company, however, added it will keep operating the service facility until March 31, 2026. The division is responsible for repairing and exchanging Olympus products.

The Korean unit said the decision was mostly because of declining sales volume.

Source: Koreatimes via PhotoRumors

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