(31) Hallyu is not omnipotent

Can the Hallyu wave be a universal key to overseas market entry? Let's examine the gap between the Hallyu wave and local consumer needs through the examples of BTS coffee and Pepsi Cola in Vietnam.

2024-06-24
(31) Hallyu is not omnipotent

The BTS coffee and Pepsi Cola advertising cases in Vietnam demonstrate that simply relying on the popularity of Hallyu stars is not enough for successful overseas market entry. Just as the popularity of Park Hang-seo, the coach who led Vietnam to victory in the Suzuki Cup, did not influence the promotion of Korean consumer goods, the popularity of Hallyu stars does not directly affect product success. Vietnamese consumers may like Hallyu stars like BTS or Blackpink, but their image alone does not guarantee product sales. The key is to accurately understand the needs of local consumers and develop products and marketing strategies that meet those needs. BTS coffee did not match the coffee preferences of Vietnamese youth, and Pepsi Cola was no different. Ultimately, the Hallyu wave is just one factor in overseas market entry, not a universal key. Korean companies need to understand the needs of local consumers and develop products and marketing strategies that meet those needs.

이 컬럼은 주간경향에 기고되어, 전문은 해당 웹사이트에서만 확인하실 수 있습니다.
전체 내용 보러가기

Contact


I will respond to all inquiries within 1 day, but responses may be delayed due to external schedules. Thank you for your understanding in advance.

© Young-kuk Yu, writer. All rights reserved.