Export of Korean companies to Asian countries is gradually increasing even in this unavoidable environment of export slowdown caused by global economic recession. Under this condition, Korean companies had success as well as failure, accruing many exp...
Export of Korean companies to Asian countries is gradually increasing even in this unavoidable environment of export slowdown caused by global economic recession. Under this condition, Korean companies had success as well as failure, accruing many experiences but their
efforts to acquire Asian market has been continuing. Among this, their interests in Chinese market is growing day by day and advancement of worldwide international companies to China is also increasing steadily.
Many of the Korean companies are also trying to enter attractive Chinese market and at the same time, doing their best to draw attention from the Chinese consumers with various strategies.
However, it is still too early to say that Korean companies have achieved a great success in Chinese market. Of course, there are some success stories but if we look at the reasons for the failure; First, they were unable to stay away from technology-oriented and domestic sensitivity design to deal with world market trend along with the consideration of characteristics and sensitivity of local
consumers.
Second, another main reason for the failure is that they did not have enough research on ethnic and propensity of China.
The present world has come into a combined era. Before it has moved from localization to globalization and now it is moving back from localization from globalization. If we look at the brands that are well-localized it seems that implementing localization and globalization can draw more attention from the consumers. People prefer brands that understand their different needs well and draw
satisfaction from it. Therefore, in accordance with the world trend, we should approach the market in a way that appeals to the local customers inside the local culture. In other words, gaining an insight to the trend of localization and globalization will increase the brand value and thus, it can become a way to survive in the competition with the world brand.
However, in the reality where financial ability is not sufficient to obtain cultural characteristics and trend of the country, if we consider what are the factors that brings about synergy effect with the minimum investment, stay competitive in the competition with the global companies, and enables a strong appeal to the local consumers,
it is the color that consumers first perceive of a product.
The color of modern society is able to express more variety of effects compared to before with the development of science technology and therefore, has become more specialized and subdivided. However, still, many companies do not know how to utilize and analyze this in
the flood of color information. Actually, there are many cases where the companies have a superior function and quality in the international market but because of the application of wrong color, their business went unsuccessful. This research has analyzed flow and sensitivity of color through the color trend which reflects the periodic flow including factors such as cultural, historical, and geographical environment. In the paradigm of globalization and localization, I have researched on the
flow of color which applies the color and trend symbolizing itsethnic and country. Furthermore, depending on the determinant color, I have analyzed characteristics of national identity by studying on the China’scolor trend by year/season and Hue/Tone. Through this research, I hope Korean companies entering Chinese market can learn about color sensitivity marketing for their successful globalization and localization.