June 25, 2024

Tricia Oak

Business & Finance Excellency

‘Squid Game’ and K-pop gas South Korean internet marketing drive in Japan

South Korea’s increasing world-wide pop lifestyle presence, from boy band BTS to the television series Squid Sport, is driving a new marketing and advertising push into Japan, as client merchandise businesses leverage the country’s smooth energy to generate profits of almost everything from liquor to outfits.

Hite Jinro, South Korea’s top beverage maker, claimed this week it will start new goods in Japan to bring in more youthful drinkers following its exports of the Korean firewater Soju shot up 27.2 for every cent final 12 months to Won28.5bn ($23m).

The enterprise mentioned a new era of Japanese drinkers was getting Soju simply because of the expanding attractiveness of Korean films and Television dramas that attribute the rice-distilled spirit, normally served in a compact tumbler a little bit greater than a 2 ounce shot glass.

Hite Jinro produced a television campaign in Japan for its new glowing Soju with fruit flavours final week. The campaign arrives immediately after the viral achievement of a Japanese advertisement parodying Korean romance dramas that got virtually 3.5mn sights because December.

“We aim to guide the trend of the Japanese liquor marketplace with several marketing actions and amplified sales electricity,” stated Hwang Jung-ho, head of Hite Jinro’s abroad small business operations, about taking a even bigger share of Japan’s $35bn liquor market.

Japan has cycled by means of unique waves of Korean pop culture mania. Korean companies are earning a renewed drive into the region as hopes for enhanced bilateral ties increase, according to officials at condition-operate Korea Trade-Financial investment Advertising Agency (Kotra).

The company held an online function on Wednesday to suggest about 300 smaller and midsized Korean providers intrigued in moving into Japan.

South Korea’s president-elect Yoon Suk-yeol, who will get business on Could 10, has named for a “future-oriented approach” to bilateral ties, and ideas to ship a delegation to Tokyo this week, marking the initially this kind of check out in at least five a long time.

According to a the latest survey of 327 groups by the Korea Chamber of Commerce and Marketplace, two in five organizations count on bilateral relations to boost though around 50 % of them approach to increase trade and expense with their Japanese counterparts.

“Japanese appreciate of K-pop and Korean dramas appears to be expanding their choice for Korean foodstuff and other goods,” mentioned Baak Saang-joon, a professor at the University of Global Liberal Reports at Waseda University in Tokyo. “We are likely to see a lot more Korean providers making use of this for their advertising and marketing strategies in Japan”.

Musinsa, South Korea’s rapidly-rising ecommerce clothing system with far more than 10mn consumers and Won2.3tn in gross products benefit, is eager to achieve a foothold in Japan. The firm established up a Japanese subsidiary past calendar year and is now in talks to get around Dholic, a rival specialised in promoting garments to younger Japanese consumers.

“South Korea’s manner worn by K-pop idols is attracting far more fascination in Japan,” reported a Musinsa official. “As Korea is ever more seen as a classy region many thanks to the attractiveness of its cultural information, its style is also finding significantly common among young Japanese.”

Musinsa is utilizing Korean actors these as Yoo Ah-in and Jung Ho-yeon, who starred in the strike Netflix series Hellbound and Squid Activity, respectively, as its types in ad campaigns. It options to launch an on the web commercial showcasing Korean pop stars and celebrities this year as component of its Japan push.