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“In Korea, we have a saying that ‘it’s not the quantity, but the quality of the things you use that makes the biggest difference.’ So let me give you some examples of companies that use quality in their marketing campaigns to gain sales: Samsung, LG, Hyundai, S.E.A. Fever, Chain Store Age, etc. Samsung is one of the world’s largest electronics manufacturers, with two of the world’s most innovative smartphone brands, Galaxy S III and Note II. They
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I’ve always thought of Korea as one of the great success stories in the world economy. I’ve visited the country a few times and have heard stories of its rapid economic growth and remarkable stability, its entrepreneurial spirit, and its people. But there was one place, one book, and one article that really changed my view of the Korean story. It was “The Glass House,” by Youngwoo Lee, a young Korean intellectual who lives in France. Lee’s book is a beautifully written meditation on the Korean psyche and the history of his
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As one of the top Korean retailers, South Korea’s Home Plus (HP) is always keeping pace with the latest trends and technologies. However, the company seems to face a number of significant obstacles, which may put it in an unprecedented crisis of the country’s most prominent retailers. In a recent report titled “Korea’s Retail Future”, the Korea Economic Daily (KED) stated that Home Plus is experiencing a “difficult time”. The report highlighted some of the issues that Home Plus faced, such
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The rapidly changing retail industry and its ever-evolving consumer trends are a constant challenge for businesses around the world. navigate to this site Home Plus, the Korea’s largest consumer electronics retailer, faces significant challenges from fierce competition, shifting consumer preferences, and rapid technological developments in its core electronics category. Chapter 1: Background Home Plus is a Korean electronics retailer that sells a wide range of electronics products, including appliances, electronics accessories, home appliances, and home
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It’s been a year since the Korean retailing industry experienced the biggest blow ever. useful content It is the time to evaluate what went wrong and what’s done right in the retailing industry. What’s done right include the companies that managed to retain its key customers and kept its supply chains operational while avoiding disaster. How did it happen that in a period of less than 6 months, some of the most prestigious brands in the world, namely Coca-Cola, Coty, and H&M, all lost millions of dollars?
