premiumproduct)유형은 간단히 말해 중산층 소비자들이 감당할 수 있을 만큼만 고가로 가격을 책정한 상품군을 말한다. 즉 같은 제품군 내에서 최고의 가격이지만 소비자가 비교적 쉽게 구입 가능한 고급 제품을 말한다.
둘째, 명품의 대중화(Old Luxury brand extensions)유형은 말 그대로 Mercedes-Benz, Tiffany 등 전
product is produced.
Let’s take the vehicle industry as an example. In 1989, Toyota motors concluded that they could not enter the premium market through their brand image of high performance via price. The premium market consisting of Mercedes Benz, Rolls Royce, and Ferrari, required high performance, outstanding service, and foremost, a strong brand name. Hence, Toyota motors used a new bra
premiumproducts. Lotte in 2006 launched ‘Dream cacao’ series containing high percentage of cacao, and was a big hit in 2007 leading to the dark chocolate boom. After the boom, market was restructured in favor of dark chocolate, encroaching the white-chocolate market. Melanin shock triggered premium market to expand. Companies are now producing products with non-artificial additives and non-
cosmetic stores etc.
Salon: Tends to be more sensitive to trends.
By price and function
Divide into 2 Sector : Premium and non-premium
Generally the premiumproducts are more expensive but have
a special function. (generally over 6,000 won)
Recently, the sale of premiumproducts are growing rapidly.
(It satisfies customers’ needs more than non-premiumproduct)
product quality, functions and branding. Branded products, having an up- market image in terms of style, product quality and safety, have become priority choices for consumers.
4. Market players
4-1. Foreign players
Multinational enterprise cashing in and dominating premium market
The lucrative cosmetics market in China has been attracting many multinational enterprises. At present, most