transition of the company’s leadership from Chung Ju-Yong to his son, Chung Mong-Koo, the development of the company in terms of brand-image, product design and quality, sales, value and its market share has been on the upswing with some consistency. Hyundai Motor Company is now the leading automobile producer in South and is accountable for almost 10% of the global automobile market share.
image. This can be easily understood from looking at the process of how a new brand or a new 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
3. Brand positioning
- To make a comparison, the other big domestic competitor, Asiana Airline, appeals to emotions through comfortable, tender atmosphere. On the other hand, Korean Airline is aiming to improve customer satisfaction under the basic duties of Korean Airline by appealing with a perfection, quality, thoroughness, convenience.
- With a perfect and best image, Korean Airline striv
image. The recent economic recession has brought some advantages to Hyundai such as increased demand of small and midsized cars resulting in higher market share, and Korean won depreciation against US dollar resulting in stronger price advantage. However, when the recession is over, we expect that higher brand image through high technology and innovation is the only core competency that can be su
또는 ‘브랜드 강도(brand strength)’라 부른다. 마지막 세 번째는 ‘소비자의 브랜드 연상과 브랜드 신념’으로서, 이는 브랜드 이미지(brand image)라고 부른다. 첫 번째 유형은 앞서 언급한 것과 같이 재무적 관점에서의 브랜드자산이고, 나머지 두 유형은 고객기반의 브랜드자산을 의미하는 것이다.