
Start with Basics
@thebizbasics
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Global Biz & Marketing made simple. IB, Marketing, K-Entertainment. đTextbook-based. đ@GONOGO_Korea | đş Prefer video? https://t.co/aNKKhHhHkb
Joined June 2019
Comparing SM, YG, JYP in Japan & China. ⢠SM: localization & sub-units ⢠YG: brand-driven, selective markets ⢠JYP: partnerships & local groups All faced Chinese regulatory barriers, but each approach fueled K-popâs regional rise Ref: https://t.co/4mbaG5m6EW
#Kpop #SM #YG
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JYP Entertainmentâs dual-market play. ⢠Japan: NiziU via âNizi Projectâ with Sony (2020) â full localization with Japanese members, huge success ⢠China: JV with Tencent (Boy Story, 2018) â local talent, youth focus, but political tensions slowed growth Localization worked in
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YG Entertainment in Japan & China. ⢠Japan: BIGBANG (2009) â 2NE1 & BLACKPINK expanded appeal with unique hip-hop/R&B style ⢠China: cautious entry, limited by regulations, but brand control stayed strong YGâs bold style captivated Japan while holding ground in China Ref:
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SM Entertainmentâs JapanâChina strategy. ⢠Japan: TVXQ (2005) opened doors for Girlsâ Generation & EXO â tours & Japanese versions ⢠China: dual-unit model (EXO-K/EXO-M) localized reach but hit political/regulatory walls Localization + structure fueled SMâs early global rise
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Market entry lessons from K-pop agencies. ⢠SM Entertainment: leadership & structure enabled global expansion ⢠Industry trend: YouTube & social media accelerated beyond-Asia growth ⢠Core formula: fandom insights + big data = global navigation Ref: https://t.co/NEk7Yfnzzq
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K-pop firms use fandom data to expand globally. ⢠Regional fandom analysis: U.S. (KCON growth, merch demand), Japan (localized releases, BoAâs fluency) ⢠Data-driven content: big data, real-time trend tracking (Bank of Korea, KCTI) ⢠Basis for tailoring marketing strategy
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Netflixâs Korean push: impact & concerns. ⢠Economic & cultural impact: local jobs, industry growth, global influence, tourism boost ⢠Challenges: IP rights stay with Netflix, limited revenue sharing for Korean creators ⢠Outlook: continued investment, expanding diversity,
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Conclusion: A structured approach to research (secondary + primary) helps firms: â Make informed decisions ⥠Minimize risks ⢠Identify optimal global opportunities ⣠Account for culture, economics, politics Ref: https://t.co/mx3IyhwcKn
#OpportunityAnalysis
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Challenges in primary research: â Cultural & language barriers ⥠Literacy limitations ⢠Time- and cost-intensive Primary research = deeper insight, but resource heavy. Ref: https://t.co/mx3IyhvEUP
#Fieldwork #ResearchDesign
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Netflix bet big on Korean contentâand won. ⢠Entered Korea in 2016, scaled with $2.5B investment (2023â2027) ⢠Proved confidence in Korean storytelling ⢠Global hits: Squid Game (most-watched show), All of Us Are Dead, Juvenile Justice, Move to Heaven Ref:
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Primary research methods: â Trade shows/missions â showcase products, find partners ⥠Interviews/focus groups â assess attitudes & preferences ⢠Surveys â collect customer facts & opinions ⣠Environmental scanning â continuous monitoring of trends & risks Ref:
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Challenges in secondary data: â Limited data in emerging markets ⥠Reliability issues in developing countries ⢠Comparability problemsâdifferent terms & methods Result: hard to get consistent, trustworthy info Ref: https://t.co/mx3IyhwcKn
#DataQuality #Comparability
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BTSâs rise powered by fans & adaptability. ⢠Loyal fan engagement: ARMY organized promotions, streaming drives ⢠Market adaptability: embraced digital distribution & fast-changing trends ⢠Cultural collaboration: worked with U.S. artists, bridging cultures & widening appeal
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Secondary research sources for international analysis: â International orgs (World Bank, IMF) â economic data ⥠Government agencies â trade rules, market conditions ⢠Industry/trade associations â market trends ⣠Service firms (consulting, banking) â demand & risk â¤
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Step 4: Final Site Selection. Actions needed: ⢠Field visits to validate assumptions ⢠Meet local partners ⢠Benchmark rivalsâpricing, loyalty, distribution Paper plans must pass the ground test. Ref: https://t.co/mx3IyhwcKn
#GoToMarket #CompetitiveAnalysis #FieldResearch
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BTSâs U.S. breakthrough: 3 pillars of success. ⢠Authentic identity: blended K-pop with hip-hop & EDM, no imitation ⢠Digital-first: streaming + social media built ARMY worldwide ⢠Relatable content: addressed youth struggles, mental health, identityâdelivered with high
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Step 3: Measuring Market/Site Potential. Evaluate: ⢠Market size & growth rate ⢠Middle-class purchasing power ⢠Economic freedom & regulation ⢠Political, economic, financial stability Markets âlarge, growing, open, stableâ = priority targets. Ref: https://t.co/mx3IyhwcKn
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Step 2 of screening: National Business Environment. Check these before entry: ⢠Economic, political, legal, cultural fit ⢠Cultural influence on demand ⢠Regulatory barriers & partner rules ⢠Inflation & FX risks ⢠Transport & logistics quality This environ Ref:
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MAMAâs strategy reflects K-popâs global ambition. ⢠Diversify audiences with multi-country hosting ⢠Foster cross-cultural artist collaborations ⢠Expand global access via Samsung TV Plus & streaming partners â Not just an award show, but a cultural bridge worldwide. Ref:
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MAMA adapted through crisis & growth. ⢠2020: Online-only show during COVID-19 ⢠2022: Rebranded as âMAMA Awardsâ ⢠2024: Landmark U.S. debut at Dolby Theatre, Los Angeles ⢠Continued shows in Japan to keep Asian roots strong â From Seoul to Hollywood, MAMA went truly
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