Lee Hyori 2.0: Brand Management
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Transcript of Lee Hyori 2.0: Brand Management
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Lee Hyori � Born May 10, 1979 (Age 34) � Debuted in 1998, a member of Fin.K.L. � Group broke up in 2002 � First solo single “10 Minutes” in 2003 � Six full-length albums as a group and five as a solo � Emceed several talk shows and “variety shows” � Won both Gayo-daesang and Yeonye-daesang One of the most successful female singers and the most important television characters in Korea
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Lee Hyori is one of the most powerful brands in Korea People buy products because of her Companies pay her millions of dollars for her brand Soju, mobile phone, car, insurance, bed, gochujang, rice cooker, vitamin drink, jeans, cosmetics…
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For 16 years… Music, talk shows, commercials, reality shows, comedy, and her personal life… A successful transformation from a girl next door to a sexy pop diva But what about now?
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Her ambition She doesn’t want to be a pin-up doll any more. Glamorous pop star vs. artistic, natural self Conflicting brand elements
vs.
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Lee Hyori 2.0 How she can maximize her brand equity in this ever-changing industry
while accomplishing her ambition
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Trend Industry � Hallyu – Korean culture’s popularity in overseas markets � Highly competitive industry – both music and TV � Male-centric TV programming
Audiences � Increasing demand for diverse contents � Independent music, foreign programs, new formats of TV shows � Highly fragmented needs and wants
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Competitions � Female solo singers such as BoA and girl bands like Girls’ Generation and 2ne1
� Male TV talents: Yoo Jae-seok, Shin Dong-yup
� Female TV talents: Eugene, Sung Yuri, Seo In-young
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What does Lee Hyori have and they don’t? Find the source of competitive advantage among brand elements
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Glamour Star
quality
Mature Easy-going
Feminine
1 2 3
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Suggestions 1 Strengthening the core brand: Pop star Lee Hyori 2 Extension of Musical Career: Producer Lee Hyori 3 Extension of TV Career: Talk show host Lee Hyori
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Maintain her unique identity even while mixed with different genres
1 Pop Star Lee Hyori
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The strong identity of producers extended to other artists creates greater effect
2 Producer Lee Hyori
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3 Talk Show Host Lee Hyori
Chelsea Handler, host of Chelsea Lately Strong niche appeal among male late night talk show hosts Popular among female viewers
Ellen Degeneres, host of The Ellen Degeneres Show Unique character of the host differentiated from other old-fashioned daytime shows
6 o’clock time slot, targeting female viewers Stable ratings (10% on average) + increased mobile viewership expected
Go Hyun-jung, host of The Go Show Failed in the prime time slot – very competitive Go’s presence insignificant unlike expectation
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Glamour Star
quality
Mature Easy-going
Feminine
1 Satisfy female viewers whose voices are unheard in the media 2 Safer approach in non-prime time slot 3 Facilitate the key elements of Lee Hyori brand 4 Create a new trend in the media industry