[Herald Interview] Hyundai Motor takes step
YOKOHAMA, JAPAN -- South Korea’s leading automaker Hyundai Motor aims to expand its presence in Japan with patience as the market is known for its tough-to-enter nature due to the overwhelming dominance of the country’s homegrown brands such as Honda, Nissan and Toyota.
“Since we started taking orders in May last year and began to deliver cars in August, we have sold over 700 vehicles as of August this year,” said Cho Won-sang, CEO of Hyundai Mobility Japan, in an interview with a group of reporters representing the Korea Automobile Journalists Association at the automaker's Customer Experience Center in Yokohama on Thursday.
“Regarding this, there have been various assessments with some saying that (the numbers) are not up to par. But Hyundai Motor re-entered (the Japanese market) with the mindset of 'mind share' instead of 'market share',” he said.
Hyundai announced its return to the Japanese market in February last year. The reentry came about 12 years after the company decided to pull out of the Japanese passenger car market in 2009.
Mentioning his tenure with the Korean automaker in China, Europe and the United States, Cho pointed out that the Japanese auto market is the most difficult among them.
“There are narrower roads, smaller parking spaces and tariff barriers but the mind of Japanese customers is conservative. The way they treat cars is different from other users. This is a market where people have a lot of affection for their vehicles,” he said.
“So what would it mean if we hastily come here and say that we will sell 10,000 units in three to four years and take up 5 percent of the market share? We figured that getting our brand’s name recognized by Japanese customers here is truly the value that Hyundai Motor can achieve on behalf of Korea, so we decided to take the grand approach of ‘image positioning.’”
The CEO explained that Hyundai Motor’s local strategy is to permeate the brand into the daily lives of Japanese customers. He took the example of car rentals and car-sharing services that can offer experiences of Hyundai Motor vehicles to help customers familiarize themselves with the Korean brand first.
(责任编辑:부모와 아이)
- Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report
- "KTX 꼭 타보고 싶다" 했던 김정은 "만족한 합의"…뭐길래
- [이번 주 리뷰]美 Fed 기준금리 동결…이재명 체포동의안 가결(18~23일)
- 한동훈, 체포안 설명 8분 넘기자…“짧게 합시다” “왜 이리 시끄럽냐”
- Igis launches $100m secondary fund for overseas investment
- 합의문도 없는 희한한 북·러 정상회담…결국 비즈니스 관계였나
- 한동훈, 체포안 설명 8분 넘기자…“짧게 합시다” “왜 이리 시끄럽냐”
- 야당 29명 반란, 이재명 방탄 뚫렸다
- [Herald Interview] Indonesia's Aladin Bank CEO eyes digital banking partnerships with Korea
- 한동훈, 체포안 설명 8분 넘기자…“짧게 합시다” “왜 이리 시끄럽냐”
- FSS issues advisories to fisheries cooperatives federation for W50b investment loss
- 합의문도 없는 희한한 북·러 정상회담…결국 비즈니스 관계였나
- [Herald Interview] Alex Olle’s realistic reimagination of opera ‘Norma’ keeps art form alive
- FSS issues advisories to fisheries cooperatives federation for W50b investment loss
- Korean economy expected to grow by 2.1% in 2024: Hana Institute
- "KTX 꼭 타보고 싶다" 했던 김정은 "만족한 합의"…뭐길래
- [이번 주 리뷰]美 Fed 기준금리 동결…이재명 체포동의안 가결(18~23일)
- [이번 주 리뷰]美 Fed 기준금리 동결…이재명 체포동의안 가결(18~23일)
- 尹지지율 긍정 33%·부정 58%…"명절 기간 물가 등 경제난 체감"
- 야당 29명 반란, 이재명 방탄 뚫렸다
- KT to cooperate with Thai telecom firm to create Thai language AI service views+
- Hyundai Elevator wins Good Design Award 2023 views+
- Kangwon Land's wellness facilities offer quiet retreat views+
- Samyang to release tom yum flavor Buldak in US views+
- Geopolitical risks hold back South Korea's credit rating upgrade:Fitch views+
- Things to note to prevent disputes in international contracts: The critical clause of governing law views+
- [Herald Interview] Kang Ik views+
- Celltrion merger plan approved by shareholders views+
- S. Korea reports additional cases of lumpy skin disease in cattle views+
- Japan returns favor, flies Koreans out of Israel views+