Journal of Wellbeing Management and Applied Psychology (웰빙융합연구)

Korea Wellbeing Convergence Association (한국웰빙융합학회)
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Current Status and Future Prospect of the Kimchi Industry

  • KWON, Lee-Seung (Department of Health Care Management, Catholic Kwandong University) ;
  • PARK, Hyeon-Young (Department of Health Care Management, Catholic Kwandong University) ;
  • LEE, Se-Rin (Department of Health Care Management, Catholic Kwandong University) ;
  • LIM, Hyeon-Jin (Department of Health Care Management, Catholic Kwandong University) ;
  • KWON, Young-Eun (College of Life Science and Biotechnology, Yonsei University)
  • Received : 2021.05.17
  • Accepted : 2021.06.20
  • Published : 2021.06.30
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Abstract

Purpose: This study analyzed the general status and conditions of the kimchi industry in Korea. The purpose of this study is to contribute to the information of a desirable kimchi market by analyzing the distribution, price, market, and consumers of kimchi based on the current status and status of the kimchi industry in Korea. Research design, data and methodology: This study basically conducted research design and analysis based on theoretical consideration and kimchi market data. Results: The conclusion of the study is that in order to globalize kimchi, it is expected that a strategy to target overseas markets with relatively low competition through a low-salt diet and premium strategy along with the image of Western health is expected. Conclusions: In Korea, small and medium-sized companies can target the B2B (Business-to-Business) market first and then target department stores or convenience stores at a stable time in the future to expand sales channels and profitability through premium or low-cost policies. Another strategy is to target overseas markets as soon as the company stabilizes through B2B. Therefore, in the kimchi industry, it is necessary to establish a sales/marketing strategy according to what position and position of one's own company in the kimchi industry.

Keywords

References

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