Categories
Uncategorized

OCTOBER 2024

SOCIAL TRENDS & MARKETING INNSIGHT REPORTS

monthly-pick-oct

Insights Debrief

OCTOBER 2024

OCTOBER 2024 REPORT OVERVIEW

Explore our social trends and marketing insights report for October 2024, which features topics from social and cultural trends going viral in Korea and across the world. Fully automated stores are rapidly proliferating in Korea. The Kansong Art and Culture Foundation recently launched an immersive media art exhibition focused on Korea’s traditional cultural heritage. And let’s explore how share of search can be used to gauge a brand’s performance and its broader strategic applications.

Date: 08/11/2024

Issue: 10

Share

kiosk
WHAT’S IN THE OCTOBER REPORT?
TREND HUNTER

Exploring social and cultural trends going viral in Korea and across the world.

Store Alone

Automation of Retail – A Double-Edged Sword

Unmanned or fully automated stores are rapidly proliferating in Korea, driven by technological advancements and evolving consumer lifestyles. Offering benefits such as reduced labour costs and the ability to operate around the clock, these stores are being adopted across various sectors. However, alongside these advantages, they also present challenges that need to be addressed.

  • It is driven by rising labour costs, labour shortages, the proliferation of contactless culture, technological advancements, and shifting consumer lifestyles.
  • Beyond merely providing efficiency, cashierless stores also deliver unique experiences to consumers.
  • There are significant challenges to address before the further expansion of unmanned stores.
  • leveraging technology to enhance both customer experience and convenience.
Immersive K
SPACE-EX

Visiting trendy places to look for the reasons for the popularity and insights.

Media Art Exhibition by the Kansong Art and Culture Foundation

Korean Immersive Art Reimagined by the Kansong Foundation

The Kansong Art and Culture Foundation has opened a new chapter in Korean art history. The foundation recently launched an immersive media art exhibition focused on Korea’s traditional cultural heritage.

  • Transcending time and space with breathtaking video art and narration.
  • Experiencing pieces by Joseon’s greatest artists through the
    five senses.
  • Time-travelling to Joseon through AI and digital technology.

Image source: DDP

Search
ISSUE DISCOVERY

Analyzing selected marketing topics.

Understanding Share of Search

Exploring the Value and Strategic Use of Share of Search Data

Share of search refers to the proportion of search queries for a particular brand on a search engine compared to its competitors. One of the major advantages of share of search is that it can be measured easily and without additional costs—just a few clicks can provide data.

  • Measuring the proportion of search queries for a specific brand within a category is simple and convenient to collect.
  • A comprehensive awareness metric and a tool for measuring mental availability.
  • By examining the share of search, we can also estimate a brand’s level of market share.
  • Offering valuable insights into a brand’s market position, as well as an in-depth understanding of the circumstances the brand is facing.
  • A useful tool in predicting market performance and assessing the impact of communication strategies.
  • Brands should be aware of making a mistake by relying
    solely on share of search or ignoring external factors when deciphering outcomes.
OOH
CREATIVE HIGHLIGHT

Introducing attention-grabbing creatives.

pDOOH(programmatic DOOH)

With cutting-edge technologies applied to OOH, advertising is now evolving into digital OOH (DOOH).

Programmatic advertising combines programmatic technology and automation to target and automate ad exposure. As programmatic technology is increasingly adopted in the world of out-of-home (OOH) advertising—which traditionally involved unilateral delivery to unspecified mass audiences—this innovation is transforming OOH advertising, pushing it beyond its traditional limitations.

  • By delivering tailored content according to weather conditions, advertisements can now offer experiences more relevant to the audience.
  • Brands can also capitalize on the location of digital screens to deliver contextual experiences tailored to individual consumers.
  • By adjusting ad creatives in real-time based on the time of day, brands can deliver highly time-sensitive advertisements.
  • By utilizing customer data, brands can achieve precise targeting and more efficient media operation.

VIEW THE FULL OCTOBER 2024 REPORT

Help prepare your business for the changes ahead by viewing the full PDF report* for free HERE

*All reports produced by our Headquarters in South Korea research team are the exclusive intellectual property of INNOCEAN and are protected by copyright and intellectual property laws. Unauthorized downloading, reproduction, distribution, or publication of these reports without prior written authorization from INNOCEAN is strictly prohibited, both internally and externally. We appreciate your cooperation in respecting our intellectual property rights. Thank you for your understanding.

Categories
Uncategorized

SEPTEMBER 2024

SOCIAL TRENDS & MARKETING INNSIGHT REPORTS

Autumn

Insights Debrief

SEPTEMBER 2024

SEPTEMBER 2024 REPORT OVERVIEW

Explore our social trends and marketing insights report for September 2024, which features topics from social and cultural trends going viral in Korea and across the world. Reading books has started gaining attention among Gen Z as a “hip” activity.  Global artists Pharrell Williams and G-Dragon have teamed up. On JOOPITER, Pharrell’s digital auction platform, G-Dragon unveiled a special collection of his personal items to the public. MAD STARS 2024 held its grand opening in Busan this past August and concluded with great success. Let’s explore marketing mix modeling (MMM).

Date: 03/10/2024

Issue: 9

Share

Book
WHAT’S IN THE SEPTEMBER REPORT?
TREND HUNTER

Exploring social and cultural trends going viral in Korea and across the world.

Text-Hip

How Gen Z Are Engaging with Text

Gen Z is often referred to as digital natives. Recently, however, reading books has started gaining attention among them as a “hip” activity. Why is reading suddenly emerging as trendy content among younger generations?

  • The growing enthusiasm for reading among Gen Z is manifesting in various ways.
  • For Gen Z, reading books is not only a way to escape the digital world but also a way to signal that they are “hip.”
  • Even the way Gen Z enjoy text is hip.
  • Various industries, including publishers, are tapping into the “text-hip” trend to explore new opportunities.
Artwork
SPACE-EX

Visiting trendy places to look for the reasons for the popularity and insights.

NOTHING BUT A ‘G’ THANG:
THE ART & ARCHIVE OF G-DRAGON

Let’s explore this collaboration, where G-Dragon’s artistic vision merges with JOOPITER’s universe, crafted with Pharrell’s creative touch.

Global artists Pharrell Williams and G-Dragon have teamed up. On JOOPITER, Pharrell’s digital auction platform, G-Dragon unveiled a special collection of his personal items to the public.

  • A unique collection of G-Dragon’s personal items, reflecting his distinctive taste, and JOOPITER’s limited-edition collaboration collections were unveiled
  • Glamorous and bold pieces customized by G-Dragon captured the spotlight.
  • Paintings created by G-Dragon offered a glimpse into his artistic vision.
Marketing
ISSUE DISCOVERY

Analyzing selected marketing topics.

Marketing Mix Modeling

Let’s explore Marketing Mix Modeling (MMM)

In an increasingly complex consumer environment, the campaign activities of brands and businesses are expanding. In light of this evolving marketing landscape, MMM is a tool that helps companies comprehensively analyze the outcomes of various campaigns and efficiently allocate their budgets.

  • MMM is gaining attention as an accurate and realistic method for analyzing marketing performance.
  • A tool for optimizing marketing execution is developed through the stages of data collection, performance analysis and systemization, and modelling.
  • It helps manage business performance through accurate analysis of marketing activities.
  • Rapid technological advances are driving the evolution of MMM.
  • There are several factors to consider for the successful implementation and management of MMM.
Advertising awards
CREATIVE HIGHLIGHT

Introducing attention-grabbing creatives.

MAD STARS 2024

Creative Solutions Sparking Change

GMAD STARS 2024, Korea’s only international advertising festival, held its grand opening in Busan this past August and concluded with great success. This year, the event particularly stood out for recognizing campaigns that presented creative solutions and leveraged cutting-edge technologies to drive social change. Among the many innovative ideas showcased at MAD STARS 2024, let’s take a closer look at some of the award-winning campaigns that deserve our attention.

  • Campaigns that created real-world impact by offering simple yet effective solutions rooted in social responsibility were especially recognized at MAD STARS 2024
  • Projects that emphasized sustainability through creative approaches, leaving a positive impact on future generations, were also in the spotlight.
  • Creative campaigns that found new ways to communicate with consumers through ingenious ideas aligned with the social and cultural environment were also highlighted.
  • Some campaigns successfully built trust and sparked positive perceptions by showcasing brands’ unique technologies and distinctiveness, effectively challenging consumer stereotypes.
  • Messages aimed at improving the quality of life for people with disabilities and encouraging their social engagement through innovative technologies that overcome physical limitations stood out.

VIEW THE FULL SEPTEMBER 2024 REPORT

Help prepare your business for the changes ahead by viewing the full PDF report* for free HERE

*All reports produced by our Headquarters in South Korea research team are the exclusive intellectual property of INNOCEAN and are protected by copyright and intellectual property laws. Unauthorized downloading, reproduction, distribution, or publication of these reports without prior written authorization from INNOCEAN is strictly prohibited, both internally and externally. We appreciate your cooperation in respecting our intellectual property rights. Thank you for your understanding.

Categories
Uncategorized

AUGUST 2024

SOCIAL TRENDS & MARKETING INNSIGHT REPORTS

Surface

Insights Debrief

AUGUST 2024

AUGUST 2024 REPORT OVERVIEW

Explore our social trends and marketing insights report for August 2024, which features topics from social and cultural trends going viral in Korea and across the world. Consumers in Their 20s and 30s Are Embracing Conscious Spending as Part of Their Identity. The fourth edition of the Valorant Champions, the game’s most prestigious world championship tournament, is being hosted in Seoul and Incheon this month. And, the Live commerce has been experiencing remarkable growth recently.

Date: 03/09/2024

Issue: 8

Share

Shopping
WHAT’S IN THE AUGUST REPORT?
TREND HUNTER

Exploring social and cultural trends going viral in Korea and across the world.

The Rise of Mindful Consumption

A New Movement Against Unconditional Spending.

In the face of a prolonged economic downturn, “practicality” has become a defining feature of the consumption patterns of those in their 20s and 30s.

  • The Decline of Conspicuous Consumption, the Rise of Mindful Spending
  • Consumers in their 20s and 30s are embracing conscious spending as part of their identity
  • The drivers behind the rise of mindful spending
  • Ways to practice mindful spending in everyday life
Online Game
SPACE-EX

Visiting trendy places to look for the reasons for the popularity and insights.

Step Into Your Favorite Game’s Universe The Valorant Champions Seoul Pop-Up

Let’s visit the Valorant Champions Seoul pop-up, which offers an opportunity to step into the game universe.

Valorant is a first-person shooter (FPS)* that has recently become a favourite among teenagers. The fourth edition of the Valorant Champions, the game’s most prestigious world championship tournament, is being hosted in Seoul and Incheon this month.

  • The Valorant Champions Seoul pop-up, recreating the game universe in real life
  • Valorant: Eyeing the title of the new mainstream game
  • Champions Square: Welcomed by Jett and a new agent
  • The Champions Night Market Event Zone: Experiencing the blurring boundaries between the Valorant game and real-world
Live commerce
ISSUE DISCOVERY

Analyzing selected marketing topics.

The Golden Age of Live Commerce

Content Curation

Live commerce has been experiencing remarkable growth recently. It is now preparing for another leap forward, blurring the traditional lines between TV-focused home shopping and mobile-based live-streaming commerce.

  • Media commerce, which intricately weaves together retail, marketing, and sales into a single platform, is emerging as a
    crucial topic today
  • Live commerce is being redefined as a hybrid shopping experience that seamlessly crosses the boundaries between online and offline
  • Live commerce is moving beyond the traditional format of live-streaming shows dedicated to selling products; it is evolving to strengthen the emotional bond with consumers
  • Live commerce is reaching out to customers by integrating live-streaming shows with short-form content, catering to the latest trends
Guerrila Marketing
CREATIVE HIGHLIGHT

Introducing attention-grabbing creatives.

Guerrilla Campaign

Guerilla marketing is intruding into our peaceful daily lives, offering unusual experiences through various media, from performances to large sculptures and OOH advertising.
Let’s explore brands’ guerilla campaigns, which leave a lasting impression by appearing suddenly in unexpected ways.

  • Musinsa Standard
    : Musinsa Standard effectively promoted its events and products through guerrilla marketing Musinsa
  • Twisters
    : By installing objects that appeared to have been destroyed by tornadoes in the streets of neatly organized cities, the campaign generated significant buzz
  • Squid Game Season 2 & Alien
    :Romulus: Through performances that drew audiences into the universes of various popular franchises, the release dates of their sequels were announced in impactful ways
  • Stand Oil and Piña Oatlada
    : Instead of relying on Fake Out of Home (FOOH) advertising, some brands have creatively used giant props to spark curiosity

VIEW THE FULL AUGUST 2024 REPORT

Help prepare your business for the changes ahead by viewing the full PDF report* for free HERE

*All reports produced by our Headquarters in South Korea research team are the exclusive intellectual property of INNOCEAN and are protected by copyright and intellectual property laws. Unauthorized downloading, reproduction, distribution, or publication of these reports without prior written authorization from INNOCEAN is strictly prohibited, both internally and externally. We appreciate your cooperation in respecting our intellectual property rights. Thank you for your understanding.