중국 생수시장 분석과 기업진출 확대방안
An analysis of the Chinese bottled water market and strategies for Korean firms
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Today bottled drinking water constitutes a major segment of the beverage industry and its Korean domestic market, dominated by a few oligopolistic local firms, is being saturated by the ever increasing supply by local production and imports. To cope with this, Korean firms are attempting to expand their market overseas. China is considered one of the most promising foreign markets where Koreans need to increase their presence because China, the third largest consumer of bottled water, is now growing fastest in the world. The purpose of this paper is to formulate basic strategies for Korean firms’ entry into the Chinese bottled water market. I began with giving an overview of the bottled water market of the world and provided the analysis of the Chinese market. Then I evaluated the strengths, weaknesses, opportunities and threats (SWOT) involved in the entry of Korean firms into China and presented strategies for Korean firms.
Abstract
Today bottled drinking water constitutes a major segment of the beverage industry and its Korean domestic market, dominated by a few oligopolistic local firms, is being saturated by the ever increasing supply by local production and imports. To cope with this, Korean firms are attempting to expand their market overseas. China is considered one of the most promising foreign markets where Koreans need to increase their presence because China, the third largest consumer of bottled water, is now growing fastest in the world. The purpose of this paper is to formulate basic strategies for Korean firms’ entry into the Chinese bottled water market. I began with giving an overview of the bottled water market of the world and provided the analysis of the Chinese market. Then I evaluated the strengths, weaknesses, opportunities and threats (SWOT) involved in the entry of Korean firms into China and presented strategies for Korean firms.
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