The present study analyzes Hyundai Genesis` introduction in the domestic and the North-American markets in terms of positioning and brand extension strategies in each market. Genesis was positioned to ``A domestic luxury car that looks like a foreign premium brand`` in the domestic market and was positioned to ``Quality of luxury car for a price of near-luxury car`` in the North-American market. Hyundai brand was extended to Genesis in the North-American Market, but not in the domestic market. The present study examines the backgrounds that resulted in different position concepts in the markets and analyzed the marketing tactics to realize the position concepts. Specifically, we discussed the brand extension strategy that was adopted in the North-American market in terms of its pros and cons. The present study noticed a need for modifying and/or strengthening positioning strategies to face competitive environments and suggests an issue to be discussed with respect to the changes in the positioning strategies.
Jun, Sun Kyu; Hyun, Young Suk; and Jeong, Yoo Jeong
"한국 및 북미시장에서 제네시스의 포지셔닝과 상표확장 전략,"
Asia Marketing Journal: Vol. 13
, Article 4.
Available at: https://amj.kma.re.kr/journal/vol13/iss1/4