so
ah
hello _0
hello _0
hello _1
nice to meet you _1
hello i 'm a_[S4] nice to meet you
how are you doing _1
thank you very much
mhm _0 thank you _0
xxx hello _0 a_[S4] yeah nice to meet you _1
mhm
thank you
mhm _5
f_so f_gruess f_gott
f_gruess f_gott xxx
f_x f_mich f_da f_zu f_ihnen
@@
f_genau
xxx _0
f_wo f_sitze f_ich f_denn f_da f_oder f_was
f_ja _3
so you just arrived from
yes just from arrived from er _0
from
frankfurt
frankfurt
pa- paris _0 via frankfurt _0
paris
it 's a little warm in here right xx
yeah but it 's very windy outside so it 's
it 's quite
aha _0
it 's okay
do you mind if we take out the jackets or
yeah sure _8
from frankfurt _0
actually we start from paris _0
actually
but _1 to _0 to er frankfurt
f_ja _1 but you you were not at s_ism _1
no
not er i already told a_[S5]
yeah _0
in my pr- _0 in my pres- previous email _0 er our company policy _1 er we made decision that we will _0 participate _0 er s_ism _0 o- every other year
every second
f_ja
every second
every second year f_ja _3 so _0 frankly speaking y- you know already a_[firstname1] is _0 is not here
he 's on vacation
he 's on vacation this week f_ja _0 skiing _0
okay _0
yeah because if you know this week is is er _0
so er
school holidays
mhm _0
so he 's taking his _0 his children
mhm
for for _0 for some skiing _0
so regarding er _1 s_ism er next year we 'll definitely be there
mhm _0
but _1 since we decide to attend every _0 second year
f_ja
but _0 er every year we come to er _0 europe _0
mhm
because in er frankfurt we have another big er _1 sale for er the _0 the home _1 er domestic er er _0 products like er
chocolate _0
no no no
and the er xx
tableware
aha _0
kitchen er accessories
mhm
because we 're _0 we are distributor for _0 for the new a_[org2] 's knives _0
mhm
also er
and that fair was in frankfurt
f_ambiente
the fair is in f_ambien- er the- they call it f_ambiente _0
aha
er two thousand four _0 er but we should be there er every year because _0 about four five of our principals are there _0
mhm
so _1 either myself or mister a_[S2/last] or even boss _0 should be there every year
okay
we 'll try to take that opportunity visit _0 a_[ORG1]
mhm
if you do n't mind _0 for the year where where we do n't visit _0
perfect
@@@
er s_Ism so _0 basically we can _0 er meet every year _0
mhm
either in s_ism or we visit here
perfect
sounds great
of course either er a_[firstname1] or you you meet with a_[S5] or _0
yeah
i will be glad to
a_[S3]
@@@@@ @@
@@@@@@@
@@@@
right _0
visi- visit us er _0 whenever
a_[firstname1] was there last time in
march
la- last march
f_xxx f_xx
yeah
f_ja
x xx _0
mhm
sorry gentlemen to interrupt you i just forgot to bring you a coffee _1 you wan na have _0
er yeah coffee would be
okay
would be a good idea _0 would it
did you hav- did you have lunch yet no _0
but i
but we did we did er put put er i also _0
yes
appreciate your time because _0 just kn- knew that _1 your office hours _0
oh that
finish two o'clock in the af- erm afternoon
@@
in this in this job there is no office hours
@ @@@ @
@@@
we do n't have office hours
@@ @
ba- bad for you
@@@
right
@@
we are we usually er even friday we work until _0 six
f_ja _0
we assume that er _0 here in austria _0 people work as _0 we do xxx
f_ja not really we are a little lazy
@ @@@@ @
@@@
@@@
do you work on _0 on saturdays also no
no
no no _0
not _2 all company er _1 bi- bi- er takes off _0
mhm _0
fri- er saturday but _1 company like us is a xing company _0 we er do n't work sunday saturday _0
mhm
but most korean companies still many of them are open half day _0
f_ja
mhm
yes _0
mhm _1 so maybe first of all please let me introduce myself
okay
erm _0 i 'm in the company for _0 the the seventh year now _0
okay
xx x
erm _0 i used to be _1 responsible for south-east asia
er
er _0 meaning er you know thailand indonesia singapore malaysia philippines _0 and australia _1 and also in in europe some countries like northern europe and southern europe _1 and since er a_[firstname1] is taking more and more er _0 management responsibilities in reg- in regard of _0 marketing and and er _1
mhm
and management within the house erm _0 he gave over the responsibility also for _0 the northern part of asia
mhm
except for japan
mhm
er _0 to myself
mhm
and _0 beginning of this year er _1 er we hired also a_[S3]
mhm
mhm
who will
hm _0
basically it will be _0 together that we that we er _2 are here for you for your
mhm mhm _0
er for your markets _0
mhm
so whenever _0 in the future you will er basically communicate to the _0
mhm
two of us _0
mhm
mhm
erm _1 the only thing is that erm _0 since we have never met and a_[firstname1] is not here
mhm
mhm
there was a past history and the knowledge
mhm
mhm
erm is basically
a_[S5]
you get through
in a_[S5] 's
a_[S5]
@@ @@
in a_[S5] 's hands because she _0 probably knows more about the history and wha- what _0
yes yes _0 exactly
what used to be _0 and er frankly speaking i also am not _0 too familiar yet or too much involved yet er _0
mhm
mhm
erm _0 into _0 korea
mhm _0
that 's why _1 maybe we will have also time to first of all _0 speak about your company
mhm
in order for me to get a _0
mhm
get a picture to know y- i mean _0 we have to come to korea anyway
mhm
to to to _1 to get deeper _0 in- involved in the market but i appreciate your your visit as a kind of first erm
sure _0
erm let 's call it _1
mhm _0
restart since last year was not the the _0
mhm
the best year er as i saw in the files maybe we can also talk about that
sure _0
erm _1 f_ja and then we will present you also the news for this year
mhm
mhm
of course _0 and _0 when is your flight _0 at _0
our flight is _0 seven twenty in the evening
seven
seven twenty yeah
so we should be at the airport _1 at the latest _0 five thirty
five
no _0
no _0 even later six
seven six six thirty
okay six thirty
it 's a small _0 it 's a small airport
mhm
so _0 it 's not it 's not frankfurt
yeah i was there okay @ @@@
@@@@
@@@ _0 you 've seen it basically where you _0 came out that 's the whole airport there
yah that 's the er _0 actually second time but er i _0 forgot that i have to walk _0 to the terminal _0 from the er from the airplane
airplane
okay
okay @@@@ _0
@@@@
@@@
@@ okay
there 's no
right
there 's no
yeah
right _0 right
for the
yeah
the next connected
a very very small airport
i know _0
and you 're going to frankfurt _0
we have to be er to be back at frankfurt _0
and then _0 frankfurt _0 or xx
three nights in frankfurt and er
oh another three s- still the fair or
yeah
be- because fair started actually er
yesterday
yesterday _0 but our whole team _1 except us except us
er today
toda- today they er fair starts
xx
hm
aha
a_[org1] is very important for us so we decide to skip one day
okay
the two of us
wow
@@ @@
another _1
seven _1
five people
seven _0
seven people _0
mhm
wow
from our company it 's er they arrived er yesterday _0
so and you do n't
we have to join them tonight _0 about ten o'clock
poah _0 so you do n't have any jet lag or so
@@
haeh
jet lag
because we arrived er paris _0
i am er in europe for
yah yah er wednesday _0
okay wow
w- we are in paris for two days
but what 's what 's what 's er the weather like _2
paris _0 cloudy windy
yah
yah and all rain
and in korea _0
korea when we left it was minus _1 about _2 three four
three four
wow
so you also have snow there
yeah sure
it 's freezing
yah
yeah _0
of course it 's pretty fun also
not as much as _0 er here but er we do have _0
yeah
four different _1 seasons you been to japan _0
no er no _0
you 're mostly in er _0 south-east asia right
i have been only to countries in south-east asia yeah
w- w- which one
erm thailand malaysia indonesia singapore philippines _0
thailand xxxx
vietnam
people over there _1 come to korea for skiing _1
really
yeah
yeah
and i
wow
@@ @@@ @ _0
@@@
@@
a- a- then ou- you understand er what the what the weather like er in korea _0
yeah but _0 korea does not have any skiers in the world championships yah _0
but we hosted _0 world
yah right
yeah
world cup ski event
right _0
so
right _0
we do n't have a great player but we do have good nice facilities
there 's a
@@@@ there 's a world cup place
right
okay _1 the giant slalom is taking place in korea i think _0 yeah _2 it 's always in the morning _0 you have to get up in the morning to watch that race
hm _0 so we were also
so would you like anything
er
@@
not _0 this time
not this time @ @
not at at at the moment er _0
okay
we 'd also tried to get er _2 to nominee er to to be nominated as the er _1 host country for _1 er winter olympics but we _0
xx
lost to
mhm
vancouver actually _0
mhm _0
vancouver
yeah in
canada
in canada _1
one of our _1 provinces
two thousand and ten i think
yes _0 yeah
yeah
mhm
because it was a big er opportunity for them _0
yeah because
that 's big province _0
austria was competing also for _0 having the olympic games then salzburg was
oh really
er really
mm
mm _0
so we also lost
next player
mhm
@ @@ @@@
it was just the same
we 're in the same boat
@@@ @@@ _0
@@@
erm and _0 since when are you distributing a_[thing1] _0 in _0 korea
er _1 i think it 's good _2 good three years xxxxx
xx ninety-nine
@@
ninety-seven ninety-eight
xxx xx
ninety-nine _2
it 's either
ninety-nine or
ninety-eight or ninety-nine yeah
ninety
ninety-nine _2
okay _5
ninety-nine _0
and
yeah _0 and l- let us
like milk
give you some _0
f_ist f_die f_milch f_eh f_genug
mhm
background
f_x f_xxx f_xxxxx
mhm
of myself and mister a_[S2/last] as well as our company
mhm
just as _0 as you _0 mentioned we have to _1 know each other a little bit better before we er
@@ f_xxxx
f_xxxxxxx _0
erm
sorry _0 xxxxx _0
i i joined this company _1 nineteen ninety-six
thank you
okay _0
but at the time i was _0 responsible logistics _0
mhm _1
er a- and i took over this er _0 management _1 early two thousand _0 january two thousand two
mhm
okay _0 erm _0 and the company started _1 consumer good business _1 er er nineteen ninety-five _0
mhm _0
er with _2 one or two er international brands such as er _1 er _0 a_[ORG3] writing instruments _0 you know a_[org3] _0
mhm
and we we we have some pet food _0 from states _1 those are _0 those were the two er items we start with then we added _0
mhm
er as time goes by we added er some famous brands like _1 a_[ORG4] _0
mhm _0 which you still have _0
which is er a- at the moment the biggest _1
mhm
revenue contributor _0 okay _1
really _0
yes this year _0 i mean revenue not the _0 bottom line
okay @@ @@@ that 's what i thought because oth- _0
@@@
er
xxx x _0
this year
actually the federal budget starts middle of the _0 year till the _0 second _0 er sept- _2
september
september to er august
mhm _0
and last year _1 er _1 this year it w- was of about _0 eleven million s_us _0
mhm general xxx
this is our sales
okay
yeah _0
also the the kinder surprise egg _1
hm
no no _0 er sur- surprise _0 kinder surprise no
okay
because of _1 f_xxxx _1
f_xxxx _0
we we er actually tried to to to do some activities in this area but sav-
mhm
er the infant _0 safety
infant safety issue
yeah
really
mhm _0
okay _0 so the- there is no kinder surprise egg in korea okay
no no
no no
they have a _0 a_[org4] is not _0 at the moment is not interested
mhm
because you know it 's _0 coated with chocolate
right
inside is a plastic
like a small
capsule with a _0 very small toy _0
right mhm
mhm
so children can _0 er eat that toy
oh
swallow er and that caused some _0
right
some safety er concerns
mhm
erm _1 anyway we do n't have er
okay
kinder surprise _1 er s- _0 so let me continue we had er _0 we added a_[org4] then we added _0 xxx a_[org2] _0 knives
mhm _0
er we also er a_[org5] _1 from germany
mhm _0
er _1
x _1
and other some er _0 other household ware _0
do you have different divisions like a confectionery division and a
yes _0 yes
mhm
so er a_[org1] is belongs to _0 er on a _0 lem- let me put this way _2 i 'm _0 responsible _0 the whole operation
okay _0
the consumer goods _0 as well as logistics _0 for logistics _0 we have a separate company _0 called a_[org6] logistics
mhm
xxx _1
hm
a_[org6]
yeah yeah
a_[org6] logistics
mhm
and mister a_[S2/last] er _1 i 'm bit er er we we we sh- share our functions
xxx
mhm
i 'm more for er _1 er p_strategitic planning as well as _0 er business relationship with our principal
mhm
er in the meantime mister a_[S2/last] he 's the vice-president of consumer goods _0 er he 's more of the operational _0 er side
mhm
so _2 in most cases he _0 make his own decision
mhm
okay but any stra- strategic decision he er _0 discuss with me
mhm
because i have another responsibility for logistics company _1 i have to look er into there er _0 a_[ORG6] korea er was founded er nineteen eighty-nine _1
mhm
okay
mhm
but as i mentioned our consumer good business started nineteen ninety-five
okay _0
okay _0 er we started our business with er _0 some p_technologic products _0 still we have _0 erm _0 technology business unit the a_[org6] group er is _0 er _0 made of three big _0 swiss _0 trading _0 cooperations
what does a_[org6] stand for
yeah
so all those three were merged er _2 in a time of time er span of of three years
mhm _0
so first merger was between a_[org7] and s- er a_[org8]
mhm _0
that was year two thousand _1 one
mhm _1
yes
ah there it stands anyway
mhm _0
hm _2 i do n't know
then er this a_[org8] a_[org7] group merges with er a_[org9] _0
mhm
er er last year _1
and now it 's a_[org6]
yeah
mhm
no no the year is two thousand two sorry two thousand two
two thousand okay
mhm
now it 's formed er a big _0 corporation called er a_[org6] _0 now it 's the the largest _1 er _1 trade- er trading er house
mhm
er in the region in the region means in asia
mhm
whole asia
mhm
okay _1 er _1 about forty per cent our _0 forty per cent of our our group revenue comes from _0 consumer goods and logistics
mhm _0
about hh _2 twenty-five per cent from our _0 er health care _0
mhm _0
so our competitor is like a_[org10] in swiss
mhm _0
and the other _0 remaining er thing from our er xx ingredient _1 er chemical _0 and er technology _0
mhm
okay _0 but again er consumer good is the biggest portion of our _0 group activity
mhm _1
er back to korea _2 hm i joined this company as a logistics manager _0 in nineteen ninety-six _0 and took over _2 er management er responsibility _0 january two thousand two _0 okay _0 he joined er june two thousand two
mhm _0
er my background is er _0 marketing _1 and i er _0 joined from a_[org11] _0
mhm _1
he joined company er he used to work for _0 a_[org12] _0
mhm
the korea mobile phones
right
oh yeah
he worked for a_[org12] _0 a_[org13] _2 and er some local er importing company selling _0 distribution company selling er er _0 cosmetics
mhm
that was his last _1 position
mhm
okay er
from cosmetics to sweets _1
@ @@ @@
@@@
@@
but we w- actually we handling so many _0
right
different products _0
right
er _1 for _0 cn- _1 confectionery _0 food items er we have two _0 divisions under him _0 one is called _1 er consumer food division _0
mhm _4
a_[S5] probably you have er our old file introducing our _0 our company you can refer _0 later
i have i 've certainly have
but
yeah i did n't bring _0 er that one _0 since it 's possible
xxxx x the file _0
s_cg is consumer goods
could be
mhm
yeah under s_cg there 's a _0 consumer food division _0
mhm _0 that 's food yeah
yeah mhm
er there we have two brand _0 er one is a_[ORG14] _0
mhm _0
the other one is er you know a_[org14] chocolate
f_ja f_ja
from er swiss _0 the other one is er a_[org15] that 's a probably second largest _2 second largest food manufacturer er from states
xxx
xx
x in one
is that of september two thousand and two
hm yes
have you one
i changed xx
a- anyway i 'll _0 send you by email a most updated er company presentation _0 when we go back okay
mhm _1 mhm it it _0 sorry
er
mhm
er it would be nice to have the the corresponding er _0 person
hm
whoever is in charge of
okay we will do that
mhm we will do that yeah
we 'll do that
is that possible
sure sure
okay
thank you _1 f_xxxx
mhm
f_xxxx
f_xxxxxxx
f_xxxxxx _0
a_[org15] is the er american company _0 which owns more than _0 forty or fifty er international brands _0 er h- like a_[org16] _0
a_[org16]
no no a_[org16]
a_[org16]
a_[org16] tomato ketchup a_[org17] _1
mhm
hhh yeah so many a_[org18] peanut butter
mhm _0
er you know the american foods
right
yeah _1 i er and s_ccd is er _0 er consumer confectionery _1 under them er we have er a_[org1] and a_[org4]
mhm
okay that division is headed by _1 a_[firstname2] a_[lastname2] _1
mhm
f_kennen f_wir f_den
i 'm not sure _0 well not personally unfortunately
yah yah
mhm
he joined our company er last year
mhm _0
erm
last year _0
june
june
yes
what is he division manager or a product manager or
he 's a division manager _0
okay
yah he 's a division a_[firstname2] a_[lastname2]
a_[lastname2] _0
and er before he handled a_[org1] _0 a_[org1] was handled by _0 mister a_[lastname3] _1 er mister a_[lastname3] was here er last year with _0 with us
mhm
a_[S5] right
mhm _0
now he er when we s- _0 launched this a_[org15] and a_[org14] last year _0 we decide to _0 er move mister _0 a_[LASTNAME3] _0 the previous one _0
mhm
to take over the _0 new responsibility for a_[org15] and a_[org14] _0
okay
okay _0 and er by erm _0 you know a_[ORG4] and a_[org14] is er somewhat _0 competitive _1 in some sense _0
mhm
so it should be s- separated er w- was the _0 conditions er we agreed with er a_[org4]
mhm _0
so there is now under mister _0 a_[LASTNAME2] the a_[firstname2] a_[lastname2] _0 and under mister erm a_[lastname2] is er _2 marketing staff er we call the product manager _0 er for a_[ORG1] _0 is miss a_[lastname4] _0 a_[firstname7] a_[lastname7] and so a_[firstname2] a_[lastname2] and miss a_[lastname4] is two _1 persons _0 at the working level _0 er who could be your counterpart _0
mhm
okay
okay
daily _0 correspondence _1 er whatever actually given to them _1 but _1
do we know them
im-
yes actually
okay
not not personally erm
but on email contact we have _1
hm
we 're glued
er
@@@
@@
on way
that shall change
on the on the way to here from the airport i already told a_[S5] that _2 for s_ism two thousand five er we 'll have _0 these two _0 to attend
mhm
and if possible _1 er we 'll also send them _0 of course with your with your er arrangements _1 er like you did for bring other people this year _1 er we 'll as- ask them to visit here to
mhm
look around factory because it was really _2 helpful for us last year _0
right _0
er after we visit here we _0 we can er er _1 know much much er better than _0 before
yeah of course and y- you know the
yeah yeah
the persons you know all persons
because we are yeah yah
did you go to hungary also or just you know
hungary
no not to hungary
what was in hungary
f_na there is our plastic factory for the dispensers
xx
er
er no no no no
time was too short unfortunately
mhm
so _0 we 'd like to here x
but visited we visited nice places around a_[place1]
we did a_[place2]
yeah
mhm
we visited a lot there @@
@@ @@
f_ja f_ja
mm
and i i _1 i learned that keppler is from a_[place1] @@ @@ @@@
keppler
oh keppler f_ja f_ja
@@@
johannes keppler right
@@@@ @
f_voll f_arg @ _0
how do you know keppler
then
know him _0 @@ @
yeah s_cdd means cons-
do n't know it either @@ @
@ @@ @
consumer durable division where we have er a_[org2]
mhm _0
er a_[org5] _0 a_[org19] _0 a_[org3] _0
mhm
and a_[org21] a_[org21] is a swiss er _0 pressure cooker _0
mhm
okay _0 s_fld stands for er fashion and lifestyle division where we have er a_[org21] _1 ladies ' _0 p_scuffing _1
hm _0 okay
for a_[org22]
for
a_[org22]
mhm
aha okay
@ @@@@@ @@@ @ @@
very very expensive product _0 then eighty per cent for a_[org3] the er woman 's hair act service
yeah
mhm _0
then we er recently started _0 a watch _1 imported from swiss _0
mhm
the _0 the a_[ORG9] is very famous for watch distributor _0 they used to er distribute _0 er a_[org24] _1 a_[org25] _2
xx _0
er m- many others er product
mhm _1
then er we also have _4 er
a_[org26] _1
the s_fs f_xx _0
full service
full service _0 where we have er a_[org26] _0
service
mhm
coffee from germany so we sell machines _1 beans _0 coffee beans filters _2 w- we 'll do some er bakery er er er m- m- _0 material er sooner or later _0
mhm
the last one is our duty-free team _0 where we also sell some product _1 to the duty-free shops downtown _0 in flight _0 er _1
a duty-free shop downtown _0
okay
downt- er the there 's a duty-free shop in downtown like hongkong you know if you go to hongkong there 's a duty-free shop at the downtown _0
yeah
mhm _0
also in the airport _0 right
mhm mhm _0
and also some based our duty-free items in international flights _0
okay
mhm
so we handled a_[org3] and er a_[org23] _0 the fan accessories _1 th- through our duty-free er operation _0
mhm
that 's about our er organization _0 er overall _0 sales turnover this year is about _3 hh one moment _1 xxx _3 it 's about _0 thirty-five million _0 s_us _1 for consumer goods _0 total
mhm _2 quite an impressive operation _1
our whole group a_[org6] is about er they own about _0 sixteen thousand people _0 er all over the world mainly in asia _0 and er and in europe _0
mhm
including australia and er new zealand _1 and er the turnover is _3 hhh f_xx _0 f_xx
f_xxx
f_xxxx _1 f_xxxxxx f_xxxxxx
f_xxx _2 f_xx _2
it 's about _0 four hun-
er five hundred _0 million _0
hm _0 f_xxxxxx f_xx f_x f_xxxx _2 hh maybe _3 always _0 difficult to convert
five
five billion _1 five billion _0
it 's about four billion s_us company
mhm _0
four billion s_us dollars _0
quite impressive _0
er a_[thing1] f_xxxxxxx _0 i understand some other countries in the asia _0 we handle a_[thing1] _1
really
pardon me
some _0 some other region in a- a- some countries in er indonesia _0
f_ja _0
s- i i i s- thought some of our affiliated company handles a_[thing1] no _0
indonesia
no
no
not in
we are the only one
yeah i had once a meeting with a_[org9] in _0 in singapore we were talking about _0
yeah
vietnam _0
mhm
because er they are somehow affiliated with _0 the a_[thing2] 's distributor
yes yes yes
in vietnam and we want _0 we contacted them then for _0 but it actually it never really
okay okay _0 i totally _1
worked out
understand
well _3
okay _2 quite impressive and you started _0 with a_[thing1] ninety-nine _0
yeah ninety-nine ninety-eight either _0
yah hh
sure
and actually the development was _1 pretty good with a very good year in two thousand and two _0
mhm
and last year was _1
er last year was not
disaster
not satisfactory even _1 to ourselves _0
yeah
and we brought some er _3 presentation material _0 for you
mhm
it 's okay
@@@
we 'll we look together
we always share
@@@ _2
and if you allowed me about _0 let 's say _2 an hour we can go through because
mhm
it gives you er as as the contents shows you
yeah _0
the market overview er what was the korean ecommu- economy looked like _1 in two thousand three and er its outlook for this year _2
mhm _0
then er we can go over to er _0 year two thousand three business review
mhm
mhm _1
what was our target and what was our achievement _0 and what was _0 the problems _0 and what actions we _1
mhm
er took
okay
and the last _0 last one is the business plan fo- plan for this year
mhm
our objectives and strategy _0
mhm
an- er and w- we do have some s_a and s_p er summary
okay _1
is it okay that i _0 go with this presentation okay okay yeah mhm _4
please _0 please f_ja
er _1 before we start erm _1 page twenty-three is missing _0 okay but it 's not _1 that important thing _0 er of c- and there 's a _0
mhm
we made some _0 er _1 cohe- correction _0 here and there
f_ja
because we _0 really er ran out of time but _1 my plan is to send you the er finalized one _0
mhm
er right after we go back _0 via email _0
okay
okay _2 i er _0 like to have your _0 understanding _0 i 'm at- page four _1 er this is e- our economy situation _0 from year two thousand two and also the forecast for this year _0
mhm
as you see the top _0 line the er er _0 s_gdp growth _1 er last year was really bad from six point three percenta- percentage of _0 per cent of er year two thousand two er _2 in the last quarter of ye- year two thousand two _0 er most of the economy -ic er institute they forecast the economy will be quite okay
mhm _0
in year two thousand three but actually it turned out to be _1 er not as good as er we expected
mhm
major er _0 cause could be er _2 there 're some but er _0 sars was also not the major one like er to er to other asian countries like er china hongkong but _0
mhm
yeah yeah
korea was also bit er _1 influenced
mhm _1
because we lost lot of er tourist _1
right
mhm
they know- they
then also the conflict with north korea right _0
there was also our _0 continuous conflict _0
yeah _0
of course it is international _0 concern of their er nuclear development
right _0
that also er _0 a bit _0 impacted _0 also there 's a erm erm individual _1 credit crisis that means _0 the government to er _0 government used to _0 er _2 be er _2 the er _0 you know government used to _0 er allow _0 bigger spending _0 for er es- especially the young generations _1 to revive the economy but actually that t- turned out to be a _0
mhm
wrong decision because people _0 er spent too much money without proper planning _1
okay
that bring er
they could 've bought a_[thing1] _0
mm @@
@@ _0 @ @
that actually brought er er _0 that er crisis
mhm _0
for each individuals _1 so y- _0 the young generation used to have er _2 five or six different credit card _1
mhm
they spend the money _0 when the bill comes _0 they use the other credit card to
yeah
pay that one
yeah
like a chain reaction so that you could _0
right
you know she has to _0 pay _0 er the the last money anyway
right
yeah with interest rate
right _1
so er also the _0 the korean er _0 politics _1 any er government er policies for economy _0 was not that effective to er solve _0 er deal with the problems _0 but that was what happened year two thousand three so _0 er that really result in er _1 i- less confidence among consumers
mhm
so they do n't eager to spend money because _0 future is a bit er _0 er not clear
mhm
yeah
excuse me how many people live in korea
er about forty-five million _0
forty
it 's forty-five million
forty
forty-eight forty-eight _0
poah
f- forty-five
forty-five
really _0 wow _1
@ @@ @@ @@@@ @@@ _2
@@@
wow
xxxx
wow
in s- south korea or _0
in south korea
in south korea _0 north korea we do n't know exactly how many because they _1
poah
right
many of them starve to death _1 but er we believe that there are less than er about seventeen to eighteen
mhm
million _0 er if the their government keep _0 feeding them _0
wow
@
forty million _0
but they 're also our future consumer you know when we get er unified
@@
right _0 right
er
yeah but that will take _0
@ @@@@@
a couple of years right
nobody knows exactly when because has been _0 that situation for _1 half century already
mhm yeah we have i mean on a small scale that _0 kind of situation here in europe _0 with cyprus _0 cyprus is an island also the turk- and and the greek side yeah
er yeah sure turkey yeah turkey and greece
mhm
and _0 the the greek the greek side is now joining the european union
but
i know i know
and now they are discussing about very fast to get reunited _0
mhm
but our situation is more er
yeah yeah i know it 's more difficult right yeah
historical
and more difficult
right _2
er _2 our economy er w- we rea- we wrote _0 read very int- interesting article xxxxxx
yeah _0 right _1
i just _0 t- just took the magazine from the aeroplane airplane
@@@@ @@@@
@@@
without er _0
permission _0 @
without any er notification _3 er this article er is about erm _1 the concentration of economy into metropolitan _0 capital area
mhm
okay _3 okay hh _2 roughly sixty p- over sixty per cent of our economy is er _0 concentrate in the capital area _1 which causes a lot of issues and problems _0 you know seoul is _1 city of _0 about _0 twelve million _1 people
twelve million
yeah _0 a bit smaller than er beijing i think _2 erm _0 it 's very _0 it 's quite _0 quite large _0 city _1 er with a more than one million cars on the street _0
i would n't have thought that
poah hh _1 wow _1
okay _0 er anyway that 's the center of our _0 economy culture _1 politics _0
mhm
so basically er _1 any occasion _0 er _0
and also sales _0
also sales especially _1 for the imported products like er _1 a_[THING1]
mhm
er our sales er i 'd say _0 three quarter _0 more than three quarter _0
mhm
seventy-five per cent _0
mhm
is consumed in er metropolitan seoul area
mhm _6
so that also has some implication for our distribution coverage _0
mhm _1
er so far we er concentrate in er er metropolitan seoul area _1 anyway let me let me go through
f_ja f_ja
okay _2 er _1 year two thousand two our _0 er gross national income er _0 i think this is per per capita _0 it 's about _1 well _0 f_xxxxxxxxx
f_x
w- was about ten thousand s_us _2
okay _0
er _0 before economy crisis which occurred ninety-seven er _0 we really we could reach _0 twenty thousand s_us very easily _0
mhm
but actually that was our our _1 our _1
mhm _1
hope _0 er because of exchange rate er now we expect that we will reach on a again twenty thousand s_us _0 within the next two two _0 two _0 two to three years
mhm _1
unemploy-
x
u- unemployment rate is quite stable er it 's about
hm
three per cent _0 but no- er because last year _0 economy was so bad _1 there were many er _0 er people _0 who could _0 not find job after _1
a higher education like college or university
mhm
mhm _1
the trade side _0 er our export er however interesting thing is the our export _0 actually recorded heist _0 er quite recently _1 so er _0 the main _0 er items was er _1 automobile _0
mhm _1
and er
xx mobile
the mobile i mean the the _0 s_it _0
mhm
especially the er _1 er er communication er
mhm
we sell a lot of _0 a_[org12] mobile phone er item
mhm _1
erm so we have some er surplus _2 trade trade er surplus _1 consecutively from year two thousand two we also expect some er this year _3 er exchange rate _1 against euro _0 this is bit er issue we have at the moment _0 er our _2 korean won is er depreciated _1 er _0 substantially because the euro _1 er is very very strong
mhm
okay _1 er it was fifteen thousand er sorry fifteen hundred fifty _0 almost fifteen hundred er _1 hh third quarter of last year it was about _0 thirteen hundred _2 twelve something _0 twelve hundred something i mean _1 so within er _1 three or four months time _1 the euro er _0 went up almost _2 twenty to twenty-five per cent _0
mhm
that also er is a pressure for us _0 to _1 to maintain er our position
right _1
that 's a bit _0 our
but
economy okay
one fourteen s_us dollar euros _0 are n't we now at one _2 twenty-seven already
uhu _2
haeh _2
er
maybe
this is if you look at this is a
it 's different
s_lg economic research institute referred to november last year so
aha i see
year two thousand four is more of the er forecast
but that
forecast
mhm we have
yeah not the actual
yeah
mhm
you have to change that because _0 one euro is _1 one _0 dollar twenty-seven _2
hm _2
so this is not er the real er number but a forecasting number back back to november okay
xx
forecast
mhm
xx
xx
you have to change that
yeah _3
one dollar you get _0 at one euro you get one dollar twenty-seven _0
right
right now at this time _3
er page five is the er _4
i think is the descriptive er part of what i have just explained _0
mhm _1
okay er _8 i think that 's just a repetition of what i have just explained _0
right
now i 'm pages _2
some more water
yes
yeah _0 f_xxxx @ _7
i 'm on page seven _0 with some er _1 comparison chart _2 between er year two thousand two _1 and year two thousand three _2 there is a result _0 er _1
mhm
the unit here is er _1 coffee no _0 unit here is er _1 er that 's _0 skin card _0 based on skin card _1 er _1
so the the dispenser not the _0 candy _2
dispenser
dispenser _0
er _1 average monthly sales _1 year two thousand three was _1 about twelve thousand five hundred twenty-three _2 however this is the minus sixteen per cent _0 in terms of growth rate compared with er year two thousand two _2 okay _0
mhm
and this chart shows you _0 er what has been er wha- what was the er our monthly fluctuation _1 as you see there 's some peak in april _0
mhm
because we have children 's day
mhm
right _0
like _0 i think japan also has a children 's day i do n't know whether it 's may or _2
hm
i think yeah _0
yeah but er children 's day in korea is er fifth of may _0
mhm
so april we do er some peak sales _0
mhm
er for the pr- pr- preparation of er _1 er may fifth which is the children 's day _0
do we have children 's day no
no
in japan _0
no we do n't have
oh
you do n't have a you do n't need a children 's day
xx
hm
we only have mother 's day
children 's birthdays
er every day every day @@
it 's children 's
children 's day every day
every day is children 's day
-ren 's day
right _0
@ _0
@ _3
you have mother 's day _0
yes
yes
but er we have
father 's day as well
father 's
where is the father 's day father 's day also
yes
yeah o-
sometime in june _0 and mother 's day in may
we have _0 we have just one parents ' day _0
oh
hm _0 good
nice as well
so you do n't have to make a double spending
okay
okay
@@@@
@@@
right
but normally i have to say _0 mother 's day is celebrated _0
mhm _0
and father 's day is
is _0 missed most
much less
ah @@ @@@@
ah
it 's not that important
it 's always the girls that get celebrated
@ @@ _2
er _1 also i 'd like to make c- comment that er _1 a_[firstname1] was _0 he visited korea _0 er _0
march
march
march sometime in march _1 er and we had a very er good discussion _1 er and er we agreed to _0 do some active er activities _1 in convenience store _1 er but er i shall explain later but _0 that _0 we d- actually we did _0 to to try to list our i- er product _1 in in con- convenience store but actually _0 that was n't er successful _0 because we have lot of _0 returns _1 er from convenience store that means _0 the a_[thing1] _0 er in korea _0 in convenience store _0 was not successful as we planned
in what packaging _0
erm mo- mostly _0
x _0 xx
skin card
skin
and xxx
what twelve _1
f_xxxxx _0 xxx
yeah _0 yeah yeah _1
of course i- i- i- if we talk about _0 convenience store there 's very _0 limited erm shelf space _3
and the _0 the xx xx is er twenty _1 twenties _0 age of twenties _1
of er yeah
yeah mhm
and mostly female
yeah _2 so you need to have the right er general fortune
so because s_cvs the mo- frequent visitor of the s_cvs _0 is the er generation with age of
yeah
hm okay
twenty
mhm
so it 's not a loca- i mean place _0 for the children to visit _1 buy a_[thing1]
yeah
okay _0 so a- anyway it was er _1 a good learning from us _0
it did nothing _0 have to do with the packaging _0
no _0 of course there was er some pricing er _1 pricing er barrier _1 erm _0
in convenience store _7
convenience store we 're talking about like convenience store is like a_[org27] or
yes
yes yes yeah _1
mhm _0
er _0 but let me continue _0 if you look at _0 the monthly sales starting from july _2 up until even november _1 we 're really er our performance was not _0 good com- even compared with the year two thousand two _2
mhm _0
er _0 that was also er er convenience store is _1 is part of this result _0 because we pushed a lot _0 and actually it it _0 the convenience store did n't _0 er sell off to the consumers then it really _1 come back to us as a a return goods _0 and also there 's some _0 er postpone- _1 postponement of er delivery from your side so we had some _0 little little bit of out of stock situation er
for four months or what
not four months but er _0 er
i think it was just one time er _0
one time
one time d- _0 one time delay yeah
mhm
anyway _0 that _0 with a er _1 the _1 that was not major er er contributor for er thi- this poor performance that er er that 's what happened er last year _0
mhm
in overall sense _0 okay _0
yeah bec- in the last minutes of meeting there was like in convenience stores a hundred fifty of six hundred fifty a_[org28] stores carry a_[thing1] at the moment a_[org29] will be the next approach total five hundred are targeted
yeah
mhm
mhm _2
erm _3
f_xxxx
is _0 so we are s- _0 still in the a_[org28] stores
xxx _0 yeah _0
yeah
yes _0
in hundred fifty of six hundred fifty or
i do n't think so maybe _1 hm _0 at about forty to fifty per cent of a_[org28] _0 xxxxxxx yeah
fif- fifty per cent so it 's more than
three hundred
yeah
i- i 'll give y- i 'll i have er
xx
f_ach f_so
xx
more detail information _0
okay
yeah in the later chart
mhm okay
okay _4 so er if i _0 summarize _1 what we have _0 achieved _0 in two thousand three _1 er by product er category _2 erm _3 the value here is the million korean won _3 er _1 our general target year two thousand three was about _1 we will increase about forty-seven per cent compared to year two thousand two in terms of value _0
mhm
but actually we ended up with _0 hundred thirty-four _2 so it is minus twenty-one per cent _0 in value _1 er
yeah but from our side it was minus seventy per cent how is that possible _3
xx _4
from two thousand two turnover to two thousand three _0 minus seventy
you mean the our purchase
you know xx
right
yeah also this _0 xxxxx
f_ja f_aber f_ich f_rede f_davon
f_ja f_ja
seventy per cent
xx
seventy seven zero _0 per cent
no
mhm
er skin card _1 was minus sixteen _1
mhm
and refill was minus fourteen _1
mhm
and in practice we started er _0 quite reasonable _10 we started into active product from er october er last year for the xxx
mhm _0
er _2 so the er sales achievement is quite poor _0 meantime we spent actually _1 er over thirty-eight per cent _0 of our budget for the s_a and s_p _1 which is the er our target was _1 twenty-seven but actually _0 er we 'd _0 used up er _2 er twenty-seven million but we used about almost thirty-one million _1 so we spent about _1 er _2 fifteen per cent more _5
what did you what what what excuse me
s_a and s_p _3
f_xxxx
n-n
xxxx
of twenty-three per cent _0 of your sales you spent in s_a and s_a and s_p
yes _4 hm _1
because our sales is quite low
okay
yes _1
right
@@ _2
right _3
if if you look at the top line our original target was _2 two hundred fifty million won _0 er but we achieved _0 only fifty-f- -four per cent of our original target that 's why _0 the percentage wer- er s_a and s_p percentage _0 against sales
mhm _0
almost more than double _0
right
from ten point eight _1 of our _0 plan to _1 twenty-three point two as a as a actual _0 okay _6
hm _6
and the interactive _0
interactive we started only er started from october two thousand three _0 okay _21
okay
yeah yeah
xxxxx _7
now er by character _2 er _4 the er _3 let 's look at the one by one loony toon _2 er may er account for nineteen per cent of our total sale _3 simpson is twenty _2 er _0
mhm _0
walt disney eleven _2 and mister bean fifteen _0 jungle book twelve i and the others are quite er
mhm _1
er the minor _1 okay _2
hello kitty _2
hello kitty is er _0 five
but _0 because that was successful all over asia _1
mhm hm _0
and we had targeted also fifty thousand pieces
yeah that was our original plan _0 yeah because hello kitty is quite well known _1 quite known in korea
yeah
right f_na all over asia
yeah
mhm
that 's why i _1 kind of wondering why
i li- er i have to check when we started a- the _0 response from the cons- _0 consumer is quite good
right
i think we started late
probably we s-
late yeah
we launched it quite late
because in hongkong we got the a_[org27] listing because of _0
mhm
erm hello kitty right _0
so in summary the er er _3 three major _1 er figure _0 character _0 is loony toon _0 er walt disney _0
winnie-the-pooh
and er jungle book _2
winnie-the-pooh _0
yeah
no winnie-the-pooh is just seven _1 mister bean er _0 although we _2 pushed a bit
xxxxxxx xxxxx
but actual uptake was not achieved _0
mhm _0 okay _0
also _0 the children _0 they do n't know _0 much about mister bean
mhm
mhm
okay _1
and simpson _0 figure
hm
simpson _1
yeah but mister bean was n't
the children does n't know
ah
was not planned anyway right _0
xxx
xx _2
w- what _0 sorry
mister bean was not planned anyway to be launched
yeah yeah
as far as i see
exactly _2
actually the only thing i
actually we sold it but many of them are returned
right
mhm
okay _0 so _0 uptake was not good
mhm
xx xxxx
the other three loony toon _0 walt disney _0 and jungle book are still steady seller _2
loony toons
yeah of course _0
loony toon walt disney and jungle book
walt disney
excuse me do you have for the different assortments always one bar code right _1
xx
er _0 one bar code for all assortments
yeah _0 it 's always the same bar code for all assortments
yeah for _0 one dispenser plus two refills it 's the same bar code _1
okay
as far as i know _1
er we got in hello kitty again the response is so far er so good _0 so er we have some er _1 some some er expectations _0 for hello kitty er of course i 'll give you more er details of our learning _0
mhm
from last year especially the er what _2 we have to _0 er do for year two thousand four _0
mhm
but hello kitty was a bit er early to say but it looks like _0 it will be quite successful _0
mhm
er character _0 okay _6
mhm
of course this er share of _0 business and variation is based on value i 'd have some _13 okay the _0 next one will be quite er more analytical _1 over er _1 on our sales _0 result _0 per _0 distribution channel _1 okay _3 so _0 we have here _0 convenience store department store a_[org30] _2 hypermarket like er a_[org31] a_[org32] _2 a_[org32] is local one _0 and also _0 general trade _2 er bakery shop we do we do not have any er _0
mhm _0
sales outlet _0 and special outlets here er is like er _1 er a_[org33] a_[org33] er is the family restaurant _1 owned by a_[org34] _3 okay _0 so if you look at er s_cvs _2 there 's a _2 er _1 increase from may _1 the sales er increased from er dramatically from april to may and maintained _0 er quite a good number _2 in june _1 july and august then dropped dramatically again from september _0 and october november even december there er is some minus number _0
mhm
er it it is _0 as i mentioned _1 er when _0 a_[firstname1] was in _0 korea in march we agreed that _0 we have to do something for the s_cvs _0 because we thought some opportunity there _0 so we really push _0 so we listed products _0
mhm
after _2 couple of months _1 when there 's no er uptake _0 occurred _0 the s_cvs head o- head p_headquarter _0 asked us to _0 er return er the the collection of return goods so that 's why why the number looks quite good _1 for _1 almost four months _0 then all of a sudden _1 the number dropped dramatically from september all the way _0 to the end of
and that 's for sure the packaging with the _0 plastic _0
i think so _0 f_xxxxxxxx
but why would we launch this _0 this _0
f_xxxxx
this packaging _3
it was a skin _0 skin p_wobbler _4
yeah
yeah
this one _0
yes this one _0
and the packaging
yeah yes your present one yes right
cos usually for the for the convenience we have that that licensed impulse carton that 's why i 'm wondering _0 why _0
f_vielleicht f_war f_er f_zu f_breit
why _2 why you _0 went with the _0 the plastic _0 tray
oh _0 okay _2
because this plastic tray usually is not the _0 best packaging _0 since er it 's very _0 difficult to merchandise if you take it out you will never
yeah yeah f_xxx
hm
f_xxx _2
f_haben f_wir f_ueberhaupt f_noch f_einen
f_xxx _0
f_nein f_xxx _2
f_ich f_weiss f_nicht _4
we we get one sample of that impulse carton
well if you go to er _1 s_cvs there are _0 p_multi-layers of shelf _0
mhm
okay _0 er to put _0 this kind of _0 high _0 display _0
xxx
yeah so is it on hooks in the _0 in the s_cvs or _0 is it in the _0 in the cartons
it 's in shelf _0 but _0 x
it 's lying in the shelf or or
it 's lying on the shelf
it 's lying on the shelf
aha
and the shelf height _0 is quite limited
mhm okay
okay
so _0 the best location for this is a top shelf _1
okay
the top shelf is really tough _0 to get
mhm
we have to com- _1 compete with er the others
mhm
er where er which also want to that spot _0 to have that spot
sure sure
mhm
unless we have some _1 good reference _1 of sales
right
they do n't give _0 that spot to us so _0 many cases _0 cases we end up with a in the middle or or the bottom
mhm _0
then this _0 because of the height _1 er we fetch we u- _0 er actually in most cases should be er without _1
xxxx
so that 's why we use the plastic er which is er this this low low item
mhm but _0 again _0 that i understand it right _0 the products are just _0 lying in the shelf they 're not hanging on a hook _0 they are just lying _0 in the in the shelf _0
hm
f_xxxx f_xx
f_xxxxxxx f_xx _1 f_xxxxxxx
f_xxx f_xx
this one _1
aha this one you have
yes _0 we made er _0 maybe around _0 september _0 or october _0
mhm
f_xxxxxxxxx _2 f_xxx
f_xx f_xxxxx _5
here you are _1 on page seventeen _3
xxxxx
ah yeah _3
er
xxx _0 xx xxx
mhm
yeah _0
and this _0 is the presentation for the convenience stores _0
er convenience store as well as supermarket
supermarket
for multiple purpose _0
mhm _4
we made about _0 three hundred
there are so we made this er this er _1 er display maybe around _0 oct- maybe october or november
mhm _0
so _0 we are now starting _0
hm _3
because we realized that the _2 visibility of this product is really important
right _0
and er in many cases _1 the location er the a_[org1] product _2 is found _0 is er is a mid- _1 middle er mid- m- _0 p_mid-level of the shelf or the the the low _0 the lowest _0
mhm
where the visibility is really where visibility is really er low _0
right
and so we decide to _1 make this kind of a special er display _0
mhm _0
so we can er _2
it 's there
yeah
you get it
that one
yeah
yeah
this one you know
mhm _0
yeah yeah _0 so we can er persuade er the er s_cvs store okay
mhm _5
f_xx _0 f_xxxxx
mhm _4
er the ne- er department store _2 er i just see er there 's some peak _1 in april and october _1 and december _0 er we _1 learned that depart- at er for the department store _0 distribution _0 er only _2 the children 's day and christmas there 's er some peak but _0 o- other than that _1 the sale is just _1 er quite stable and low _0 okay
mhm
a_[org30] _1 er during month of may till _0 september there 's er almost none because _1 we had to concentrate _0 into s_cvs okay _1 so the- there was some trade-off between s_cvs and a_[org30] during the month of may _0 till er august _2 but _0 from november _0 there 's er some er sales again _2 er by that time we er concluded that s_cvs is not a _0 a best _0 er solution for us _1 so we change our er _3 distribution er target _0
mhm
more to
er _1 where _0 also we _0 fight _0 for shelf space _0
mhm _0
but _1 these er local products _2 which is not exactly same concept as er a_[THING1] but _0 some candies with some er toys _0
mhm _0
selling between five hundred to six hundred korean won _0
mhm
whereas our retail price is er fifteen hundred so it 's only one third of our price
mhm _2
so hh we sold a lot _0 with some promotion activities in hypermarket _1 but hypermarket we have to _0 fight with _1 local product with a very er _0 low price
mhm _7
er _0 general trade xxxx _3
xxxxx
the general trade is the the _1 candy shops
tra- traditional _0 channel
traditional channel _3 er a bit looks for sure quite a fluctuation there _3
but so far we had in all _0 channels _0 increases right _0
er
in total _4
so er _1 we see some er potentials in hypermarket and general trade _0 okay _0
yeah but those twelve per cent in s_cvs does that mean _0 we increased _1
twelve
twelve per cent in s_cvs
no no that 's the er
general
oh it 's general share
yeah general business
okay
hm
again er the major contributio- -butor _1 in terms of _0 er value _0 er among our sales _0 outlet _0 are _0 those two so hypermarket and general trade
mhm
with er thirty-seven and _1 thirty-one per cent _2
general trade er _1 you sell directly to or wholesalers or
wholesalers
to er
wholesalers
to wholesaler _0
mhm _3
and it 's true that there was some change of our organization er last year _2 er if if er a_[S5] remembers well er _0 as i er explained to er mister a_[S4/last] er earlier today _1 that we changed er _1 division _0 manager from mister a_[lastname3] to _0 a_[firstname2] a_[lastname2] _1 a_[firstname2] a_[lastname2] took over er as of _0 september first was that september _0 first of october
er augu-
september okay
but in the meantime of er august
yeah he was a product manager _0 er used to be handled by a_[firstname5] _0
mhm
before a_[firstname6]
from _0 before a_[firstname6] er
yeah a_[firstname6] to a_[firstname5] a_[firstname5]
a_[firstname5] yeah
there 's er some er frequent turnover _0
yeah xx
for the product manager for _0 er a_[org1] _1 we did in er less than one year time _1 from a_[firstname6] to a_[firstname5] then now
a_[firstname4]
a_[FIRSTNAME4] _0 a_[lastname4] _1 er so that al- that was also cos erm
xxx xx
not smooth er internal _0 er operation as well a- as well as understanding of market
right
to be true
to be frankly with you
f_ja f_ja that 's _0 that 's clear if you change the _0 product managers _0 frequently then _0
yes _0
cos everybody needs time to get into the business and once he 's into _0
that 's yeah
another change so
mhm
er
but this one is now _2 a_[firstname2]
j-
a_[lastname7] _0
a_[lastname2]
a_[lastname2]
yeah
a_[firstname2] a_[lastname2] 's divi- division manager
division
f_ach f_so f_okay
and a_[firstname4] a_[lastname4] is the er the er product manager
okay and f_sie _0 she 's here to stay _1
@@
@@ _1 f_oder f_auch f_nicht
or
@@ @@ @ @
f_oje
is she not
oh-oh _0
oh-oh _0
oh-oh
we _1 appreciate these two a_[firstname2] a_[lastname2] and a_[firstname4] a_[lastname4] it 's really _0 er er important er _1 staff of ours
mhm _0
er and w- they are really _1 er dynamic _0 and challenge _0 er for their er success because _0 those teams are also _0 er handles er a_[org4] and a_[org4] is really _0 successful brand er we have _1 okay
mhm _5
and a_[firstname2] a_[lastname2] knows the er a_[ORG1] very well because er _0 er he has been in _0 england for _0 from _0
he was raised in er england
in england so
with er also
it 's a big friend there right
yes right @
he knows er
@@ @@
a_[org1]
@@ @@
from his childhood
from his
@@ @@
childhood okay
childhood dreams
right
so she 's very sure @@@ to to promote er the a_[ORG1] business
xxxx
mhm _0 okay _1
the next one is er _1 our _0 year two thousand three sales _0 by er major account _2 er the s_CVS _1 we have _0 three major _0 a_[org29] _0 and er _0 a_[org30] which is owned by a_[org35] _1 and a_[org36] _0
mhm _0 so a_[org27] is not there _0
a_[org27] no
okay _2
er _1 a_[ORG28] as you see we did very _0 actively from _0 february _0 till er march _0 then we start to have some _1 er continuous return _2 same as a_[org29] _2 and a_[org36] _0 xxx xx _0 xxxxxxxxx _0 think it was n't _0
xx x xxx xx _0
hm _0 and and and er a_[org36] which we started may we _0 er could n't sell more _0 to them _0 while we have n't started to receive returns which is not a good news again _2
mhm
er _0 among the department store a_[org37] is our major _0 client _2
erm _0 excuse me
yes _2
and approximately _0 how many outlets do they have _1
which one
a_[org39] _2
i think two _1
two
department department store yeah mainly in junct- main _0 department store in downtown _1 junction yeah _1
then _3 a_[org29] approximately five hundred _2 or _0
hm
a_[org31] will be the next approach that will be xxx
f_xxxxx f_xxxx
f_xxx _0 f_x
well that 's the er _1 total number of their _0 shops
mhm
but i _0 did n't bring _0 how many we actually listed _0
mhm
because _0 that does n't _0 automatically mean that we cover _0
all
all of their er shops you know _0
their
their shops many of them are loc- _0 located in the er _1 p_out-seoul _0 in some er regional area _1 where our product er is not _0
yeah is there like a a _0 a central listing and you del- deliver the product to central warehouse
yes
yeah
yes yeah
and there
hm
is a p_planogram
mhm
in the shop
sure but er _1 their head office decide _1 the merchandising of _0 each er _0 so every store does n't have a same product because of the
mhm
purchasing power _0 and er the purchasing pattern is _0
right
somewhat different from er _1
yeah
those stores
mhm _4
then a_[org30] _1 er a_[org38] er er is the the major one _1 hypermarket _0 er a_[org31] _2 and a_[org32] er those two _1 other
how many _0 how man- _0 know how many a_[org31]s there are _1
probably about
thirty-one thirty thirty-one
thirty a_[org31] f_xxxxx
not _0 not all of them
again not all of them er have a_[org1] products
really _0
no _2
okay
and a_[org32] is about _0
sixty-one
sixty-one stores _2 er maybe i- it 's worthwhile for us to _1 give you _1 how many out of those _1 er er stores we we listed
mhm
maybe we can give you er
like how many
yeah
s- stores of each chain there are and how many
mhm
yes yeah
yes yes _0
yeah
we will give you detail _1
and because i r- i read here in the _1 in the last minutes of meeting from a_[firstname1] _0 wi- _0 the meeting with a_[firstname1] last year
mhm
mhm
with ha- a_[org39] _0
a_[org39] yeah
a_[org39] super _0 the full listing in forty-nine stores _0 still exists _1 but there has not been _0 any sales this year _0
hm _1 aha _0
so i guess we lost that listing f_oder
so tha- that was er year two thousand three _1
yeah last march _2
report
right last march
and erm _0 okay _0 i 'll check _13
okay
one moment
hm
sure sure
just a moment _1 only the sales in a_[org38] according to the level of listing in a_[org39] _0
no sales
no sales for forty-nine supermarkets _0 oh the listing exists but there er was no sales
hm _5
the full l- _1 listing exists _0 but there was no sales to the forty-nine supermarkets
mhm mhm _4
f_xx f_xxx _0
f_ja f_wir f_haben f_eine f_listung f_aber f_das f_produkt f_ist f_nicht f_im f_markt
f_ja f_super _1 f_also f_das @ _1 xxxx xx
yah can you check on that please
yes
yes _1
okay
so _0 er then general trade and er specialty market er _1 have some contribution there _0 again _1 er _1 also we _0 can learn from this _0 statistics _1 that hypermarket _0 and _1 general trade _1 er accounts for _0 more or close to seventy per cent _1 is it seventy _2 yeah about sixty-eight per cent of our total _1 er sales
of course what _0 would be interesting here would be the comparison to the previous year
mhm
okay
like in what chain _0 did we
mhm
mhm
increase decrease _0 i mean is the problem in one _0
mhm
chain or is it like _0 through all the chains
mhm _25
er _3 on page twenty-eight we have _0 that _0 that much _0 detailed level but we have some summary of er _1 comparison
mhm _1
mhm _6
not in store but the sales _0 number of number of stores okay anyw- anyhow _0 we will er _0 provide _1 the information you _1
hm
mentioned
cos then we can really see
yeah sure
sure sure sure
in what chain
mhm
happened what _2 and m- _0 if it 's _0 minus that means returns
yes
yeah _1
so poah
@@
yes _2 a year _0
so that means a_[org38] for instance they got the last delivery in april _0 then one two three four five months _0 no delivery _0 and then they returned _0 the april delivery _0
mhm
i think a_[org36] we started listing er from no
no a_[org38]
er a_[ORG38] okay
oh a_[org38] yeah
yeah yeah yeah yeah yeah yeah _0 because for _0 for one two three four five months _1 er we fight with them _1 we persuade them okay le- let 's see and wait and they 'll
mhm _0
mm
they keep calling us _0 hey mister xx
i have to tell you we focused on the hypermarket and general trade
yes yes
mhm _0
that 's that 's another reason _0
yeah _0
_1
but start to receive the er return goods from october _0 quite a lot _2
wow _4 hm
okay _3 page twelve is er just a _0 graphic _0 of er our top five clients _0
mhm
a_[org31] a_[org32] a_[ORG32] is a local er hy- hypermarket _2 a_[org38] a_[org36] and a_[org29] _3
mhm _0
okay starting from page thirteen _3 er what _0 er those er _0 we listed _0 what _0 we saw as a issues _1 and er what was the action we _1 took _1 to c- _1 to er correct our input _0
mhm _0
er we saw _2 some issues of a _1 l- very low consumer uptake _0 even we _1 successfully listed our products in er s_cvs
mhm _1
er and that _0 are _1 again the visibility _2 er based on the location of the er our products _0 on the shelf
mhm _1
and and a lack of er our _1 investment in promotion _0 of course the er _0 in- er investment should be justified by the er er sales but er _0 we saw these too as er _1 major er _1 cause _0 for this very low consumer uptake
mhm _0
and er _1 the actions we took _1 er is the er _0 a_[org31] is a good example but we er _2 tried to do some annual program with a_[org31] _0 for ongoing display merchandising _2 and we er developed _1 tool _0 store fit er size rack er which er _0 i er showed the
mhm
pictures on page twenty-eight _1 and also we called it wire rack _2 so that was a bi- er that was our er s_a and s_p er _1
seventeen
page seventeen
mhm
oh yeah pa- sorry page seventeen
mhm _0
we produced about three hundred of that _1
of those _2
yeah _3
yeah i i _0 i drink a lot @@
@@@
keep talking
@
get thirsty
right @
good _3
er _1 we also _2 did some consumer promotion for the festive season here means _0 festive m- here means the er children 's day _0 that really er paid off er as we saw in the er _0 in the statistics _0 and er for their _1 brand awareness er _0 activity _0 er we _0 last year actually we had a plan to _0 launch our home page
mhm _0
er but _0 still er we will launch er very soon this year but _0 actually _1 actual er home page set was set-up was not _1
mhm
completed _0 last year _4
mhm _0
due to er poor sales er our distribution _0 coverage was actually _0 in some area _0 was er reduced _2 er _1 the major re- reason is the er we could n't generate critical mass _3 erm and also _0 there 's er one time _1 er forecast and shipment er was not smoothly _1 er er support _0 our business
mhm
because of a partner _1 er forwarding
again er er the er that 's from our side er we we give er _0
hm
er the cause of this er er issues
mhm
all right _4
the action _0 o- er done is a key account management program we asked er a_[firstname2] _0 to set up er some program _0 with imp- _0 the the important er _0 key account _0 to develop some annual program _0 for ou-
what is an annual program _0
it 's a yearly _0 based _0 program
f_ja f_ja i mean in regards of assortment in regards of placement or in regards of erm activities _0
xxx
or in regards of price-off promotions or _1
f_xxxxx _2
erm mainly the activities _0
promotion activity
like
promotion activities yeah
tastings or
yeah _0 like er tasting but er _0
and
the most im- important thing is the display _0
mhm
so we made the a_[firstname8] rack _0 er so this xx yeah _0
so this this clown or
yeah
aha
in a_[ORG1] we do _0 those kind of er _0 erm display
actually i 've got pictures er er
mhm
next page _1
not next to erm
yeah
so on six
page sixteen
sixteen _4
mhm _3
f_xxxxxx
er it 's not easy to maintain the a_[firstname8] rack in the
yeah
er hypers- _0 hypermarket _0
mhm
right _0 so
haeh _1
because a_[firstname8] rack is _2 too unique and quite visible
yeah _0 right
but
mhm
placing this one in the middle of the _0
@@
tra- traffic is not really easy job to
@@ _1
right
maintain you know
mhm
mhm _0
anyway _2 er _2 we also er _0 trying at the moment _0 to develop some new channel like a family restaurant _1 where p_childrens come _0 er there with their parents
mhm _2
and also er new product launch like _0 kitty hello kitty we as i mentioned the response is _0 is quite promising _2 er of course we should er maintain our _0 human resources _0
mhm
to do a accurate forecast _0 and _2 communicate with the er a_[place1] _0
mhm
to er er to get the _1 er the right supply er in time _0
mhm
or on time
so at the moment we have a _0 order in our house _3
n-n
now _1
i do n't think at the moment _5
f_was f_ist f_denn f_das f_eine f_palette f_oder
f_x f_xx
you have order _1 received _1
no no no i do n't think so
f_xxx @@ _0 f_xx f_x f_xx _0
f_nein _0 f_sag f_nein f_weil _0 i do n't think so mhm
yeah because we still have er _2 er _0
f_xxx f_xx f_xx f_xx
stocks
mhm _5
okay _0 from page fifteen er _2 these are the er activity highlight _3 er may last year er we _2 did some promotion activity _1 the theme of the activity was happy children 's day
mhm _1
okay
er the er the value we achieved er through this _0 activity was _0 twenty-three million korean won _0 and activity er was that _0 er _0 point of sales the _1 the production er _0 we we we actually d- made some prod- product of a pure s_sm _0 like a balloon _0 display rack _0 p_wobbler
mhm _2 mhm
and this was er _0 through the _0 thirteen _0 hypermarkets _2 er we t- we took the indoor promotion like we give a _0 free er giveaways _0 free balloon _0 and also we did some _0 buy two get one er r- refill free _0
mhm _2
the picture is as you see _0 x there
mhm _1 xxx
another activity er _1 we during the summer the theme was welcome uncle a_[firstname8] _0
welcome uncle a_[firstname8]
mhm _0
er so we got a_[firstname8] rack and poster _1 er we did activity er in twenty hyperstores _0
i think about _0
er of a_[org31] _0
thirty
i think in twenty out of a
mhm _0
thirty-something out of er _0
xx
our
two thirds
yeah two thirds _2 so in the picture you saw some _0 a_[firstname8] rack _14 last one not
xx xxx
but not the least _0 least _0 is the er _0
mhm
er we 've developed this _0 er wire rack _2 to improve our er the visibility of the _1 product _0 especially in the shelf of er _0 er limited space _0
mhm _1
er _2 we r- released these product in the local supermarket _0 as well as individual children 's _0 stationery shop _1 but started er almost the at the end of _0 last year _0
but m- you know that _0 you could _0 have those racks also from us _1 i mean i do n't know if you b- _0 if you buy it cheaper _0 in in korea but
f_xxx f_x
hm
x x xx x x _1
i think that 's _0 cos it 's i _0 x _0
x
do you have a similar one
hm
here bigger
hm bigger _0
xxx xx
should have again xx
ours _0 wide _0 i would have thought _0
er
maybe yours is a little bigger than
wider
mhm
mhm
erm yah mhm yah mhm yah
yah this was the problem because it was too wide
mhm
yeah
mhm
yeah wide
so i i said you will visit korea anyway but er
@@ @@
right
you know er _0 getting a space in the s- _1
f_na that 's the same everywhere in the world getting space in _0
@@
in a supermarket
it 's like a _0 battle _0
the only
@ @
the only thing here i mean it 's a very nice display but
mhm _0
i 'm not sure what the p_licenser of hello kitty _0
uh
@@ will tell us _0 or
p_licency
the li-
p_licenser
the p_licenser of hello kitty because i think that 's a hello kitty dispenser
hm
there and i 'm not _0 i 'm sure that this is not approved by
oh
by
what
a_[ORG40]
a_[org40]
mhm
a_[org40] and if there is like simpsons _0
mhm
on a a_[org40] erm
mhm
mhm
ah
header card
that means _1 hello kitty should _0 a- always _1 er _0 display with a _0 hello kitty only _0
f_nein u-
f_nein usually
display rack
usually every material needs to be approved by the p_licenser
aha
right
so every
yeah _0
every logo layout needs to be approved
hm okay
ah
if we do n't have the approval for that and somebody from a_[org40] goes into a a_[org31] _0
mhm
oh
and sees that there erm dis- _0
hm
that there is er
but _0 ours does n't have a a_[org40] er the the kitty _0
simpson
mhm
picture
yeah it has the _0 kitty dispenser in the hand _1
where _0 which one _0
er the
yeah the clown
a_[firstname8]
the clown _0 this one is a _0
it 's a kitty
is a hello kitty dispenser
dispenser
ah
oh
the
you mean the _0 the clown
i mean it 's very nice but if a_[org40] sees that _0 @
oh
oh
er @
so we are in trouble
er
er
would n't like it @@ @ er
okay
hm
i i know what you mean
it 's the same with those racks they are beautifully done but we should get an approval from the p_licensers first _0
mhm
aha
because
you know we get approval
the problem is not the product but also the _0 display in it too uhu uhu _0
right
xxxx
so
excuse my korean
and so what what _0 what _0 would be the proper procedure _0
the proper procedure
er at this moment _0 surely er
f_na the proper procedure is because usually also with those racks _0
yeah
er you basically have er _0 a_[ORG41] and a_[org42] _0 er on one _0 kind of display
mhm _0
the the the general rule is every kind of printed material
hm
containing a licence
hm _0
needs to be approved by the p_licenser so the proper procedure would be _0 you send us the _0 art work we have to get in contact with p_licenser
mhm
all right
they tell us erm what needs to be changed so usually it is quite a
and they give the approval
yes on our own
mhm
mhm
a long
mhm
erm _0 procedure sometimes
hm mhm
sometimes we _1 for instance in _1 in thailand where there is _0 millions of copies of licences and
mhm
mhm
mhm
i see picture _0
hm _1
because
yeah
we m- might face problems you as well as us because we are the lis-
well
mhm
er in the first place
we are we have the contract
p_licenser
in the first place we do n't like to cause any er conflict
mhm
mhm
yeah i mean
er in terms of _1 er licensing er
right
issues
i mean on the other hand of course it 's _0
you have you spent _0 you invested a lot _0 to a_[org40]
right
and er er i _0 fully understand that _0 you do n't want to _1 cause any trouble with them
yeah bec- er we can not because _0
so
i know _0
they will sue us
i know
@
so
all right well hm _0
er when we go back _0 we will immediately _1
send this _1
mhm
to you _0
as a sample
mhm
mhm
and please _1 check with a_[org40] _1 whether this _0 can be acceptable or not _0 assuming that _2 er if if if they say no _0 probably we will have to change _0 the visible _2
i i think they will say no _0 because usually
they will say no
usually every p_licenser _0 er giving the approval for _1 a header card for a display _0 wants of course his licence _0 to be _0 on the display then _1 they will never accept _0 i mean we can _0 check with them but they _0 will never accept
f_xxxx f_xx
er a_[ORG40] dispenser and then _0
mhm
i do n't know _0
mhm
anything else but hello kitty
mhm
on _0 on th- on the
hm _1
i mean this is _0 this is only a small example i mean if you have seven hundred erm _0 or three hundred how many
three three
three hundred we produced three hundred
if you produced three hundred and _0
mhm
you have it in the stores since when since a couple of months _0
only er one and a half month
x months
yeah then _1 i think in that case we should not wake up any _0 any dogs by going now
xx x
now since it 's in the
okay
in the trade
yeah _0
now to the p_licenser and ask for permission because if they say no you have to remove everything
mhm
i think that 's _0 for three hundred displays not _0 not relevant
mhm
but maybe we can agree in the future whenever _1
sure sure
you put any kind of display so _0 or do anything _0 even if you place and ad in a in a _0 comic _0 magazine _0 and you lo- you y- y- _0 you use the licence _1 everything basically needs to be approved except _1 if it 's images of our products i mean if it 's the _0 if it 's a _1 donald duck dispenser _0
mhm
you show _1 that needs no approval if you if it 's a product
i know
product is er
like but but if it 's like the the _2
xx
like this one _0 for this one we needed _0
mhm
four _0
yes
four approvals from because it 's four different p_licensers to be on that kind of
mhm
of leaflet
mhm mhm
f_ja so maybe in the future we _0 we can we go the _0
mhm okay
the correct way _0 please
so er _1 that means we better change as soon as possible _1 before any _0 a_[org40] people see that _1 and initiate some _1 unpleasant er _2 hh power of action against it
yeah i wou- i would say since _1 according to the figures _2 erm _1 you _2 you should put _0 a_[org40] characters anyway on there because they 're very _0 very successful
mhm
so i would _0 suggest to put hello kitty _0 on the display _2
but er the problem is _0 this _0 a_[firstname8] rack holding _0
right
a kitty right
right _0 so basically it is _0 not allowed
mhm _0 okay _0
but i hh i mean i _0 i do n't know if if
half
what is the chance that in three hundred
yeah
the year it is
mhm
shops of
mhm
somewhere in korea that
f_xxx f_xxxxxx
f_xxx f_xxxx f_xxx f_x f_xx f_x f_xxxx f_xx f_xx f_xxx f_x
xxx xxx
it 's like a insurance you know
pardon me
it 's like an insurance you buy _0
right
the chance you _0
right
got in the accident is really really low
right
only for xxx just
and you buy
any insurance yeah
oh
yeah
whatever this er licensing should xx we better do something
right right so
mhm
f_sie f_koennen f_ja f_das f_fuer f_einen f_anderen f_spender f_nur f_muessen f_sie f_halt f_die f_xxx
yeah if you take again an unlicensed
f_xx f_xxxxx f_xxxxx
character like
take it as a
santa claus here
@@ f_xxxx f_xx
what if _0 a- anyway we we we could do some _0
sticker
producing some sticker _2 to cover this er
to cover yeah cover _0 hm
this er
kitty
hello kitty
mhm
but with some
some kind of promotion _0
other
er writing or something
right
yeah
or a
we we 'll do a
price tag or something
yes right
we 'll find out what we can
yeah i
yeah
mhm
but it it is very good er good er _2 er good advice
mhm
from you okay
and please in the future always _0
mhm
okay
yeah yeah
be careful with _0 using licences
right
x a bit _0 unprofessional from our side
@@ _1
n- yeah i mean i i see the good intention but _0 y- i also see the risk of _0
sure sure yeah
of the p_licenser _4
if we so- produced about _0 thirty thousand
right @@
@@@
@@@ @ @@@@
then then i would be sweating by now @@@
horrible
@@ @@ @
@@
@@ @@ @@
anyway i anyway
i would please call immediately
@@@ @@ @@@
@@@
and we 'll do something about that _0 okay _4 now er _0 i 'm on page eighteen _0 f_pardon yeah _0 page eighteen _0 these are the summary of our learning point er _1 er from year two thousand three operation _2 er what we have learned er as a first _2 the _0 the product use _0 product use here means that _1 we have to show something about a_[thing1] _0 to to er _0 put _0 put some _1 er there 's a _0 character called _0 digimon _0 digimon is japanese er you know di- digimon _0
mhm
mhm
right
digimon yeah
mhm
yeah _0 it is quite trendy character _1
still _0
yah
hm _0
and er our competitor local competitor which sells er not _0 exactly the same concept but a _0 product with some toy figure _0 they 're using er digimon
mhm _0
i believe they er _0 pay a lot of er licence fee for that but _0 er this kind of _1 er _2 figure can be dramatically grow er awareness and volume _1 er in this regard we believe _1 er kitty _1 hello kitty which is quite world-famous
mhm _1
er can be accepted in the market _2 but er we believe _1 er we _1 want a _0 series of _0 kitty _0 i mean kitty figures could be er _1 er different figure probably you have _0 i have n't look at this er new channel yeah yeah okay
we 'll show you the
the news later on
hm
then er dis-
in terms of distribution er _2
f_xx f_xx f_xxx f_x f_xxx f_xx
we believe the modern trade especially the
xxxxx xxx
s_cvs _0
mhm
is not _0 people _0 keep collectible products er which is a_[thing1] _3
f_na f_ja if _0 if i m- may erm _0 make a comment there
mhm _1
the _0 impulse channel _0 erm
impulse channel
the impulse channel or the s_cvs er channel _0
mhm
is very much er _0 licence-driven _0 meaning _1 if it 's _0 in the impulse channel _1 the licence is very important _0 i mean nobody would _0 buy _0 a_[thing1] there they just _0 see hello kitty or whatever _0 and then erm _2 that is a i think a very crucial point _1 of what licence _0 is in the s_cvs
hm
and if you had for instance
hm
just a thought _0 last year mister bean
hm
in the _1 convenience channel _0 then _1 i would say _1 that might be a reason that it did not work if you had _1 erm hello kitty for instance or any kind of movie er
hm
topic which is hot at this moment
hm
yeah
like _0 this year for instance a spider-man movie comes out
mhm mhm
if you have _0 the spider-man characters
mhm
in the shops
mhm _1
and you can profit from all the _0 the m- the the the promotions of the _0
mhm
of the movie and the merchandising
mhm mhm mhm _0
then _1 i am sure and i see that in other countries that the s- the s_cvs erm _0 channel
mhm
the impulse channel _0 works but it 's very licence-driven if it 's the wrong licence _0 you 're out
yes
mhm _0
and i guess that happened last year that it 's j- was just _1 i would assume it was mister bean and mister bean was _0 not _1 very
mhm
let 's _0 let 's call it not very popular
er _0 that 's exactly w- what we m- _0 meant as a product use
right
hm
okay _0 and of course er should be very timely _1 okay our experience last year
jungle
jungle b- jungle book
mhm _0
er actually launched _0 er after _0 two or three months _0 of a real _0 the movie er sold
movie _0 movie was erm _0 from last of february something
mhm
mhm
and _0 about xx
the product was available was sometime er
june _0 ma- may or june
may
yeah that is of course
so peoples already forgot
@@ @
right
so the the the the the peak of er
right and that 's
jungle book
that 's what i meant er by the l- licer- having a licence _0
yeah
mhm
yeah
a popular licence at the right time
right _0
and then it _0 also works in the impulse channel i 'm sure
yeah
also movie should be successful
right
@@ @
@@ @ @@
right
so it 's like er speculation
right
right yeah but that 's er _1 also kind of our job and our risk _0
right
also a risk _0 to find out what will be popular next year
mhm
mhm
i mean that 's
i
i thought is er speculation no
@@ @
right and sometimes you have
and also mistakes
sometimes you have a hit and sometimes not really so _0
mhm
we have to admit mister bean was not really a hit and erm
i mean you mean the er _0 the overall market _0
right
general trade
aha
oh really
general mister bean was not really a hit
mhm
personally i like er the mister bean er very much
yeah me too but
@@@ @@
@@@ @@
and s_et was also _1
hm
i do n't know if you had s_et dispensers but s_et was also
probably we did yeah really _1
yeah
not a hit
yeah
okay
okay _4 er now er talking about target _2 er _0 kids are no more _0 gullible than adults perhaps even less so they 're
xxxxx
excuse me er _0 gullible i 've never heard that word what does that mean _0
hm
p_gullabry more like that
@
@@ _0
f_x a_[firstname5] f_xx
gullible
gullible gullible _1 yeah gullible means _2 not english word _0 but like er greedy _0
erm
er oh oh no no no _0
@@
f_xxxx _1 sometimes i i 'm _0 i 'm bit confused
hm _0
@@@
have you ever heard it _0 that word
yes yes
yeah f_na then we look it up in the dictionary does n't matter _1
mhm
i 've nev- i _0 i 'm just curious because i 've never heard it
erm i 've heard it but _0 i 'm not sure
gullible i i 'm not sure but e- either greedy _0
mhm
if i 'm correct or _0 easy to be deceived _0
mhm
mhm _3
okay
gullible _2
if i 'm right @ @@
mhm
@ _0
but w- why should we d- _0 deceive
xxx xx
hm
deceive kids
@@
perhaps
anyway
x xxxx _2
i will look it up
oh yeah i think it easy to be influenced
quite unfit for small children
yeah
or easy to be deceived i think yeah and er gullible er _0
mhm
mhm
so that 's why it says _0 their intake of advertising
mhm
is _1 reception of advertising is
xxxxxx
mhm _0
is larger than any other demograph- er demographic group
mhm _1
okay _0
mhm _2
mhm _2
anyway _0 sorry for er
hm _2
no no it 's just sorry for my
@@ er
no no no no
i 've just never heard it
mhm _0
it 's bit er quite american er
@@
no _1
now er er _0 this is s_a and s_p spending summary for last year _2 er by agreement er _0 a_[org1] decide to er contribute _1 ten per cent of our xx we purchase _1
mhm
that is that is the er made contribution _2 so er er _2 year two thousand budget _2 er which is s_atl is er above the line hm er means mostly er advertising and _0
mhm x
public relations
yeah _0
okay _1 and below the line is er mainly our promotion activity _0
mhm _0
er our t- _1 s_a and s_p budget target is twenty-seven million korean won _2 okay
mhm
er our budget _1 according to our budget we decide to _0 do most of er spend that most of _0 fund to _1 promotion activity which is er below the line _1 as you see there _1 er above the line which is advertising and _0 promotion only _0 accounts for er _1 six per cent _4
mhm
for the total _3 but actual _0 we _0 we er used about
xxxx
aha
three per cent er in er s_atl and ninety-seven per cent of s_btl _2 so actually we spent _0 about fifteen per cent more _1 than our budget target whereas _1 our er sales reduced _1 twenty per cent of er our actual _1 compared to two thousand two _0 even _0 purchase amount is dramatically er reduced _2 to minus seventy per cent _1 er in terms of our _0 xx we purchase from er your side
mhm _6
okay _4 so er
so- sorry that 's that 's in korean currency _1
yes
mhm _3
we get _0 actually actually y- you get you know that 's _0
yeah the problem of course we have there _0 since our _0
mhm
turnover to you
mhm
decreased by seventy per cent
mhm
mhm
er we have a _1 a minus _0
mhm
with the ten per cent erm _0 s_a and s_p contribution now _0 of _0 one thousand euro _4
yeah _3
i mean that 's the materials we have sent to you
mhm
mostly the a_[firstname8] a_[org1] racks _0
mhm _1
and the wall displays _2
yeah _1 f_xxx f_xxx f_xx f_x f_xx _4
so you spent er almost one thousand euros _2 er more than the
mhm
hm
right
the the w- _0 what should be the er
mhm
hm
proper target i mean the the budget
yeah
right yeah _1
mhm
yeah because _0 yeah because they _0 our turnover decreased by seventy per cent and therefore
turnover
xx
mhm mhm
yeah
i clearly s- i clearly see your _0
we need to know what the
your point
yeah
mhm _3
i drank almost one bottle
@@@
@@@
@@@ xxxxx
@@@ @@@@@ @@
and and _0 no _0 no need to go to the bathroom yet
no
okay
@@ @ @@ @@ _2
@@@
like a camel
@ @@
@@
@@@ @@
right
hm _3 f_xxxx
mhm _2
well er _0 a_[S4] i i _0 see clearly er your your er _1 concern but er _0 last year was our _1 our er _0 performance was really er unsatisfactory yeah
right _4
so let 's look at er _2 this year _0 business plan _3 probably you can give us some er _2 comment _0
mhm _7
er _1 actually this _0 presentation material is prepared by _0 of course a_[firstname2] and er a_[firstname4]
mhm
and they _3 created some _1 some er _2 jargon do you know the word jargon _0 s_jargon jargon
@@@ @@
s_j
s_jargon _1 jargon
f_ah f_ja _0 f_ja f_ja _0 f_ja f_ja
jargon yeah _0
mhm
s_imc okay _2 that 's integrate marketing communicative
@@ _0
wow
quite look- looks _0 something huh
right
@@ @@@ @
quite impressive
quite im-
@@@
@@@@@
er this _0 s_imc is er _2 er targeted i mean they made er four er components _1 advertising brand news _1 promotion and channel and _0 and the the ultimate _1 objective is to we have to build _2 a brand awareness path _0 otherwise _0 will be quite er _1 diffi- difficult to _0 be successful in korea _0
right
okay _1 so _0 now the _0 sales target _0 we have raised _1 hhh _1 very er aggressive one er this year _0 compared to actual not the _1 even er y- year two thousand two but _0 er in terms of value _0 this year we er targeted _2 sixty _1 three per cent _2 okay _1
that 's p_in-market p_in-market growth
growth
p_in-market yeah _3 there 's a project xxx
that 's er project er we had er
er i-
it will become the er xxx xx xx xx
mhm
f_dankeschoen
at this moment we could _0 we did n't bring any purchase plan
mhm
er with us because _1 we 're in the process of er figuring out _2 how many returns and we we have to er _0 consider into this _1 er target anyway we will su- we 'll give you very shortly okay
you want some
mhm
okay _1 erm _1 the most of growth _1 most of growth will be in er in er refill _0 of course er skin card is er _0 thirty per cent _0
right that 's some _0 excuse me _0 that 's something i _0 i noticed here when i _0 i i saw the pictures with all your promotions _0
mhm _0
i do n't see any any refills _2 on any _1 on any of this _0 displays here when you have the _0 the promotions _0
mhm _0
like the happy children 's day _2 i do n't see any refills or the _0 welcome uncle a_[firstname8] _2 i also do n't see so this is _1 i would say at least one row if you place a clown display you should
mhm
mhm
should be _0 refills
mhm _0
okay _5 okay we 'll take that point
yeah _6
and to achieve this er _2 sixty-three per cent growth _0 over er _1 year two thousand three actual _1 for this year _0 er we have planned to spend _1 about forty-two _0 million korean won which is about thirty-five per cent _1 more of the er of the er what we have spent last year _1 for er s_a and s_p _0 er er er this will er _0 be about _1 about twenty per cent of total er er _0 sales _1 okay
mhm
again er we _0 expect that we would _0 get _0 your contribution of ten per cent of our _1 actual we purchase which will which we _0 we will er provide you shortly _0 for our purchase plan _10 er it will be _2 early _0 early march okay _0
what
the the figure for the purchase _0 figure bec- because _1
f_ach f_so
ah
we we 'll be back _0 we 'll be back er _1 at twenty-eighth _2
end of this month
er not twenty-eighth _0 twenty-seventh
twenty-seventh mhm _0
i 'll be back in in the office _0
mhm
mhm
so i need _0 couple more days to er to review in detail _0 then we 'll give you er our purchase plan _0 for year two thousand four
right because
yeah without that _0 xx
you can not really calculate what promotions you can have
xxx
of course you should _0 you should have that number to to _0 plan your your your part _0
right
okay _4 okay _0
and i hope we have a _2 seventy per cent increase then this year
@@@
@@@@
after a seventy per cent decrease
@@@@ _2
our marketing objectives _2 are made of three _2 points er increase distribution coverage level _1 and also enhance er consumers trial and repeat _2 and also er successfully launch new product items like the _1 er hello kitty and _0 the others maybe er you will show us _0 er right after my presentation _0 you plan _0
mhm _3 _1
f_xx f_xxx
mhm _3
okay er the subsequent _0 pages _2 are about our sales strategy as well as our marketing strategy _7 er w- we ha- we will _2 execute some product visibility program _2 to er display in merchandising _2 in er promotions for both trade and consumer _1 and and developing rack _0 not er not no- only develop but er er _0 using er a_[firstname8] rack xxx a_[firstname8] rack and er point of project calling _2 i 'll just skip all the details _0 so it 's not important _2
a balloon p_wobbler _1
hm
i just _0 have a question _0 a balloon p_wobbler _2 p_wobbler
i think balloon _0 can not p_wobbler that 's a balloon p_wobbler
okay right
hm _0 @ balloon p_wobbler _6
and er we have to regain some p_dispution in the in the er some _1 er little bit probably s_cvs _0 not in the big er scale but er we 'll try again _0 as well as the er because _0 we developed er _2 this er _1 wire rack _0 with fit size _0 to the not only s_cvs but al- er not only hypermarkets also the s_cvs _0 er _2 so department store _0 hypermarket _2 special is also wholesaler _4 and new channel development for _1 fancy shop fancy shop means er er independent or chain shop where they _0 se- sell _2 fancy things like erm accessories _2 or er _2 xx items _0 for kids _3 er family restaurant p_resumation and amusement park _1
mhm _4
and our _2 marketing strategy is _0 basically _1 has two theme which is there er _1 increasing our brand awareness _2 and also we have to do some education _2 continuously educate our _1 er consumer _0 okay to _0
excuse me _0 when you started with a_[org1] did you _0 launch the brand new or has it been on the market for _1 for a longer time
yes
the a_[org1] brand _0
f_xxx _0 f_ich f_weiss f_es f_nicht _0
f_na a_[org1]
f_haben f_sie a_[org1] f_eingefuehrt f_in f_korea f_oder f_hat f_es f_das f_schon f_frueher f_gegeben _8
is was there any _0 distributor before us i do n't think _0
i i do n't know that 's why i 'm asking
i do n't know
we are the first one
aha
xxx
so you have launched the the brand _0 or the product
yes yes yes
mhm
into the korean market
mhm yes _0
it 's not like in japan that it 's on the market _0 for thirty years now
no no
@@ @@
okay
@@ _1
xxx
okay
f_ja f_da f_haben f_sie f_den f_auftrag f_gebraucht
mhm _5
gets of these to our marketing strategy _0
marketing
talking about xxx _1
and also for this er _1 er continuous consumer education as i mentioned earlier we will launch er _1 er internet website _2
mhm
ah which has been prepared _1 since er last year _2
right
yeah er probably you see some urgent er the marked minutes
mhm _0
there that we already started _1 to to develop
discuss about
yeah and discuss and develop
hm
we will let you know the progress
mhm
okay _1 we hope that you could have one _1 er xx
mhm
xxxxxxx _0 xxxxxx _4 i do n't know _2
mhm _1
which was that
erm _1 er xxx for the last part
supply single portions xxx _1
mhm _7
so what what what is your question
hh er what 's the single portion _0 xxxx not the xx xxxx must this xxxx _0
okay _2
or not yet
hm
decided i guess
mhm _2
xxx xxx
xxx
maybe it 's _2 it is probably when you do a tasting
yes
you have the dispenser and let everybody take one
hm
one candy out of the dispenser maybe
exactly yes _1
so why do n't you check on that
yes _9
okay er pages twenty-eight is the er sales target to channel _3 so you see er _1 some change in _2 year two thousand four target er for instance the s_cvs we er see a bit less er activity _3 of course the er the er _1 there 's an increase of our sales target in s_cvs but the _0 the share of the er s_cvs _0 to hold er the total _0 to be bit reduced _0 okay
mhm
twelve per cent to eight per cent _2 then the increase _1 major increase is will be er _0 not major but erm the increase it will be general trade _0 and hypermarket _5 the key accounts _3 er it 's more or le- more or less the same _2
mhm _3 so we get back on the level of two thousand and _0
two
two in the
mhm yeah
mhm _4 but we have ambitious plans when it comes to
general trade
general trade
yes
because we should buy some kind of a _0 very selective er channel
mhm
we usually try er and _0 get some _0 general information about the er customized _0
mhm
market
mhm
yeah _3
so if you look at the absol- absolute number er the er _0 the major growth is in er hypermarket _1 a_[org30] _1 erm compared to year two thousand three
right _0
er hypermarket _0 a_[org30] _0 and general trade _12 ninety-five sixty-three and sixty-six per cent er _2 respectively yeah _9
mhm _0
okay s_a and s_p plan for this year _2 about twenty per cent of p_in-market sale _2 of er with forty-two million korean won _3 er _4 to _1 increase brand awareness _1 we 'll spend some money not _0 but the five million is not that big one to do some er _0 promotion and sponsorship _4
mhm _0
and again most of the fund will go to below the line _2 whereas the in-store promotion _1 is the biggest er component _2 of
in-store promo means _1
w- we s- we
something like _0 that or
yeah something like the picture er wi- with er
happy children 's day or
you know
promote yes _0 promote er _1
mhm _2
to the promote _7 yah there is the display rack tray sample _0 er more or less the same er level _12 so er _1 detail activi- activity plan _2 i 'm on page thirty _0 will s- spread over er year round _1
mhm
from march to october _1 er _3 course on online outline we 'll er do some p- _0 promotion activity _1 er _0 f_xx f_xx
f_xx
the the public relations er _1 we 'll make _0 correction hopefully we will make _0 correctly past the new trend _0
@@@@
right
mhm
we should work with a s_pl agency _4 then children 's day _1 we have some er special activity _1 or event like best man contest _2 share your sweet to friend _1 targeting for er _0
more like _0 half
er children 's day and _0 this may is the _2 children school picnic er concentrate during this er season _2
er in the summer er we will do er in-store promotion you know _0 the hypermarket can see er hy- especially hypermarket _0 it 's quite cool inside there because air conditioning the people sometimes _0 rather than staying home where it 's quite
mhm _1
hot they visit er _1 hypermarket _1
mhm
to get refresh and er well that 's the time for us to do some _1 er promotion also _2 and we 'll do some sampling for _2 students who visit amusement park and museum _2 which er usually er which _1 occurs er mainly in september october _0 period _0 for these are total er er of a forty two million er we have a standing now _0
mhm
for example yeah of course this is a plan so _1 er there 'll be some er _2 change and er revision erm
right
of our plan anyway _0 so we will _0 give you _0 that 's it _0
mhm _2 how was the communication anyway last year _1
in what regards _0
in regards of figures er _0 activities
xx xx good _0
yah
you sh- er there was _0 er we accept that there 's some er problem from our side _1 due to a turnover of the er
mhm
responsible er _0
mhm
personnel from our side but _0
mhm
this year i 'm _1 i guarantee you _0 okay
mhm
er my p_coordiner a_[firstname4] _1 will be er more
focused _0
er dependable
mhm
okay
okay _1
because er especially a_[firstname2] _1 er he he does n't have any er _0 communication problems
mhm _0
so er with other er peaceful and i hope he use the same _0 er practice in _1 the er _2 the the attention _1 to to a_[org1] than xxxxxx _1
mhm _1
he can explain what is gullible anything
@@@@ @@ @@
he 's the
right
@@@
i i i know gullible is easy to be _0
hm
er _0 affect- no deceived it is
yeah _2
i do n't think gullible is the right word
mhm
okay
xxx
hm
okay _0
okay the last page is the our activity calendar er _4 theme er usually january march is back to school april may children 's day _1 from june to august summer vacation _1 september october field trip or picnic _0
@
school picnic _0
right _1
november december is _0 targeted for christmas in there _0 these are the matrix _2
mhm _4
okay that 's about it _3 and er we _0 we er noted down _0
mhm
er whatever you asked
hm
at the
hm _0
er at the requirement erm for us to send you
mhm
for more detail information and er _0
mhm
yeah what _0 thank you very much _0 by the way for that _0 erm what would definitely for us be of course very important is _1 that we get a a plan of _0 purchas- purchases from our side _0
sure sure sure sure
that will be done er _0
but
no later than early march
but please not _0 just in turnover _0 but in _0 carton per product
mhm
you mean detail
yeah
okay
so that we
sure
how many dispensers how many refills
sure sure
yeah
hm
and what the assortment is because @@@ _0
right when
even what of the assortment _1
xx
okay _2
xxxxxxx
mhm mhm _0
any idea
yes _2
but definitely please a quantity plan
mhm
that we _1
sure _5 can you take _0 five minutes break
@@ @
sure
@@@ @@
i have to go _0
yeah sure _0
the men 's room
sure
xx xxx
after two bottles of @ @@
hm hm hm hm _0
sure
you know we all need a stretch
right hh
aha
you also right
some
some people need a cigarette
@@@
@@@@ _2 do you want erm snack in between or
no hh _1
cos i 'll i 'll take me a snack i _0
please go
my stomach is already
ah @@
yes
okay i 'll be back in five minutes _2
you know _0 about plate right _0 and erm
er show you the products _0 show you the product _1
so if you could _0 please provide us with this er quantity plan
mhm
and er with the _2 with the as we said _1 the key account erm _0 matrix _0 of how many _0 stores are there per per chain in how many are we listed
mhm
mhm
yeah i know _14
and before we hh _2 go to the news i guess _2 i have one _2 one good news and one
bad news
bad news
@@@@
@@ _0
okay _2
the bad news is n't i 'm sure now i am the bad guy because you meet me for the first time but @@ @
@@
why is why why why you th- you think is the bad news
@@@
@@@
pardon me @
why you think it 's the bad news you know
because the bad news is that in times of _1 this strong euro
ah
hm hm hm hm _0
we have
erm we
have to increase your price or what
we yeah we still
mhm
er and i 'm sure you have discussed in the previous years er with a_[firstname1] also
mhm mhm _0
erm _0 but we can not _0 the good news will then be that i can offer you
@@
er something _0 that we can somehow erm _0 support you
mhm
when it comes to _1 to the currency
hm _0
erm variations
hm
throughout the year so there _0 we have _0 found something _0 that that i can offer you _2 but with all the the new licences _1 we buy we we have this year four new licences and every year _0 erm _1 at least four or five new assortments _0 er with all the new packaging materials and _0 everything _0 n- new you will see later on we can not _0 maintain the current price level
hm _0
for for korea _0 which we had in the pa- past couple of years _0 as far as i know _0 the last price increase was _1
quite minimal hm _0
yeah it was a a long time ago i 'm sure
hm
er a_[firstname1] mentioned the need already last time but _2 i guess i 'm the bad guy who has @@ @@ to as- _0 to ask you now we need to increase the prices by five per cent
mhm _1
you mean the our purchase price
right
hm mhm _0 hm
right _0 are we
you mean the _0 all s_skus _2 all s_sku i mean all product or
f_na f_ja definitely the dispensers and refills
mhm _1 mhm
not not the the _0 the interactive
hm
or the the fantastic but definitely dispensers and _0
_0
and refills also _0
mhm
since we switch _1 to the new packaging
yeah
from the skin card
mhm _0
to the blister card which is a
we have that one mhm hm
far er more _0 higher value packaging
yeah
mhm
hm
and with all those er changes and and investments i 'm i 'm sorry but we can not really _0 erm maintain _0 the price level
mhm _0
my question is
mhm
the p_in-market prices _0
hm _1
are we at a _1 price barrier or a price point which we should not _1 exceed _1 erm or is there room that you give those five per cent to the
well to be to be frankly with you _0 er we really hoped _0 that we could _0 increase our _0 retail price from _0 fifteen hundred to two thousand _2 okay which is about _0 er however _1 it 's true that there 's a _2 barrier _0
mhm
okay _0 er that 's why we could not increase _0 now it 's really _2 really a difficult period for us _0 if if we have to accept _1 five per cent er increase of our purchase price _0
yep
while we _1 had intention to increase but we could not because of the er _0 the barrier from the er er er er trade _1 and i told you _0 that we fight _0 against _0 cheap local product with a retail value between five hundred to _0 six hundred _0
yeah i _0 i mean with the cheap local product _0 we can never never compete i mean there we are so far away that _0
of course you know i i know
i think with the cheap local products erm we can not really _0 erm _0 m- might
well i i 'm only trying to tell you that we _0 we fight against them
yeah yeah yeah i know
i mean the positioning of a_[thing1] is er really unique _0
right
there is no _2 similar product _0 in the market _0
right
okay so _0 it 's not like selling _0 one of the wine _2
right
er fight against other wine you know
right
but _1 er _1 anyway we 'll see we 'll see er how we can er cope with _1 price increase in good
and in in regards of currency what what we can offer you and we offer that to _0 to other countries that we will _0 fix an exchange rate _0
mhm
erm which is erm _1 one twenty _2 so one erm _2 one euro is one twenty s_us dollars
mhm _0
and _0 everything _0 if it _0 further planned now it 's at one twenty-seven
hm
approximately
mhm
everything _0 above one twenty _0 we will issue as a _0 currency compensation bonus directly on the invoice _0 as a support that you know that you _1 the worst erm _0 case that you purchase the products is at a fixed exchange rate of one twenty
mhm
so that _0 we can offer you as a support _0 in order for you _1 to erm _2 to really plan
mhm _0
your your purchases
yes _0
jus- just a second i i i 'll ask just _0 him about it
anyway okay _1
yah so that currency er offer we made you should kind of er _2 also _1 get some _0 revenues back from that er _0
mhm
price increase _0 and for you i think it would be best er _1
mhm
in order to explain it to the to the trade
yah _1
that we changed the the packaging from this _0
that that 's change in yeah
this lower quali- er quality er skin cards to this higher premium
mhm
packaging of of blister
mhm mhm
so wi- with that i guess your sales force
mhm
should be able to to get that five per cent through
hm
okay _1
yeah
mhm _2
so you wrote mutual
pardon me _0
you wrote mutual news _0
right
well
right
xxx
@ right
xxx
and the same is for the _0 refills _0
right they also come now in blister
refill
yes
ah blister with a blister okay
mm
hm
okay _1
and _19 and what _0 anything else you need that _4 the purchase plan for for this year because otherwise we do n't even know what _4 what to plan _6
okay _0
because we still have the problem with the er one thousand euro overspending
mhm
of s_a and s_p last year _1 so i mean my proposal would have been if we _1 if we reach the two thousand and two turnover _0 this year _0 then we _20 so i i would i would say we take it into consideration still those thou- thousand euros for this year but maybe erm along this year _0 we can er create some some extra budget maybe in order to _0 to have those er those thousand euros then erm covered
anyway the absolute amount is not that big i think _0
from our side
but the _0 the you had minus _0
right _0
that 's the problem
right
you know eighteen hundred
right yeah yeah that 's that 's the problem the m- _0 minus which
yeah
is not covered by the by by turnover
yeah okay sure _4
yah _0 should we ask a_[S3] now to _0 show you some
okay great
news from this year
yah _1
xxx _1
f_bitte _6
okay _4 so our catalogue in the first pages you find the
mhm
hm _2
statistics the production
mhm _1
kind of history _1
mhm _3
different flavours we can offer to you _0 fruit taste sour mix taste and i think _0 cola taste _0
by the way have you ever tried _0 other taste do you have other tastes in the
yeah
cola you xxx cola yah xxx but not xxxxx _2
cola yeah
no cola no _27
so do you want to try the sour mix _1
oh _0
this is the sour mix
oh this yeah we tried last
oh you already tried
last year yeah last year
okay _0
mhm _3
so _0 let me carry on
mhm _0 please
you find there
yeah are we are we going to launch that _1 in in korea this year or _1
anyway anyway er _3 this will include it er i mean the we will erm _0 let you know
mhm _0
in the er _2
xxx xxx
by product
oh xxxx
right because we we said here somewhere to concentrate on refills this year _0
yes
and erm _3 maybe a concentration on refills could be like to have _0 fruit sour cola _0 er at a- at this point i _1 m- maybe it would be also good erm _2 hh i would assume _0 that in _0 all the key accounts we have two products listed at the moment the _1 the dispenser and the the fruit
mhm _0 mhm hm
so there could be also if we say _0 this year we focus also on candies
mhm _0
erm that we _0 pick er one chain or two chains where we _0 get also the cola and the _0
sour mix ah sour ah
sour mix listed
in order to focus _0 if we say focus on on candies this year
mhm _2
perfect okay _0 so _0 on page _0 ten and eleven
mhm _0
we find new assortments coming out this year _0
mhm
hm _0
that 's the shrek two
mhm _0
there 's a movie release _1
shrek was quite successful movie xx shrek two shrek two no
yes
yeah that 's shrek two coming now
when _1
good question _0
mhm _0
i 'll check it
er @@@
coming back spider-man have to xxx
f_bring f_den f_spider-man f_auch f_bitte
ah a_[S5] _0 you 'll check the schedule er the movie schedule for korea _0
yeah
mhm _4
should be around somewhere _1
hm
yeah asia i 'm not _1 not sure _0 yeah the first movie was a a big success _0 and
quite success in korea _0
mhm
and the second one when we see you know on the the licence and licencing and toy fares around the world
mhm
erm that _1 the- there will _0 really be a huge also not just _0 for the movie but also a lot of merchandise
mhm
articles for for shrek two _2 and that 's that 's what i what what i meant for instance once the shrek two movie comes into cinemas _0 to korea
mhm
with the whole wave of of of
promotion
advertisements and promotions _0 you should it 's not a
yeah because is a good opportunity for us to sell
right
with a_[org1]
mhm
even at the movie
right
yeah yeah
right
theater
right
yeah yeah
er so
right after children saw the movie when they come out of the theater they _0
they want this
instantly find _0 the shrek er figures
right
on the racks then they purchase yeah
yeah
yeah _3 and the same is with spider-man _0
spider-man two or _0
a spider-man
spider-man
movie 's coming out
mhm
since this summer
spider-man movie was not that successful in korea
really
no _3 spider-man er did n't erm _1 children know children they know er spider-man
yeah _0
but it was not as successful as it should have _0
okay _3
hulk _2 hulk movie was not successful
mhm
yeah that that was _0 globally that the hulk movie was was not _0 too successful
mhm
while the spider-man movie was very successful
hm hm
so what what we can basically offer _0 is erm _1 either for the spider-man two release to _0 just send spider-man characters in the cartons so that you have only spider-man characters
okay okay
mhm
mhm
if _0 you say erm _0 just spider-man is not enough we want to have some kind of an assortment _0
mhm
we can also send you the a_[org43] assortment that would be with hulk and wolverine
mhm mhm _0
yes
so both wi- would be possible we have one _1 one spider-man blister card
mhm mhm
and one a_[org43] blister card so a_[org43] blister card with all three characters
okay
mhm _0
and spider-man blister card only with the spider-man character
mhm
this a_[org43] er this is the wolverine i i think that series of s_x men right
yeah
right _0
er _1 the a_[org43] was not introduced to korea _0
okay
okay _0 i know personally but er
yah _2
you know sponge bob _0
no it 's not known to korea _2
it 's not on s_tv
no
no _2
it it 's quite famous in europe _0 for sure _1
yeah s_us _0
right yeah _0 so _0 we created a new assortment with sponge bob characters
mhm
as well okay _3 and then the so-called power trucks _0
mhm
this is also a dispenser _0
hm
x a dispenser how big is it
that 's that 's just a picture _0
how how _0 when
just just i can give you
i just think we have got some sample somewhere but
just like this side
hm xx
yeah we try to find samples because _0 at the fare _0 at s_ism _0 everybody loved those
oh really
those trucks yeah
mhm
the shrek movie is on _0 release i mean the current release date we have _0 on the eighteenth of june _0
hm _0
korea _0
mhm _0
eighteenth of june
june
eighteenth of
so you have pro- product already _1 when the product will be
@
we we have to admit that
available
shrek two will be available _0 in april april _3
okay _0
so @@ april
yeah
tight tight
right
yeah
mhm _6
but it should be then _0 at least on the market
we we should er _0 dispute _0 shrek if the movie is the eighteenth of june _0 should we we we sh- we have to finish _0 er we have to start distribute around _1 p_mid-may
yeah a month earlier
yeah
at least _2
so we should start production _0 beginning of april _0
you have x
hey
hey
you have the same xx
right
@@@@@ @@
just prototypes _0 for for your imagination
erm hm hm
but they have a real body
hm _0
and _0 dispenser function as usual
so and the the _0 the wheels are moving _0
yeah _0
ah it 's moving
yeah i think we get two europeans xxx
they are moving
hm
of course it will be colorful
xxxxx
mhm
of course @
four four different ones
four different this p_tankery _0
four different ones
container _0 like this
yeah
so that 's four four different characters
four different characters
hm
and _0
the price is the same
price is the same as in all right
price xx
yeah the figures
right but when we showed that on s_ism this was the _1 the _0 real highlight
mhm
hm _0
especially for boys _0
hm
mhm _3 this looks like er very sophisticate er _2
that really looks very high quality _3
so where do you source this er plastic _1
that 's one xxx
trucks _0
where do we
where do you source
we source in xxx xx x
from your cz- czech re- er hungary
we pro- we produce it in
hungary hungary
yeah we have er we have one plastic factory in a_[place3] and one in a_[place4]
a_[place4] aha _2
xx xx xx xxx
which is
both neighbor countries of a_[place5] i do n't know if you 're too familiar with the _1 the countries here in europe but erm _3
it it takes you two and a half hours to go there
xxx
czech czech was behind here right czechoslovakia
yeah
yeah
hungary as well
down
it 's to the eastern
uhu
@@ _2
this is austria
@@@
@@@@@
@@@
you are here at the moment
yeah
here is vienna
yeah yah
mhm
here is salzburg
mhm innsbruck
mhm
yeah _0
@ _1
here is germany
germany mhm czech hm
here is _0 czech republic
yeah czech yeah _0 it 's er hun-
here here is slovakia
aha _1
here is hungary
hungary hm _4
hungary that 's _0 czech
czech czech
mhm _2
czech that 's slovakia
slovakia okay _2
then there we have slovenia _0
slovenia mhm _4
and here is italy
xxx xxxx _2
slovenia is er _1 used to be russia russia right _0
it used to be former yugosl- _0 former yugoslavia
-slavia _0 former yugoslavia okay slovenia okay okay
mhm
former yugoslavia
and here we have switzerland
mhm _0 hm _2
and _3 with may _0 all those countries _0 will be joining also the european union
ah _0
so slovenia hunga- _0 hungary slovakia czech republic _0
hungary
will also be part of the european union at the moment _0 we have a big _0 order of the european union union _0 and with may we will be right in the middle of a new central europe _0 and our plastic factories is here one in a_[place3] and here one in a_[place4]
right _1
yeah _1
and it takes you two and a half hours to go from a_[place1] to _1 our a_[place3]
mhm _0
totally
countries are not very big here in europe
er by car _0
no forty million people _0
@@@@
not quite _0
except for france _1 spain spain has forty _0
germany big
they are big they have an eighty-five or something _0 eight eighty _1
how how many in italy _1
erm poah _0 fifty
no no no
no _0
around thirty-five
only _1
forty
hm
mhm _2
how big is er austria _0
eight
eight million _1
eight million yeah _0
and in swiss they have got _1
four _0 six _0
four
swiss _1
xx xxxx xx _2
four five yeah
okay
okay _0
okay we continue on the next page _3
very interesting
you will find the _0 the assortments _0 which are available right away _1 the new one is the lion king
lion king x _0 xx hm
hm
this is new to korea i i believe
right _0
hm lion king is very very popular
mhm
yeah it 's a classic i mean
yeah
yeah _1
you you know even the classic there are _0
you know the er
there are good and bad _0
xx
you know the the samples already what they look like _1 fiction types
mhm mhm
different characters
pumba
mhm _0
hey you even know the name _0 oh you read it
er it 's on
@@@@ @@ @
the catalogue
@@@@
yah i er hakuna matata you know @@ @@ @@@
right
ah
that 's the lion
and er
sorry
timo- timon is missing
hm i do n't see him
yeah that one is
mhm
simba
maybe on the rack but i do n't think so
mhm
xxxx _0 simba
mhm
nala nala okay
mhm _3
okay timon is missing
this is er mufasa
mhm _5
so the mickey mouse extreme _0 winnie-the-pooh _0 mickey mouse jungle book two _0 you should know already
yes we all have this we have _0 all this e- except lion king _0
yeah _0 the same with
mhm
loony toons _0 cool loony toons _0
mhm
loony toons back in action _0
mhm
f_haben f_wir back in action f_gelauncht f_dort
f_glaube f_ich f_nicht _0
so back in action would also be new for _0 korea right _1
excuse me _0
back in action er would also be new loony toons back in action _0
action
all is new
would also be new in korea
mhm okay _3
that was also for _0 a movie _0 loony toons back in action which was in _0 like _0 december _3
xxx xx _2
and i 'm not quite sure if we have the new dispensers cos i do n't think that _1
in korea _0
uhu _0
hm
this one
you know here here _0
no
here
no i do n't think so no no for sure
no
do n't think
hm
hm
mhm
so this could be a new
f_xxx _0 f_xx f_xx f_xxx f_xx f_xxx
ah there is some reason why why they choose erm _0
uhu
cos they 're angry looking or what
angry yeah angry looking
hm _0
that 's that 's _1 then er we thought that would not draw _1 a good er
mhm
response from er critics
we did _0 drop the xxx like put them on _0 f_dass f_das f_unsere f_sind _4
hm
hm
@ is it just is it just drop donald _0 is it just lack _2 xx xx _1
yes
because of the this is the angry one
yeah and
donald is angry but _0 others are not
pluto is also angry huh
@@
mickey is angry
mickey is mickey is angry
haeh _0
goofy looks dull
poah @@
@@@
goofy looks stupid @
@@@@@@@ @@@
he looks nice
@@@@@@
yeah i 'm just kidding
@@@
hm _6
well actually we 're we 're well _3 we we have different opinions
exactly _0
mhm
we all have a different erm _0 idea _2
but they would give some refreshment for the
yeah
for the xx xx
these are the xx extreme
mhm _2
in the old package _1
hm but _0 mhm okay okay _0
yah they look a bit funny @@@@ _7
but all this will be er blister card yeah
in blister xx formulate what all want _1
blister card yeah
by the way speaking of blister _0
mhm
mhm _0
_0 er _2 the backside
mhm
of the _0 backside the back
back
mhm
@ the back of the blister we print _0 during the production process that means we can offer you now _0
mhm
a complete korean _0 back
ah
ah
ah
so _0 whatever
mhm _0
you want on there
hm
this is your _0 your space
hm _0
if you need ingredients bar code erm
ah f_xx f_xx f_xx
hm hm
f_x
hm _2
f_xxx f_xx f_xx f_x f_xx f_xx
f_xxx
xxx _0
that means er _0 we can _2 skip the pro- process _1 for stick lab- er label sticker
oh you have sticker now
yeah i think so _0 no _0 no no no no we have a printing _0
mhm _0
i 'm sure
x xx _0 you have a special sign xxx xx xx _0 xxx xx xxx should i get the _0
i 'm not sure whether we have a
korean carton _0
yeah please i think _2 we have printing _2 i believe it _1
f_naja but this one _0 the back is now _0 country-specific
mhm _0 okay _1
so you also _1 if you want to have a some kind of _0 promotion here or kind of a premium game _0 hm or some drawing
mhm
whatever we can _0 place on this
mhm _2
so how h- _0 roughly how much space do we we er flexibility we have
the whole thing
whole thing
the whole thing
mhm
is yours _2
mhm _1
the whole the whole thing is yours
xxxxxxx xx _3 this one is
this one for instance is only only for germany this is the german
mhm mhm _0
pack _3 and the same of course here then
mhm _0
that was in former times with a lot of countries and declarations and that is now _0 with only _3
mhm _0
iceland s_is iceland @ _0
mhm
_8
yah
okay
so this is also a big advantage of this _0 new packaging _2
yeah
how many _0
er you mean xxxx _0 xx _0
f_naja we will define one
aha
standard
mhm
back like like one korean standard which we will use
yeah
mhm
our standard
all the time
cos there 's so there 's no minimum er
no
you have to print something anyway right
w- we print it anyway
okay
we print your order anyway and then _0
mhm
so there is no no p_meum only if you say we want to have a premium game
mhm
like for instance a some kind of shrek promotion and we produce to _0
promotion
to a special one then i know once a year we can do it but usually we use the _0
a shrek promotion
mhm mhm
standard one which you
hm
okay
mhm
which you define _0 how it should look like
mhm
okay _0
i mean your xx would _0 be rel- related to a_[org1] _3
so meanwhile _0 i can show you the loony toons back in action characters as well _2
mhm _0
they will all then be the blister packaging
mhm
mhm _1
f_xxx f_xx f_xx f_xxxx f_xx _0
f_xx f_x f_xx f_xx f_xxxx f_xxx _2
did you send the samples to our team _2
i guess we have to ask a_[S5]
okay _6
hm _2 f_xx f_xx f_xxx f_xx _2
yeah i see cos we already have to
f_ah f_ja
f_dass f_wir f_die f_jetzt f_schon f_haben f_xxx f_xx f_xxx
hm _2 so we all have a
no they know they have already their _0 their own one
f_ja _0
ah but this is old one
f_aber just in case they want to do some special promotion erm
but this is old one because old _0 very _0 very er old leisure _3
is it old one
okay so i do n't have an _0 i have to do package xx
i mean we need to
xxxx
we need to do a new one anyway
yah okay
and there you can update everything which needs to be updated
uhu
hm
mhm
but does this is the old card _0
because it carries are old advert we move er to new location
okay okay then we better
last year
stick those cards otherwise we get _0
confused
yeah once _0 once we receive your next order we will _1 switch to blister anyway in production and then we need to clear all _0 all er declaration things anyway
okay okay
and in regards of _0
these er _0
x xx
new er _0 characters _0
mhm
did you by any chance send samples already or
i just sent the xxxxx _1 er i will show you anyhow
so so we should send you a couple of catalogues i would assume
okay
yeah
mhm
of course catalogues
catalogues and _0
samples
some new er samples
whatever samples we have available
okay okay
x xxx x _0
lion king
xx xx xx xxx @@@ just lion king
and shrek two
loony toons back in action er
then sour mix _0
er shrek as soon as we have it _1
cola
shrek sour mix _3 erm any other assortment
what about the sesame street
sesame street they 're not xx
sesame street _0
because sesame street _2 have some
you know these characters or
yah we have them in
is it popular in in korea _0
i think erm _2
sesame street er _1
so we have a lot of new characters for korea this year
yes yeah
mhm
yah but _12
okay a- anyway we 'll discuss with our team _0
mhm
er can we bring this to xx
of course
sure yeah
of course
mhm
so then immediately _2
xx xxx xx _0
hello kitty you know
yeah
yes
mister bean you know _1
but hello kitty we should definitely put more focus on _0 i mean
more what
definitely
more focus on hello kitty
sure sure
because the target last year was fifty thousand and six thousand four hundred _0 and hello kitty is an assortment all over asia
mhm mhm
very successful so _2 _7
and then you have the baby bugs _2 you should know these already _0
cos you _0
xx
have _0 had _0
mhm
two thousand and two you had _0 the xx
mhm mhm
the bug friends as well _3 and then we have our seasonal assortments _2 halloween _1 characters
er
erm
as far as halloween and easter _0 there is no
no
halloween and easter in korea
right
okay _0
and christmas _4 not really
okay
christmas vague but er _0 i do n't think this christmas character er will be a success _0
mhm
yeah
yeah i mean we have _1 so many other assortments
yeah
that seasonal assortments
we have to we have to sell _1
yeah
existing assortments
right _3
okay then we switch to the _0 interactive line
mhm
mhm
where we can offer the cool school tool _1
which you have already _1
and _0 coming out this year the _0 sports set _3 which is a _0 stopwatch _1 that has a dispenser function included _1 and _0 also a whistle _0
whistle oh okay _0
@@
yes it has
and the fun xx x x xx
mhm _0
erm _1
six-pack no _0
mhm _2
especially for completing _1 xxx completing
cos this is _0 this is the xx x x x xxx which you ordered last year _0 was a little bit delayed _1
the idea was that _0 because this year there is olympic games
hm
in greece _0 in august
hm
and so _0 for olympics olympic sports _0 erm that that goes very well together that 's why we decided to _0 to create something a sports set _0 because sport will be in the middle of this year the _0
hm
the keyword i would say _0
has a er _2 battery inside _0
it has a battery inside
mhm
because of watch huh
yeah
mhm
or xx watch
electronic watch
yeah
mhm _1
mhm could be x _0
but we do n't have the prototype here unfortunately
no problem _1
and the sp- _0 sports set is coming out in june i suppose _0
haeh _1
f_na april x x
haeh
may
uh-uh
let 's say may
@@@@@@@@@
that 's brilliant we know
@@ _0
yeah p_optimistics say may @@@
okay i 'm on er page twenty
yah _0 within the fantastic line
mhm _2
there are the teddy friends love edition is new this year _0
global issue yeah
hm
mhm x they will arrive soon only right _1
x the whole year
just to have one of these
this will be really nice one for _1 valentine _0
at valentine 's day
mhm
yeah
which just
a subject in korea
really is _0
yah
really big
mhm
really
we launched for example within japan for valentine 's day
mhm
because _0
aha
for chocolate we sell about _4 about close to sixty per cent of our _0 annual sales
poah
hh poah
during valentine
wow
sixty per cent
because a_[org4] is your kind of gift _1
aha
yeah _0
right
so _0 if if this er _2 er teddy friends carries i love _0 but i love a_[THING1] @@
now you know that that it said different things
okay
i love you i miss you
i miss you
choose to be i love you i miss you
ha- happy birthday
mhm
love
oh love
mhm
and i love a_[org1]
@@@@@@@@ _0
that 's what we show to you
okay you can drop this one if you want to
hap- happy birthday
happy birthday is okay
mhm
uhu _1
but personally i love a_[thing1] but er the i love a_[thing1] will not sell within the product x
@@@@@ _1
yeah for the collectors @@
mhm mhm yes
for collect
mhm _4
okay good _0 f_xxx f_xx f_x
mhm _5
okay _3
so the cats and dogs you know already
mhm
or
mhm
okay _10
the change
change is _0 x xx
yes
f_na
yeah it 's the exchange
in the x
er _2 it 's coupons with the _0 like new product
well this is the regular pa- package line and this is the xx line _0
oh yeah mhm
x that
which are the small ones _1
and they are coming out this year
f_xxx f_xxx f_x f_xx f_xxx f_xx f_x f_xx
the p_mini-fantastics
f_xx f_x f_xxx f_xx f_xxx _1
the small one
this is small
yes but first of all _0
yeah
we start with the fuzzy farm
xx going away
uhu
mhm _0
and the cats and dogs _1
will continue _0
will continue the big success of the fuzzy farm
hm _0
yeah
mhm _2
even this _2 candies _0
p_half-size _0
half-price _0
cos it 's a small dispenser it 's a p_mini-dispenser
half-price mhm
i know
mhm _0
er the reason why i 'm interest in is the er _1 the _0 biggest barrier _0 what 's the price point
right
of the full size
mhm
right _0 right _0
hm
but this one is only about eight per cent more expensive so with that we should _0 no it 's less expensive
@@@
but
@@@@@@@@ @@@@
approximately twenty per cent less expensive _0
twenty per cent _0
at approximately twenty per cent less expensive _0
hm x x now
because we saw that also that the price point was too high for the for the confectionery shelf
mhm
yeah
mhm
you can improve it easily _0
yeah hm _2
dis- dis- display er unit looks very very
mhm _0
sensual _1 very _0 cute _2
very cute _0
mhm
this is really exciting for _0
xxx
so-called fancy shops
right
fancy shops right _0
f_xx f_xxxx f_xx f_xxx f_xx _2 okay _0 we 're very interest in _2
yeah but
f_xx f_xxx
the sample 's already in korea a couple of week p_agos _0
f_haben f_sie f_den
already
when was it
er last week _0
okay
sorry _5
yeah and this thing is the funky fizzy tip and fun _0
mhm _0 we are _0
it 's a
hm _0
mhm _1
there 's a lollipop inside
yah _2 mhm
if you open it _3
lollipop
mhm _0
xx
f_x f_x f_x f_xx f_xx f_xx f_xx f_x _1
when you open it _0 you find a lollipop in there
mhm _2
and the _2 funky p_fizzly powder
ah mhm _0
so _0 you have to
very sour huh
mhm
put it your mouth _1
yeah
it 's fun coloring
mhm _0
put it back into the _0
yeah
bag and
mhm _0
hh
and then lick it up
yeah and then
@@@@@
the tongue gets blue _0
@@@@@@ _4
so and inside of this package you find a sticker _0
mhm _1
of different characters of loony toons _1 which is also _0 collectable _0
yeah _2
but i just saw the _1 controversy in a_[place3] _2 y- you know
right right
yeah
mhm _1
but a_[place3] will be in the european union soon
no no that _0 is no problem but
f_xx f_x f_xx f_x _0 f_xx f_xx _0 f_x f_xx
even the candy _1 even candy is made in er made by a_[place3]
mhm _2 f_die f_machen f_wir f_in a_[place3] f_oder _0 a_[S4]
mhm _0 a_[place3]
f_x f_x f_xx f_x f_x _0
f_xx _0 f_xxx f_xxx f_xx
so do you like it _1
yeah _1 the c- candy is not m- made in this _1
no
factory _0
no in in _1
in our factory in a_[place3]
a_[place3] _0
mhm _6
okay _0
okay the candy animals _0 do we have got something here erm _0 yeah _0
i 'm interest in how it work _1 how you open
yeah i i _0 i show you _0 just a second
you 're getting a sample yeah _11 can i _0
yeah _0 you have to remove the plastic _1
f_xxx f_xx f_xx f_xx _1 f_xx _4 mhm _4
if you manage it _2
xx xx x
f_ja f_machen f_wir f_schon
f_xx f_x f_x f_x f_xx f_xx _5
and then _1 when you watch _0 his left _2
mhm
ear _2
yeah
you have to put it down _0
yeah i know
bit like this _4
and then the candy 's coming out _5 so you have the _0 the hook hook on it to _0 hang on a _0
backpack
bag mhm
bag yeah _5
xx xx x _10
they got different colors
yeah _0
y- you have _0
f_xx f_x f_xx f_xx f_xx f_x f_xxx _0
f_xx f_xx f_x f_x f_xx _0 f_x _2
inside of this
f_x f_xx f_xx f_x _11
x xx xx x
@@@
@@@@@@@
xx xx _0 what
we were
xx xx
ju- just
@@
m- mister a_[S2/last]
@@
@@@
you look very funny with the blue @@@
sh- show us your tongue
erm no @@@@
but then
@@@
but that remains only for three or four days
@@@@@@@@@@ _1
f_xx f_xxx f_xx f_xx f_xx f_xx f_xx f_x f_xx uh this one _0 this one some has issue _0
yeah
maybe because the er label is _1
ah the labelling goes on the _0 i do n't think x xx
the the carton
but it 's gold yeah erm f_wir f_haben f_den f_sticker f_verloren _0 we have a a sticker around the other part
sure
mhm a sticker
a label er a label
mhm
here
yeah around there so you can remove it easily
mhm mhm
mhm
unfortunately i do n't have samples
ah
mhm _0
but all the the decorations on the sticker _0
mhm _0
so if we send the film you produce the korean
mhm right
mhm
yeah _0 yeah
xxx
as a er like a wing huh
mhm
right exactly
okay good _0 because always _0
mhm
that becomes issue
mhm _3
okay
hm _5
this is al- also for a_[place3]
mhm
mhm _8
f_xx f_xx f_x f_xx f_x f_xx f_xx f_x f_xx f_x _0
so the _1 on the next page you find the protocol decline _3 including this formula one race car _2
hm
the dispenser function _0
f_xxx f_xx f_xx _0
f_x _0 f_xx _0
f_xxx
this is new
that was that was created especially and that 's why i found your your chart very interesting _0 for the duty-free channel
hm _0
er to have
ah
several _0 gifts in _0 the duty-free channel
it 's our oldest line
and also for for _0 toy er stores like i do n't know a_[org44] if it 's in korea or not
mhm mhm
but toy stores but mainly for for duty-free channel
hm _5
yah could be
mhm _1
_0 where pricing is not so much an issue _0
x x xx
than in the regular food trade where you
yes
and that _0 er access large a_[thing1]
mhm
giant dispenser right
yeah that 's also for _0
mhm _2
use duty-free _0 is too big
haeh
too big
too big yeah
too big
mhm
too big for what _0
for the shop
for duty-free _1 because _2 when they buy at the duty-free _1 they have to carry all the way _1 er _2
and then they go to xxxx
f_duty-free f_x f_xx f_x f_x f_xx f_x f_xx
mhm _2
because _4 duty-free they er buy this _0 for their _1 outgoing _3 directions _0 you know why i 'm
yah yah _0
but is too big for them to carry _2
well _0 i mean i do n't
this this one erm might be nice but er
i
thi- this is big one if you have a dispenser function inside here
mhm mhm _2 that 's xxx candies sold erm er in-flight _1
it 's delivered with eight candy rolls
haeh _0
also an option yeah if you have contact to that in the in-flight magazines
xxx
in-flight er maybe in-flight _0 that 's that 's to be that 's to be right _0
ah in-flight yeah yeah
here you 've got the
is it so quite er xxxx _0 xx x _0 xx
too big _0
we 've got that cool bag function
mhm _0
if you if you backwards
ah yeah yeah i see ah
go straight ahead
mhm _3
f_xx f_xx f_x
so they 're packed with _1 eight candies himself _0 package _3
xx xx
yeah what else
w- w- we will try in-flight _2
there 's also the pencil case _0 in the gift line
mhm _0
and inside the pencil case _1 there 's a dispenser _2 which comes together with two _0 candies these are in
okay
okay in _1 in the back of the catalogue you find all the measurements _0 packaging _0
uhu _0
for the _0 candies for di- -spensers
yeah that 's especially important when you place the next order _0 that all the dimensions of the packaging material changes because of the switch to _0 to blister
mhm mhm
so _0 you have to consider by _0 planning _0 er the content of the container that the dimensions _0 of the packaging material is now changed they get bigger _7
so our _0 importing department have to _0 consider _0
increase
that increased volume
right
mhm
mhm
right
but they may have to er _1 reflect this into _1 volume _0 er in the container _0
right
mhm
so unfortunately the the di- the disadvantage of this packaging is that we _0 transport a lot of air so with it so it makes the volume
the shipping cost
right _0
mhm
we increase no
right _2
how much percentage you lose in efficiency _2 you calculated
ooph not not really but _0 i guess
not awfully _1
i do n't have a
okay
an answer at hand but it 's _16
okay _0
_0
and we 're _0 the last pages _1 they show us the s_cvs material
mhm _0
a_[firstname8] a_[org1] _3 rack _1 the shelf display _1 wall display _3 and _0 the giveaways and incentives we can offer for you _8 for example the _0 the truck _0
the big truck is different to the other one because this is just a promotion truck not a xx xxx
hm _4
as a present _0
hm
a surprise _0
mhm _2
promotion just _0 for promotion
just for promotion
yeah _0 there is no
no no dispenser fun- function no candies inside _0
@ this is a _2 a truck light
mhm
right _1
mhm _10
okay you find everything _1 in the catalogue _0
mhm _0
described me- measurements _8 so _2 in case of any questions _18 is there anything i can _1 can help you _59
with this catalogue er i discuss without you
mhm
and then we make a new plan _0
sure sure sure sure sure
mhm
if you want to have any more samples or _1
yeah we will _0 send you a sample package
we 're quite nice
whatever we will need samples _1 we 'll contact er
whatever you 'd like
right
our charming staff _1
and i 'll send them to _0
is there anything _0
mister a_[S2/last]
i send the samples to a_[firstname4] _1
is there anything special which _0 should be included into the sample _0 any product you want to have for sure _2
we put everything in
i will i 'll i 'll provide you everything
yeah yeah put everything yeah
okay
everything okay
the whole xx
yeah _1 for idea
merry christmas
right
merry christmas
@@@@@@@ @@ @@@
erm
one is an xxxx
love edition xxxx
one one pallet per item
@@@@@@@
a sample
@@@@
@@@ _0
f_die f_xx f_geben f_wir f_ihnen f_noch f_dazu _0 f_okay _0 f_ja f_und f_was f_haben f_wir f_noch _1
well obviously we saw a very er _0 interesting series of new product _1 and er especially have to _0 do some _1 erm _1 maybe assessment from from our side _0
right
it 's too early to _0 give you _1 so this is really success _0 successful item on there but _0
mhm
i really saw some erm _0 very _2 progress _0
mhm
yeah i mean the change from er last year 's _0
right
er _0 product
yeah and it had it had it had also been some kind of erm _0 lack of communication with the changes within your
mhm
mhm
organization with the changes here so
uhu
maybe we can see this meeting as a _0 new start a restart for
sure
mhm
for more communication more _0
mhm _0
more planning together
mhm
we will also come to korea what i what i kindly ask you is _0
please
er until september or so _0 last year we received on a monthly basis a stock and sales report _0 for us to also follow _0 to be somehow involved in _0 in success or not success of of the korean market _0
mhm
so i would kindly ask you to send again on a monthly basis _0 the a stock and sales report
mhm hm yeah _0
maybe with some note what happened in this month like for instance we had a very successful promotion in a_[org31] or whatever
hm
mhm
mhm
or _0 sour candies are listed through the organized trade
mhm
@@ @@
some good news
@@@@@
okay
yeah _3
and also of the bad news and _0 something like last year that you _0 are out of stock because we can not deliver we should not _0 i do n't know what reason it was but _0
mhm
that is something we will avoid from our side
okay _2 any- anyway the er _1 i said communication er it 's quite er important _1 er especially the er during the change of organization er _0 both sides
yeah _0
your side also
right
mhm mhm
my side also _3
this year is going to be big success
@@
hopefully yes we we should
mhm
yeah _10
again er i really appreciate er _0 you 're _3 er our great er patience _2
erm _0 when _0 last year or
@@@@@@@@
er _0 i wonder what er a_[firstname1] er told y- you _1 your team er h- how to express your concerns in erm _2 interest in in clear er _2 the er appreciated is er our poor result er _0 but i really er _0 thank you _0 for your patience _0 but er _0 again this is this this is excuse but er we really had a hard time to _0 keep er the previous er employees _1 erm
mhm
unfortunately _1 er _1 product managers er all of them er _0 er they left _1
mhm
for er their own personal er interest or other _0 opportunity _1 but that does n't mean that our company _0 er is _1 er _0 less interest to them of course it 's true for them but er our company is er _0 getting _2 bigger and bigger not only er the sales turnover but the _0 yeah the bottom line is er _0 improving _0
mhm
er _1 p_overally er this year we _0 we er er _0 expect more than thirty per cent growth _1
if you have in total last year i _0 got the picture _1 for your company last year only reflect in a_[org1] or all over _0
mhm
your business _0 the decrease of sixteen per cent or was that just
some some part _0 decrease
mhm
some part er we increased _0 okay it it 's our job to _0 make a_[org1] _0 in the group of successful
@@ right
yeah
because _0 er _3 even in other product cato- category like er _0 le- let me give you example the a_[org2] 's knives _0 every year we we er grow a minimum twenty per cent _0 but _1 tableware a_[org5] _2 another kitchen a_[org26] _0 also from germany same group
mhm _0
actually last year was terrible
mhm
because of economy _0
right _0
so _2 it 's true that _0 not every product category enjoyed growth _0 some of them _0 has to suffer _0
and a_[org4] _0
a_[ORG4] er was _0 we we did quite good
yeah
yeah _0 we did quite good er and _4 it may l- sound strange but er _0 the valentine really er become a fad among
mhm _0
young generation _0
mhm
and er _0 not only er valentine xx _0 er special event like a _2 the college _0 entrance exam _0
mhm
mhm _0
it probably sounds very s- strange but in japan and korea even taiwan i think _0 er _0 entrance exam there 's a entrance exam period
yah _1
and both _0 wish a good luck _2 the young generation they give a kind of present
mhm _0
for good luck
mhm
mhm
and er chocolate become a _0
mhm
er good _0 item
yeah _2
so er thanks to those
xx xx x xxxx
yeah thanks to _0 thanks to that er _0 er er the trend
mhm
er our business _0 grew very fast
mhm _1
of course there 's a er _3 our activities which support _2 the success and i i really hope the same thing goes with er a_[thing1] _2
right so let 's see that there 's a new start this year and
needs
yes
you should you should er _0 come to visit korea
mhm _0
feel the er _1 feel the market _0
right
okay _0 er it 's _0 similar to japan _0 a more or less
mhm
mhm
quite different from _0 south east asia _0 bit like japan but _0 some things it is different
yeah
okay
mhm
and it 's a it 's _0 korean language is that close to any other language or
no it is very unique _0
so it 's completely er erm you do n't understand any other _0 words you do n't have any other words in common with other languages
we have common in _2 writing _0
mhm the japanese have something
no no no no there is a too _0 historically _0 historically _0 we are influenced by china
aha
mhm
okay _0 and we still use chinese character _0
uhu
in our language _1 but the reading er the pronunciation reading
mhm
the character is _0 different _0
mhm
er japan is the same as as us they have their own language _0
mhm
but they still use lot of chinese character
mhm
okay _0 we _0 have our korean er language develop in _1 fifteen century _0 okay
mhm
and er _0 our language is very _0 phonetically very scientific
mhm
okay _0 for instance _2 how do you pronounce _0 mcdonald
mcdonald
the family or what
mcdonald
the er h- h- how do you how do you pron-
mcdonald
mcdonald _1 american they pronounce mcdonald
yeah okay
okay _1 in korean we can write mcdonald as it is almost sounds _0 similar
mhm _0
japanese language can not _1 express that er the pronunciation
mhm _0
you know how they _0 write it and read f_makudonaldu
hm
@@
sounds spanish
@@@ @@
f_makudonaldu
f_makdonaldu
f_ach f_so
and _0
another
the japane- er chinese f_xxx f_xxx
yes
mhm _0
so well this is just er
right _0
one example
mhm
but er _0 we have our own language _1 which for foreigners _0 is er _0 quite difficult _0 to learn
yeah yah i can believe _0 and
@@@@@@@
i can imagine
@@
and
but we have very simple er alphabet _0
and is there a second language like au- in austria for instance english is kind of second language
no
well _2 koreans if they er they just go through the _1 er normal education system
mhm _0
we learn english from _1 nowadays fourth grade elementary school
mhm
right _0
until they graduate university you know
so if i if i step into a taxi in seoul i _0 they will
that 's that 's big problem
@@@@@ @@@@
like japan _0 they they and er japan and japanese and us er quite similar
mhm
education system
okay
xxxxxxxxxxxxx
but do n't expect _0 do n't expect you can
okay
do n't expect you can er er communicate with _0
@@@
japanese taxi driver with english
mhm
okay _2 okay _0
but now there is young generation they
mhm
speak er basic english then
mhm
mhm _3
okay then i would like to thank you for coming from frankfurt to a_[place1] for this afternoon
okay
no no problem
it was really _0 an important meeting
yeah
i would say to _0 get to know each other and to bring ou- ourselves on one level again _0
mhm
i really appreciate your time if you _0 came back i 'm sorry that you go back with a blue tongue _0
@@@@@@@@@@
@@
er when do you _1 do you have any er rough rough plan _0 er what when you er going to visit korea you have any er idea
i would say roughly around may
in may hm
roughly around may
may would be er may would be fine
yeah
to both of us because _2 er we have very _0 extensive er business trip schedule until april
mhm mhm
mhm
april again we will be in er swiss yeah
okay
but may is fine
okay
okay
yeah it 's will be around may but
and it will be very very _0 fi- good weather in may
@@
yeah
yeah
@@@@@@
okay
that 's why i said may
you know
@@@@@@@@@@@ @@
warm er it 'll be about
between twenty twenty to twenty _3 twenty-four _0 twenty-three degree
perfect
celsius
@@@
perfect weather for _0 store visits
and what about summer _0 you 've _0 thirty degrees also
erm
yeah
more more higher than thirty yeah
no no no
xx thirty
i- it 's like in austria
thirty is quite high _0 between twenty-seven to thirty
so ou- we can combine our climate you 've got the snow we 've the snow
i think weather here and korea
is really the same
is a bit similar but here winter is a bit er long
longer i think _0
mhm
i think
okay
a bit colder i think actually
mhm
but more or less
sometimes in korea it becomes minus fifteen _0 and l- and low
mhm
and lower _2
you 've got the four season
yeah
yeah _2
do n't forget that we have a xx
@@@@@@@
right
right well at at the beginning i thought that we would have some time also for maybe some store visits but i guess it 's time for _0
yeah
xx okay
taking you to the airport anyway i mean it 's not you 're not in a rush but _0 a_[S3] will take you to the airport
no problem _2 our luggage is in the _0 in the er
in the car
car yeah
mhm
is that at a xx car _0
xx
okay
we use the same car
okay
@
@@
yah then again thank you very much
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