so
a h
hello
hello
hello
nice to meet you
hello i 'm [S4] nice to meet you
how are you doing
thank you very much
m hm thank you
xxx hello [S4] yeah nice to meet you
mhm
thank you
mhm
so gruess gott
gruess gott xxx
x mich da zu ihnen
genau
xxx
wo sitze ich denn da oder was
ja
so you just arrived from
yes just from arrived from e r
from
frankfurt
frankfurt
pa- paris via frankfurt
paris
it 's a little warm in here right xx
yeah but it 's very windy outside so it 's
it 's quite
aha
it 's okay
do you mind if we take out the jackets o r
yeah sure
from frank furt
actu ally we start from paris
actual ly
but to to er frankfurt
ja but you you were not at ism
no
not e r i already told [S5]
yeah
in my pr- in my pres- previous email er our company policy e r we made decision that we will participate er ism o- every other year
every second
ja
every second
every second year ja so frankly speaking y- you know already [firstname1] is is not here
he 's on vacation
he 's on vacation this week ja skiing
okay
yeah because if you know this week is is er
so er
school holidays
mhm
so he 's taking his his children
mhm
for for for some skiing
so regarding e r ism e r next year we 'll definitely be there
mhm
but since we decide to attend every second year
ja
but er every year we come to e r europe
mhm
because in er frankfurt we have another big er sale for e r the the home er domestic e r er products like er
chocolate
no no no
and the er xx
tableware
aha
kitchen e r accessories
mhm
because we 're we are distributor fo r for the new [org2] 's knives
mhm
also e r
and that fair was in frankfurt
am biente
the fair is in ambien- er the- they call it ambiente
aha
e r two thousand four e r but we should be there e r every year because about four five of our principals are there
mhm
so ei ther my self or mister [S2/last] or even boss should be there every year
okay
we 'll try to take that opportunity visit [ORG1]
mhm
if you do n't mind for the year whe re where we do n't visit
perfect
er Ism so basically we can er meet every year
mhm
either in ism or we visit here
perfect
sounds great
of course either er [firstname1] or you you meet with [S5] or
yeah
i will be glad to
[S3]
right
visi- visit us e r whenever
[firstname1] was there last time in
march
la- last march
xxx xx
yeah
ja
x xx
mhm
sorry gentlemen to interrupt you i just forgot to bring you a coffee you wan na have
e r yeah coffee would be
okay
would be a good idea would it
did you hav- did you have lunch yet no
but i
but we did we did e r put put e r i also
yes
appreciate your time because just kn- knew that your office hours
o h 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 fri day we work until six
ja
we assume that er here in austria people work as we do xxx
ja not really we are a little lazy
do you work on on saturdays also no
no
no no
not all company e r bi- bi- e r takes off
mhm
fri- er saturday but company like us is a x ing company we er do n't work sunday saturday
mhm
but most korean companies still many of them are open half day
ja
m hm
yes
mhm so maybe first of all please let me introduce myself
okay
erm i 'm in the company fo r the the seventh year now
okay
xx x
e rm i used to be responsible fo r south-east asia
e r
er meaning er you know thailand indonesia singapore malaysia philippines and australia and also in in europe some countries like northern europe and southern europe a nd since er [firstname1] is taking more and more er management responsibilities in reg- in regard of marketing and and e r
mhm
a nd management within the house erm he gave over the responsibility also for the northern part of asia
mhm
except for japan
m hm
e r to myself
mhm
and beginning of this ye ar er er we hired also [S3]
mhm
mhm
who will
hm
basically it will be together that we that we er are here for you for your
mhm mhm
er for your markets
mhm
so whenever in the future you will er basically communicate to the
mhm
two of us
m hm
m hm
e rm the only thing is that erm since we have never met and [firstname1] is not here
mhm
mhm
there was a past history and the knowledge
m hm
m hm
erm is basically
[S5]
you get through
in [S5] 's
[S5]
in [S5] 's hands because she probably knows more about the history and wha- what
yes yes exactly
what used to be and er frankly speaking i also am not too familiar yet or too much involved yet er
mhm
mhm
e rm into korea
mhm
that 's why maybe we will have also time to first of all speak about your company
mhm
in order for me to get a
mhm
get a picture to know y- i mean we have to come to korea anyway
mhm
to to to to get deeper in- involved in the market but i appreciate your your visit as a kind of first e rm
sure
e rm let 's call it
mhm
restart since last year was not the the
mhm
the best ye ar er as i saw in the files maybe we can also talk about that
sure
erm ja and then we will present you also the news for this year
mhm
mhm
of course a nd when is your flight at
our flight is seven twenty in the evening
seven
seven twenty yeah
so we sh ould be at the airport at the latest five thirty
five
no
no even later six
seven six six thirty
okay six thirty
it 's a small it 's a small air port
m hm
so it 's not it 's not frank furt
yeah i was there okay
you 've seen it basically where you came out that 's the whole airport there
yah that 's the er actually second time but er i forgot that i have to walk to the terminal from the e r from the airplane
airplane
o kay
o kay
okay
there 's no
right
there 's no
yeah
right right
fo r the
yeah
the next connected
a very very small airport
i know
a nd you 're going to frankfurt
we have to be er to be back at frankfurt
and then frankfurt or xx
three nights in frankfurt and er
o h another three s- still the fair or
yeah
be- because fair started actually e r
yesterday
yesterday but our whole team except us except us
e r to day
toda- today they er fair starts
xx
hm
aha
[org1] is very important for us so we decide to skip one day
okay
the two of us
wow
an othe r
seven
five people
seven
seven people
mhm
wow
from our company it 's er they arrived er yesterday
so and you do n't
we have to join them tonight about ten o' clock
poah so you do n't have any jet lag or so
haeh
jet lag
because we arrived er paris
i am e r in europe for
yah yah e r wednesday
okay wow
w- we are in paris for two days
but what 's what 's what 's e r the weather like
paris cloudy windy
yah
yah and a ll rain
and in korea
korea when we left it was minus about three four
three four
wow
so you also have snow there
yeah sure
it 's freezing
yah
yeah
of course it 's pretty fun also
not as much as er here but e r we do have
yeah
four different seasons you been to japan
no er no
you 're mostly in er south -east asia right
i have been only to countries in south-east asia yeah
w- w- which one
e rm thailand malaysia indonesia singa pore philippines
thailand xxxx
viet nam
people over there come to korea for skiing
really
ye ah
ye ah
and i
wow
a- a- then ou- you understand er what the what the weather like er in korea
yeah but korea does not have any skiers in the world championships yah
but we hosted wo rld
yah right
yeah
world cup ski event
right
so
right
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 the giant slalom is taking place in korea i think yeah it 's always in the morning you have to get up in the morning to watch that race
hm so we were also
so would you like any thing
e r
not this time
not this time
not at at at the moment e r
okay
we 'd also tried to get e r to nominee e r to to be nominated as the er host country for e r winter olympics but we
xx
lost to
mhm
vancouver actually
mhm
vancouver
yeah in
canada
in canada
one of our pro vinc es
two thousand and ten i think
yes yeah
yeah
mhm
because it was a big e r opportunity for them
yeah because
that 's big province
austria was competing also for having the olympic games then salzburg was
oh really
e r really
mm
mm
so we also lost
next player
mh m
it was just the same
we 're in the same boat
erm and since when are you distributing [thing1] in korea
e r i think it 's good good three years xxxxx
xx ninety-nine
ninety-seven ninety-eight
xxx xx
nine ty-nine
it 's eithe r
ninety - nine or
ninety- eight or ninety- nine yeah
ninety
ninety-nine
okay
ninety- nine
and
yeah and l- let us
like milk
give you some
ist die milch eh genug
mhm
background
x xxx xxxxx
mhm
of myself and mister [S2/last] as well as our company
mhm
just as as you mentioned we have to know each other a little bit better before we er
xxxx
xxxxxxx
erm
sorry xxxxx
i i joined this company nineteen ninety- six
thank you
okay
but at the time i was responsible logistics
mhm
e r a- and i took over this e r management early two thousand january two thousand two
mhm
okay e rm and the company started consumer good business e r er nineteen ninety-five
mhm
e r with one or two e r international brands such as er er [ORG3] writing instruments you know [org3]
mhm
an d we we we have some pet food from states those are those were the two e r items we start with then we added
mhm
er as time goes by we added e r some famous brands like [ORG4]
mhm which you still have
which is er a- at the moment the biggest
m hm
revenue contributor okay
really
yes this yea r i mean revenue not the bottom line
okay that 's what i thought because oth-
e r
xxx x
this year
actually the federal budget starts middle of the year till the second er sept-
septem ber
september to er august
mhm
and last year e r this year it w- was of about eleven million us
mhm general xxx
this is our sales
okay
yeah
also the the kinder surprise egg
hm
no no er sur- sur prise kinder surprise no
o kay
be cause of xxxx
xxxx
we we e r actually tried to to to do some activities in this area but sav-
mhm
er the infant safety
infant safety issue
yeah
really
mhm
okay so the- there is no kinder surprise egg in korea okay
no no
no no
they have a [org4] is not at the moment is not interested
mhm
because you know it 's coated with chocolate
right
inside is a plastic
like a small
capsule with a very small toy
right mhm
mhm
so children can er eat that to y
o h
sw allow er and that caused some
right
some safety er concerns
mhm
erm anyway we do n't have er
okay
kinder surprise e r s- so let me continue we had e r we added [org4] then we added xxx [org2] knives
mhm
er we also e r [org5] from germany
mhm
e r
x
and othe r some er other household ware
do you have different divisions like a confectionery division and a
yes yes
mhm
so e r [org1] is belongs to e r on a lem- let me put this way i 'm responsible the whole operation
okay
the consumer goods as well as logistics for logistics we have a separate company called [org6] logistics
mhm
xxx
hm
[org6]
yeah yeah
[org6] logistics
mhm
and mister [S2/last] er i 'm bit er er we we we sh- share our functions
xxx
mhm
i 'm more for er er strategitic planning as well as e r business relationship with our principal
mhm
er in the meantime mister [S2/last] he 's the vice-president of consumer goods e r he 's more of the operational er side
mhm
so in most cases he make his own decision
mhm
okay but any stra- strategic decision he e r discuss with me
mhm
because i have another responsibility fo r logistics company i have to look er into there e r [ORG6] korea er was founded er nineteen eighty-nine
m hm
okay
mhm
but as i mentioned our consumer good business started nineteen ninety-five
okay
okay e r we started our business with er some tech nologic products still we have erm tech nology business unit the [org6] group e r is er made of three big swiss trading cooperations
what does [org6] stand for
yeah
so all those three were merged e r in a time of time er span of of three years
mhm
so first merger was between [org7] and s- er [org8]
mhm
that was year two thousand one
mhm
yes
a h there it stands anyway
mhm
hm i do n't know
then er this [org8] [org7] group merges with er [org9]
mhm
e r er last year
and now it 's [org6]
yeah
mhm
no no the year is two thousand two sorry two thousand two
two thousand okay
mhm
now it 's formed e r a big corporation called er [org6] now it 's the the largest e r trade- er trading er house
mhm
er in the region in the region means in asia
mhm
whole asia
m hm
okay e r about forty per cent our forty per cent of our our group revenue comes from consumer goods and logistics
mhm
abou t hh twenty-five per cent from our er health care
mhm
so our competitor is like [org10] in swiss
mhm
and the othe r remaining e r thing from our er xx ingredient e r chemical and er technology
mhm
okay but again er consumer good is the biggest portion of our group activity
mhm
er back to korea hm i joined this company as a logistics manager in nineteen ninety-six and took over er management er responsibility january two thousand two okay he joined e r june two thousand two
mhm
e r my background is er marketing and i er joined from [org11]
mhm
he joined company er he used to work for [org12]
mhm
the korea mobile phones
right
oh yeah
he worked for [org12] [org13] and e r some local er importing company selling distribution company selling er er cosmetics
m hm
that was his last position
m hm
okay e r
from cosmetics to sweets
but we w- actually we handling so many
right
different products
right
e r for cn- confectionery food items er we have two divisions under him one is called er consumer food division
mhm
[S5] probably you have er our old file introducing our our company you can refer later
i have i 've certainly have
but
yeah i did n't bring e r that one since it 's possible
xxxx x the file
cg is consumer goods
could be
mhm
yeah under cg there 's a consumer food division
mhm that 's food yeah
yeah mhm
e r there we have two brand er one is [ORG14]
mhm
the other one is e r you know [org14] chocolate
ja ja
from er swiss the other one is er [org15] that 's a probably second largest second la rgest 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 send you by email a most updated er company presentation when we go back okay
mhm m hm it it sorry
e r
mhm
er it would be nice to have the the corresponding er person
hm
whoever is in charge of
o kay we will do that
mhm we will do that yeah
we 'll do that
is that possible
sure sure
okay
thank you xxxx
mhm
xxxx
xxxxxxx
xxxxxx
[org15] is the er american company which owns more than forty or fifty er international brands e r h- like [org16]
[org16]
no no [org16]
[org16]
[org16] tomato ketchup [org17]
mhm
hhh yeah so many [org18] peanut butter
mhm
er you know the american foods
right
yeah i e r and ccd is er er consumer confectionery under them er we have er [org1] and [org4]
mhm
okay that division is headed by [firstname2] [lastname2]
mhm
kennen wir den
i 'm not sure well not personally un fortu nate ly
ya h ya h
mhm
he joined our company er last year
mhm
e r m
la st year
june
june
yes
what is he division manager or a product manager o r
he 's a division mana ger
okay
yah he 's a division [firstname2] [lastname2]
[lastname2]
and e r be fore he handled [org1] [org1] was handled by mister [lastname3] er mister [lastname3] was here er last year with with us
mhm
[S5] right
mhm
now he er when we s- launched this [org15] and [org14] last year we decide to e r move mister [LASTNAME3] the previous one
mhm
to take over the new responsibility for [org15] and [org14]
okay
okay and er by e rm you know [ORG4] and [org14] is er somewhat competitive in some sense
mhm
so it should be s- separated e r w- was the conditions e r we agreed with er [org4]
mhm
so there is now under mister [LASTNAME2] the [firstname2] [lastname2] and under mister erm [lastname2] is e r marketing staff er we call the product manager e r for [ORG1] is miss [lastname4] [firstname7] [lastname7] and so [firstname2] [lastname2] and miss [lastname4] is two persons at the working level er who could be your counterpart
mhm
okay
okay
daily correspondence er what ever actually given to them but
do we know them
im-
yes actually
okay
not not personally erm
but on email contact we have
hm
we 're glu ed
er
on way
that shall change
on the on the way to here from the airport i already told [S5] that for ism two thousand five e r we 'll have these two to attend
mhm
and if possible e r we 'll also send them of course with your with your e r arrangement s er like you did for bring other people this year er we 'll as- ask them to visit here to
mhm
look around factory because it was really helpful for us last year
right
er after we visit here we we can er er know much much e r better than 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
na there is our plastic factory for the dispensers
xx
e r
e r no no no no
time was too short unfortunately
mhm
so we 'd like to here x
but visited we visited nice places around [place1]
we did [place2]
yeah
mhm
we visited a lot there
ja ja
mm
and i i i learned that keppler is from [place1]
keppler
oh keppler ja ja
jo hannes keppler right
voll arg
how do you know keppler
then
know him
yeah cdd means cons-
do n't know it either
con sumer durable division where we have er [org2]
mhm
e r [org5] [org19] [org3]
mh m
and [org21] [org21] is a swiss er pressure cooker
mh m
o kay fld stands for er fashion and lifestyle division where we have er [org21] ladies ' scuffing
hm okay
fo r [org22]
fo r
[org22]
m hm
a ha okay
very very expensive product then eighty per cent for [org3] the er woman 's hair act service
yeah
mhm
then we e r recently started a watch imported from swiss
m hm
the the [ORG9] is very famous fo r watch distributor they used to er distribute er [org24] [org25]
xx
er m- many others e r product
mhm
then e r we also have e r
[org26]
the fs xx
full service
full service where we have er [org26]
service
mh m
coff ee from germany so we sell machi nes be ans coffee be ans filters w- we 'll do some er bakery e r er e r m- m- material er sooner or later
mhm
the last one is our duty -free team where we also sell some product to the duty-free shops down town in flight e r
a duty- free shop downtown
okay
down t- e r 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 down town
yeah
mhm
also in the airport right
mhm mhm
and also some based our duty-free items in international flights
okay
mhm
so we handled [org3] and er [org23] the fan accessories th- through our duty-free er operation
mhm
that 's about our er organization e r over all sales turnover this year is about hh one moment xxx it 's about thirty-five million us for consumer goods total
mhm quite an impressive operation
our whole group [org6] is about e r they own about sixteen thousand people er all over the world mainly in asia and er and in europe
mhm
including australia and er new zealand and er the turnove r is hhh xx xx
xxx
xxxx xxxxxx xxxxxx
xxx xx
it 's about four hun-
er five hundred million
hm xxxxxx xx x xxxx hh maybe always diffi cult to convert
five
five billion five billion
it 's about four billion us company
mhm
four billion us dollars
quite impressive
er [thing1] xxxxxxx i understand some other countries in the asia we handle [thing1]
really
pardon me
some some other region in a- a- some countries in e r indonesia
ja
s- i i i s- thought some of our affiliated company handles [thing1] no
indonesia
no
no
not in
we are the only one
yeah i had once a meeting with [org9] in in singapore we were talking about
yeah
vietnam
mhm
because e r they are somehow affiliated with the [thing2] 's distri buto r
yes yes yes
in viet nam and we want we contacted them then fo r but it actually it neve r really
okay okay i totally
worked out
understand
well
okay quite impressive and you started with [thing1] ninety- nine
yeah ninety-nine ninety-eight either
yah hh
sure
and actually the development was pretty good with a very good year in two thousand and two
mhm
and last year was
er last year was not
di saster
not satisfactory even to our selves
yeah
and we brought some e r presentation material for you
mhm
it 's okay
we 'll we look together
we always share
and if you allowed me about let 's say an hour we can go through because
m hm
it gives you er as as the contents shows you
yeah
the market overview e r what was the korean ecommu- economy look ed like in two thousand three and er its outlook for this year
mhm
then er we can go over to e r year two thousand three business review
mhm
mhm
what was our target and what was our achievement and what was the problems and what actions we
mhm
er took
okay
and the last last one is the business plan fo- plan for this year
mhm
our objectives and strategy
mhm
a n- er and w- we do have some a and p er summary
okay
is it okay that i go with this presentation okay okay yeah mhm
please please ja
er before we start erm page twenty-three is missing okay but it 's not that important thing er of c- and there 's a
mhm
we made some er cohe- correction here and there
ja
because we really e r ran out of time but my plan is to send you the er finalized one
mhm
er right after we go back via email
okay
okay i e r like to have your understanding i 'm at- page four er this is e- our economy situation from year two thousand two and also the forecast for this year
mhm
as you see the top line the er er gdp growth er last year was really bad from six point three percenta- percentage of per cent of er year two thousand two e r in the last quarter of ye- year two thousand two er most of the economy -ic e r institute they forecast the economy will be quite okay
mhm
in year two thousand three but actually it turned out to be e r not as good as er we expected
mhm
major er cau se could be e r there 're some but er sars was also not the major one like er to e r to other asian coun tries like er china hongko ng but
mhm
yeah yeah
korea was also bit e r influenced
mhm
because we lost lot of e r tourist
right
mhm
they know- they
then also the conflict with north korea right
there was also our continuous conflict
yeah
of course it is international concern of their er nuclear development
right
that also er a bit impacted also there 's a erm erm individual credit crisis that means the government to er government used to e r be e r the er you know government used to er allow bigger spending for er es- especially the young gene rations to revive the economy but actually that t- turned out to be a
mhm
wrong decision because people er spent too much money without proper planning
okay
that bring er
they could 've bought [thing1]
mm
that actually brought e r e r that er crisis
mhm
for each individuals so y- the young generation used to have er five or six different credit card
mhm
they spend the money when the bill comes they use the other credit card to
yeah
pay that one
yeah
like a chain reaction so that you could
right
you know she has to pay er the the last money anyway
right
yeah with interest rate
right
so e r also the the korean e r politics any er government er policies fo r economy was not that effective to er solve e r deal with the problems but that was what happened year two thousand three so er that really result in e r i- less confidence among consumers
mhm
so they do n't eager to spend money because future is a bit er er not clear
mhm
yeah
excuse me how many people live in korea
er about forty -five million
forty
it 's forty - five mill ion
forty
forty-eight forty-eight
poah
f- forty-five
forty-five
really wow
wow
xxxx
wow
in s- south korea or
in south korea
in south korea north korea we do n't know exactly how many because they
poah
right
many of them starve to death but er we believe that there are less than e r about seventeen to eighteen
mhm
million e r if the their government keep feeding them
wow
forty million
but they 're also our future consumer you know when we get er unified
right right
e r
yeah but that will take
a couple of years right
no body kno ws exactly when because has been that situation for half century already
mhm yeah we have i mean on a small scale that kind of situation here in europe with cyprus cyprus is an island also the turk- and and the greek side yeah
er yeah sure turkey yeah turkey and greece
mhm
and the the greek the greek side is now joining the european union
but
i know i know
and now they are discussing a bout very fast to get reunited
mhm
but our situation is more e r
yeah yeah i know it 's more difficult right yeah
historical
and more difficult
right
e r our economy e r w- we rea- we wrote read very int- interesting article xxxxxx
yeah right
i just t- just took the magazine from the aeroplane air plane
without e r
permission
without any er notification er this article er is about e rm the concentration of economy into metropolitan capital area
mhm
okay okay hh roughly sixty p- over sixty per cent of our economy is e r concentrate in the capital area which cause s a lot of issues and problems you know seoul is city of about twelve million people
twelve million
yeah a bit smaller than er beijing i think e rm it 's very it 's quite quite la rge city er with a more than one million cars on the street
i would n't have thought that
poah hh wow
okay er anyway that 's the center of our economy culture politics
mhm
so basically er any occasion e r
and also sales
also sales especially for the imported products like er [THING1]
mhm
er our sales e r i 'd say three quarter more than three quarter
m hm
seven ty-five per cent
m hm
is consumed in er metropolitan seoul area
mhm
so that also has some implication for our distribution coverage
mhm
er so far we er concentrate in er er metropolitan seoul area anyway let me let me go through
ja ja
okay e r year two thousand two our er gross national income er i think this is per per capita it 's about well xxxxxxxxx
x
w- was about ten thousand us
okay
e r before economy crisis which occurred ninety-seven er we really we could reach twenty thousand us very easily
m hm
but actually that was our our our
mhm
hope er because of ex change rate e r now we expect that we will reach on a again twenty thousand us with in the next two two two two to three years
mhm
unemploy-
x
u- unemployment rate is quite stable er it 's about
hm
three per cent but no- er because last year economy was so bad there were many e r e r people who could not find job after
a higher education like college or uni versity
mhm
mhm
the trade side er our export er however interesting thing is the our export actually recorded heist er quite recently so e r the main er items was er automobile
mhm
and e r
xx mobile
the mobile i mean the the it
m hm
espec ially the er e r er communication er
m hm
we sell a lot of [org12] mobile phone er item
mhm
e rm so we have some er surplus trade trade er surplus consecutively from year two thousand two we also expect some er this year er exchange rate against euro this is bit er issue we have at the moment er our korean won is e r depreciated e r substantially because the euro er is very very strong
mhm
okay e r it was fifteen thousand er sorry fifteen hundred fifty almost fifteen hundred er hh third quarter of last year it was about thirteen hundred twelve something twelve hundred something i mean so within e r three or four months time the euro e r went up almost twenty to twenty-five per cent
m hm
that also er is a pressure for us to to maintain er our position
right
that 's a bit our
but
e conomy okay
one fourteen us dollar euros are n't we now at one twenty-seven already
uhu
haeh
e r
maybe
this is if you look at this is a
it 's different
lg e co nomic research institute referred to november last year so
aha i see
year two thousand four is more of the e r forecast
but that
fore cast
mhm we have
yeah not the actual
yeah
mhm
you have to change that because one euro is one dollar twenty-seven
hm
so this is not er the real er number but a forecast ing number back back to november okay
xx
forecast
mhm
xx
xx
you have to change that
yeah
one dollar you get at one euro you get one dollar twenty-seven
right
right now at this time
er page five is the er
i think is the descriptive e r part of what i have just explained
mhm
okay e r i think that 's just a repetition of what i have just explained
right
now i 'm pages
some more water
yes
yeah xxxx
i 'm on page seven with some er comparison chart between er year two thousand two and year two thousand three there is a result e r
mhm
the unit here is er coffee no unit here is er e r that 's skin card based on skin card e r
so the the dis penser not the candy
dispenser
dispenser
er average monthly sales year two thousand three was about twelve thousand five hundred twenty-three however this is the minus sixteen per cent in terms of growth rate compared with er year two thousand two okay
mhm
and this chart shows you er what has been er wha- what was the er our monthly fluctuation as you see there 's some peak in april
mhm
because we have children 's day
mhm
right
like i think japan also has a children 's day i do n't know whether it 's may or
hm
i think yeah
yeah but e r children 's day in korea is er fifth of may
mhm
so april we do er some peak sales
mhm
er for the pr- pr- preparation of er er may fifth which is the children 's day
do we have children 's day no
no
in japa n
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 chil dren 's day
-ren 's day
right
you have mother 's day
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 and mother 's day in may
we have we have just one parents ' day
o h
hm good
nice as well
so you do n't have to make a double spending
o kay
o kay
right
but normally i have to say mother 's day is celebrated
mhm
and father 's day is
is missed most
much less
a h
a h
it 's not that important
it 's always the girls that get celebrated
er also i 'd like to make c- comment that er [firstname1] was he visited korea e r
march
march
march sometime in march er and we had a very e r good discussion e r and e r we agreed to do some active er activities in convenience store e r but e r i shall explain later but that we d- actually we did to to try to list our i- er product in in con- convenience store but actually that was n't e r successful because we have lot of returns er from convenience store that means the [thing1] er in korea in convenience store was not successful as we planned
in what packaging
e rm mo- mostly
x xx
skin card
skin
and xxx
what twelve
xxxxx xxx
yeah yeah yeah
of course i- i- i- if we talk about convenience store there 's very limited erm shelf space
and the the xx xx is er twenty twenties age of twenties
of er yeah
yeah mhm
and mostly female
yeah so you need to have the right er general fortune
so be cause cvs the mo- frequent visitor of the cvs is the er generation with age of
yeah
hm o kay
twen ty
mhm
so it 's not a loca- i mean place for the children to visit buy [thing1]
yeah
okay so a- anyway it was e r a good learning from us
it did nothing have to do with the packaging
no of course there was er some pricing e r pricing er barrier e rm
in convenience store
convenience store we 're talking about like convenience store is like [org27] or
yes
yes yes yeah
mhm
er but let me continue if you look at the monthly sales starting from july up until even november we 're really e r our performance was not good com- even compared with the year two thousand two
mhm
e r that was also e r er convenience store is is part of this result because we pushed a lot and actually it it the convenience store did n't e r sell off to the consumers then it really come back to us as a a return goods and also there 's some e r postpone- postponement of er delivery from your side so we had some little little bit of out of stock situation e r
for four months or what
not four months but er e r
i think it was just one time er
one time
one time d- one time delay yeah
mhm
anyway that with a e r the that was not major e r er contributor for er thi- this poor performance that er e r that 's what happened er last year
mhm
in overall sense okay
yeah bec- in the last minutes of meeting there was like in convenience stores a hundred fifty of six hundred fifty [org28] stores carry [thing1] at the moment [org29] will be the next approach total five hundred are targeted
yeah
mhm
mhm
erm
xxxx
is so we are s- still in the [org28] stores
xxx yeah
yeah
yes
in hundred fifty of six hundred fifty or
i do n't think so maybe hm at about forty to fifty per cent of [org28] xxxxxxx yeah
fif- fifty per cent so it 's more than
three hundred
yeah
i- i 'll give y- i 'll i have e r
xx
ach so
xx
more detail information
okay
yeah in the later chart
mhm okay
okay so er if i summarize what we have achieved in two thousand three er by product er category e rm the value here is the million korean won er our general target year two thousand three was about we will increase about forty-seven per cent compared to year two thousand two in terms of value
mhm
but actually we ended up with hundred thirty- four so it is minus twenty-one per cent in value er
yeah but from our side it was minus seventy per cent how is that possible
xx
from two thousand two turnover to two thousand three minus seventy
you mean the our purchase
you know xx
right
yeah also this xxxxx
ja aber ich rede davon
ja ja
seventy per cent
xx
seventy seven zero per cent
no
mhm
er skin card was minus sixteen
mhm
and re fill was minus fourteen
m hm
and in practice we started er quite reasonable we started into active product from er october e r last year for the xxx
mhm
e r so the er sales achievement is quite poor meantime we spent actually er over thirty-eight per cent of our budget for the a and p which is the er our target was twenty-seven but actually er we 'd used up er er twenty-seven million but we used about almost thirty-one million so we spent about er fifteen per cent more
what did you what what what excuse me
a and p
xxxx
n-n
xxxx
of twenty-three per cent of your sales you spent in a and a and p
yes hm
because our sales is quite low
okay
yes
right
right
i f if you look at the top line our original target was two hundred fifty million won er but we achieved only fifty-f- -four per cent of our original target that 's why the percentage wer- er a and p percentage against sales
mhm
almost more than double
right
from ten point eight of our plan to twenty-three point two as a as a actual okay
hm
and the interactive
interactive we started only e r started from october two thousand three okay
okay
yeah yeah
xxxxx
now e r by character e r the er let 's look at the one by one loony toon e r may er account for nineteen per cent of our total sale simpson is twenty e r
mhm
walt disney eleven and mister bean fiftee n jungle book twelve i and the others are quite e r
mhm
er the minor okay
hello kitty
hello kitty is e r five
but because that was successful all over asia
mhm hm
and we had targeted also fifty thousand piec es
yeah that was our original plan yeah because hello kitty is quite well known quite known in korea
yeah
right na all over asia
yeah
mhm
that 's why i kind of wondering why
i li- er i have to check when we started a- the response from the cons- consumer is quite good
right
i think we started late
probably we s-
late yeah
we launched it quite late
be cause in hongkong we got the [org27] listing because of
mhm
erm hello kitty right
so in summary the e r e r three major er figure character is loony toon e r walt disney
winnie-the-pooh
a nd e r jungle book
winnie-the-pooh
yeah
no winnie-the-pooh is just seven mister bean e r although we pushed a bit
xxxxxxx xxxxx
but actual uptake was not achieved
mhm okay
also the children they do n't know much about mister bean
m hm
mhm
okay
and simpson figure
hm
simpson
yeah but mister bean was n't
the children does n't know
a h
was not planned anyway right
xxx
xx
w- what sorry
mister bean was not planned anyway to be launched
yeah yeah
as far as i see
exact ly
actually the only thing i
actually we sold it but many of them are returned
right
m hm
okay so uptake was not good
mhm
xx xxxx
the other three loony toon walt disney and jungle book are still steady seller
loony toons
yeah of course
loony toon walt disney and jungle book
walt disney
excuse me do you have for the diff erent assortments always one bar code right
xx
er one bar code for all assortments
yeah it 's always the same bar code for all assort ments
yeah for one dispenser plus two refills it 's the same bar code
okay
as far as i know
er we got in hello kitty again the response is so far er so good so er we have some e r some some er expectations fo r hello kitty er of course i 'll give you more er details of our learning
mhm
from last year especially the er what we have to er do for year two thousand four
m hm
but hello kitty was a bit er early to say but it looks like it will be quite successful
mhm
er character okay
m hm
of course this er share of business and variation is based on value i 'd have some okay the next one will be quite er more analytical over er on our sales result per distribution channel okay so we have here convenience store department store [org30] hypermarket like er [org31] [org32] [org32] is local one and also general trade er bakery shop we do we do not have any er
mhm
sales outlet and special outlets here e r is like er er [org33] [org33] e r is the family restaurant owned by [org34] okay so if you look at e r cvs there 's a e r increase from may the sales e r increased from er dramatically from april to may and maintained er quite a good number in ju ne july and august then dropped dramatically again from september and october november even december there er is some minus number
mhm
er it it is as i mentioned er when [firstname1] was in korea in march we agreed that we have to do something for the cvs because we thought some opportunity there so we really push so we listed products
mhm
after couple of months when there 's no er uptake occurred the cvs head o- head headquarter asked us to er return er the the collection of return goods so that 's why why the number looks quite good fo r almost four months then all of a sudden the number dropped dramatically from september all the way to the end of
and that 's for sure the packaging with the plastic
i think so xxxxxxxx
but why would we launch this this
xxxxx
this packaging
it was a skin skin wobbler
yeah
yeah
this one
yes this one
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 why
vielleicht war er zu breit
why why you went with the the plastic tray
oh okay
because this plastic tray usually is not the best packaging since er it 's very difficult to merchandise if you take it out you will never
yeah yeah xxx
hm
xxx
haben wir ueberhaupt noch einen
xxx
nein xxx
ich weiss nicht
we we get one sample of that impulse carton
well if you go to er cvs there are multi- layers of shelf
mhm
okay er to put this kind of hi gh display
xxx
yeah so is it on hooks in the in the cvs or is it in the in the cartons
it 's in shelf but 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 heigh t is quite limited
mhm okay
okay
so the best location for this is a top shelf
okay
the top shelf is really tough to get
mhm
we have to com- compete with er the others
mhm
er where e r which also want to that spot to have that spot
sure sure
mhm
unless we have some good reference of sales
right
they do n't give that spot to us so many cases cases we end up with a in the middle or or the bottom
mhm
then this because of the height er we fetch we u- er actually in most cases should be er without
xxxx
so that 's why we use the plastic er which is er this this low low item
mhm but again that i understand it right the products are just lying in the shelf they 're not hanging on a hook they are just lying in the in the shelf
hm
xxxx xx
xxxxxxx xx xxxxxxx
xxx xx
this one
aha this one you have
yes we made e r maybe around september o r october
mhm
xxxxxxxxx xxx
xx xxxxx
here you are on page seventeen
xxxxx
ah yeah
e r
xxx xx xxx
mhm
yeah
and this is the presentation for the convenience stores
er convenience store as well as supermar ket
super market
for multiple purpose
mhm
we made about three hun dred
there are so we made this er this er er display maybe around oct- maybe october or november
mhm
so we are now starting
hm
because we realized that the visibility of this product is really important
right
and er in many cases the location er the [org1] product is found is er is a mid- middle er mid- m- mid-level of the shelf or the the the low the lowest
mhm
where the visibility is really where visibility is really er low
right
and so we decide to make this kind of a special er display
mhm
so we can e r
it 's there
yeah
you get it
that one
yeah
yeah
this one you know
mhm
yeah yeah so we can er persuade e r the er cvs store okay
mhm
xx xxxxx
mhm
e r the ne- er department store er i just see er there 's some peak in april and octobe r and december er we learned that depart- at er for the department store distribution er only the children 's day and christmas there 's er some peak but o- other than that the sale is just er quite stable and low okay
mhm
[org30] e r during month of may till september there 's er almost none because we had to concentrate into cvs okay so the- there was some trade- off between cvs and [org30] during the month of may till er august but from november there 's er some e r sales again er by that time we er concluded that cvs is not a a best e r solution for us so we change our er distribution er target
mhm
more to
e r where also we fight for shelf space
mhm
but these e r local products which is not exactly same concept as er [THING1] but some candies with some er to ys
mhm
selling between five hundred to six hundred korean won
m hm
where as our retail price is er fifteen hundred so it 's only one third of our price
mhm
so hh we sold a lot with some promotion activities in hypermarket but hypermarket we have to fight with local product with a very e r low price
mhm
er general trade xxxx
xxxxx
the general trade is the the candy shops
tra- traditional channel
tradi tional channel e r a bit looks for sure quite a fluctuation there
but so far we had in all channels in creases right
e r
in total
so er we see some er potentials in hypermarket and general trade okay
yeah but those twelve per cent in cvs does that mean we increased
twelve
twelve per cent in cvs
no no that 's the er
general
oh it 's general share
yeah general business
okay
hm
again e r the major contributio- -butor in terms of e r value e r among our sales outlet are those two so hypermarket and general trade
mhm
with er thirty-seven and thirty-one per cent
general trade er you sell directly to or wholesalers o r
wholesalers
to er
wholesalers
to wholesaler
mhm
and it 's true that there was some change of our organization e r last year er if if er [S5] remembers well e r as i er explained to e r mister [S4/last] er earlier today that we changed e r division manager from mister [lastname3] to [firstname2] [lastname2] [firstname2] [lastname2] took over e r as of september first was that september first of october
er augu-
sep tember okay
but in the meantime of er august
yeah he was a product manager e r used to be handled by [firstname5]
mhm
before [firstname6]
from before [firstname6] e r
ye ah [firstname6] to [firstname5] [firstname5]
[firstname5] yeah
there 's er some er frequent turnover
yeah xx
for the product manager fo r e r [org1] we did in e r less than one year time from [firstname6] to [firstname5] then now
[firstname4]
[FIRSTNAME4] [lastname4] e r so that al- that was also cos erm
xxx xx
not smooth e r internal er operation as well a- as well as understanding of market
right
to be true
to be frankly with you
ja ja that 's that 's clear if you change the product manager s frequently then
yes
cos everybody needs time to get into the business and once he 's in to
that 's yeah
another change so
mhm
e r
but this one is now [firstname2]
j-
[lastname7]
[lastname2]
[lastname2]
yeah
[firstname2] [lastname2] 's divi- division manager
division
ach so okay
and [firstname4] [lastname4] is the e r the er product manager
okay and sie she 's here to stay
oder auch nicht
or
o je
is she not
oh-oh
oh-oh
oh-oh
we appreciate these two [firstname2] [lastname2] and [firstname4] [lastname4] it 's really e r er important e r staff of ours
mhm
er and w- they are really e r dynamic and challenge er for their er success because those teams are also e r handles er [org4] and [org4] is really successful brand er we have okay
mhm
and [firstname2] [lastname2] knows the er [ORG1] very well because er e r he has been in england fo r from
he was raised in er england
in eng land so
with e r also
it 's a big friend there right
yes right
he knows e r
[org1]
from his childhood
from his
childhood okay
child hood dreams
right
so she 's very sure to to promote er the [ORG1] business
xxxx
mhm okay
the next one is er our year two thousand three sales by er major account e r the CVS we have three major [org29] and er [org30] which is owned by [org35] and [org36]
mhm so [org27] is not there
[org27] no
okay
e r [ORG28] as you see we did very actively from february till er march then we start to have some e r continuous return same as [org29] and [org36] xxx xx xxxxxxxxx think it was n't
xx x xxx xx
hm and and and e r [org36] which we started may we e r could n't sell more to them while we have n't started to receive returns which is not a good news again
mhm
e r among the department store [org37] is our major client
erm excuse me
yes
and approximately how many outlets do they have
which one
[org39]
i think two
two
department department store yeah main ly in junct- main department store in downtown junction yeah
then [org29] approximately five hundred or
hm
[org31] will be the next approach that will be xxx
xxxxx xxxx
xxx x
well that 's the e r total number of their shops
mhm
but i did n't bring how many we actually listed
mhm
because that does n't automatically mean that we cover
all
all of their er shops you know
their
their shops many of them are loc- located in the e r out-seoul in some er regional area where our product er is not
yeah is there like a a a central listing and you del- deliver the product to central warehouse
yes
yeah
yes yeah
and there
hm
is a planogram
mhm
in the shop
sure but er their head office decide the merchandising of each e r so every store does n't have a same product because of the
mhm
purchasing power and er the purchasing pattern is
right
somewhat different from e r
yeah
those stores
mhm
then [org30] er [org38] er e r is the the major one hypermarket er [org31] and [org32] e r those two other
how many how man- know how many [org31] s there are
probably about
thirty-one thirty thirty-one
thirty [org31] xxxxx
not not all of them
again not all of them er have [org1] products
really
no
o kay
and [org32] is about
sixty-one
sixty-one stores er maybe i- it 's worthwhile for us to give you how many out of those e r er stores we we listed
m hm
maybe we can give you e r
like how many
yeah
s- stores of each chain there are and how many
mhm
yes yeah
yes yes
yeah
we will give you detail
and because i r- i read here in the in the last minutes of meeting from [firstname1] wi- the meeting with [firstname1] last year
mhm
mhm
with ha- [org39]
[org39] yeah
[org39] super the full listing in forty-nine stores still exists but there has not been any sales this year
hm aha
so i guess we lost that listing oder
so tha- that was er year two thousa nd three
yeah last march
report
right last march
and erm okay i 'll check
o kay
one mo ment
hm
sure sure
just a moment only the sales in [org38] according to the level of listing in [org39]
no sales
no sales for forty-nine supermarkets oh the listing exists but there er was no sales
hm
the full l- listing exists but there was no sales to the forty-nine super markets
mhm mhm
xx xxx
ja wir haben eine listung aber das produkt ist nicht im markt
ja super also das xxxx xx
yah can you check on that please
yes
yes
o kay
so er then general trade and er specialty market e r have some contribution there again er also we can learn from this statistics that hypermarket a nd general trade e r accounts for more or close to seventy per cent is it seventy yeah about sixty-eight per cent of our total e r sales
of course what would be interesting here would be the comparison to the previous year
mhm
o kay
like in what chain did we
mhm
mhm
increase decrease i mean is the problem in one
mhm
chain or is it like through all the chains
mhm
er on page twenty-eight we ha ve that that much detail ed level but we have some summary of er comparison
mhm
mhm
not in store but the sales number of number of stores okay anyw- anyhow we will er provide the information you
hm
menti oned
cos then we can really see
yeah sure
sure sure sure
in what chain
mhm
happened what and m- if it 's minus that means returns
yes
yeah
so poah
yes a year
so that means [org38] for instance they got the last delivery in april then one two three four five months no delivery and then they returned the april delivery
mhm
i think [org36] we started listing er from no
no [org38]
er [ORG38] okay
oh [org38] yeah
yeah yeah yeah yeah yeah yeah because for for one two three four five months er we fight with them we persuade them okay le- let 's see and wait and they 'll
m hm
mm
they keep calling us hey mister xx
i have to tell you we focused on the hyper market and general trade
yes yes
mhm
that 's that 's another reason
yeah
but start to receive the er return goods from october quite a lot
wow hm
okay page twelve is er just a graphic of e r our top five clients
mhm
[org31] [org32] [ORG32] is a local e r hy- hypermarket [org38] [org36] and [org29]
mhm
okay starting from page thirteen e r what er those e r we listed what we saw as a issues and er what was the action we took to c- to er correct our input
mhm
er we saw some issues of a l- very low consumer uptake even we successfully listed our products in er cvs
mhm
e r and that a re again the visibility e r based on the location of the er our products on the shelf
mhm
and and a lack of er our investment in promotion of course the er in- er investment should be justified by the er er sales but er we saw these too as er major e r cause for this very low consumer uptake
mhm
and er the actions we took e r is the er [org31] is a good example but we e r tried to do some annual program with [org31] for ongoing display merchandising and we e r developed tool store fit er size rack er which er i e r showed the
mhm
pictures on page twenty-eight and also we called it wire rack so that was a bi- e r that was our er a and p er
seventeen
page seventeen
mhm
oh yeah pa- sorry page seventeen
mhm
we produced about three hundred of that
of those
yeah
yeah i i i drink a lot
keep talking
get thirsty
right
good
er we also did some consumer promotion for the festive season here means festive m- here means the er children 's day that really er paid off e r as we saw in the er in the statistics a nd er for their brand awareness e r activity er we last year actually we had a plan to launch our home page
mhm
er but still e r we will launch er very soon this year but actually actual er home page set was set-up was not
m hm
com pleted last year
mhm
due to e r poor sales e r our distribution coverage was actually in some area was er reduced e r the major re- reason is the er we could n't generate critical mass e rm a nd also there 's er one time e r forecast and sh ipment er was not smoothly er er support our business
mhm
because of a partner er forwarding
a gain er er the er that 's from our side e r we we give er
hm
e r the cause of this er e r issues
mhm
all right
the action o- er done is a key account management program we asked er [firstname2] to set up e r some program with imp- the the important er key account to develop some annual program for ou-
what is an annual program
it 's a yearly based program
ja ja i mean in regards of assortment in regards of placement or in regards of e rm activities
xxx
or in regards of price -off promotions or
xxxxx
erm mainly the activities
promotion ac tivity
like
promotion activities yeah
tas tings or
yeah like er tasting but e r
and
the most im- important thing is the display
mhm
so we made the [firstname8] rack er so this xx yeah
so this this clown or
yeah
aha
in [ORG1] we do those kind of er erm display
actually i 've got pictures er er
m hm
next page
not next to erm
yeah
so on six
page six teen
six teen
m hm
xxxxxx
e r it 's not easy to maintain the [firstname8] rack in the
yeah
er hypers- hyper market
m hm
right so
haeh
because [firstname8] rack is too unique and quite visible
yeah right
but
mhm
placing this one in the middle of the
tra- traffic is not really easy job to
right
maintain you know
mhm
mhm
anyway er we also e r trying at the moment to develop some new channel like a family restaurant where childrens come e r there with their parents
mhm
and also er new product launch like kitty hello kitty we as i mentioned the response is is quite promising er of course we should er maintain our human resources
mhm
to do a accurate forecast and communicate with the e r [place1]
m hm
to er er to get the er the right supply er in time
m hm
or on time
so at the moment we have a order in our house
n-n
now
i do n't think at the moment
was ist denn das eine palette oder
x xx
you have order received
no no no i do n't think so
xxx xx x xx
nein sag nein weil i do n't think so mhm
yeah because we still have er e r
xxx xx xx xx
stocks
mhm
okay from page fifteen e r these are the er activity highlight e r may last year er we did some promotion activity the theme of the activity was happy children 's day
mhm
o kay
e r the er the value we achieved er through this activity was twenty-three million korean won and activity er was that er point of sales the the production er we we we actually d- made some prod- pro duct of a pure sm like a balloon display rack wobbler
mhm m hm
and this was e r through the thirteen hyper markets er we t- we took the indoor promotion like we give a free er give aways free balloon and also we did some buy two get one e r r- refill free
mhm
the picture is as you see x there
mhm xxx
another activity e r we during the summer the theme was welcome uncle [firstname8]
welcome uncle [firstname8]
mhm
e r so we got [firstname8] rack and poster er we did activity e r in twenty hyperstores
i think about
er of [org31]
thirty
i think in twenty out of a
mhm
thirty-something out of e r
xx
our
two thirds
yeah two thirds so in the picture you saw some [firstname8] rack last one not
xx xxx
but not the least least is the er
mhm
er we 've developed this er wire rack to improve our er the visibility of the product especially in the shelf of er er limited space
mhm
e r we r- released the se product in the local super market as well as individual children 's stationery shop but started e r almost the at the end of last year
but m- you know that you could have those racks also from us i mean i do n't know if you b- if you buy it cheaper in in korea but
xxx x
hm
x x xx x x
i think that 's cos it 's i x
x
do you have a similar one
hm
here bigger
hm bigger
xxx xx
should have again xx
ours wide i would have thought
e r
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 getting a space in the s-
na that 's the same everywhere in the world getting space in
in a supermarket
it 's like a battle
the only
the only thing here i mean it 's a very nice display but
mhm
i 'm not sure what the licenser of hello kitty
u h
will tell us or
licency
the li-
lic enser
the licenser of hello kitty because i think that 's a hello kitty dispenser
hm
there and i 'm not i 'm sure that this is not approved by
o h
by
what
[ORG40]
[org40]
mhm
[org40] and if there is like simpsons
mhm
on a [org40] e rm
mhm
mhm
a h
header card
that means hello kitty should a- always e r display with a hello kitty only
nein u-
nein usually
display rack
usually every material needs to be approved by the licenser
aha
right
so every
yeah
every logo layout needs to be approved
hm okay
a h
if we do n't have the approval for that and some body from [org40] goes into a [org31]
mhm
o h
and sees that there erm dis-
hm
that there is er
but ours does n't have a [org40] e r the the kitty
simpson
mhm
picture
yeah it has the kitty dispenser in the hand
where which one
er the
yeah the clown
[firstname8]
the clown this one is a
it 's a kitty
is a hello kitty dispens er
dispenser
a h
o h
the
you mean the the clo wn
i mean it 's very nice but if [org40] sees that
oh
oh
er
so we are in trou ble
e r
e r
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 licensers first
mhm
aha
because
you know we get approval
the problem is not the product but also the display in it too uhu uhu
right
xxxx
so
excuse my korean
and so what what what would be the proper procedure
the proper procedure
er at this moment surely er
na the proper procedure is because usually also with those racks
yeah
er you basically have er [ORG41] and [org42] er on one kind of display
mhm
the the the general rule is every kind of printed material
hm
containing a licence
hm
needs to be approved by the licenser so the proper procedure would be you send us the art work we have to get in contact with licens er
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 procedure some times
hm mhm
sometimes we for instance in in thailand where there is millions of copies of licenc es and
mhm
mhm
mhm
i see picture
hm
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
licenser
in the first place we do n't like to cause any er conflict
mhm
mhm
yeah i mean
e r in terms of er licensing e r
right
issues
i mean on the other hand of course it 's
you have you spent you invested a lot to [org40]
right
and er er i fully understand that you do n't want to cause any trouble with them
yeah bec- er we can not because
so
i know
they will sue us
i know
so
all right well hm
er when we go back we will immediately
send this
mhm
to you
as a sample
mhm
mhm
and please check with [org40] whether this can be acceptable or not assuming that e r if if if they say no probably we will have to change the visible
i i think they will say no because usually
they will say no
usually every licenser er giving the approval for a header card for a display wants of course his licence to be on the display then they will never accept i mean we can check with them but they will never accept
xxxx xx
er [ORG40] dis penser and then
mhm
i do n't know
mhm
anything else but hello kitty
mhm
on on th- on the
hm
i mean this is this is only a small example i mean if you have seven hundred e rm or three hundred how many
three three
three hundred we produced three hundred
if you pro duced three hundred and
mhm
you have it in the stores since when since a couple of months
only e r one and a half month
x months
yeah then i think in that case we should not wake up any any dogs by going now
xx x
now since it 's in the
o kay
in the trade
yeah
now to the licenser and ask for permission because if they say no you have to remove everything
m hm
i think that 's for three hundred displays not not relevant
mhm
but maybe we can agree in the future whenever
sure sure
you put any kind of display so or do anything even if you place and ad in a in a comic magazine and you lo- you y- y- you use the licence everything basically needs to be approved except if it 's images of our products i mean if it 's the if it 's a donald duck dis penser
mhm
you show that needs no approval if you if it 's a pro duct
i know
product is er
like but but if it 's like the the
xx
like this one for this one we needed
mhm
four
yes
four approvals from because it 's four different licensers to be on that kind of
mhm
of leaflet
mhm mhm
ja so maybe in the future we we can we go the
mhm okay
the correct way plea se
so e r that means we better change as soon as possible before any [org40] people see that and in itiate some unpleasant er hh power of action against it
yeah i wou- i would say since according to the figures erm you you should put [org40] characters anyway on there because they 're very very successful
mhm
so i would suggest to put hello kitty on the display
but er the problem is this [firstname8] rack holding
right
a kitty right
right so basically it is not allowed
mhm okay
but i hh i mean i 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
xxx xxxxxx
xxx xxxx xxx x xx x xxxx xx xx xxx x
xxx xxx
it 's like a in surance you know
pardon me
it 's like an in surance you buy
right
the chance you
right
got in the acci dent is really really low
right
only for xxx just
and you buy
any insurance yeah
oh
yeah
whatever this e r licensing should xx we better do something
right right so
mhm
sie koennen ja das fuer einen anderen spender nur muessen sie halt die xxx
yeah if you take again an un licensed
xx xxxxx xxxxx
character like
take it as a
santa claus here
xxxx xx
what if a- anyway we we we could do some
sticker
producing some sticker to cover this e r
to cover yeah cover hm
this er
kitty
hello kitty
mhm
but with some
some kind of promo tion
other
er writing or something
right
yeah
or a
we we 'll do a
price tag or something
ye s right
we 'll find out what we can
yeah i
yeah
m hm
but it it is very good e r good er er good advice
mhm
from you okay
and please in the future always
mhm
okay
yeah yeah
be careful with using licences
right
x a bit unprofessional from our side
n- yeah i mean i i see the good intention but y- i also see the risk of
sure sure yeah
o f the licenser
if we so- produced about 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 okay now er i 'm on page eighteen pardon yeah page eighteen these are the summary of our learning point e r er from year two thousand three operation er what we have learned er as a first the the product use product use here means that we have to show something about [thing1] to to er put put some er there 's a character called digimon digimon is japa nese er you know di- digimon
mhm
mhm
right
digimon yeah
mhm
yeah it is quite trendy character
still
yah
hm
and er our competitor local competitor which sells er not exactly the sa me concept but a product with some to y figure they 're using er digimon
mhm
i believe they e r pay a lot of er licence fee for that but e r this kind of e r figure can be dramatically grow er awareness and volume er in this regard we believe er kitty hello kitty which is quite world-famous
m hm
e r can be accepted in the market but er we believe e r we want a series of kitty i mean kitty figures could be er er different figure probably you have i have n't look at this er new channel yeah yeah o kay
we 'll show you the
the news later on
hm
then e r dis-
in terms of distribution e r
xx xx xxx x xxx xx
we believe the modern trade especially the
xxxxx xxx
cvs
mhm
is not people keep collectible product s e r which is [thing1]
na ja if if i m- may erm make a comment there
mhm
the impulse channel erm
impulse chann el
the impulse channel or the cvs er cha nnel
mhm
is very much er licence -driven meaning if it 's in the impulse channel the licence is very important i mean nobody would buy [thing1] there they just see hello kitty or whatever and then e rm that is a i think a very crucial point o f what licence is in the cvs
hm
and if you had for instance
hm
just a thought last year mister bean
hm
in the convenience channel then i would say that might be a reason that it did not work if you had e rm hello kitty for instance or any kind of movie e r
hm
topic which is hot at this moment
hm
yeah
like this year for instance a spider-man movie comes out
mhm mhm
if you have the spider-man characters
mhm
in the shops
mhm
and you can profit from all the the m- the the the promotions of the
mhm
of the movie and the mer chandising
mhm mhm mhm
then i am sure and i see that in other countries that the s - the cvs erm channel
m hm
the impulse channel works but it 's very licence-driven if it 's the wrong licence you 're out
yes
mhm
and i guess that happened last year that it 's j- was just i would assume it was mister bean and mister bean was not very
mhm
let 's let 's call it not very popular
e r that 's exactly w- what we m- meant as a product use
right
hm
okay and of course er should be very timely okay our experience last year
jungle
jungle b- jungle book
mhm
e r actually launched er after two or three months of a real the movie e r sold
movie movie was e rm from last of february something
mhm
m hm
and about xx
the product was available was sometime e r
june 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 li cence
yeah
mhm
yeah
a popular licence at the right time
right
and then it also works in the impulse channel i 'm sure
yeah
also movie sh ould be successful
right
right
so it 's like er spe culation
right
right yeah but that 's er also kind of our job and our risk
right
also a risk to find out what will be popular next year
mhm
mhm
i mean that 's
i
i thought is er spe culation no
right and sometimes you have
and also mista kes
some times you have a hit and sometimes not really so
mhm
we have to admit mister bean was not really a hit and erm
i mean you mean the er the overall market
right
general trade
a ha
oh really
general mister bean was not really a hit
mhm
per sonally i like er the mister bean er very much
yeah me too but
a nd et was also
hm
i do n't know if you had et dispensers but et was also
probably we did yeah really
yeah
not a hit
yeah
okay
okay er now er talking about target er kids are no more gullible than adults per haps even less so they 're
xxxxx
excuse me er gullible i 've never heard that word what does that mean
hm
gullabry more like that
x [firstname5] xx
gullible
gullible gullible yeah gullible means not english word but like er greedy
e rm
er oh oh no no no
xxxx sometimes i i 'm i 'm bit confused
hm
have you ever heard it that word
yes yes
yeah na then we look it up in the dictionary does n't matter
mhm
i 've nev- i i 'm just curious because i 've never heard it
erm i 've heard it but i 'm not sure
gullible i i 'm not sure but e- either greedy
m hm
if i 'm correct or easy to be deceived
mhm
mhm
okay
gullible
if i 'm right
mhm
but w- why should we d- deceive
xxx xx
hm
deceive kids
perhaps
any way
x xxxx
i will look it up
o h yeah i think it easy to be influenced
quite unfit fo r small child ren
yeah
or easy to be deceiv ed i think yeah and er gullible er
mhm
mhm
so that 's why it says their intake of advertising
m hm
is reception of advertis ing is
xxxxxx
mhm
is larger than any other demograph- er demographic group
mhm
okay
mhm
mhm
anyway sorry for er
hm
no no it 's just sorry for my
e r
no no no no
i 've just never heard it
mhm
it 's bit er quite american er
no
now e r e r this is a and p spending summary for last year e r by agreement er [org1] decide to er contribute ten per cent of our xx we purchase
mhm
that is that is the er made contribution so e r er year two thousand budget e r which is atl is er above the line hm e r means mostly er advertising and
m hm x
public re lations
yeah
okay and below the line is er mainly our promotion activity
mhm
e r our t- a and p budget target is twenty -seven million korean won okay
m hm
er our budget according to our budget we decide to do most of e r spend that most of fund to promotion activity which is er below the line as you see there e r above the line which is advertising and promotion only accounts for e r six per cent
mhm
for the total but actual we we e r used about
xxxx
aha
three per cent e r in er atl and ninety-seven per cent of btl so actually we spe nt about fifteen per cent mo re than our budget target whereas our er sales reduced twenty per cent of er our actual compared to two thousand two even purchase amount is dramatically er reduced to minus seventy per cent er in terms of our xx we purchase from er your side
mhm
okay so e r
so- sorry that 's that 's in korean currency
yes
mhm
we get actually actually y- you get you know that 's
yeah the problem of course we have there since our
m hm
turn over to you
mhm
de creased by seventy per cent
mhm
mhm
er we have a a minus
m hm
with the ten per cent erm a and p contribution now of one thousand euro
yeah
i mean that 's the materials we have sent to you
mhm
most ly the [firstname8] [org1] racks
mhm
and the wall displays
yeah xxx xxx xx x xx
so you spent e r almost one thousand euros er more than the
mhm
hm
right
the the w- what should be the er
m hm
hm
pro per target i mean the the budget
yeah
right yeah
mhm
yeah because yeah because they our turnover decreased by seventy per cent and there fore
turnover
xx
mhm mhm
yeah
i clearly s- i clearly see your
we need to know what the
your point
yeah
mhm
i drank almost one bottle
xxxxx
and and no no need to go to the bathroom yet
no
o kay
like a camel
right
hm xxxx
mhm
well e r [S4] i i see clearly er your your e r concern but er last year was our our er performance was really er unsatisfactory yeah
right
so let 's look at er this year business plan probably you can give us some er comment
mhm
er actually this presentation material is pre pared by of course [firstname2] and er [firstname4]
mhm
and they created some some er jargon do you know the word jargon jargon jargon
j
jar gon jargon
ah ja ja ja ja ja
jargon yeah
mhm
imc okay that 's integrate marketing communicative
wow
quite look- looks something huh
right
quite impressive
quite im-
e r this imc is e r er targeted i mean they made er four er components advertising brand news promotion and channel and and the the ultimate objective is to we have to build a brand awareness path otherwise will be quite e r diffi- difficult to be successful in korea
ri ght
okay so now the sales target we have raised hhh very e r aggressive one er this year compared to actual not the even e r y- year two thousand two but e r in terms of value this year we er targeted sixty three per cent okay
that 's in - market in-market growth
growth
in-mar ket yeah there 's a project xxx
that 's e r project e r we had e r
e r i-
it will become the er xxx xx xx xx
mhm
danke schoen
at this moment we could we did n't bring any purchase plan
m hm
er with us because we 're in the process of e r figuring out how many returns an d we we have to e r consider into this er target anyway we will su- we 'll give you very shortly o kay
you want some
m hm
okay e rm the most of growth most of growth will be in e r in er re fill of course er skin card is er thirty per cent
right that 's some excuse me that 's something i i noticed here when i i i saw the pictures with all your promotions
mhm
i do n't see any any re fills on any on any of this dis plays here when you have the the promotions
mhm
like the happy children 's day i do n't see any refills or the welcome uncle [firstname8] i also do n't see so this is i would say at least one row if you place a clown display you should
mhm
mhm
should be re fills
mhm
okay okay we 'll take that point
yeah
and to achieve this er sixty-three per cent growth over e r year two thousand three actual for this year er we have planned to spend about forty - two million korean won which is about thirty -five per cent more of the e r of the er what we have spent last year for er a and p er er er this will e r be about about twenty per cent of total er er sales okay
mhm
again er we expect that we would get your contribution of ten per cent of our actual we purchase which will which we we will er provide you shortly for our purchase plan er it will be early early march okay
what
the the figure for the purchase figure bec- because
ach so
ah
we we 'll be back we 'll be back e r at twenty-eighth
end of this month
er not twenty-eighth twenty- seventh
twenty-seventh mhm
i 'll be back in in the office
mhm
mhm
so i need couple more days to er to review in detail then we 'll give you e r our purchase plan for year two thousand four
right because
ye ah without that xx
you can not really calculate what promotions you can have
xxx
of course you should you should have that number to to plan your your your part
right
okay okay
and i hope we have a seventy per cent in crease then this year
after a seventy per cent de crease
our marketing objectives are made of three points er increase distribution coverage level and also enhance er consumers trial and repeat and also er successfully launch new product items like the er hello kitty and the others maybe e r you will show us e r right after my presentation you plan
mhm
xx xxx
mhm
okay e r the sub sequent pages are about our sales strategy as well as our marketing strategy er w- we ha- we will execute some product visibility program to er display in merchandising in er promotions for both trade and consumer and and developing rack not er not no- only develop but er er using er [firstname8] rack xxx [firstname8] rack and er point of project calling i 'll just skip all the details so it 's not important
a balloon wobbler
hm
i just have a question a balloon wobbler wobbler
i think balloon can not wobbler that 's a balloon wobbler
okay right
hm balloon wobbler
and er we have to regain some dispution in the in the er some er little bit probably cvs not in the big er scale but er we 'll try again as well as the er because we developed e r this er wire rack with fit size to the not only cvs but al- er not only hypermarkets also the cvs er so department store hypermarket special is also wholesaler and new channel development for fancy shop fancy shop means er er independent or chain shop where they se- sell fancy things like erm accessories or e r xx items for kids er family restaurant resumation and amusement park
mhm
and our marketing strategy is basically has two theme which is there er increasing our brand awareness and also we have to do some education continuously educate our er consumer okay to
excuse me when you started with [org1] did you launch the brand new or has it been on the market for for a longer time
yes
the [org1] brand
xxx ich weiss es nicht
na [org1]
haben sie [org1] eingefuehrt in korea oder hat es das schon frueher gegeben
is was there any distributor before us i do n't think
i i do n't know that 's why i 'm asking
i do n't know
we are the first one
aha
x xx
so you have launched the the brand or the product
yes yes yes
mhm
into the korean market
mhm yes
it 's not like in japan that it 's on the market for thirty years now
no no
okay
xxx
okay
ja da haben sie den auftrag gebraucht
mhm
get s of these to our marketing strategy
marketing
talking about xxx
and also for this er er continuous consumer education as i mentioned earlier we will launch e r er internet website
mhm
ah which has been pre pared since e r last year
right
yeah er probably you see some urgent e r the marked minutes
mhm
there that we already started to to develop
discuss about
yeah and discuss and develop
hm
we will let you know the progress
mhm
okay we hope that you could have one e r xx
mhm
xxxxxxx xxxxxx i do n't know
mhm
which was that
erm e r xxx for the last part
supply single portions xxx
mhm
so what what what is your question
hh er what 's the single portion xxxx not the xx xxxx must this xxxx
okay
or not yet
hm
decided i guess
mhm
xxx xxx
xxx
maybe it 's 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
so why do n't you check on that
yes
okay er pages twenty-eight is the er sales target to channel so you see e r some change in year two thousand four target er for instance the cvs we er see a bit less er activity of course the er the er there 's an increase of our sales target in cvs but the the share of the er cvs to hold er the total to be bit reduced okay
mhm
twelve per cent to eight per cent then the increase major increase is will be e r not major but erm the increase it will be general trade and hypermarket the key accounts e r it 's more or le- more or less the same
mhm so we get back on the level of two thousand and
two
two in the
mhm yeah
mhm but we have ambitious plans when it comes to
general trade
general trade
yes
because we should buy some kind of a very selective er channel
mhm
we usually try er and get some general information about the er customized
mhm
market
mhm
yeah
so if you look at the absol- absolute number e r the er the major growth is in er hypermarket [org30] erm compared to year two thousand three
right
e r hypermarket [org30] and general trade ninety-five sixty-three and sixty-six per cent er respectively yeah
mhm
okay a and p plan for this year about twenty per cent of in-market sale of e r with forty-two million korean won e r to increase brand awareness we 'll spend some money not but the five million is not that big one to do some e r promotion and sponsorship
mhm
and again most of the fund will go to below the line whereas the in-store promotion is the biggest er component of
in- store promo means
w- we s- we
something like that or
yeah something like the picture e r wi- with e r
happy children 's day or
you know
promote yes promote er
mhm
to the promote yah there is the display rack tray sample e r more or less the same er level so er detail activi- activity plan i 'm on page thirty will s- spread over e r year round
mhm
from march to october e r course on online outline we 'll er do some p- promotion activity er xx xx
xx
the the public relations e r we 'll make correction hopefully we will make correctly past the new trend
right
mhm
we should work with a pl agency then children 's day we have some er special activity or event like best man contest share your sweet to friend targeting for e r
more like half
e r children 's day and this may is the children school picnic er concentrate during this er season
er in the summer er we will do er in-store promotion you know the hypermarket can see er hy- especially hypermarket it 's quite cool inside there because air conditioning the people sometimes rather than staying home where it 's quite
mhm
hot they visit er hypermarket
mhm
to get refresh and er well that 's the time for us to do some er promotion also and we 'll do some sampling for students who visit amusement park and museum which e r usually er which occurs er mainly in september october period for these are total er er of a forty two million er we have a standing now
mhm
for example yeah of course this is a plan so e r there 'll be some er change and e r revision erm
right
of our plan anyway so we will give you that 's it
mhm how was the communication anyway last year
in what regards
in regards of figures er activities
xx xx good
yah
you sh- er there was er we accept that there 's some er problem from our side due to a turnover of the e r
m hm
re sponsible er
mhm
personnel from our side but
mhm
this year i 'm i guarantee you okay
mhm
er my coordiner [firstname4] will be er more
focused
er dependable
mhm
okay
okay
because er especially [firstname2] er he he does n't have any er communication problems
mhm
so er with other er peaceful and i hope he use the same er practice in the er the the attention to to [org1] than xxxxxx
mhm
he can explain what is gullible anything
he 's the
right
i i i know gull ible is easy to be
hm
e r affect- no deceived it is
yeah
i do n't think gullible is the right word
mhm
okay
xxx
hm
okay
okay the last page is the our activity calendar e r theme er usually january march is back to school april may children 's day from june to august summer vacation september october field trip or picnic
school picnic
right
november december is targeted for christmas in there these are the matrix
mhm
okay that 's about it and er we we er noted down
mhm
e r whatever you asked
hm
at the
hm
e r at the requirement erm for us to send you
mhm
for more detail information and er
mhm
yeah what thank you very much by the way for that erm what would definitely for us be of course very important is that we get a a plan of purchas- purchases from our side
sure sure sure sure
that will be done er
but
no later than early march
but please not just in turnover but in 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
right when
even what of the assortment
xx
okay
xxxxxxx
mhm mhm
any idea
yes
but definitely please a quantity plan
mhm
that we
sure can you take five minutes break
sure
i have to go
yeah sure
the men 's room
sure
xx xxx
after two bottles of
hm hm hm hm
sure
you know we all need a stretch
right hh
aha
you also right
some
some people need a cigarette
do you want erm snack in between or
no hh
cos i 'll i 'll take me a snack i
please go
my stomach is already
ah
yes
okay i 'll be back in five minutes
you know about plate right and erm
er show you the products show you the product
so if you could please provide us with this er quantity plan
mhm
and er with the with the as we said the key account e rm matrix of how many stores are there per per chain in how many are we listed
mhm
mhm
yeah i know
and before we hh go to the news i guess i have one one good news and one
bad news
bad news
okay
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 new s
pardon me
why you think it 's the bad news you know
because the bad news is that in times of this strong euro
a h
hm hm hm hm
we have
erm we
have to increase your price or what
we yeah we still
mhm
e r and i 'm sure you have discussed in the previous years er with [firstname1] also
mhm mhm
erm but we can not the good news will then be that i can offer you
er something that we can somehow erm support you
mhm
when it comes to to the currency
hm
erm variations
hm
throughout the year so there we have found something tha t that i can offer you but with all the the new licences we buy we we have this year four new licences and every year e rm at least four or five new assortments er with all the new packaging materials a nd everything n- new you will see later on we can not maintain the current price level
hm
for for korea which we had in the pa- past couple of years as far as i know the last price increase was
quite minimal hm
yeah it was a a long time ago i 'm sure
hm
er [firstname1] mentioned the need already last time but i guess i 'm the bad guy who has to as- to ask you now we need to increase the prices by five per cent
mhm
you mean the our purchase price
right
hm mhm hm
right are we
you mean the all skus all sku i mean all product or
na ja definitely the dispensers and refills
mhm mhm
not not the the the interactive
hm
or the the fantastic but definitely dispensers and
and re fills also
mhm
since we switch to the new packaging
yeah
from the skin card
mhm
to the blister card which is a
we have that one mhm hm
far er more h igher value packaging
yeah
mhm
hm
and with all those er changes and and investments i 'm i 'm sorry but we can not really e rm maintain the price level
mhm
my question is
mhm
the in -market prices
hm
are we at a price barrier or a price point which we should not exceed e rm or is there room that you give those five per cent to the
well to be to be frankly with you er we really hoped that we could increase our retail price from fifteen hundred to two thousand okay which is about e r however it 's true that there 's a barrier
mhm
okay er that 's why we could not increase now it 's really really a difficult period for us if if we have to accept five per cent er increase of our purchase price
yep
while we had intention to increase but we could not because of the er the barrier from the er er er er trade and i told you that we fight against cheap local product with a retail value between five hundred to six hundred
yeah i i mean with the cheap local product we can never never compete i mean there we are so far away that
of course you know i i know
i think with the cheap local products erm we can not really erm m- might
well i i 'm only trying to tell you that we we fight against them
yeah yeah yeah i know
i mean the positioning of [thing1] is er really unique
right
there is no similar product in the market
right
okay so it 's not like selling one of the wine
right
e r fight against other wine you know
right
but e r anyway we 'll see we 'll see er how we can er cope with price increase in good
and in in regards of currency what what we can offer you and we offer that to to other countries that we will fix an exchange rate
mhm
erm which is erm one twenty so one erm one euro is one twenty us dollars
mhm
a nd everything if it further planned now it 's at one twenty-seven
hm
approximately
mhm
everything above one twenty we will issue as a currency compensation bonus directly on the invoice as a support that you know that you the worst e rm case that you purchase the products is at a fixed exchange rate of one twenty
mhm
so that we can offer you as a support in order for you to erm to really plan
mhm
your your purchases
yes
jus- just a second i i i 'll ask just him about it
anyway okay
yah so that currency er offer we made you should kind of er also get some revenues back from that er
mhm
price increase and for you i think it would be best er
mhm
in order to explain it to the to the trade
yah
that we changed the the packaging from this
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
yeah
mhm
so you wrote mutual
pardon me
you wrote mutual news
right
well
right
xxx
right
xxx
and the same is for the refills
right they also come now in blister
refill
yes
a h blister with a blister okay
mm
hm
okay
a nd and what anything else you need that the purchase plan for for this year because otherwise we do n't even know what what to plan
okay
because we still have the problem with the er one thousand euro oversp en ding
mhm
of a and p last year so i mean my proposal would have been if we if we reach the two thousand and two turnover this year then we 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 we can er create some some extra budget maybe in order to to have those er those thousand euros then erm covered
anyway the absolute amount is not that big i think
from our side
but the the you had minus
right
that 's the problem
right
you know eighteen hundred
right yeah yeah that 's that 's the problem the m- minus which
yeah
is not covered by the by by turnover
yeah okay sure
yah should we ask [S3] now to show you some
okay great
news from this year
yah
xxx
bitte
okay so our catalogue in the first pages you find the
mhm
hm
statistics the production
mhm
kind of history
mhm
different flavours we can offer to you fruit taste sour mix taste and i think cola taste
by the way have you ever tried other taste do you have other tastes in the
yeah
cola you xxx cola yah xxx but not xxxxx
cola yeah
no cola no
so do you want to try the sour mix
oh
this is the sour mix
oh this yeah we tried last
oh you already tried
last year yeah last year
okay
mhm
so let me carry on
mhm please
you find there
yeah are we are we going to launch that in in korea this year or
anyway anyway e r this will include it e r i mean the we will erm let you know
mhm
in the e r
xxx xxx
by product
oh xxxx
right because we we said here somewhere to concentrate on refills this year
yes
and erm maybe a concentration on refills could be like to have fruit sour cola er at a- at this point i m- maybe it would be also good e rm hh i would assume that in all the key accounts we have two products listed at the moment the the dispenser and the the fruit
mhm mhm hm
so there could be also if we say this year we focus also on candies
mhm
erm that we pick er one chain o r two chains where we get also the cola and the
sour mix ah sour ah
sour mix listed
in order to focus if we say focus on on candies this year
mhm
perfect okay so on page ten and eleven
mhm
we find new assortments coming out this year
mhm
hm
that 's the shrek two
mhm
there 's a movie release
shrek was quite successful movie xx shrek two shrek two no
yes
yeah that 's shrek two coming now
when
good question
mhm
i 'll check it
er
coming back spider-man have to xxx
bring den spider-man auch bitte
a h [S5] you 'll check the schedule er the movie schedule for korea
yeah
mhm
should be around somewhere
hm
yeah asia i 'm not not sure yeah the first movie was a a big success and
quite success in korea
mhm
and the second one when we see you know on the the licence a nd licencing and toy fares around the world
mhm
erm that the- there will really be a huge also not just for the movie but also a lot of merchandise
mhm
articles fo r for shrek two and that 's that 's what i what what i meant for instance once the shrek two movie comes into cinemas to korea
mhm
with the whole wave of of of
pro motion
advertise ments and promotions you should it 's not a
yeah because is a good opportunity for us to sell
right
with [org1]
mhm
even at the movie
right
yeah yeah
right
theater
right
yeah yeah
e r so
right after children saw the movie when they come out of the theater they
they want this
instantly find the shrek er figures
right
on the racks then they purchase yeah
yeah
yeah and the same is with spider-man
spider- man two or
a spider-man
spider- man
movie 's coming out
mhm
since this summer
spider-man movie was not that successful in korea
really
no spider-man er did n't e rm children know children they know er spider-man
yeah
but it was not as successful as it should have
okay
hulk hulk movie was not successful
mhm
yeah that that was globally that the hulk movie wa s was not too successful
mhm
while the spider-man movie was very successful
hm hm
so what what we can basically offer is erm either for the spider-man two release to just send spider-man characters in the cartons so that you have only spider-man characters
okay okay
mhm
mhm
if you say erm just spider-man is not enough we want to have some kind of an ass or tment
mhm
we can also send you the [org43] assortment that would be with hulk and wolverine
mhm mhm
yes
so both wi- would be possible we have one one spider-man blister card
mhm mhm
and one [org43] blister card so [org43] blister card with all three characters
okay
mhm
and spider-man blister card only with the spider-man character
mhm
this [org43] er this is the wolverine i i think that series of x men right
yeah
right
er the [org43] was not introduced to korea
okay
okay i know personally but er
yah
you know sponge bob
no it 's not known to korea
it 's not on tv
no
no
it it 's quite famous in europe for sure
yeah us
right yeah so we created a new assortment with sponge bob characters
mhm
as well okay and then the so-called power trucks
mhm
this is also a dispenser
hm
x a dispenser how big is it
tha t 's that 's just a picture
how how 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 at the fare at ism everybody loved those
oh really
those trucks yeah
mhm
the shrek movie is on release i mean the current release date we have on the eighteenth of june
hm
korea
mhm
eighteenth of june
june
eighteenth of
so you have pro- product already when the product will be
we we have to admit that
avail able
shrek two will be available in april april
okay
so april
yeah
tight tight
right
yeah
mhm
but it should be then at least on the market
we we should er dispute shrek if the movie is the eighteenth of june should we we we sh- we have to finish er we have to start distribute around mid-may
yeah a month earlier
yeah
at least
so we should start production beginning of april
you have x
hey
hey
you have the same xx
right
just prototypes for for your imagination
e rm hm hm
but they have a real body
hm
a nd dispenser function as usual
so and the the the wheels are moving
yeah
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 tankery
four different ones
container like this
yeah
so that 's four four different characters
four different characters
hm
and
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 ism this was the the real highlight
mhm
hm
especially for boys
hm
mhm this looks like er very sophisticate er
that really looks very high quality
so where do you source this er plastic
that 's one xxx
trucks
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 [place3] and one in [place4]
[place4] aha
xx xx xx xxx
which is
both neighbor countries of [place5] i do n't know if you 're too familiar with the the countries here in europe but erm
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
this is austria
you are here at the moment
yeah
here is vienna
yeah yah
mhm
here is salzburg
mhm innsbruck
mhm
yeah
here is germany
germany mhm czech hm
here is czech republic
yeah czech yeah it 's er hun-
here here is slovakia
aha
here is hungary
hungary hm
hungary that 's czech
czech czech
mhm
czech that 's slovakia
slovakia okay
then there we have slovenia
slovenia mhm
and here is italy
xxx xxxx
slovenia is e r used to be russia russia right
it used to be former yugo sl- former yugoslavia
-slavia former yugoslavia okay slovenia okay okay
mhm
former yugoslavia
and here we have switzerland
mhm hm
a nd with may all those countries will be joining also the european union
a h
so slovenia hunga- hungary slovakia czech republic
hungary
will also be part of the european union at the moment we have a big order of the european union union and with may we will be right in the middle of a new central europe and our plastic factories is here one in [place3] and here one in [place4]
right
yeah
and it takes you two and a half hours to go from [place1] to our [place3]
mhm
totally
countries are not very big here in europe
er by car
no forty million people
not quite
except for france spain spain has forty
germany big
they are big they have an eighty-five or something eight eighty
how how many in italy
erm poah fifty
no no no
no
arou nd thirty-five
only
forty
hm
mhm
how big is e r austria
eight
eight million
eight million yeah
and in swiss they have got
four six
four
swiss
xx xxxx xx
four five yeah
okay
okay
okay we continue on the next page
very interesting
you will find the the assortments which are available right away the new one is the lion king
lion king x xx hm
hm
this is new to korea i i believe
right
hm lion king is very very popular
mhm
yeah it 's a classic i mean
yeah
yeah
you you know even the classic there are
you know the er
there are good and bad
xx
you know the the samples already what they look like fiction types
mhm mhm
different charac ters
pum ba
mhm
hey you even know the name oh you read it
er it 's on
the catalogue
yah i er hakuna matata you know
right
a h
that 's the lion
and er
sorry
timo- timon is missing
hm i do n't see him
yeah that one is
mhm
sim ba
may be on the rack but i do n't think so
mhm
xxxx simba
mhm
nala nala okay
mhm
okay timon is missing
this is er mufa sa
m hm
so the mickey mouse extreme winnie-the-pooh mickey mouse jungle book two you should know already
yes we all have this we have all this e- except lion king
yeah the same with
m hm
loo ny toons cool loony toons
mhm
loony toons back in action
mhm
haben wir back in action gelauncht dort
glaube ich nicht
so back in action would also be new for korea right
excuse me
back in action er would also be new loony toons back in action
action
all is new
would also be new in korea
mhm okay
that was also for a movie loony toons back in action which was in like december
xxx xx
and i 'm not quite sure if we have the new dispenser s cos i do n't think that
in korea
uhu
hm
this one
you know here here
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
xxx xx xx xxx xx xxx
a h there is some reason why why they choose erm
uhu
cos they 're angry look ing or what
angry yeah angry looking
hm
that 's that 's then er we thought that would not draw a good e r
mhm
response from er critics
we did drop the xxx like put them on dass das unsere sind
hm
hm
is it just is it just drop donald is it just lack xx xx
yes
because of the this is the angry one
yeah and
donald is angry but others are not
pluto is also angry huh
mickey is angry
mickey is mickey is angry
haeh
goofy looks dull
poah
goofy looks stupid
he looks nice
yeah i 'm just kidding
hm
well actually we 're we 're well we we have different opin ions
ex actly
mhm
we all have a different erm idea
but they would give some refreshment for the
yeah
for the xx xx
these are the xx extreme
mhm
in the old package
hm but mhm okay okay
ya h they look a bit funny
but all this will be er blister card yeah
in blister xx formulate what all want
blister card yeah
by the way speaking of blister
mhm
mhm
er the backside
mhm
of the backside the back
back
mhm
the back of the blister we print during the production process that means we can offer you now
mhm
a complete korean back
a h
a h
a h
so what ever
mhm
you want on there
hm
this is your your space
hm
if you need ingredients bar code erm
a h xx xx xx
hm hm
x
hm
xxx xx xx x xx xx
xxx
xxx
that means er we can skip the pro- process fo r stick lab- er label sticker
oh you have sticker now
yeah i think so no no no no no we have a printing
mhm
i 'm sure
x xx you have a special sign xxx xx xx xxx xx xxx should i get the
i 'm not sure whether we have a
korean carton
yeah please i think we have printing i believe it
naja but this one the back is now country-specific
mhm okay
so you also if you want to have a some kind of promotion here or kind of a premium game hm or some drawing
mhm
whatever we can place on this
mhm
so how h- roughly how much space do we we er flexibility we have
the whole thing
whole thing
the whole thing
m hm
is yours
mhm
the whole the whole thing is yours
xxxxxxx xx this one is
this one for instance is only only for germany this is the german
mhm mhm
pack and the same of course here then
mhm
that was in former times with a lot of countries and declarations and that is now with only
mhm
iceland is iceland
mhm
yah
okay
so this is also a big advantage of this new packaging
yeah
how many
er you mean xxxx xx
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
mhm
so there is no no meum only if you say we want to have a premium game
mhm
like for instance a some kind of shrek promotion and we pro duce to
promotion
to a special one then i know once a year we can do it but usually we use the
a shrek promotion
mhm mhm
standard one which you
hm
okay
mhm
which you define how it should look like
mhm
okay
i mean your xx would be rel- related to [org1]
so meanwhile i can show you the loony toons back in action characters as well
mhm
they will all then be the blister packaging
mhm
mhm
xxx xx xx xxxx xx
xx x xx xx xxxx xxx
did you send the samples to our team
i guess we have to ask [S5]
okay
hm xx xx xxx xx
yeah i see cos we already have to
ah ja
dass wir die jetzt schon haben xxx xx xxx
hm so we all have a
no they know they have already their their own one
ja
ah but this is old one
aber just in case they want to do some special promotion erm
but this is old one because old very very er old leisure
is it old one
okay so i do n't have an i have to do package xx
i mean we need to
xxxx
we need to do a new one anyway
yah o kay
and there you can update everything which needs to be updated
uhu
hm
mhm
but does this is the old card
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
confused
yeah once once we receive your next order we will switch to blister anyway in production and then we need to clear all all er declaration things any way
o kay okay
and in regards o f
these er
x xx
new er characters
mhm
did you by any chance send samples already or
i just sent the xxxxx 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 a nd
samples
some new e r samples
whatever samples we have available
okay okay
x xxx x
lion king
xx xx xx xxx just lion king
and shrek two
loo ny toons back in action er
then sour mix
er shrek as soon as we have it
cola
shrek sour mix erm any other assort ment
what about the sesame street
sesame street they 're not xx
sesame street
because sesame street have some
you know these characters or
yah we have them in
is it popular in in korea
i think erm
sesame street e r
so we have a lot of new characters for korea this year
ye s yeah
mhm
yah but
okay a- anyway we 'll discuss with our team
mhm
er can we bring this to xx
of course
sure yeah
of course
mhm
so then immediately
xx xxx xx
hello kitty you know
yeah
yes
mister bean you know
but hello kitty we should definitely put more focus on 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 and hello kitty is an assortment all over asia
mhm mhm
very successful so
and then you have the baby bugs you should know these already
cos you
xx
have had
mhm
two thousand and two you had the xx
mhm mhm
the bug friends as well and then we have our s easonal assortments halloween characters
e r
erm
as far as halloween and easter there is no
no
halloween and easter in korea
right
okay
and christmas not really
okay
christmas vague but er i do n't think this christmas character e r will be a success
mhm
yeah
yeah i mean we have so many other assortments
yeah
that seasonal assortments
we have to we have to sell
yeah
existing a ssortments
right
okay then we switch to the interactive line
mhm
mhm
where we can offer the cool school tool
which you have already
and coming out this year the sports set which is a stopwatch that has a dispenser function included a nd also a whistle
whi stle o h okay
yes it has
and the fun xx x x xx
mhm
erm
six-pack no
mhm
especially for completing xxx completing
cos this is this is the xx x x x xxx which you ordered last year was a little bit delayed
the idea was that because this year there is olympic games
hm
in greece in august
hm
and so for olympics olympic sports erm that that goes very well together that 's why we decided to to create something a sports set because sport will be in the middle of this year the
hm
the keyword i would say
has a e r battery inside
it has a battery in side
m hm
because of watch huh
yeah
m hm
or xx watch
electronic watch
yeah
mhm
mhm could be x
but we do n't have the prototype here unfortunately
no problem
and the sp- sports set is coming out in june i suppose
haeh
na april x x
haeh
may
uh-uh
let 's say may
that 's brilliant we know
yeah optimistics say may
okay i 'm o n er page twenty
yah within the fantastic line
mhm
there are the teddy friends love edition is new this year
global issue yeah
hm
mhm x they will arrive soon only right
x the whole year
just to have one of these
this will be really nice one fo r valentine
at valen tine 's day
mhm
yeah
which just
a subject in korea
really is
yah
really big
mhm
really
we launched for example with in japan for valentine 's day
mhm
be ca use
aha
for chocolate we sell about about close to sixty per cent of our annual sales
poah
hh poah
during valentine
wow
sixty per cent
because [org4] is your kind of gift
aha
yeah
right
so if if this er er teddy friends carries i love but i love [THING1]
now you know that that it said different things
o kay
i love you i miss you
i miss you
choose to be i love you i miss you
ha- happy birthday
mhm
lo ve
oh love
mhm
and i love [org1]
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
but personally i love [thing1] but er the i love [thing1] will not sell within the product x
yeah for the collectors
mhm mhm yes
for collect
mhm
okay good xxx xx x
mhm
okay
so the cats and dogs you know already
m hm
or
mhm
okay
the change
change is x xx
yes
na
yeah it 's the exchange
in the x
er it 's coupons with the like new product
well this is the regular pa- pack age line and this is the xx line
oh yeah mhm
x that
which are the small ones
and they are coming out this year
xxx xxx x xx xxx xx x xx
the mini-fantastics
xx x xxx xx xxx
the small one
this is small
yes but first of all
yeah
we start with the fuzzy farm
xx going away
uhu
mhm
and the cats and dogs
will continue
will continue the big success of the fuzzy farm
hm
yeah
mhm
even this cand ies
half-size
half-price
cos it 's a small dispenser it 's a mini-dispenser
half-price mhm
i know
mhm
er the reason why i 'm interest in is the er the biggest barrier what 's the price point
right
of the full size
mhm
right right
hm
but this one is only about eight per cent more expensive so with that we should no it 's less expensive
but
approximately twenty per cent less expensive
twenty per cent
at approximately twenty per cent less expensive
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
yeah hm
dis- dis- display er unit looks very very
mhm
sensual very cute
very cute
mhm
this is really exciting for
xxx
so-called fancy shops
right
fancy shops right
xx xxxx xx xxx xx okay we 're very interest in
yeah but
xx xxx
the sample 's al ready in korea a couple of week agos
haben sie den
already
when was it
e r last week
okay
sorry
yeah and this thing is the funky fizzy tip and fun
mhm we are
it 's a
hm
mhm
there 's a lollipop inside
yah mhm
if you open it
lollipop
mhm
xx
x x x xx xx xx xx x
when you open it you find a lollipop in there
mhm
and the funky fizzly powder
a h mhm
so you have to
very sour huh
mhm
put it your mouth
yeah
it 's fun colo ring
mhm
put it back into the
yeah
bag and
mhm
hh
and then lick it up
yeah and then
the tongue gets blue
so and inside of this package you find a sticker
mhm
of different characters of loony toons which is also collectable
yeah
but i just saw the controversy in [place3] y- you know
right right
yeah
mhm
but [place3] will be in the european union soon
no no that is no problem but
xx x xx x xx xx x xx
even the candy even candy is made in er made by [place3]
mhm die machen wir in [place3] oder [S4]
mhm [place3]
x x xx x x
xx xxx xxx xx
so do you like it
yeah the c- candy is not m- made in this
no
factory
no in in
in our factory in [place3]
[place3]
mhm
okay
okay the candy animals do we have got something here erm yeah
i 'm interest in how it work how you open
yeah i i i show you just a second
you 're getting a sample yeah can i
yeah you have to remove the plastic
xxx xx xx xx xx mhm
if you manage it
xx xx x
ja machen wir schon
xx x x x xx xx
and then when you watch his left
mhm
ear
yeah
you have to put it down
yeah i know
bit like this
and then the candy 's coming out so you have the the hook hook on it to hang on a
back pack
bag mhm
bag yeah
xx xx x
they got different colors
yeah
y- you have
xx x xx xx xx x xxx
xx xx x x xx x
inside of this
x xx xx x
x xx xx x
xx xx what
we were
xx xx
ju- just
m- mister [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
xx xxx xx xx xx xx xx x xx uh this one this one some has issue
yeah
maybe because the er label is
a h the labelling goes on the i do n't think x xx
the the carton
but it 's gold yeah erm wir haben den sticker verloren 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
m hm
unfor tunately i do n't have samples
a h
mhm
but all the the decorations on the sticker
mhm
so if we send the film you produce the korean
mhm right
mhm
yeah yeah
xxx
as a er like a wing huh
mhm
right exactly
okay good because always
mhm
that becomes issue
mhm
okay
hm
this is al- also for [place3]
mhm
mhm
xx xx x xx x xx xx x xx x
so the on the next page you find the protocol de cline including this formula one race car
hm
the dispenser function
xxx xx xx
x xx
xxx
this is new
that was that was created especially and that 's why i found your your chart very interesting for the duty-free channel
hm
er to have
a h
several gifts in the duty-free channel
it 's our oldest line
and also for for toy e r stores like i do n't know [org44] if it 's in korea or not
mhm mhm
but toy stores but mainly for for duty-free channel
hm
yah could be
mhm
where pricing is not so much an issue
x x xx
than in the regular food trade where you
yes
and that er access large [thing1]
mhm
giant dispenser right
yeah that 's also for
mhm
use duty-free is too big
haeh
too big
too big yeah
too big
mhm
too big for what
for the shop
for duty-free because when they buy at the duty-free they have to carry all the way e r
and then they go to xxxx
duty-free x xx x x xx x xx
mhm
because duty-free they er buy this for their out going directions you know why i 'm
yah yah
but is too big for them to carry
well i mean i do n't
this this one e rm might be nice but er
i
thi- this is big one if you have a dispenser function inside here
mhm mhm that 's xxx candies so ld erm er in-flight
it 's delivered with eight candy rolls
haeh
also an option yeah if you have contact to that in the in-flight maga zines
xxx
in - flight e r maybe in-flight that 's that 's to be that 's to be right
a h in-flight yeah yeah
here you 've got the
is it so quite er xxxx xx x xx
too big
we 've got that cool bag function
mhm
if you if you backwards
ah yeah yeah i see ah
go straight ahead
mhm
xx xx x
so they 're packed with eight candies himself package
xx xx
yeah what else
w- w- we will try in-flight
there 's also the pencil case in the gift line
mhm
and inside the pencil case there 's a dispenser which comes together with two candies these are in
okay
okay in in the back of the catalogue you find all the measurements packaging
uhu
for the candies for di- -spensers
yeah that 's especially important when you place the next order that all the dimensions of the packaging material changes because of the switch to to blister
mhm mhm
so you have to consider by planning er the content of the container that the dimensions of the packaging material is now changed they get bigger
so our importing department have to consider
increase
that increased volume
right
mhm
mhm
right
but they may have to er re flect this into volume er in the container
right
mhm
so unfortunately the the di- the disadvantage of this packaging is that we transport a lot of air so with it so it makes the vol ume
the shipping cost
right
mhm
we increase no
right
how much percentage you lose in efficiency you calculated
ooph not not really but i guess
not awfully
i do n't have a
okay
an answer at hand but it 's
okay
and we 're the last pages they show us the cvs material
mhm
[firstname8] [org1] rack the shelf display wall display and the giveaways and incentives we can offer for you for example the the truck
the big truck is different to the other one because this is just a promotion truck not a xx xxx
hm
as a present
hm
a surprise
mhm
promotion just for promotion
just for pro motion
yeah there is no
no no dispenser fun- function no candies inside
this is a a truck light
mhm
right
mhm
okay you find everything in the catalogue
mhm
described me- measurements so in case of any questions is there anything i can can help you
with this catalogue er i discuss without you
mhm
and then we make a new plan
sure sure sure sure sure
mhm
if you want to have any more samples or
yeah we will send you a sample package
we 're quite nice
wh at ever we will need samples we 'll contact er
whatever you 'd like
right
our charming staff
and i 'll send them to
is there any thing
mister [S2/last]
i send the samples to [firstname4]
is there anything special which should be included into the sample any product you want to have for sure
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 for idea
merry christ mas
right
merry christmas
e rm
one is an xxxx
love edition xx xx
one one pallet per item
a sample
die xx geben wir ihnen noch dazu okay ja und was haben wir noch
well obviously we saw a very er interesting series of new product and er e specially have to do some erm maybe assessment from from our side
right
it 's too early to give you so this is really success success ful item on there but
mhm
i really saw some e rm very progress
mhm
yeah i mean the change from er last year 's
right
e r product
yeah and it had it had it had also been some kind of erm 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 new start a restart for
sure
mhm
for m ore communication more
mhm
more planning together
mhm
we will also come to korea what i what i kindly ask you is
please
er until september or so last year we received on a monthly basis a stock and sales report for us to also follow to be somehow involved in in success or not s uccess of of the korean market
mhm
so i would kindly ask you to send again on a monthly basis the a stock and sales report
mhm hm yeah
maybe with some note what hap pened in this month like for instance we had a very successful promotion in [org31] o r whatever
hm
mhm
mhm
or sour candies are listed through the organized trade
mhm
some good news
okay
yeah
and also of the bad news and something like last year that you are out of stock because we can not deliver we should not i do n't know what reason it was but
mhm
that is something we will avoid from our side
okay any- anyway the er i said communication er it 's quite er important e r especially the er during the change of organization er both sides
yeah
your side also
right
mhm mhm
my side also
this year is going to be big success
hopefully yes we we should
mhm
yeah
again er i really appreciate er you 're er our great er patience
erm when last year or
e r i wonder what er [firstname1] e r told y- you your team er h- how to express your concerns in erm interest in in clear er the er appreciat ed is er our poor result er but i really er thank you for your patience but er again this is this this is excuse but er we really had a hard time to keep er the previous er employees erm
mhm
unfortunately er product managers er all of them er er they left
mhm
for er their own personal er interest or other opportu nity but that does n't mean that our company er is er less interest to them of course it 's true for them but er our company is er getting bigger and bigger not only er the sales turnover but the yeah the bottom line is er improving
mhm
e r overally e r this year we we er er expect more than thirty per cent growth
if you have in total last year i got the picture for your company last year only reflect in [org1] or all over
mhm
your business the decrease of sixteen per cent or was that just
some some part decrease
m hm
some part er we increased okay it it 's our job to make [org1] in the group of s uccessful
right
yeah
because er even in other product cato- category like er le- let me give you example the [org2] 's knives every year we we er grow a minimum twenty per cent but tableware [org5] another kitchen [org26] also from germany same group
mhm
actually last year was terrible
m hm
be cause of economy
right
so it 's true that not every product category enjoyed growth some of them has to suffer
and [org4]
[ORG4] er was we we did quite good
yeah
yeah we did quite good er and it may l- sound strange but er the valentine really er become a fad among
mhm
young generation
m hm
and er not only er valentine xx er special e vent like a the college entrance exam
mhm
mhm
it probably sounds very s- strange but in japan and korea even taiwan i think er entrance exam there 's a entrance exam period
yah
and both wish a good luck the young generation they give a kind of present
mhm
for good luck
mhm
mhm
and er chocolate become a
mhm
er good item
yeah
so e r thanks to those
xx xx x xxxx
yeah thanks to thanks to that er er er the trend
mhm
er our business grew very fast
mhm
of course there 's a er our activities which support the success and i i really hope the same thing goes with er [thing1]
right so let 's see that there 's a new start this year and
needs
yes
you should you should er come to visit korea
mhm
feel the er feel the market
right
okay er it 's similar to japan a more or less
mhm
mhm
quite different from south east asia bit like japan but some things it is different
yeah
okay
mhm
and it 's a it 's korean language is that close to any other language or
no it is very unique
so it 's completely er erm you do n't understand any other words you do n't have any other words in common with other languages
we have common in writing
mhm the japanese have some thing
no no no no there is a too historically historically we are influenced by china
aha
mhm
okay and we still use chinese character
u hu
in our language but the reading er the pronunciation reading
mhm
the character is different
mhm
er ja pan is the same as as us they have their own language
mhm
but they still use lot of chinese character
mhm
okay we have our korean er language develop in fifteen century okay
mhm
and e r our language is very phonetically very scientific
mhm
okay for instance how do you pronounce mcdonald
mcdonald
the family or what
mcdonald
the er h- h- how do you how do you pron-
mc donald
mcdonald american they pronounce mcdonald
yeah okay
okay in korean we can write mcdonald as it is almost sounds similar
mhm
japanese language can not express that er the pronunciation
mhm
you know how they write it and read makudonaldu
hm
sounds spanish
maku do naldu
makdonaldu
ach so
and
another
the japane- er chinese xxx xxx
yes
mhm
so well this is just er
right
one example
mhm
but er we have our own language which for foreigners is er quite difficult to learn
yeah yah i can believe and
i can imagine
a nd
but we have very simple er alphabet
and is there a second language like au- in austria for instance english is kind of second language
no
well koreans if they er they just go through the er normal education system
mhm
we learn english from nowadays fourth grade elem entary school
mhm
right
until they graduate university you know
so if i if i step into a taxi in seoul i they will
that 's that 's big problem
like japan they they and er japan and japanese and us er quite similar
mhm
education system
okay
xxxxxxxxxxxxx
but do n't expect do n't expect you can
okay
do n't expect you can er e r communicate with
japanese taxi driver with english
mhm
okay okay
but now there is young generation they
mhm
speak er basic english then
mhm
mhm
okay then i would like to thank you for coming from frankfurt to [place1] for this afternoon
okay
no no problem
it was really an important meeting
yeah
i would say to get to know each other and to bring ou- ourselves on one level again
mhm
i really appreciate your time if you came back i 'm sorry that you go back with a blue tongue
e r when do you do you have any er rough rough plan 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 er we have very 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 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 twenty-four twenty-three degree
perfect
celsius
perfect weather for store visits
and what about summer you 've 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 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
lon ger i think
mhm
i think
okay
a bit colder i think actually
mhm
but more or less
someti mes in korea it becomes minus fifteen and l- and low
mhm
and lower
you 've got the four season
yeah
yeah
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
yeah
xx okay
taking you to the airport anyway i mean it 's not you 're not in a rush but [S3] will take you to the airport
no problem our luggage is in the in the er
in the car
car yeah
mhm
is that at a xx car
xx
okay
we use the same car
okay
yah then again thank you very much
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