Localization Project for a Biotechnology Laboratory Supplies Company Entering the Korean Market
- Meditrans Client Service
- Dec 9, 2024
- 1 min read
Updated: Feb 5
Background: The Importance of Localization
For a foreign company entering a new market like Korea, localization is vital. This summary highlights the successful project MediTrans executed for a global biotechnology lab supplies company aiming to expand into Korea.
The Client
The client is a global leader in biotechnology with a 70% market share in key segments and a reputation for excellence. They partnered with MediTrans for a compliant localization strategy in Korea.
Why Localization is Important for Korea
To succeed in Korea, the company needed to:
- Understand local cultural nuances
- Comply with Korean marketing regulations
- Communicate product strengths effectively and credibly
MediTrans' Strategic Approach
MediTrans implemented several key steps:
Market Research & Cultural Insights
- Conducted thorough research on the Korean biotechnology market
- Analyzed customer segments and competitors to refine strategies
Marketing Regulations Analysis
- Investigated relevant advertising regulations and developed compliant marketing strategies
Legal Consultation
- Ensured marketing strategies aligned with regulatory frameworks
Language Localization
- Translated all materials into Korean with professional translators for clarity and cultural sensitivity
Marketing Strategy Implementation
- Utilized SEO and distributed marketing materials to enhance visibility
Results: Successful Market Entry
These efforts led to:
✅ A strong market presence
✅ Effective promotion of product strengths
✅ Higher-than-expected sales growth
✅ A localized brand image
This successful localization secured market entry and built long-term customer trust.
MediTrans prioritizes confidentiality through NDA agreements with our clients.
The above case is based on a real-life scenario; however, the client name and specific project details have been altered while presenting the results.
Comentários