In the past, brands were mainly built on accumulated decades of business, but modern-day brands are more about unique technologies and services that leave a strong impression on potential customers.
The current market environment also underscores the foundation of a strong brand, based on honest business with a clear set of goals geared toward customer satisfaction. Amid intense competition, the importance of building a trusted brand has become even more difficult and important.
Since 1994, The Korea Herald has been releasing a list of the most-loved brands to acknowledge their market presence. Through fair selection of brands that are representative of South Korea by category, this annual feature has helped improve the image of companies.