The South Korea fashion influencer marketing market size reached a value of more than USD 2.1 billion in 2022. The South Korea Fashion influencer marketing industry is expected to grow at a CAGR of 17% between 2023 and 2028, reaching a value of USD 5.5 million by 2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Fashion influencers provide businesses with a different way to engage in product sales and help understand the preferences of their customers. Companies ask their preferred influencers to provide content on jewellery, apparel, cosmetics, skincare, and footwear via comments, polls, and direct messages. This makes it easier for influencers to provide companies with deep insights into customer desires and expectations. They are encouraged by brands to participate in fashion shows, designer dinners, events, special excursions, and social media photo shoots wearing their clothing or other products. If a salary is involved, the influencer may be compelled to designate such posts as paid or sponsored material. Forbes, a business publication, called fashion influencers "the new celebrity endorsements." They are referred to as "IT girls" and "IT boys" by social media.
In December 2021, convenience store franchise GS25 appointed Rozy, South Korea's first virtual social media influencer, to promote the business's products and promotions. Rozy is a digitally made intern agent that works in a fashion and art plaza in Dongdaemun district, South Korea's fashion and tourism hub, to promote a variety of independent fashion firms. Over 123,000 people follow Rozy. Customers would hear from Rozy via content based on the metaverse, a hybrid of the real world and the virtual world that offers first-hand experiences. Other factors such as high disposable income and high standard of living motivate consumers to spend on the goods and services promoted by influencers, thereby bolstering the fashion influencer marketing industry of South Korea.
Daegu Cyber University established the nation's first influencer department earlier this year with the goal of fostering industry professionals and content-based social media influencers. Planning creatively, recording, and editing procedures are the most crucial abilities for content providers. However, students must also understand who will be in charge of the commercial aspects of the position, such as contacts with advertising or a larger audience. The emergence of OTT media services like Netflix, Disney+, and Korea-based Wavve, Watcha, and Tving has expanded the field of competition for makers of digital content beyond platforms like YouTube and TikTok, thereby augmenting the fashion influencer marketing market in South Korea.
The popularity of South Korean culture has dramatically increased in recent years. The popularity of drama series and its particular musical genre, K-pop, which is now regarded as a genre unto itself, are sometimes connected to the steady growth of its culture. When referring to K-pop idols who are regarded as icons in the business, the words "it boy" and "it girl" are resurfacing and are often used. One of the other characteristics of K-pop celebrities is their capacity to change and command everyone's attention and set various fashion trends while they're in front of the camera or working behind the scenes.
The omnipresence of K-pop fans is driving the fashion influence industry of South Korea. BTS Jimin is regarded as the "IT boy" of the K-pop industry for his unique style and personality. BTS Park Jimin has been continuously ranking no. 1 in the brand reputation rankings released by the Korean Business Research Institute, which makes him the most desired brand ambassador by various brands.
South Korea is one of the top smartphone users in the world. The internet penetration is approximately 97% aiding in the increased usage of e-commerce, online banking, and social media, among others. High-speed communications networks and world-class IT infrastructure enable tech-savvy customers to actively discuss new product launches and fashion trends in the country.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on influencer type, the fashion influencer marketing market is segmented into mega influencers, macro influencers, micro influencers, and nano influencers. On the basis of fashion type, the market can be segmented into beauty and cosmetics, apparel, and jewelry and accessories.
Micro influencers provide instant marketing of a business's goods or services with high engagement rates. Because micro influencers have a larger following than nano influencers, marketers can more easily identify the demographics and mindset of an audience in a particular area, enabling them to create more specialised goods, artwork, and information. As their audiences relate to them, micro influencers may also assist fashion firms in strengthening their trustworthiness, which is crucial for creating strong consumer relationships. Nano influencers also ensure a decreased chance of connecting with fake followers and foster closer connections with their audiences, which results in more filtered leads for businesses. Additionally, using nano influencers for marketing gives businesses and agencies a more cost-effective choice, creating market expansion prospects.
The growth of fashion influencer marketing industry of South Korea is expected to be aided by the factors such as high penetration of internet, increased consumer awareness due to the growing popularity of social media, and globalization among others.
In all retailing sectors, including the food, fashion, and cosmetics industries, the Rozy syndrome is quite prevalent. In August of 2021, Sidus Studio X developed Rozy, a virtual person made with 3D technology and facial data that was well-liked by MZ generations. Rozy has promoted environmentally friendly initiatives as well. She took part in the GoodNeighbors "It's all right" challenge and said, "It's acceptable to reject straws for Earth that becomes heated every year." In May, she also went to the Refill Station Almang store. She also took part in the "Go Go Challenge", an event hosted by the Ministry of the Environment to encourage the plastic-free movement.
On the basis of fashion type, all the segments seem to perform well during the forecast period owing to the globalization as the access to the global fashion trends grew people, especially MZ generation follow the fashion influencers on social media platforms to stay up to date with latest trends.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Lotte Group (Daehong Communications) - Daehong Communications, a subsidiary of South Korean giant Lotte Group is a comprehensive marketing solutions provider established in 1982, has dominated the market by developing countless effective campaigns based on unparalleled competitiveness in fields such as ad planning and production, marketing, brand consultancy, digital marketing, promotion, and design. Daehong Communications has led the industry since its founding. Daehong Communications provides clients with solutions based on the latest trends, from performing accurate diagnoses on marketing situations for businesses looking to launch powerful campaigns that can attract customers and change the market. The firm has its headquarters in Seoul, South Korea.
Hashmeta Pte Ltd - Hashmeta is a digital marketing firm established in 2012. In addition to BSH Bosch Home Appliances, NTUC Social Enterprise, NKF, SAFRA, IMDA, CapitaLand, SPH Reit, CapitaLand Mall Asia, they have collaborated with hundreds of other well-known companies. Hashmeta is based in Singapore and has offices there as well as in Vietnam, Malaysia, Indonesia, Thailand, and China. By offering digital marketing services and solutions, they simplify the marketing process. Hashmeta runs a number of internet marketing tools, such as the influencer marketplace StarNgage and the fashion aggregator and shopping app ShopperBoard.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Influencer Type||
|Breakup by Fashion Type||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Fashion Influencer Marketing Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Fashion Influencer Marketing Historical Market (2018-2022)
8.3 South Korea Fashion Influencer Marketing Market Forecast (2023-2028)
8.4 South Korea Fashion Influencer Marketing Market by Influencer Type
8.4.1 Mega Influencers
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.2 Macro Influencers
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.3 Micro Influencers
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.4 Nano Influencers
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5 South Korea Fashion Influencer Marketing Market by Fashion Type
8.5.1 Beauty and Cosmetics
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5.3 Jewelry and Accessories
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Lotte Group (Daehong Communication)
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.2 Hashmeta Pte Ltd.
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.3 AXJ International Pte Ltd
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.4 Market It Co., Ltd.
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.5 S Marketing & Communications Co,.Ltd
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.6 The SMC Group
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.7 Admax Co., Ltd.
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Fashion Influencer Marketing Market: Key Industry Highlights, 2018 and 2028
2. South Korea Fashion Influencer Marketing Historical Market: Breakup by Influencer Type (USD Million), 2018-2022
3. South Korea Fashion Influencer Marketing Market Forecast: Breakup by Influencer Type (USD Million), 2023-2028
4. South Korea Fashion Influencer Marketing Historical Market: Breakup by Fashion Type (USD Million), 2018-2022
5. South Korea Fashion Influencer Marketing Market Forecast: Breakup by Fashion Type (USD Million), 2023-2028
6. South Korea Fashion Influencer Marketing Market Structure
In 2022, the South Korea fashion influencer marketing market attained a value of nearly USD 2.1 billion.
The market is projected to grow at a CAGR of 17% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 5.5 billion by 2028.
High disposable income, improved living standards, the influence of K-pop celebrities, increased use of social media applications, and high internet penetration are the major industry drivers.
The development of virtual fashion influencers and the launch of the influencers’ department in a national university are the key trends in the South Korea fashion influencer industry.
The dominant types of fashion influencer marketing in the industry are mega influencers, macro influencers, micro influencers, and nano influencers.
The major players in the industry Lotte Group (Daehong Communication), Hashmeta Pte Ltd., AXJ International Pte Ltd, Market It Co., Ltd., S Marketing & Communications Co,.Ltd, The SMC Group, and Admax Co., Ltd., among others.
Single User License
Five User License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.