Samsung Rises to No. 8 Position in Interbrand’s ‘Best Global Brands 2013′ Report

Samsung Electronics was recently ranked No. 8 in Interbrand’s ‘Best Global Brands 2013’ report, recognized for its outstanding business management, global growth in brand value through marketing initiatives, and continued market leadership thanks to the release of innovative products such as smartphones and televisions.

Rising in rank from its No. 9 position in 2012, this year Samsung recorded a brand value of $39.6 billion (approximately 42.6 trillion KRW), a 20.4% increase compared to last year’s $32.9 billion. Of the Top 100 brands included in the report, Samsung greatly exceeded the average brand’s increase rate of 8%, as well as the average technology business rate of 15%.

Samsung Electronics strengthened its No. 1 position in the mobile category by releasing the Galaxy S4 and Galaxy Note 3, as well as by creating a new market with the launch of Galaxy Gear, an innovative and fashionable wearable device.

In addition, Samsung ranks No. 1 in the TV sector for the 7th consecutive year, introducing new products such as the world’s first curved UHD TV. The company is also leading the market with the continuous launch of premium household appliances.

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Meanwhile, Samsung is actively engaged in omnidirectional marketing activities, reflecting the ‘Brand Ideal,’ which is to ‘provide opportunities of new life to everyone through endless innovation and discovery (Accelerating discoveries and possibilities).’

An example of this marketing initiative is ‘Launching People,’ a campaign that launched this year and focuses on discovering and sharing consumers’ stories and how they are realizing new opportunities with Samsung products. The campaign was well received around the world. In France, for instance, the campaign approximately reached 60 million people within a 5-week period, creating around 2,000 stories.

Additionally, Samsung Electronics created an internal slogan to communicate the Brand Ideal to employees.

“We newly established our brand vision last year to become a brand desired by consumers, not simply enhancing the level of brand awareness and preference,” said Sue Shim, vice president of global marketing at Samsung Electronics. “We are engaged in activities reflecting this vision in all customer touch points.”

Samsung entered the top 20 in Interbrand’s global brand list for the first time in 2009, and entered the top 10 last year in just three year time.

Samsung was also selected as No. 2 in ‘The Most Innovative Companies 2013’ report, which is released each year by global strategic consulting firm Boston Consulting Group (BCG).

As part of its goal to become a Top 5 global brand by 2020, Samsung Electronics refreshed its brand vision: ‘Provide opportunities of new life to everyone through endless innovation and discovery (Accelerating discoveries and possibilities).’

The company is proactively conducting omnidirectional marketing activities that reflect the Brand Ideal across all customer touch points. These activities are rooted in the philosophy that a genuine global brand requires the establishment of a clear brand vision that is current and meets consumer demand. 

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