Read the room or lose the market: Lessons from South Korea’s latest corporate gaffes
The furore over Perfect Crown and Starbucks’ ‘Tank Day’ campaign offers a warning about corporate risks today
TWO recent controversies, both playing out in Seoul but with global implications, offer the corporate world a hard lesson about survival in the digital era.
The first involved the Disney+ drama Perfect Crown, a romantic fantasy starring the singer IU that became one of the most globally watched Korean series – until mid-May, when it stood accused of depicting Korea as a vassal state to China.
The problem: a coronation scene in which the Korean king wore nine ceremonial tassels instead of 12, and officials shouted “1,000 years!” instead of “10,000 years!”
TRENDING NOW
Simba admits exceeding spectrum limits amid failed M1 deal; parent company Tuas’ full-year profit surges 277%
‘Our bread and butter’: Family-run Loo’s Hainanese Curry Rice hands reins to third generation
StarHub, Keppel confirm talks over potential M1 deal
Grab executives buy back shares after stock hits 3-year low on Atome deal