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Young Adults Drivers of Microwavable Meals Boom

Young Adults Drivers of Microwavable Meals Boom

SEOUL, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found.  Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]

How CJ Became Ousted President’s Least Favorite Conglomerate With its Liberal Content

How CJ Became Ousted President’s Least Favorite Conglomerate With its Liberal Content

SEOUL, March 29 (Korea Bizwire) – The Park Geun-hye administration’s rule, which collapsed with its leader’s impeachment, was not the best of times for CJ, a major food and media conglomerate in South Korea. A year and half after President Park took office in 2013, CJ Vice Chairwoman Lee Mi-kyung (who was the de facto [...]

Couriers Learn First Aid Courses to Double as Emergency Helpers

Couriers Learn First Aid Courses to Double as Emergency Helpers

SEOUL, March 14 (Korea Bizwire) – Couriers for one of South Korea’s largest logistics companies, CJ Korea Express, have become certified emergency medical responders after receiving safety and CPR training, the company announced yesterday. In collaboration with the Ministry of Public Safety and Security (MPSS), CJ Korea Express trained around five hundred of its employees [...]

Conglomerates Pushing Reform After Graft Scandal

Conglomerates Pushing Reform After Graft Scandal

SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday.  Dozens of large companies, including top conglomerate Samsung Group, have been [...]

CJ Group Seeking to Triple Global Sales of Entertainment Units by 2020

CJ Group Seeking to Triple Global Sales of Entertainment Units by 2020

LOS ANGELES, Aug. 1 (Korea Bizwire) – South Korea’s CJ Group vowed Monday to boost global sales of its two entertainment units by capitalizing on the growing popularity of the Korean Wave.  Entertainment giant CJ E&M and South Korea’s largest cinema chain, CJ CGV, saw their combined global sales reach 424.9 billion won (US$383 million) [...]

What is inside the Personal Safes of Korea’s Richest Men?

What is inside the Personal Safes of Korea’s Richest Men?

SEOUL, June 14 (Korea Bizwire) – Amid an ongoing investigation into Lotte, one of Korea’s largest conglomerate groups, prosecutors have confiscated the secret safes of Shin Kyuk-ho, founder and general chairman of Lotte, and Shin Dong-bin, the second son of Shin senior and current CEO of Lotte. According to the prosecutors’ office and Lotte officials, [...]

Probiotics Trigger Battle in Domestic Health Supplement Market

Probiotics Trigger Battle in Domestic Health Supplement Market

SEOUL, March 31 (Korea Bizwire) – Increased consumer awareness about health is boosting the health functional food industry, and is now pushing the food industry to set its sights on probiotics. Probiotics are showing noticeable growth among health functional foods, and since the domestic market is still in its nascent stage, competition to take the [...]