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CJ Eyes Plant-based Foods as the Next Growth Engine, Targets 200 bln Won in Sales by 2025

CJ Eyes Plant-based Foods as the Next Growth Engine, Targets 200 bln Won in Sales by 2025

SEOUL, July 18 (Korea Bizwire) — South Korean food conglomerate CJ Cheiljedang on Monday said it has set plant-based food as the company’s new growth engine, with a sales target of 200 billon won (US$151.9 million) by 2025. Its main target is overseas markets, CJ said, and it aims to generate 70 percent of its [...]

CJ Chairman Inaugurated As Head of Major Business Lobby

CJ Chairman Inaugurated As Head of Major Business Lobby

SEOUL, Feb. 27 (Korea Bizwire) – The head of South Korean food and entertainment conglomerate CJ became the new chairman of a major business lobby on Tuesday, the federation said. Sohn Kyung-shik, 78, took office as the chairman of the Korea Employers Federation (KEF) as five members of its screening committee unanimously selected him to succeed Bahk Byong-won, according to the business lobby. “I feel heavy responsibility with the tasks that need to be tackled for the development of the [...]

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 [...]