SEOUL, Jun. 20 (Korea Bizwire) – CJ CheilJedang, a leading food company in South Korea, has taken an active stance in upcycling, repurposing wheat bran, a byproduct of flour milling, as an ingredient in bread products. The company announced on June 19 that it is expanding synergies by investing in two food startups, Re:Harvest and SnE [...]
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 [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s food and entertainment conglomerate CJ Group said Friday it is seeking to sell its bakery franchise Tous Les Jours. The group said it has selected accounting firm Deloitte Anjin as a sales manager and is reviewing various options to boost the competitiveness of Tous Les Jours. CJ [...]
SEOUL, Jun. 10 (Korea Bizwire) — The entertainment arm of food and entertainment conglomerate CJ Group said Monday that it has joined hands with the global entertainment firm Anschutz Entertainment Group (AEG) to build an arena in Goyang, just northwest of Seoul. The 20,000-seat arena will be located inside of the complex dubbed CJ LiveCity [...]
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 [...]
SEOUL, Feb. 8 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Thursday its net profit rose 16.8 percent in 2017 from a year earlier on the back of brisk performance of its processed foods and overseas businesses. Net income came to 412.8 billion won (US$379.3 million) on a consolidated basis last [...]
SEOUL, Jan. 11 (Korea Bizwire) – Samsung is the most popular employer of choice for young Chinese adults, according to the results of a survey carried out by the Shanghai branch of the Korea International Trade Association (KITA) last December. The answers given on the survey, which asked questions about working for South Korean companies, [...]
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 [...]
SEOUL, Nov. 22 (Korea Bizwire) — CJ Foodvill, the restaurant arm of food and entertainment conglomerate CJ, said Wednesday it will hive off its cafe chain to strengthen its competitiveness as a global brand. The company said its board members approved the plan to spin off A Twosome Place in early February 2018. There are [...]
SEOUL, July 25 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Tuesday it will spend 70 billion won (US$63 million) on building a new production complex in Vietnam to expand its presence in the Southeast Asian market. The Korean firm said it held a groundbreaking ceremony Monday for the 66,000 [...]