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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 [...]

CJ Enjoys Meteoric Rise in Ad Revenue

CJ Enjoys Meteoric Rise in Ad Revenue

SEOUL, Feb. 23 (Korea Bizwire) – CJ Group, a South Korean conglomerate with entertainment, movie and food businesses, has seen rapid growth in its advertising revenue over the past decade, figures showed Tuesday. According to data from the Korea Communications Commission, the ad revenue of CJ broadcasting channels, including tvN, Mnet and OCN, jumped almost [...]

CJ to Step up Global Expansion Through M&A

CJ to Step up Global Expansion Through M&A

SEOUL, Jan. 6 (Korea Bizwire) – CJ Group, South Korea’s leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions (M&A) in the bio and logistics business to foster new growth drivers, company officials said Wednesday.  CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun’s indictment on [...]

Incheon and CJ Korea Express Create Jobs for the Elderly

Incheon and CJ Korea Express Create Jobs for the Elderly

INCHON, Nov.12 (Korea Bizwire) –  The local government of Incheon has set out to create jobs for the elderly, teaming up with a logistics company. Incheon’s city government signed an agreement with CJ Korea Express and the Korea Labor Force Development Institute for the Aged to cooperate on carrying forward the ‘Incheon Silver Total Distribution [...]

CJ’s 4D Movie Theaters Draw 10 mln Viewers in Shortest Time This Year

CJ’s 4D Movie Theaters Draw 10 mln Viewers in Shortest Time This Year

SEOUL, Nov. 5 (Korea Bizwire) – Multiplex operator CJ CGV’s four dimensional movie theater, “4DX”, has hit the 10-million global viewer mark in the shortest time period this year, its company said Thursday. The feat was achieved by 187 4DX theaters in 32 countries, including South Korea, China, Japan and the U.S., which exceeded the [...]

Bibigo Launches Gochujang, the Next Must-Have Hot Sauce

Bibigo Launches Gochujang, the Next Must-Have Hot Sauce

LA PALMA, Calif., Sept. 29 (Korea Bizwire) — Move over Sriracha, there’s a new sauce in town and it’s quickly becoming the “hottest” ingredient everywhere from top restaurants to home kitchens. Bibigo, leading maker of Korean pantry staples, today announced the expansion of its signature line of condiments to include Gochujang, a fermented hot pepper [...]