CJ CheilJedang Archives | Be Korea-savvy
CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

SEOUL, Oct. 11 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Wednesday it will invest 200 billion won (US$176 million) to further foster its instant meal business in the next three years to meet robust consumer demands. The affiliate of the country’s food and entertainment giant CJ said it aims [...]

CJ Cheiljedang Buys Brazilian Firm, Launches Vegetable Protein Manufacturer

CJ Cheiljedang Buys Brazilian Firm, Launches Vegetable Protein Manufacturer

SEOUL, Aug. 28 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Monday it has completed the acquisition of a Brazilian company to expand its foothold in the vegetable protein business. Earlier in June, the Korean firm announced its plan to buy Selecta, a Brazilian company that manufactures soy protein [...]

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

SEOUL, Jul. 12 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Wednesday it will sell all of its stake in Samsung’s life insurer through block trading, as the company pushes to jack up investment. The company will unload 2.98 million shares worth 357 billion won (US$311 million), or a [...]

Samsung Electronics, CJ Cheiljedang Top Picks for S. Korean Jobseekers

Samsung Electronics, CJ Cheiljedang Top Picks for S. Korean Jobseekers

SEOUL, July 29 (Korea Bizwire) – Samsung Electronics Co. and CJ Cheiljedang Co., South Korea’s leading food and biochemical company, are the two most sought-after local companies among South Korean college students, a market survey showed Friday.  The annual survey of 1,003 college students by job search portal JobKorea said 15.3 percent of the 476 [...]

Food Companies Cutting Back on Sugar as Gov’t Plans to Step In

Food Companies Cutting Back on Sugar as Gov’t Plans to Step In

SEOUL, March 23 (Korea Bizwire) – Food companies have started to cut down the sugar levels in their products to match consumer awareness of the substance blamed for rising obesity, industry officials said Wednesday, in step with government moves to reduce its intake through state-level measures. According to LinkAztec, a market research company, the business-to-consumer (B2C) [...]

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 [...]