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 [...]
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 [...]
SEOUL, Dec. 20 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s largest food company, said Tuesday it has completed two animal feed plants in Indonesia as part of efforts to expand its presence in the Southeast Asian market. One plant located in Central Java’s Batang has a 260,000-ton annual capacity of feed for chickens and [...]
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 [...]
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) [...]
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 [...]
SEOUL, Oct. 2 (Korea Bizwire) – As consumer interest in eating healthy food is growing, eggs that are produced in a ‘natural’ way by free-range chickens instead of by chickens in chicken coops have been in high demand. However, it turns out that many consumers have been fooled, as a lot of those eggs were [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean retailers and food manufacturers are expanding their ready-to-eat meal products to cater to the country’s rapidly growing single households who opt to eat in, partly to save time and money, market watchers said Wednesday. Retailers and food makers, in turn, are swiftly moving to increase their market [...]
SEOUL, May 19 (Korea Bizwire) — Korea’s cheap street food ‘hotdog’, a fried, dough covered sausage on a long stick is getting a makeover. As CJ Cheiljedang launched an additives-free hotdog in 2011, the market for instant hotdog products is growing bigger by the year. Lotte Ham launched an all-pork sausage hotdog product in 2010, [...]
SEOUL, Mar. 5 (Korea Bizwire) — An eighteen-year-old intern’s suicide following physical and verbal abuse from his co-worker at a CJ Cheiljedang plant has been recognized as an occupational hazard by the Korea Workers’ Compensation & Welfare Service (COMWEL), said the Korean Federation of Construction Industry Trade Unions (KFCITU) on March 4. This is the first recognition of [...]