SEOUL, Jun. 19 (Korea Bizwire) — CJ Group companies are planning to build two massive cultural facilities themed after “hallyu,” or the Korean Wave of popular culture, just northwest of Seoul, company officials said Wednesday. CJ ENM, an entertainment and mass media giant owned by CJ Group, has agreed to build the cultural facilities covering [...]
SEOUL, Jan. 16 (Korea Bizwire) – A Seoul-based non-profit organization on Tuesday awarded a Korean company and two figures from France and Russia for their work in promoting Korea’s image overseas. In the Korea Image Awards ceremony, which took place at a hotel in southern Seoul Tuesday, the Corea Image Communication Institute (CICI) presented an [...]
SEOUL, Dec. 12 (Korea Bizwire) – CJ Logistics’ package delivery program employing seniors, started five years ago, recently made its 20 millionth delivery, the subsidiary of conglomerate CJ Group announced on December 11. The program was launched in the southeastern city of Busan in 2013, before expanding to 160 other locations nationwide and eventually employing [...]
SEOUL, Jul. 28 (Korea Bizwire) — At a special ‘beer garden’ meeting held on Thursday at the Blue House with President Moon, executives from South Korean conglomerates raised the issue of China’s economic retaliation against South Korean companies, particularly electric vehicle battery manufacturers, urging the government to take action. During the unique meeting, Moon was [...]
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, Nov. 21 (Korea Bizwire) – An ambitious culture project by CJ Group has been shaken from its roots from the unfolding political scandal, investment negotiations and decisions being suspended despite the conglomerate’s hard push, company officials and sources said Monday. The entertainment business giant is building K-Culture Valley in Goyang, just north of Seoul, [...]
SEOUL, Aug 12 (Korea Bizwire) – President Park Geun-hye granted special pardons to a high-profile businessman and more than 4,870 people, many of who were convicted of non-violent, petty crimes, on Friday, three days ahead of Liberation Day. The list of the beneficiaries was finalized during an extraordinary Cabinet meeting Park presided over at the [...]
SEOUL, May 20 (Korea Bizwire) – South Korea on Friday said it has started the construction of a “hallyu” park in line with its move to establish sustainable attractions to lure Asian tourists. K-Culture Valley, a cluster of various cultural facilities to be located in Goyang, Gyeonggi Province, aims to promote the hallyu wave, which [...]
SEOUL, March 10 (Korea Bizwire) — CJ Group and Kingdom Holding Company (KHC), an investment company in Saudi Arabia, have entered into a partnership for their content businesses. CJ Group chairman Sohn Kyung-Shik met HRH Prince Alwaleed Bin Talal, chairman of KHC, on March 8. Sohn said that CJ Group is Asia’s best content company, and offers [...]
SEOUL, Sep. 17 (Korea Bizwire) - CJ Group staged its 5th “Friends of K-Culture” event on September 15 for expatriates in Korea who could enjoy first-hand taste of uniquely Korean dining and cuisine culture. Ten invitees including Thiao Poggio Padua, Brazilian ambassador to Korea, and Edit Csaba, wife of Hungarian ambassador to Korea, got a [...]