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Logistics Industry on Alert as Naver Teams Up with CJ Logistics

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

SEOUL, Oct. 28 (Korea Bizwire) — The South Korean retail industry is eyeing country’s top online portal operator Naver and entertainment and logistics giant CJ Group as the two companies are exchanging company shares worth 600 billion won ($531 million) as part of a strategic partnership in the fields of cultural content and distribution. Industry [...]

CJ Group Scion Under Drug Probe

CJ Group Scion Under Drug Probe

SEOUL, Sept. 2 (Korea Bizwire) — The eldest son of CJ Group Chairman Lee Jae-hyun is under investigation on drug charges, prosecutors said Monday. According to the Incheon District Prosecutors Office, Lee Sun-ho, the heir apparent of CJ Group, a leading food and entertainment conglomerate, was caught attempting to smuggle liquid marijuana in cartridges into [...]

CJ Companies to Build ‘Hallyu-themed’ Cultural Facilities Near Seoul

CJ Companies to Build ‘Hallyu-themed’ Cultural Facilities Near Seoul

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 [...]

CJ Logistics’ ‘Silver-Haired Delivery Service’ Drops Off 20M Packages

CJ Logistics’ ‘Silver-Haired Delivery Service’ Drops Off 20M Packages

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 [...]

Conglomerates Raise Issue of Chinese Economic Retaliation at Special Meeting with President Moon

Conglomerates Raise Issue of Chinese Economic Retaliation at Special Meeting with President Moon

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 [...]

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 [...]

CJ Group in Quandary as Political Scandal Spills into Its Key Culture Project

CJ Group in Quandary as Political Scandal Spills into Its Key Culture Project

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, [...]