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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, [...]

Park Grants Special Pardons to More Than 4,870 People including CJ Chairman

Park Grants Special Pardons to More Than 4,870 People including CJ Chairman

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 [...]

CJ to Partner with Saudi Arabia’s Kingdom Holding Company

CJ to Partner with Saudi Arabia’s Kingdom Holding Company

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 [...]

CJ Hellovision Launches Innovative Mobile Advertising Platform for Small-Sized Game Companies

CJ Hellovision Launches Innovative Mobile Advertising Platform for Small-Sized Game Companies

SEOUL, Aug. 22 (Korea Bizwire) — CJ Hellovision, CJ group‘s entertainment and media unit, will launch a mobile advertising service which will create maximum impact on marketing and be economical at the same time, for small-sized game development companies CJ Hellovision announced on August 20 that they have co-developed “Cross Shock”, a free mobile game advertisement [...]