SEOUL, Nov. 3 (Korea Bizwire) – Foods-to-entertainment conglomerate CJ Group said Friday it decided to sell off its 34-year-old pharmaceutical affiliate CJ Healthcare due to the limitations of its domestic business. Morgan Stanley has been named the underwriter for the sale that industry watchers expect to exceed 1 trillion won (US$898.87 million), the affiliate’s estimated [...]
SEOUL, Oct. 31 (Korea Bizwire) – CJ Healthcare Corp takes hangovers seriously, so seriously in fact that it announced on October 30 that it has opened the country’s first ever research facility devoted to finding a cure for alcohol-induced woes. CJ Healthcare was the first company to introduce a hangover alleviation drink in 1992 with [...]
SEOUL, April 14 (Korea Bizwire) – The South Korean market for insomnia medications is growing at a fast clip as more people complain of sleep disorders, industry sources said Thursday. According to data by the National Health Insurance Service, 455,900 South Koreans received hospital treatment for sleep disorders in 2015, up a whopping 57 percent from [...]