SEOUL, Feb. 8 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Thursday its net profit rose 16.8 percent in 2017 from a year earlier on the back of brisk performance of its processed foods and overseas businesses. Net income came to 412.8 billion won (US$379.3 million) on a consolidated basis last [...]
SEOUL, Jan. 11 (Korea Bizwire) – Samsung is the most popular employer of choice for young Chinese adults, according to the results of a survey carried out by the Shanghai branch of the Korea International Trade Association (KITA) last December. The answers given on the survey, which asked questions about working for South Korean companies, [...]
SEOUL, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found. Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]
SEOUL, Nov. 22 (Korea Bizwire) — CJ Foodvill, the restaurant arm of food and entertainment conglomerate CJ, said Wednesday it will hive off its cafe chain to strengthen its competitiveness as a global brand. The company said its board members approved the plan to spin off A Twosome Place in early February 2018. There are [...]
SEOUL, July 25 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Tuesday it will spend 70 billion won (US$63 million) on building a new production complex in Vietnam to expand its presence in the Southeast Asian market. The Korean firm said it held a groundbreaking ceremony Monday for the 66,000 [...]
SEOUL, March 29 (Korea Bizwire) – The Park Geun-hye administration’s rule, which collapsed with its leader’s impeachment, was not the best of times for CJ, a major food and media conglomerate in South Korea. A year and half after President Park took office in 2013, CJ Vice Chairwoman Lee Mi-kyung (who was the de facto [...]
SEOUL, March 14 (Korea Bizwire) – Couriers for one of South Korea’s largest logistics companies, CJ Korea Express, have become certified emergency medical responders after receiving safety and CPR training, the company announced yesterday. In collaboration with the Ministry of Public Safety and Security (MPSS), CJ Korea Express trained around five hundred of its employees [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday. Dozens of large companies, including top conglomerate Samsung Group, have been [...]
LOS ANGELES, Aug. 1 (Korea Bizwire) – South Korea’s CJ Group vowed Monday to boost global sales of its two entertainment units by capitalizing on the growing popularity of the Korean Wave. Entertainment giant CJ E&M and South Korea’s largest cinema chain, CJ CGV, saw their combined global sales reach 424.9 billion won (US$383 million) [...]
SEOUL, June 14 (Korea Bizwire) – Amid an ongoing investigation into Lotte, one of Korea’s largest conglomerate groups, prosecutors have confiscated the secret safes of Shin Kyuk-ho, founder and general chairman of Lotte, and Shin Dong-bin, the second son of Shin senior and current CEO of Lotte. According to the prosecutors’ office and Lotte officials, [...]