SEOUL, March 31 (Korea Bizwire) – Increased consumer awareness about health is boosting the health functional food industry, and is now pushing the food industry to set its sights on probiotics. Probiotics are showing noticeable growth among health functional foods, and since the domestic market is still in its nascent stage, competition to take the [...]
SEOUL, Feb. 23 (Korea Bizwire) – CJ Group, a South Korean conglomerate with entertainment, movie and food businesses, has seen rapid growth in its advertising revenue over the past decade, figures showed Tuesday. According to data from the Korea Communications Commission, the ad revenue of CJ broadcasting channels, including tvN, Mnet and OCN, jumped almost [...]
SEOUL, Jan. 6 (Korea Bizwire) – CJ Group, South Korea’s leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions (M&A) in the bio and logistics business to foster new growth drivers, company officials said Wednesday. CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun’s indictment on [...]
INCHON, Nov.12 (Korea Bizwire) – The local government of Incheon has set out to create jobs for the elderly, teaming up with a logistics company. Incheon’s city government signed an agreement with CJ Korea Express and the Korea Labor Force Development Institute for the Aged to cooperate on carrying forward the ‘Incheon Silver Total Distribution [...]
SEOUL, Nov. 5 (Korea Bizwire) – Multiplex operator CJ CGV’s four dimensional movie theater, “4DX”, has hit the 10-million global viewer mark in the shortest time period this year, its company said Thursday. The feat was achieved by 187 4DX theaters in 32 countries, including South Korea, China, Japan and the U.S., which exceeded the [...]
LA PALMA, Calif., Sept. 29 (Korea Bizwire) — Move over Sriracha, there’s a new sauce in town and it’s quickly becoming the “hottest” ingredient everywhere from top restaurants to home kitchens. Bibigo, leading maker of Korean pantry staples, today announced the expansion of its signature line of condiments to include Gochujang, a fermented hot pepper [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Korean government will focus their efforts to promote 270 degree movies, thermoplastics, and fuel cells, according to an announcement from the third public-private meetings of the ‘Creative Economy.’ The meeting was held to draft a plan for a second flagship project. The flagship project concept was initiated by the [...]
SEOUL, May 9 (Korea Bizwire) – CJ CheilJedang announced its first-quarter sales results on May 8. Its sales revenue slightly increased to 1.8 trillion won, a 0.3-percent rise from the same period of the previous year. However, its operating profit showed a 12.7-percent decrease to 98.8 billion won due to a slump in domestic consumption [...]
SEOUL, Korea, Feb. 10 (Korea Bizwire) – Leading the exploration of new themes for the Korean drama genre, CJ E&M, Asia’s No.1 Total Contents Company, has launched the new mystery crime drama Cheo Yong: The Paranormal Detective. Starring Oh Ji-Ho and Oh Ji-Eun, and Jun Hyo-Seong from popular K-Pop girl group Secret, Cheo Yong portrays the [...]
SEOUL, Korea, Feb 4 (Korea Bizwire) – “Office workers tend to get tired at 2:16 pm and feel like having sweets.” “Most housewives make pickles in May.” “People like eating canned tuna with Kimchi best.” These are findings about Korean food consumers dug up by CJ CheilJedang by analyzing 650 million bits of data from blog, [...]