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CJ Group to invest $16 bn to produce more global winners in contents and food

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The food and entertainment giant on Monday joined other top ranks of conglomerates releasing ambitious five-year investment schemes, timed with the launch of new presidency in Korea. The No. 13 business group in terms of assets as of 2021 will inject most of its investment into enhancing the “credence and value of Korean brands in the global market to bolster Korea’s soft power.”

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Asian Food & Biotech Giant Joins Forces With Korean Startup To Build Cultivated Meat Cell Line Production

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One of Asia’s largest food and biotech companies, CJ CheilJedang, is entering the cultivated meat industry in partnership with KCell Biosciences, a startup focused on cell culture media. The companies will construct a cell culture media facility in Busan, South Korea, later this year. When completed, the location will offer the largest capacity for cell culture medium production in Korea and the second largest in the entire APAC region.

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CJ CheilJedang's net profit rises 13.5 percent in 2021

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CJ CheilJedang’s consolidated net profit rose 13.5 percent 892.3 billion won ($745.8 million) in 2021, slightly beating market expectations. Overseas sales of dumplings in the United States rose 27 percent on year. Sales rose 47 percent in China, boosted by sales via TikTok and the company’s e-commerce website. Sales in Europe rose 72 percent and in Japan 96 percent as its products were being offered at convenience stores in the country.

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CJ Group vows to invest 10 trillion won with focus on culture and platforms

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CJ Group said on Wednesday it would invest more than 10 trillion won over the next three years to cultivate four growth engines — culture, platform, wellness and sustainability. One of the business goals is to build “lifestyle services and products” ranging from food, music, visual content and beauty, that appeal to global markets, the group said.

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CJ LiveCity to Break Ground for Korea’s No.1 Arena – the World’s First K-POP Dedicated Concert Hall

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CJ LiveCity had a groundbreaking ceremony for its ‘CJ LiveCity Arena’, Korea’s first and largest-scale arena, dedicated to K-Pop. In the ceremony, the company announced its vision to develop the City into a ‘Live K-Content Experience Districts’ that offer the vivid experience of K-Content, becoming a global destination for the 100 million fans all around the world.

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CJ’s journey for digital transformation

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CJ Group Chief Digital Officer and CJ OliveNetworks CEO Cha In-hyok, noting his company as among those accumulating trials and experiments, shared the story of how he took the retail-to-entertainment conglomerate on its digital journey. Speaking at the Korea Herald Biz Forum held Tuesday at the Shilla Seoul, the executive first focused on big tech companies such as Google, Facebook and Amazon.

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McIlroy emerges victorious as CJ CUP returns to Las Vegas

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The CJ CUP @ SUMMIT at the Summit Club in Las Vegas finished Sunday, with Rory McIlroy of Ireland taking the trophy and Im Sung-jae becoming the only Korean golfer to finish in the top 10. The CJ Cup is not just known for its competitive field, but also for its Korean cuisine experience event. As the official sponsor for the tournament, CJ arranged for golfers to taste its Bibigo brand of dumplings and spicy gochujang sauces on Wednesday, during the practice round.

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