Aleph Farms announced it has signed Memorandums of Understanding (MOUs) with two of Asia’s largest food companies, global protein leader Thai Union and global food and lifestyle company CJ CheilJedang. As part of these agreements, Thai Union and CJ CheilJedang will help to accelerate Aleph’s scale-up, go-to-market activities and elevate distribution of cultivated meat in existing marketing channels across the APAC region.

The South Korean government has named domestic food and beverage manufacturing giants CJ Cheiljedang, Hite Jinro and Nongshim as the 2020 national top performers in terms of food production, whilst celebrating an overall increase in output amid COVID-19 and food security concerns.

We expect 2Q21 Food revenue/OP to increase. Results for domestic processed food were stable on the back of recovering B2B sales amid increasing outdoor activity as well as continual growth in demand for ready-to-eat microwaveable cooked rice and other home meal replacements. In China, online dumpling sales continue to increase, while in Japan, the vinegar category keeps growing. As for Schwan’s, we forecast USD-based revenue inch up on recovering B2B demand but KRW-based revenue edging down on unfavorable currency dynamics.

Shares of South Korean food giant CJ CheilJedang Corp. are on a roll, fueled by record earnings and rise as a global label. CJ CheilJeDang’s stock has extended a bull run throughout May, gaining 19.5 percent.

South Korean food giant CJ CheilJedang Corp earned 385.1 billion won ($343.7 million) in operating profit in the Jan-March period on sales of 6.2 trillion won. Both figures, respectively up 39.6 percent and 6.0 percent on year, are record highs for the first quarter thanks to a surge in global sales of its Bibigo-branded frozen mandu (dumplings) and other ready-to-eat meal kits. Profit jumped 30% on quarter.

South Korea’s food and entertainment conglomerate CJ Group made a strategic choice to reform its TV and online shopping service brands into a mobile-focused one in a “mobile era” where everything is done through smartphones.

CJ Cheil Jedang tied up with SKC, a polyester film and chemical material manufacturer, to produce a new biodegradable plastic material that is flexible and durable. The material has been applied to the packaging of some food products. The new material developed by SKC and CJ Cheil Jedang is good for food packaging by utilizing the characteristics of polylactic acid (PLA) and polyhydroxyalkanoates (PHAs).

Along with many others across the country, we are heartbroken by the devastating massacres that have recently taken place in Atlanta, GA and Boulder, CO. With our deep ties to Korea, the killings in Atlanta had a profound impact on the entire CJ community.

CJ OliveNetworks is going to establish Smart Factory and Smart HACCP (Hazard Analysis and Critical Control Point) at a manufacturing plant in Korea Yakult. Korea Yakult is a food and beverage company that produces lactobacillus fermentation oil and health functional foods. Based on its experience in food manufacturing business, CJ OliveNetworks is planning to integrate MES of FactoryONE, its own smart factory solution, and FactoryONE HACCP to implement process automation, smart HACCP and GMP at the same time.

CJ Cheil Jedang will go full throttle with the production of ready-to-eat grilled fish packages to cope with the growing popularity of home meal replacements, which are a convenient meal package requiring no comprehensive cooking processes. CJ Cheil Jedang said in a statement on March 11 that it would expand the production of “Bibigo Grilled Fish,” an HMR grilled fish product line, to increase output by more than 200 percent.