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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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Aleph Farms Partners with Thai Union and CJ CheilJedang to Help Drive Adoption of Cultivated Meat in Asia

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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.

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CJ CheilJedang: On Track for Steady Growth Despite Unfavorable Comparison Base

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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.

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