CJ America News

The fourth South Korean drama boom in Japan looks likely to retain momentum in 2021, with the mega hit “Crash Landing on You” serving as the catalyst for many people to start watching South Korean dramas. While watching works that people were talking about, I noticed that many of them were created by Studio Dragon Corp., a production company founded in 2016 based in Seoul.

CJ Olive Networks will establish a customer data management model with Dunnhumby, a big data analysis company, and develop a big data analysis solution. CJ Olive Networks plans to establish a data management system by adding Dunnhumby’s data management analysis technology to CJ ONE’s data, an integrated membership service that gathers customer data using various CJ brands such as Olive Young, CGV, and Tous Les Jours.

Entertainment company CJ ENM announced some of the K-pop acts that will perform at its third KCON:TACT on Friday, giving a sneak peek at a week of activities taking place next month. Eight acts were announced: Boy bands iKON, The Boyz and Enhypen; girl groups Oh My Girl, ITZY and Everglow; and singers Woodz and Ha Sung-woon.

“Lost Face 1895,” a musical performance film, will soon be coming to 40 CGV cinemas across the country starting Feb. 24. The film is created and distributed by the Seoul Performing Arts Company under the Culture Ministry.

Entertainment company CJ E&M will host the third “KCON:TACT,” the online version of the annual Korean culture and music convention KCON, from March 20 to 28. Events will be conducted based on the local time and language. Attractions have been customized to best suit local interests and fan bases, such as workshops with local influencers and virtual fan meet-and-greet programs, which were a hit at American and Japanese KCONs.

CJ ENM, the Korean entertainment group behind last year’s “Parasite,” is to build its first real time virtual production studio, having struck a deal with Epic Games, maker of “Fortnite,” to develop virtual production. The arrangement means using Epic’s ‘Unreal Engine’ game engine technology in CJ ENM’s potential future projects.

Created by Studio Dragon in association with Netflix “Love Alarm” is the OTT giants first K drama series. It made its worldwide debut in 2019 and enthralled the audience with its amazing concept. That is the reason why just after a month of its release Netflix ordered “Love Alarm” Season 2. If sources are to believed then the shooting will probably end by mid-2021.

CJ CheilJedang, a 68-year old food company, has created a dumpling renaissance with its flagship Bibigo Mandu. While dumplings are widely known to be from China, they are actually shared staples in many countries, including Korea, and recipes differ by region. With Korean dumplings, called mandu and generally with thin dough wrapping, CJ CheilJedang has taken the “localization” strategy to present tasty, yet authentic Korean mandu to consumers in other countries.

CJ CheilJedang’s 4Q20 consolidated operating profit came in line with expectations. Domestic sales from processed foods increased 1% YoY, while overseas sales (including US subsidiary Schwan’s) jumped 6.9% YoY. Earnings will likely continue on a solid uptrend in 2021.

CJ CheilJedang’s net profit rose more than 300 percent in 2020 as it sold 1-trillion-won ($892 million) worth of Bibigo dumplings. CJ CheilJedang, the company that makes Bibigo brand products, reported 831.31 billion won in consolidated net profit in 2020, up 335.2 percent from a year earlier.