CJ CheilJedang posted a 77.5 percent on-year increase in operating profit of 267 billion won on the back of its popular food products.
Samyang Corporation and Daehan Flour reduced the prices of their flour products in response to a price adjustment initiated by CJ CheilJedang last month.
The largest food manufacturer entered an agreement with the Chinese online retail giant to ship popular food products like kimchi and frozen goods.
CJ Group, a Korean conglomerate, appointed new leaders for its key subsidiaries, CJ CheilJedang and CJ Logistics, on Friday.
CJ CheilJedang reported a Q4 net profit of 151.9 billion won, a 99 percent on-year increase, exceeding market expectations. Sales decreased to 7.28 trillion won.
Ecommerce platform 11Street filed a complaint against Coupang for allegedly distorting commission fees that 11Street collects from its sellers.
Harvard Business School (HBS) has chosen the globalization of K-food as a case study topic, referencing Korea's largest food company, CJ CheilJedang, in the study.
The much-loved tteokbokki and instant rice from CJ CheilJedang's food brands are now available in Australian convenience stores.
CJ CheilJedang reported a decline in Q3 operating profit due to slumps in its nonfood businesses. The food division saw increased sales and profitability.
CJ CheilJedang has launched its "bibigo to go" delivery service in Britain. The Korean food conglomerate is partnering with delivery franchise company Peckwater Brands and is available on platforms like Uber Eats.
Korea JoongAng Daily Sitemap