CJ CheilJedang’s net profit rose more than 300 percent in 2020 as it sold 1 trillion-won worth of Bibigo dumplings.
Lee Sun-ho, the son of CJ Group Chairman Lee Jay-hyun, returned to CJ CheilJedang on Monday, a year after he was caught trying to smuggle drugs.
Food company CJ CheilJedang is building another mandu, or dumpling, production facility in the United States, aiming to have 70 percent of its overseas sales come from the U.S. market.
CJ CheilJedang’s Bibigo sold 1 trillion won ($902 million) of mandu, or dumplings, this year.
CJ Group named new CEOs at key companies, including CJ CheilJedang, as part of its annual personnel reshuffle.
CJ CheilJedang reported more than a thousand percent jump in consolidated on-year net profit in the third quarter on improved business.
Big companies have been hit hard by the pandemic, with 11 of the 15 largest reporting revenue drops in the first half.
CJ CheilJedang said Tuesday that its net income quadrupled in the second quarter from a year ago as demand for ready-made foods and other foodstuffs rose sharply amid the Covid-19 pandemic.
CJ CheilJedang has upgraded its fish cake products in response to recent demand growth as more people continue to dine at home.