CJ Group
Scope
Date
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Energy
Korea-led group wins Indonesia's power plant service deal
A consortium led by South Korean companies has bagged 130 billion won ($98 million) worth of an offshore plant service order from Indonesia under a ...
Feb 26, 2024 (Gmt+09:00)
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Machinery
Hyundai Everdigm enters NA construction machinery market
South Korea’s Hyundai Everdigm Corp. announced on Monday that it has signed a dealership agreement with the US-based heavy equipment special...
Feb 26, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace, home of Korea’s next-generation space industry
CHANGWON, South Gyeongsang Province – South Korea’s Hanwha Aerospace Co. aims to establish a foothold in the global rocket industry domi...
Feb 23, 2024 (Gmt+09:00)
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Alternative investments
Mid-caps in digitization have strong upside potential: Partners Group
Global fund manager Partners Group Holding AG, one of the largest listed private equity firms in Europe headquartered in Switzerland managing $147 b...
Feb 23, 2024 (Gmt+09:00)
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Logistics
CJ Logistics builds logistics center for Crocs
South Korea’s CJ Logistics announced on Thursday that it has established a global logistics center for the renowned shoe brand Crocs in Icheon...
Feb 22, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor Group in test run of dedicated EV plant in Korea
Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...
Feb 21, 2024 (Gmt+09:00)
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Executive reshuffles
Kang Shin-ho returns as CJ CheilJedang CEO to revive sagging sales
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ CheilJedang Corp. and entertainment giant CJ E...
Feb 16, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, Hyundai Rotem start space mobility working group
Korea Aerospace Industries Ltd. (KAI) and Hyundai Rotem Co. announced on Friday that they held a kickoff meeting for a working group on the commerci...
Feb 16, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture
South Korea’s top chemicals maker LG Chem Ltd. and food and biotechnology firm CJ CheilJedang Corp. have agreed to launch an eco-friendly bio-...
Feb 15, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang overseas food sales surpasses domestic market
South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the fourth quarter performan...
Feb 14, 2024 (Gmt+09:00)
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Leadership & Management
SK Group’s Chey Tae-won heads to Europe, seeks AI partnerships at MWC
SK Group Chairman Chey Tae-won will embark on a business trip to Europe next week as South Korea’s second-largest conglomerate seeks to streng...
Feb 13, 2024 (Gmt+09:00)
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Leadership & Management
POSCO taps ex-President Chang In-hwa as its next group chairman
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has nominated former President Chang In-hwa as its next group chair...
Feb 08, 2024 (Gmt+09:00)
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Korean stock market
Hyundai Department stocks down on cheap dividend policy
Hyundai Department Store Group, a South Korean major retail conglomerate, has unveiled the group companies’ dividend payout plans for the mid ...
Feb 08, 2024 (Gmt+09:00)
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Electronics
Samsung to release pianist Seong-Jin Cho’s 8K video
Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...
Feb 08, 2024 (Gmt+09:00)
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Corporate governance
Hanwha Group extends RSU to all affiliates
South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...
Feb 07, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax opens integrated R&D center for bio-material
Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...
Feb 05, 2024 (Gmt+09:00)
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Earnings
Hana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...
Jan 31, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's profit halves on weak sales in China; shares drop
South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...
Jan 31, 2024 (Gmt+09:00)
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Logistics
CJ Logistics, Saigon Co.op form partnership in Vietnam
South Korea’s CJ Logistics announced on Wednesday that it has formed a strategic partnership with Vietnamese state-owned retail chain giant ...
Jan 31, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...
Jan 30, 2024 (Gmt+09:00)
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Fashion
Fashion Group Hyungji's profit surges 145% in 2023
South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...
Jan 30, 2024 (Gmt+09:00)
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Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
Jan 29, 2024 (Gmt+09:00)
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Fashion
CJ OnStyle launches genderless fashion brand M12
South Korea's CJ OnStyle announced on Thursday that it will launch a genderless fashion brand M12. M12 means genderless lifewear that can be worn co...
Jan 25, 2024 (Gmt+09:00)
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Corporate strategy
SK Group reintroduces Saturday CEO meeting after 20 years
South Korea’s energy-to-telecom conglomerate SK Group has decided to reintroduce Saturday gatherings of its subsidiaries' chief executives aft...
Jan 24, 2024 (Gmt+09:00)
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Chemical Industry
CJ CheilJedang develops PHA-based plastic bag
South Korea’s CJ CheilJedang Corp. announced on Tuesday that it has developed a packaging material using biodegradable material polyhydroxyalk...
Jan 24, 2024 (Gmt+09:00)
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Shareholder activism
Flashlight Capital urges KT&G to sue its directors for negligence
Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has urged South Korean tobacco maker KT&G Corp. to sue its inc...
Jan 23, 2024 (Gmt+09:00)
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Retail
Lotte Mall West Lake Hanoi cited as a Lotte success story
Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...
Jan 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...
Jan 18, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand