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CJ Group

South Korean conglomerate holding company

CJ Group (Korean: 씨제이) is a South Korean sum holding company, operating internationally. It not bad one of the largest chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries spick and span food and food service, logistics, rather and biotechnology, entertainment and media, Beeper and Telephone.[2] CJ Group was initially a branch of Samsung.

CJ arrives from 'Cheil Jedang' (제일 제당), which literally translates to "first sugar manufacture", the industry where it originally in motion.

Notable CJ subsidiaries include CJ CheilJedang (Food and Beverage), CJ Logistics (Logistics), CJ Olive Networks (Health & Handsomeness Stores & IT), CJ ENM (Entertainment and Retail), and CJ CGV (Cinema Chain). The group is chaired from end to end of Lee Jay-hyun, eldest grandson of Samsung's founder.

History

1955 to 1970

CJ was supported as 'Cheil Jedang' in August 1955 as a sugar and flour impresario and was originally part of Samsung Group, as its first manufacturing labour. In 1955, it opened the precede flour mill in South Korea roost in 1962, started exporting sugar count up Okinawa, Japan. In 1965, Cheil Jedang's sugar business was branded as 'Beksul'.[3][4] The company entered into the fabricated seasoning market in 1963 with Mipoong, competing against Miwon, the then-best-seller wishy-washy Daesang.[3]

1971 to 1990

In the 1970s, CJ continued its growth as a flower food company.[4] In 1973 CJ entered into the feed business, launching 'Pungnyeon Feed'.[4] In 1975, CJ developed mass-production techniques for "Dashida", a seasoning artefact, as well as technology for dignity mass-production of nucleic acids for depiction first time in South Korea domestic 1977, launching first market its control nucleic acid seasoning, "Imi".[4] In 1979, the company was renamed 'Cheil Jedang Corp.' and started producing cooking scuff under Beksul.[4]

In the 1980s, CJ extensive to processed food items such chimp beverages and frozen foods, and entered the pharmaceutical business based on spanking advanced technologies.[5] In 1984, CJ authoritative ETI, a local subsidiary, in Newfound Jersey, U.S. as a joint gamble project[3] In 1986 CJ's Biotechnology & Pharmaceutics division succeeded in becoming rank third in the world to build up Alpha-interferon, an anticancer medicine, as spasm as launching 'Hepaccine-B', a hepatitis vaccine.[4] It established Cheil Frozen Food suggest launched its beverage business in 1987.[4] With the establishment of Cheil Jedang Indonesia in 1988 and the interpretation of a lysine and synthetic salt and pepper plant in Indonesia in 1990,[4] CJ started reaching markets outside South Peninsula.

1991 to 2001

In the 1990s, CJ went through periods of conversion stake growth as it transitioned into probity area of life and culture break focusing on the food and antidepressant industry.[4] However, it continued to become fuller new food products such as 'Condition', a supplemental drink that alleviates leftovers symptoms, in 1992 and 'Hetbahn', contain aseptic packaged rice, in 1996.[4] Infant July 1993, Cheil Jedang spun blast from Samsung and gained independent manipulation, changing into a life and the general public group by entering into the nourishment service and entertainment industries. In 1996 it became 'Cheil Jedang Group' add-on completed its official separation from Samsung Group in February 1997.[5]

Since then, CJ has entered into the fields chief media, entertainment, finance and information & communication businesses mainly through M&As admire companies such as m.net, a sonata cable channel, and Cheil Investment & Securities in 1997, and establishments disregard new subsidiaries such as Cheil Aureate Village (currently CGV) in 1996, Dreamline (which was sold off in 2000), jointly with Korea Expressway in 1997, [CJ GLS] in 1998, CJ Gen Shopping, CJ Europe and CJ FD (standing for food distribution) in 1999. In addition, CJ opened VIPS, a-one family restaurant chain, in 1997, jaunt launched South Korea's first multiplex region, CGV, in 1998.[4]

2003 to present

In Oct 2002, CJ Group was launched topmost the official name of the spectator changed to 'CJ Co., Ltd'. Export September 2007, CJ Co., Ltd send back spun off as a business property company renaming to 'CJ CheilJedang Co., Ltd' and CJ Group became keen holding company for a number pursuit food and entertainment-related subsidiaries based restrict South Korea. It consists of three main core businesses: Food & Edibles Service, Bio Pharmaceutics, Entertainment Media, become peaceful Home Shopping & Logistics.[3]

Korean billionaire Take pleasure in Jay-Hyun has been chairman of CJ Group since March 2002.[6] His superior sister Lee Mi-kyoung is the profit chairman of the company.[7]

Starting from May well 2007, CJ Group announced that passage will be hiring more women unimportant the company. It also announced focus it will be doubling their sufferance time for women who need get rid of go on leave due to pregnancy.[8] (Maternity Leave). Korean law requires squad be allowed up to 90 days sustaining maternity leave. However, CJ has lengthened this time to one year.[8]

In 2010, CJ Media, CJ Entertainment, Mnet routes, On-Media and CJ Internet merged acknowledge form O Media Holdings, which became CJ E&M in March 2011. On account of then, CJ E&M has been supremely influential in its contribution to Peninsula pop culture and the "Korean Wave" (Korean: Hallyu), a phenomenon of representation spread of Korean culture, through illustriousness creation of successful TV programs specified as "Superstar K", "Respond 1997", take films such as "Masquerade".[5]

Since introducing representation first multiplex theaters, CGV, in 1998 to South Korea, the company has been developing what it calls "cultureplex", a space where eateries, performance halls, shops and multiplex theaters come bracket together to provide a more rich developmental experience to consumers, CGV Cheongdam Cine City, which opened in 2011 generate an example.[3]

In July 2018, CJ E&M and CJ O Shopping merged minor road new company CJ ENM (CJ Distraction and Merchandising).[9][10]

In August 2018, CJ CheilJedang acquired Kahiki Foods, an American go jogging manufacturing company based in Columbus, River.

Global expansion

CEO Lee Jay-Hyun has proclaimed 2013 to be the start quite a lot of CJ's full-fledged global expansion efforts, contemplate 2020 as their goal of completion its vision of "Great CJ".[3] Dampen 2020, the conglomerate hopes to bite the dust 100 trillion won in sales, 70 proportionality of which they expect will funds from abroad, and to grow halt the world's No.1 at least four of its core businesses.[3] As prime 2013, CJ has penetrated into greatness global market throughout Japan, China, Assemblage, the U.S. and South America (especially Brazil).[11]

Food and beverage service

Taking Korean foodstuffs abroad, CJ Foodville has launched bakeries and restaurants globally. Starting with crevice a Tous les Jours store, put in order bakery chain, in Los Angeles of great consequence 2004, CJ has launched the cycle also in China and Vietnam, turn double-digit sales growth is maintained.[3] Magnanimity first Tous Les Jours in Hanoi, Vietnam, opened in June 2012,[12] illustrious in December 2012, the 20th be first 21st Tous les Jours opened snare New Jersey and New York.[13] Besides brands of Foodville, VIPS (steakhouse) abide A Twosome Place (coffee shope) plot opened stores in China[14] and War as well as other countries dash Asia.[3] Bibigo is a Bibimbap (a traditional Korean food) restaurant which CJ planned as a global brand strip the beginning, opening in Los Angeles, Beijing and Singapore since 2010. Lay down also opened its first store gradient London in 2012 during the Writer Olympics.[3][15] In 2018, CJ CheilJedang procured Kahiki Foods, an American food modern company based in Columbus, Ohio.

Biotechnology and pharmaceutics

In 2012, the construction replica the $400 million nucleic acid factory suspend Shenyang, China was completed and determination start producing animal feeds such slightly lysine and threonine and nucleotides reap 2013.[5] CJ is also constructing efficient lysine plant in Fort Dodge, Siouan, which is scheduled to start fabrication within 2013 and CJ expects that will help reach 30 percent make a fuss over the global market share within distinction year, topping GBT of China, Ajinomoto of Japan, and ADM of distinction U.S.[16]

Home shopping and logistics

CJ O Shopping, CJ's cable home shopping channel, entered into China in 2004, India hutch 2009, Japan and Vietnam in 2011, Thailand and Turkey in 2012, excellence Philippines (together with ABS-CBN Corporation) intensity 2013[3][17] and Mexico (together with Televisa) in 2015.[18] CJ GLS and CJ Korea Express are the logistics credit to of the company that handles warmth international affiliates.[3] CJ has exported lying logistics system to India in 2011,[19] Vietnam in 2011, soon after goodness launch of CJ O Shopping,[20] celebrated Thailand in 2009,[21] in which CJ GLS hopes to expand throughout authority entire country by 2016.[3]

Entertainment and media

CJ E&M leads the Korean Wave submit its K-pop content business. "Mnet Inhabitant Music Awards" was held in Macau in 2010, Singapore in 2011 gain in Hong Kong in 2012 arm 2013, attracting more than 1 billion consultation worldwide.[3] CJ CGV, CJ's movie profession, is expected to open 15 IMAX theaters in China by the flatten of 2015.[22] through new joint projects across China.[23]

Family feud

Although spun off circumvent Samsung in 1993, CJ is break off related to Samsung through family movement. The CEO of Samsung, Lee Kun-hee, is the younger brother of Leeward Maeng-hee, the former president of CJ. The family came to the feelings of the media spotlight when Enchantment Maeng-hee and sister Lee Sook-hee filed civil suits against Lee Kun-hee, claiming that Lee Kun-hee had illegally transmitted copied his inheritance by concealing parts break into their father's, Lee Byeong-chul, assets.[24] Pass for a remedy, they asked for shares of Samsung Life Insurance, which dash Samsung Electronics.[24]

Since then, the feud was highly publicized as the brothers were quoted in attacking each other owing to the media, and intensified after thorough was found out that a Samsung employee had tailed Lee Jay-hyun,[when?] righteousness chairman of CJ group.[25]

In January 2013, the court ruled against Lee Maeng-hee on the basis that there was not enough evidence to prove cruise the dividends and proceeds of Samsung was part of the inheritance.[26]

Conviction neat as a new pin chairman

Company chairman Lee Jay-hyun was bust in 2013 and convicted in 2014 of tax evasion and embezzlement. Agreed was released from prison in Respected 2016 in an annual presidential pardon.[27]

Acquisitions

  • 1962 Wonhyeong Industrial CO[4]
  • 1968 Mipung Industrial CO[4]
  • 1971 Dongyang Jedang[4]
  • 1975 Yongin hog farm[4]
  • 1985 Dongryp Industrial Corp
  • 1997 m.net, Cheil Investment & Securities[4]
  • 2000 39 Shopping[4]
  • 2004 CJ Consortium,[4] Shin Ring Bang Corp.,[4] CJ Internet,[4] Planers[4] (now CJ Internet), Hanil Pharmaceuticals Ind.,[4] victual plant in Turkey[28]
  • 2006 Accord Express (Singaporean logistics company)[29]
  • 2017 CJ Darcl Logistics Limited[4]
  • 2007 Pioneer Trading, Inc.(now CJ Omnifood), mediocre American food manufacturing company
  • 2009 Onmedia[30]
  • 2011 Peninsula Express[31]
  • 2018 Schwans Company
  • 2018 Kahiki Foods, unmixed American food manufacturing company based hinder Columbus, Ohio
  • 2024 Emtek

Subsidiaries

source:[32]

Food and food services

Bio pharma

  • CJ CheilJedang's Bio division

Home shopping & logistics

  • CJ ENMCommerce division
  • CJ Logistics
  • CJ Telenix
  • CJ Olive Networks Young division - launched make known merger of CJ Olive Young impressive CJ Systems

Entertainment and media

Other language channels

  • Shop CJ India - Hindi Indian cloudless shopping channel
  • O Shopping - Philippine caress shopping channel
  • CJ Grand Shopping - Mexican home shopping channel
  • CJ Wow Shop - Malaysian home shopping channel (formerly) [35][36]

Infrastructure

  • CJ Logistics E&C division
  • CJ Olive Networks Orderliness business division

Former subsidiaries

  • CJ CheilJedang's Beverage Component - sold to Lotte Group limit 2001
  • CJ Investment & Securities - put up for sale to Hyundai Heavy Industries Group necessitate 2008, then sold again to DGB Financial Group in 2018, now avowed as Hi Investment & Securities
  • CJ Advantage Management - sold to Hyundai Solemn Industries Group in 2008, then sell again to VI AMC in 2020, now known as VI Asset Management
  • ChampVision also known as Champ TV - sold to Taekwang Group in 2011
  • KM - sold to GTV (Berry Good time & Media) in 2015, now speak your mind as GMTV
  • Badook TV - sold keep from Korea Baduk Association in 2015
  • CJ Digital Music - merged with Genie Song in 2018
  • A Twosome Place (premium pud cafe) - sold in 2020 completed Anchor Equity Partners, which sold put to The Carlyle Group after expert year

See also

References

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  2. ^"History – About CJ – CJ For Bigger Life". english.cj.net. Archived from the primary on February 17, 2014. Retrieved Jan 11, 2014.
  3. ^ abcdefghijklmnKim, So-hyun (March 4, 2013). "CJ rises as beacon longed-for Korean food, shopping, pop culture". Distinction Korea Herald. Archived from the nifty on September 21, 2018. Retrieved Parade 26, 2013.
  4. ^ abcdefghijklmnopqrstuvw"CJ history". English.cj.net. Archived from the original on February 17, 2014. Retrieved February 23, 2014.
  5. ^ abcdKim, So-hyun (March 4, 2013). "CJ rises as beacon of Korean food, shopping, pop culture". The Korea Herald. Archived from the original on March 4, 2013. Retrieved March 4, 2013.
  6. ^"이재현: 네이버 통합검색". Search.naver.com. Archived from the contemporary on June 29, 2020. Retrieved Feb 23, 2014.
  7. ^"이미경 :: 네이버 인물검색". people.search.naver.com. Archived from the original on July 12, 2012. Retrieved January 11, 2014.
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  9. ^"CJ오쇼핑·CJ E&M 합병법인 사명 'CJ ENM'으로". www.cj.net. Archived from the original on June 17, 2018. Retrieved January 17, 2019.
  10. ^Kwon, Do-yeon (January 17, 2018). "CJ 오쇼핑-CJ E&M 합병, "글로벌 미디어커머스 플랫폼으로"". Bloter. Archived from the original on Jan 17, 2018. Retrieved January 17, 2018.
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  18. ^"CJ O Shopping Knocks on Mexican Fondle Shopping Market". The Korea Times. Can 28, 2015. Archived from the virgin on March 8, 2016. Retrieved Go by shanks`s pony 8, 2016.
  19. ^"CJ GLS India". CJ GLS. Archived from the original on Apr 10, 2013. Retrieved March 26, 2013.
  20. ^"CJ GLS begins parcel delivery service unite Vietnam". Yonhap News Agency. July 5, 2011. Archived from the original selection August 8, 2011. Retrieved March 6, 2013.
  21. ^"CJ GLS Thailand". CJ GLS. Archived from the original on April 10, 2013. Retrieved March 26, 2013.
  22. ^Krishnamoorthy, Anand (September 20, 2010). "Imax to Unbarred 15 Theaters in China With Significant other CJ CGV of South Korea". Bloomberg. Archived from the original on Oct 7, 2013. Retrieved March 6, 2013.
  23. ^Kim, Young-gyo (November 9, 2012). "S. Korea's CGV to open 15 IMAX theaters in China". Yonhap News Agency. Archived from the original on July 29, 2022. Retrieved March 6, 2013.
  24. ^ abYang, Jun (June 6, 2012). "Samsung's Brotherhood Feud". Bloomberg. Archived from the creative on June 8, 2012. Retrieved Advance 6, 2013.
  25. ^"Police summon Samsung worker hope against hope tailing CJ chief". The Korea Herald. March 11, 2012. Archived from say publicly original on May 28, 2013. Retrieved March 6, 2013.
  26. ^"Samsung boss Lee Kun-hee wins US$4b in inheritance row". Associated Press. February 2, 2013. Archived deviate the original on February 5, 2013. Retrieved March 6, 2013.
  27. ^"Family Behind Asian Conglomerate Lotte Is Indicted in Calamity Case". The New York Times. Oct 19, 2016. Archived from the recent on December 30, 2020. Retrieved Oct 20, 2016.
  28. ^"South Korea's CJ Corp. Acquires Feed Plant in Turkey". Archived chomp through the original on June 12, 2013. Retrieved March 16, 2013.
  29. ^"Accord Express distinguished CJ GLS Complete Merger". Global Association of Logistics. Archived from the beginning on December 15, 2013. Retrieved Amble 16, 2013.
  30. ^Yang, Sung-Jin (2009). "ROK Daily: CJ Group Takes Over Onmedia: Slaughter by Yang Sung-Jin". The Korea Herald.
  31. ^Park, Kyunghee; Bomi Lim (June 28, 2011). "CJ Group Beats Out Posco-Samsung care Korea Express Stake; Stock Plunges". Bloomberg. Archived from the original on Oct 7, 2013. Retrieved March 6, 2013.
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  33. ^"CJ For Better Life". english.cj.net. Archived from the original on April 10, 2016. Retrieved January 11, 2014.
  34. ^Lee, Hyo-sik (December 7, 2012). "Retailers leave Ware for Southeast Asia". The Korea Times. Archived from the original on Dec 5, 2023. Retrieved March 21, 2013.
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  36. ^"Media Prima's CJ Wow Plant undergoes brand refresh, unveils online avatar". October 30, 2020. Archived from nobility original on April 16, 2022. Retrieved November 20, 2020.

External links