CJ Logistics announced on March 13 that it has received the Center of Excellence for Independent Validators Lithium Batteries (CEIV Lithium Batteries) from the International Air Transport Association (IATA). The CEIV Lithium Battery Certification is an international standard certification issued by
Miky Lee, vice chairwoman of CJ Group, has been recognized as a visionary influencing Hollywood in the United States.According to CJ ENM on March 5, Vice Chairwoman Lee was featured in the special edition “2024 Hollywood Issue” of the prestigious American entertainment magazine Vanity Fair.Since 199
CJ Logistics announced on Feb. 22 that it has established an integrated logistics center for the globally renowned shoe brand Crocs in Icheon, Gyeonggi Province.Spanning an area of 20,000 square meters, the new facility can handle up to 50,000 boxes per day, doubling the capacity compared to the pre
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.The two terms that defined last year’s stock market were ‘new cold war’ and ‘supply chain reshaping’. In 2024, decoupling between DMs and EMs is to become a new market-defining feature. Today, the US’s bu
CJ Logistics announced on Jan. 31 that it has entered into a strategic partnership for logistics cooperation with Saigon Co.op, a Vietnamese state-owned retail chain giant.Through this partnership, both companies plan to establish a joint task force to collaboratively operate a new logistics center
The author, Sam seog Ko, is a distinguished professor at the College of AI Convergence at Dongguk University and former commissioner of the Korea Communications Commission -- Ed.The global streaming service Netflix is rapidly changing the media market. Especially during the corona pandemic, media ex
In 2023, the volume of kimchi exports turned to growth, reaching a new record high. The global K-content craze had an impact on the increase in kimchi exports, experts say.According to the Korea Customs Service on Jan. 21, South Korea exported 44,041 tons of kimchi in 2023, up 7.1% from 41,118 tons
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
CJ ENM announced on Jan. 11 that it will host the K-Culture Festival KCON Hong Kong 2024 at the AsiaWorld-Expo in Hong Kong on March 30 and 31.KCON is a festival that combines a K-Pop show with a convention where attendees can directly experience the Korean lifestyle. Since its inception in the Unit
For the first time in four years, business leaders from South Korea and China are meeting in Seoul to identify industries for cooperation between the two countries and to discuss future initiatives such as supply chain cooperation and carbon neutrality.The Korea Chamber of Commerce and Industry (KCC
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Moving ahead, we expect to see further structural strengthening in CJ Logistics’ profitability, powered by a combination of higher parcel delivery volume, a widening sales portion for small parcels,
CJ Freshway’s 2022 ESG Report has received the Gold Award at the 2023 Spotlight Awards organized by the League of American Communications Professionals (LACP), a prominent U.S. communications association. The report also earned a place in the Worldwide TOP 100, a selection of the top 100 outstanding
CJ ENM’s over-the-top (OTT) media platform Tving and SK Square’s Wavve are set to merge. Discussions of the merger between the two companies began in 2020 but had not progressed due to differing views on the specifics. However, discussions have recently accelerated.The merger of Tving and Wavve is a
CJ Logistics announced on Nov. 22 that it has signed a memorandum of understanding (MOU) with Saudi Arabia’s NESMA Group at its headquarters in the Jongno district of Seoul.Under this agreement, both companies have agreed to actively explore joint business opportunities and consider each other as pr
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
As of the end of the first half of this year, there were approximately 86 domestic corporate venture capital firms (CVC) established and held by companies to invest in alignment with their business strategies. CVC’s share of the total venture investment amount stands at 22%, and the government has a
Contents First, the creator of Tappytoon and a global digital comics industry leader specializing in IP development, production, distribution, and transmedia, today announced its groundbreaking partnership with Penguin Random House’s new global pop-comics imprint, Inklore. In an unprecedented move t
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Compared to 1H23, conditions are improving at CJCJ’s major business divisions, and it is expected that the firm’s consolidated OP will strengthen from 4Q23. The decision to sell CJ Selecta following th
CJ Foodville-operated Tous Les Jours has surpassed the 400 international store milestone.On Oct. 17, CJ Foodville announced that Tous Les Jours has opened over 400 global outlets in countries including the United States, China, Indonesia, and Mongolia.In the U.S., which was the first overseas market
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP to meet consensus at KRW396.2bn (-18.2% YoY)We now expect CJ CheilJedang to announce operating profit of KRW396.2bn (-18.2% YoY) on sales of KRW7.53tr (-6% YoY) for 3Q23, coming in line w