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
CJ Logistics is accelerating the development of a state-of-the-art logistics center in the United States.Korea Ocean Business Corporation recently held an investment review committee meeting and decided to invest US$61 million in the form of preferred shares in a special purpose company (SPC) to dev
Korean Air is pushing forward with the domestic sale of Asiana Airlines’ cargo business, which was once considered a major obstacle in the acquisition and merger (M&A) process with Asiana Airlines. The cargo division, previously seen as a vital source of revenue, is now under consideration for a par
CJ Olive Young, which faces allegations of forcing suppliers into exclusive product deliveries by the Fair Trade Commission (FTC), may be subject to fines exceeding 500 billion won according to recent media reports.On Oct. 4, a domestic news outlet reported that the FTC, which has been investigating
On Sept. 17, CJ Logistics announced its participation in Ukraine’s reconstruction projects as a part of the joint public-private “Ukrainian Reconstruction Cooperation Delegation.”Led by Won Hee-ryong, the minister of land, infrastructure, and transport, the Ukrainian Reconstruction Cooperation Deleg
Lee Jae-Yong, Chairman of Samsung Electronics; Chey Tae-Won, Chairman of SK Group; and the heads of other top 10 Korea-based conglomerates are projected to visit Saudi Arabia next month.According to industry sources on Sept. 14, Won Hee-ryong, minister of land, infrastructure, and transport, is cons
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
Aiming to achieve its goal of “securing 1,000 Tous Les Jours stores in the U.S. by 2030,” CJ Foodville has decided to initiate the construction of this new facility. The company plans to invest more than 50 billion won in Hall County, Gainesville, Georgia, to set up the factory on an approximately 9
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Sanigen provides A-to-Z solutions for food safety. Amid the government’s strengthening of food safety regulations, HACCP certification is to become increasingly important. Accordingly, interest sho
Seoul Sisters participated in KCON LA 2023 and, at the same time, they are actively targeting the US market. Seoul Sisters, who are targeting the global market starting with Amazon, plan to accelerate their entry into the US mainland by expanding offline channels after KCON LA 2023.Seoul Sisters has
CJ Foodville announced on Aug. 21 that it has opened its 100th Tous Les Jours store in the U.S. This one is named the “Bronxville Branch,” located about 15 miles north of midtown Manhattan, New York.Notably, the Bronxville Branch holds special significance as it’s the fifth store opened by a multi-s
The possibility of Coupang achieving annual profitability has grown stronger. The company achieved its highest-ever quarterly revenue and operating profit in the second quarter of this year, continuing its streak of four consecutive quarters of profitability.According to Coupang’s second-quarter ear
Over the past five years since 2018, Samsung has reduced the number of its overseas subsidiaries by approximately 100, whereas Hanwha has increased its number by more than 400, leading the group with the most overseas entities. Particularly, Samsung has actively reduced 22 of its subsidiaries in Chi
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on CJCJ to W430,000. Believing that the company has passed the bottom in terms of earnings, we see now as being a dip-buying opportunity from a turnaround perspective. A strengthening i
On July 3, CJ Logistics announced that it has signed a strategic partnership memorandum of understanding (MOU) with the 7th global container shipping company, Japan’s Ocean Network Express (ONE).Through this business agreement, both companies have agreed to actively cooperate in providing competitiv
CJ CheilJedang announced on July 31 that it has sold its entire stake in the Chinese food subsidiary Jixiangju. This is a strategic move to accelerate the growth of K-food and strengthen financial soundness through “selection and focus.”The sale price is approximately 300 billion won, and the buyers
CJ Bioscience announced on July 25 that it has confirmed a total of 15 microbiome drug pipelines, setting the record for the highest number globally among microbiome drug development companies.In March, CJ Bioscience commenced pipeline analysis work after acquiring promising drug candidates from 4D