CJ Group

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CJ Group

logo
legal form Corporation
ISIN KR7001040005 ( common stock )
KR7001041003 ( preferred stock )
founding 1953
Seat Seoul , South KoreaKorea SouthSouth Korea 
management Lee Jay-hyun, son of Kyung-shik
sales 21.2 trillion Won (14.95 billion euros )
Branch Conglomerate
Website www.cj.net
As of December 31, 2015

The CJ Group is a South Korean conglomerate ( Jaebeol ) with its headquarters in Seoul. Like other Jaebeols in South Korea, the CJ Group is active in various business fields. These include food production and distribution; Pharma and biotechnology; Home shopping and logistics; Media and entertainment. The CJ Group emerged from Cheil Jedang, a Samsung Group company founded by Lee Byung-chull . Cheil Jedang (Hangul: 제일 제당 ) literally means “Best Sugar” and was the first industrial sugar manufacturer in South Korea. After Lee Byung-chull's death, Cheil Jedang was run by his eldest son, Lee Maeng-hee. The company was later spun off from the Samsung Group and became independent. The annual turnover of the CJ Group in 2013 was 18.8 trillion. Won. The group includes five business areas: food and catering (32% share of sales); Home shopping and logistics (30%); Entertainment & Media (19%); Bio and pharmaceuticals (18%) and infrastructure (1%).

history

CJ was founded as Cheil Jedang Co., Ltd in August 1953, just after the Korean War. Cheil Jedang was one of the first manufacturing companies in the Samsung group. Lee Byung-chull , the founder of Samsung, started out as a grocer. Cheil Jedang was the first company in South Korea to produce sugar on an industrial scale. In 1964, the production of pure sodium glutamate (a flavor enhancer) followed, which bore the trade name Mipung.

Cheil Jedang built more food factories and food research facilities. The company also got into the manufacture of pet food, ready meals and food additives. A well-known branded product in South Korea is Dasida (comparable to Maggi Fix in this country).

The company expanded to include the manufacture of amino acids and pharmaceutical products (e.g. Hepaxin-B, a hepatitis vaccine). In the late 1980s, the company began setting up production facilities abroad (Indonesia).

In 1991, Cheil Jedang was one of the first food manufacturers in South Korea to break the trillion won sales mark. In 1994 the company entered the film business by joining DreamWorks SKG and securing distribution rights for the Dreamworks productions in Asia (excluding Japan). The company also got into cosmetics production and the fast-food restaurant business. In 1997, Cheil Jedang became completely independent from the Samsung Group.

Various restructurings followed in the CJ group. The entertainment division (CJ Entertainment), restaurant chains (CJ Foodville) and the cosmetics division (CJ Enprani) were spun off. In addition, internationalization followed, especially on the Asian market. In October 2002, CheilJedang Co., Ltd. was established. in CJ Co., Ltd. renamed.

The CJ Group continues to expand its business nationally and internationally. In 2013 the group achieved sales of over 18 trillion won.

The fast food chain McDonald’s wants to get rid of its branches in South Korea. The CJ group, along with some financial investors and the local KG group, is one of the bidders.

Subsidiaries

Food and gastronomy

  • CJ Cheil Anyang
  • CJ Foodville
A Tous les Jours branch in Beijing

CJ Foodville has been in the hospitality business since 1994. The company includes restaurant chains with various international specialties: VIPS (steak restaurant), Tous le Jours (bakery, coffee), bibigo (Korean specialties), A Twosome Place (premium dessert, coffee), Twosome (coffee), China Factory ( Chinese specialties), CHEILJEMYUNSO (Korean noodle dishes), The Steak House (premium steak house), Burger VIPS (handmade hamburgers).

  • CJ Freshway

CJ Freshway claims to be South Korea's leading food distribution and catering company.

Bio and Pharma

  • CJ CheilJedang Bio

CJ Cheiljedang Bio produces biotechnological products mainly MSG , nucleosides and amino acids ( lysine , threonine and triptophane ). They are used as a food and animal food additive. The company is the global market leader in the nucleoside market.

  • CJ CheilJedang Feed

CJ CheilJedang Feed operates more than 1000 cattle farms and 19 feed production factories in more than five countries. The company also has several R&D centers with attached cattle ranches.

Entertainment & Media

CJ ENM (Entertainment and Merchandising) was created in 2018 through the merger of CJ E&M (Entertainment & Media) and CJ O Shopping. According to the company's own information, it is Asia's leading content and marketing company. The company is divided into two main divisions, E&M and Shopping. E&M, in turn, is divided into: media, film, music, festival, live performances and animation. The media division includes 16 TV stations (e.g. the music station Mnet , the cable station tVN and the largest South Korean film station OCN ). The film division sells DreamWorks productions in Asia (except Japan), produces, finances and sells its own films. One of the most successful productions by CJ E&M was the film Roaring Currents . The studio also received the 2020 Oscar for Parasite . The music division produces, invests and markets music from a number of K-pop artists. The live entertainment division began in 2003 with the performance of the world-famous musical Cats . She also produces her own musicals and performs them in South Korea and abroad (China and Japan). For example, the musical Bodyguard was co-produced by CJ E&M. CJ O Shopping is the first South Korean teleshopping company. The company already operates in China, India, Japan, Vietnam, Thailand, Turkey and the Philippines.

A CJ CGV multiplex cinema in Seoul

CJ CGV originally emerged from the collaboration with the Hong Kong film producer Golden Harvest and the Australian Village Roadshow . The foreign partners later withdrew from the cooperation. CJ CGV operates 249 multiplex cinemas with a total of 1853 screens in South Korea, USA, China, Vietnam, Indonesia and Myanmar. At the beginning of 2016, CJ CGV took over a majority stake in the Turkish Mars group and wants to operate cinemas worldwide with 10,000 screens by 2020. The South Korean cinema operator is already number 5 in terms of the number of cinema halls and wants to catch up with the Chinese market leader, the Wanda Group . The cinema market in South Korea is considered saturated, which is why the company is not only trying to open up further markets abroad, but also to cover the high-priced segment with more luxury equipment and services (CGV Gold Class) or with more complex technology (4DX, ScreenX). Seo Jung, CEO of the company, announced in June 2016 his intention to further expand internationally. The takeover of the Mars group should serve as the basis for further expansion in the Middle East and Europe.

  • CJ HelloVision

CJ HelloVision is a cable television operator and telecommunications company. It distributes the television programming of CJ E & M's channels via cable, Internet and satellite. SK Telecom would like to take over the company, but competitors KT and LG Uplus have already raised their concerns. The takeover has yet to be approved by several authorities. However, the takeover plan was stopped by the Fair Trade Commission (FTC) in July 2016. This means that CJ HelloVision remains the largest cable TV operator in South Korea.

  • CJ Powercast

CJ Powercast was founded in 2003. The company specializes in digital media services: VFX ( Visual Effect ), DI ( Digital Intermediate ), stereoscopic 3D productions for films.

logistics

  • CJ Korea Express

CJ Korea Express is a South Korean group logistics company. The Seoul-based company was founded in 1930 and has 5300 employees. Annual sales were $ 5.720 billion (2015). This makes the company the largest logistics company in South Korea. The company is already represented in 22 countries with 78 locations outside of South Korea. The company wants to grow rapidly internationally and become one of the top 5 logistics companies worldwide by 2020. In 2013, CJ Korea Express took over the majority of the Chinese Smart Cargo International Service. In 2015, the takeover of Rokin Logistics in China followed. The attempt to take over APL Logistics in Singapore, however, failed. The company is also interested in the Dutch company Ceva Logistics (formerly TNT Logistics ). Negotiations with the owner are ongoing.

  • CJ Olive Networks

CJ OliveNetworks is a subsidiary of the group and is the result of the merger of the subsidiaries CJ OliveYoung and CJ Networks. The OliveYoung division includes the health & beauty retail business (according to the company, No. 1 in South Korea). Perfumes, cosmetics, sweets, health foods and other products are offered in more than 600 branches and in the online shop. The tasks of the Networks division include IT consulting and various IT services, mainly for subsidiaries of the group.

Infrastructure

  • CJ Korea Express Construction Group

CJ Korea Express Construction Group (Engineering & Construction) is a subsidiary of the group. It builds upscale apartment buildings, commercial building complexes, vacation and entertainment facilities and participates in urban developments.

Web links

Commons : CJ Group  - collection of pictures, videos and audio files

Individual evidence

  1. ^ Board of Directors
  2. ↑ a b 2013 Financial Highlights . CJ. Archived from the original on March 6, 2016. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / cjir.irplus.co.kr
  3. ↑ a b Annual Report 2013 ( Memento of the original from March 24, 2016 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English)  @1@ 2Template: Webachiv / IABot / cjir.irplus.co.kr
  4. ^ History of CJ . CJ.
  5. ↑ Han Woo-ram: CJ Group joins bid race for Korean unit of McDonald's. PulseNews, June 29, 2016, accessed June 30, 2016 .
  6. ↑ CJ FOODVILLE. In: www.cjfoodville.co.kr. Retrieved May 24, 2016 .
  7. ↑ CJ Freshway. (No longer available online.) In: www.cjfreshway.com. Archived from the original on November 27, 2015 ; accessed on May 24, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.cjfreshway.com
  8. ↑ CJ CheilJedang Bio Homepage. Retrieved June 7, 2016 .
  9. ↑ CJ CheilJedang Feed. June 7, 2016, accessed June 16, 2016 .
  10. ^ Asia's No.1 Content Company .
  11. ↑ Business Overview. CJ O Shopping, accessed May 25, 2016 .
  12. ^ CJ CGV, Partners to Pay $ 688 Million for Mars Cinema , Bloomberg.com. April 4, 2016. 
  13. ↑ Anousha Sakoui: K-Pop Giant's Cinema Unit Mulls Stake Sales to Fund Growth. In: Bloomberg.com. Bloomberg, April 25, 2016, accessed May 24, 2016 .
  14. ^ 'Premium' theaters offer more than a movie , The Korean Herald. December 2, 2011. 
  15. ↑ 4DX Theaters . Archived from the original on June 18, 2017. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.cj4dx.com
  16. ↑ ScreenX . Archived from the original on May 17, 2016. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved May 17, 2016. @1@ 2Template: Webachiv / IABot / screenx.co.kr
  17. ↑ Shim Sun-ah: CGV CEO says globalization only way to survive. Yonhap News, June 22, 2016, accessed July 4, 2016 .
  18. ↑ Kim Yoo-chul, Lee Min-hyung: SK claims CJ deal to wide consumer choice. The Korea Times, May 9, 2016, accessed May 21, 2016 .
  19. ↑ Seo Ji-eun: FTC rejects SK's bid to acquire CJ HelloVision. Korea Jungang Daily, July 19, 2016, accessed February 21, 2017 .
  20. ↑ CJ Powercast. Retrieved May 25, 2016 .
  21. ↑ Overview. (No longer available online.) CJ Korea Express, archived from the original on February 10, 2016 ; accessed on June 1, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.cjkoreaexpress.co.kr
  22. ↑ Julie Zhu: CJ Korea Express pays up to expand China footprint. FinanceAsia, September 8, 2015, accessed June 1, 2016 .
  23. ↑ CJ Korea Express is interested in Ceva Logistics. (No longer available online.) DVZ Landverkehr, May 19, 2016, formerly in the original ; accessed on June 1, 2016 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.dvz.de  
  24. ↑ CJ OliveYoung homepage. (No longer available online.) Archived from the original on June 10, 2016 ; Retrieved June 7, 2016 (Korean). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.oliveyoungshop.com
  25. ↑ CJ Olive Networks website. Retrieved June 7, 2016 (Korean).