[WCSA – Wowtimes - Almanac Events & Achievements 2022] Highlights during 69 years of development of CJ Group, the conglomerate Chaebol of South Korea (1993)

30-05-2022

(wcsa.world) CJ Cheiljedang is a global food and BIO company that brings health, happiness and convenience to consumers around the world.

CJ Group is a South Korean conglomerate holding company and one of the largest Chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, entertainment and media, home shopping and logistics.

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

 

(WOWTIMES) CJ’s history and achievements

  • August 1, 1953: CJ was founded as CheilJedang Co., Ltd.
  • 1958: CJ started the flour manufacturing business
  • 1962: CJ export sugar for the first time
  • 1963: CJ evolved into seasoning business
  • 1973: The Company started the animal feed business, launched 'Pungnyeon Feed'
  • 1979: CJ started the cooking oil business
  • 1988: CJ established ‘PT-CSI’ in Indonesia
  • 1991: Its sales amounted to KRW 1 trillion for the first time in the domestic food industry.
  • 1994: CJ was first in the world to develop the ‘pseudomonas vaccine’.
  • 1996: the company entered into the Indonesian feed business, Vietnamese (2001) and China feed business (2003)
  • 2002, CJ Group was launched and the official name of the company changed to 'CJ Co., Ltd'.
  • 2007: CJ Co., Ltd again spun off as a business holding company renaming to 'CJ CheilJedang Co., Ltd' and CJ Group became a holding company for a number of food and entertainment-related subsidiaries based in South Korea. It consists of four main core businesses: Food & Food Service, Bio Pharmaceutics, Entertainment Media, and Home Shopping & Logistics.
  • 2010: CJ Media, CJ Entertainment, Mnet media, On-Media and CJ Internet merged to form O Media Holdings, which became CJ E&M in March 2011.
  • 2018: CJ E&M and CJ O Shopping merged into new company CJ ENM (CJ Entertainment and Merchandising).

 

CEO Lee Jay-Hyun has announced 2013 to be the start of CJ's full-fledged global expansion efforts, setting 2020 as their goal of achieving its vision of "Great CJ". By 2020, the conglomerate hopes to reach 100 trillion won in sales, 70 percent of which they expect will come from abroad, and to grow into the world's No.1 at least two of its core businesses. As of 2013, CJ has penetrated into the global market throughout Japan, China, Europe, the U.S. and South America (especially Brazil).


According to Wikipedia


Brian (collect) - (World Creativity Science Academy)