Native name 씨제이제일제당 주식회사 Traded as KRX: 001041 Area served Worldwide | Industry Food & Food Service Key people Kim Chul-ha (CEO) Founded 1953 | |
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Stock price 097950 (KRX) ₩ 3,55,000 -5,000.00 (-1.39%)3 Mar, 3:30 PM GMT+9 - Disclaimer Subsidiaries Liaocheng Lantian Thermal Power Co., Ltd. | ||
CJ Cheil Jedang is a South Korean food company based in Seoul that manufactures food ingredients, food, pharmaceuticals and biotechnology. Its brands include Beksul, Bibigo, CJ Hat Kimchi, DASIDA and Haechandle.
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History
CJ Cheil Jedang was founded as 'Cheil Jedang' in August 1953 as a sugar and flour manufacturer and was originally part of Samsung Group, as their first manufacturing business. In July 1993 it spun off from Samsung and gained independent management, changing into a life and culture group with the entrance into the food service and entertainment industries. In 1996 it became the 'Cheil Jedang Group' with the official separation from Samsung Group completed in February 1997.
In October 2002 the CJ Group was launched and the official name changed to 'CJ Co., Ltd'. In September 2007 CJ Co again spun off as a business holding company renamed 'CJ CheilJedang Co., Ltd' and CJ Group became a holding company for a group of food and entertainment-related subsidiaries based in South Korea. It has four main core businesses: Food & Food Service, Bio Pharma, Entertainment Media, and Home Shopping & Logistics; and CJ Cheil Jedang was put under Food & Food Service.
Businesses
Its four main business areas are food ingredients (including sugar, wheat, and oil), food, pharmaceuticals and biotechnology (including MSG, lysine), processed food and animal feed.
It has since expanded globally with offices in China, the U.S., the Philippines, Indonesia, Vietnam, Brazil, Australia, Japan and Singapore.
CJ was recently reported to be in talks with the US Corporation Dendreon who is in trials with a cancer vaccine called Provenge.