Korea Express to alternative raiders.
Among potential companies that showed willingness to buy, POSCO, Lotte and CJ were the plausible candidates. However, later in M&A process, it has been narrowed down to competition between POSCO and CJ. Whereas CJ originally formed its consortium with Samsung Insurance for the sake of capital funding, the contract between thetwo has been terminated. Instea
the health-conscious. During the Japanese period of occupation (1910-45) alcohol production was industrialized and beer and whisky introduced among the middle classes while the poor kept to the soju.
Soju is still widely available but the drinks of choice nowadays among many Koreans are beer (60% of Korea’s alcoholic drinks market) and whisky or thetwo drunk together as ‘poktanju’ lit.
TheKorean Fast-Food industry
There is tremendous growth in theKorean fast food industry which was help by the development of theKorean Economy. However due to the Asian financial crisis of 1997 the industry was also badly hit with revenues declining by 25%. It wasn't until two years later that the industry slowly started recovering again.
Korean fast food market scale is about one point 3 t
Part 1 - 2. THE PROCESS OF INNOVATION OF CJ
Part 1 - 2 - 1. The reason why Jeil-jedang separate from Samsung
The most important reason Jeil-jedang separated the company from Samsung in 1993 was related to Korean government’s policy at that time. Past president Kim Young-sam carried out policy, in which prominent conglomerates should focus on two or three fields of their business. By doing t
the agreement.
- December 2010
The December 2010 deal represented a compromise between thetwo sides. Significant concessions were granted to the U.S. on trade in automobiles: tariff reductions for Korean automobiles were delayed for five years, and U.S. autos were granted broader access to theKorean market. At the same time, the negotiators agreed to set aside disagreements over U.S. beef ex