[THE INVESTOR] CJ Group’s shopping network CJ O’Shopping will join hands with China’s Baozun to launch e-commerce solution business in China for South Korean brands, it announced on July 28. The two companies will invest a total of US$6.7 million and establish a joint venture named BCJ (Baozun-CJ E-commerce) next month, set to start operating in September. CJ will own 49 percent stake and its Chinese partner 51 percent stake.CJ O'Shopping president Heo Min-heoiBased on its local platform network

[THE INVESTOR] Entertainment units of South Korean conglomerates are wielding substantial power in the Vietnamese movie industry, dominating the theater and distribution with a two-third market share.CJ Group’s CGV owns 34 cinemas with 223 screens as of July 26, making it the top movie theater chain in the Southeast Asian country. Its revenue in the first half of this year jumped 35 percent to 50.4 billion won (US$44.44 million) with 7.8 billion won operating profit, a 44 percent increase on-yea

[THE INVESTOR] LG Household & Health Care more than met the expectations for its second-quarter earnings and will perform even better in the future, analysts said. Its April-June operating profit hiked 34.1 percent to 225.4 billion won (US$198.78 million) and earnings came in at 1.55 trillion won, rising 18.5 percent from the same period last year, according to Financial Supervisory Service’s data released on July 27.The Q2 figures are the highest ever for the company that also broke record for

[THE INVESTOR] Boosted by the leaping turnover of its higher-end cosmetics lines The History of Whoo and su:m 37 in Korea and overseas, LG Household and Health Care has reported a record high performance both for the second quarter and the first half of the year. Its second-quarter operating profit jumped 34.1 percent to 225.4 billion won (US$220 million) and revenue came in at 1.55 trillion won, rising 18.5 percent from the same period last year, the company announced on July 26. LG Household a

[THE INVESTOR] Cosmax, one of the country’s top three cosmetics original design manufacturers, will cater to its Muslim clientele with certified halal cosmetics.Cosmax Indonesia, its Indonesian subsidiary, has completed developing more than 50 beauty products that were certified by Majelis Ulama Indonesia, one of the three internationally recognized custodians of halal certification, in March, a first for a South Korean ODM. Cosmax IndonesiaThe halal cosmetics will be supplied to international

[THE INVESTOR] Several medium-sized Korean apparel makers are looking for new owners. Struggling with a sluggish market, some have been pushed over by global SPA companies into court receivership, and are now seeking to find right bidders to breathe new life into them.YK038 that owns womenswear lines HUM and Shatin has selected Samil PricewaterhouseCoopers to lead its sale and will accept letters of intent by Aug. 4. YK038's wear lines HUM / Naver ShoppingThe Seoul Central District Court is in t

[THE INVESTOR] Shake Shack’s burgers are selling like hotcakes at its first Korean outlet in southern Seoul which opened on July 22.In only three days since the much-hyped, the New York-based fast casual restaurant chain has sold more than 10,000 burgers, according to SPC Group, which operates the premium franchise here.On the opening day, more than 1,500 customers lined up to taste the premium burger touted to be made only of quality ingredients such as Angus beef and fresh vegetables. The open