CJ E&M expands into Vietnam, Thailand
Oct 17, 2016
[THE INVESTOR] CJ E&M announced on Oct. 17 that it has acquired Vietnamese contents creator and advertising agency Blue Group and has established a joint venture with Thai media enterprise True Visions. The entertainment and media arm of CJ Group is expanding overseas and has chosen the two Southeast Asian countries as strongpoints. Blue Group is a leader in the local market with 80 billion won (US$70.16 million) annual revenue, and this is the first time a foreign company has taken over a local