History
CJ 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 enterance into 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 offical 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 consists of four main core businesses: Food & Food Service, Bio Pharma, Entertainment Media, and Home Shopping & Logistics.
Lee Jay-hyun has been chairman of CJ Group since March 2002. His older sister Lee Mi-kyoung is the vice chairman of the company.
They also sponsor the Starcraft Pro-gaming team, CJ Entus.
Starting from May 2007, CJ announced that they will be hiring more women in the company. They also announced that there will be doubling their allowance time for women who need to leave due to pregnancy (Maternity Leave). Korean law requires women be allowed up to 90 days of maternity leave. However, CJ has extended this time to one year.
Read more about this topic: CJ Group
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