Business · Companies · 2 hrs ago

CJ CheilJedang looks to Hetbahn for growth as profits fall

CJ CheilJedang looks to Hetbahn for growth as profits fall

South Korea's CJ CheilJedang is facing falling profits and a lower share price.

Its operating profit fell last year and declined again in the first half of this year.

The company is looking to Hetbahn, its instant rice brand, as a possible new source of growth.

The brand is marking its 30th anniversary and has built strength in the domestic market.

CJ CheilJedang is considering expanding its global business, including introducing Hetbahn to American consumers.

The aim is for overseas growth to help lift earnings, but no specific next steps are given.

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