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Telecommunications & Media

CJ Group mulls joining JoongAng Ilbo bid in consortium with Dow Kiwoom

CJ Group may seek to acquire management control of JoongAng Ilbo in a consortium with Dow Kiwoom Group, according to the investment banking industry. CJ did not submit a letter of intent in the preliminary bid, but it is discussing a joint move ahead of the final bid due Oct. 19. JoongAng Ilbo is being sold under Hana Bank’s supervision, with limits on late bidders. The sale is via a third-party allotment capital increase.

Games & Commerce

CJ OliveNetworks unveils CJ ONE Global service for foreign visitors to South Korea

CJ OliveNetworks said on Oct. 15 it will roll out its CJ ONE Global service for foreign visitors to South Korea. Foreign customers can earn and use points and access coupons and other CJ ONE membership benefits at major partner brands in the country. The service allows sign-up through email verification without a South Korean mobile phone number or ID. The company said it applied OpenID Connect and OAuth 2.1 to ensure security.

Industry

CJ ONE adds over 124,000 new members in two months through Wonder Series promotion

CJ ONE, a lifestyle membership programme run by CJ OliveNetworks, secured about 124,000 new members over roughly two months through its Wonder Series promotion. The company said the event drew 1.1 million unique visitors over the same period. It added that Wonder Week campaigns with Tous Les Jours and Mega MGC Coffee in July and August logged more than 340,000 coupon downloads. In August, members who earned or used points at least once rose 63 percent from a year earlier.