CJ Chairman Lee Jaehyun Joins Korea-US Summit Economic Delegation... Discusses K-Culture and K-Food

Lee Jaehyun, chairman of CJ Group, accompanied the Korea-US summit in Washington DC as part of the economic delegation. Since opening its Los Angeles office in 1978, CJ has invested approximately 8 trillion won in the United States, expanding into seven business sectors and establishing the country as a key global hub.

According to CJ Group on August 26, Chairman Lee attended the Korea-US Business Roundtable on the 25th (local time), where government officials and business leaders from both countries gathered. At the subsequent Korea-US Business Roundtable reception, Chairman Lee had a conversation with Jensen Huang, CEO of Nvidia, and also met with Charles Rivkin, CEO of the Motion Picture Association (MPA), among others.

This marks the second time Chairman Lee has joined the president's overseas trip as part of the economic delegation, following his participation in 2023. Amid the recent global spread of K-culture, Chairman Lee reportedly engaged in natural conversations with American business leaders on topics such as K-pop and K-food.

Lee Jaehyun, chairman of CJ Group, is attending the Korea-US Business Roundtable held at the Willard Hotel in Washington DC, USA, on the 25th (local time). Photo by Yonhap News

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CJ Group currently operates seven businesses in the United States, including food, bio, CJ Logistics, Foodville, ENM, CGV, and Freshway, employing approximately 12,000 local staff members.

At present, the company is making an additional investment of 832 million dollars (about 1.15 trillion won) in the United States. In the food sector, Schwan's, a frozen food subsidiary of CJ CheilJedang, is building a factory in South Dakota, scheduled for completion in 2027, with an investment of 550 million dollars.

In logistics, CJ Logistics is collaborating with Korea Ocean Business Corporation to establish an ambient warehouse in Illinois and is investing 228 million dollars to build logistics centers in Chicago and New York. CJ Foodville plans to invest 7 million dollars to construct a 90,000-square-meter bread production plant in Georgia within this year and to increase the number of Tous Les Jours stores. CJ Olive Young also plans to open an offline store in the United States next year.

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