CJ CheilJedang Capitalizes on K-Street Food to Explore New Global Markets
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CJ CheilJedang Capitalizes on K-Street Food to Explore New Global Markets
Plans to release tteokbokki as the front runner of ¡®K-street food¡¯ and use it strategically as a Country to Country (C2C) model

28(Wed), Jun, 2023




Japanese spectators crowd a Bibigo booth installed by CJ CheilJedang during KCON Japan 2023, which took place for three days from May 12 in Japan. (Photo: CJ CheilJedang)


CJ CheilJedang is ramping up its drive to disseminate Korean food culture by putting K-street food at the forefront.

CJ CheilJedang said on May 15 that it had selected six food items — tteokbokki, hot dogs, gimbap, gim mari, bungeo ppang, and hotteok - as strategic items of ¡°K-street food,¡± and will release new products in major countries in the Americas, Europe, and Asia. 

The company intends to nurture next-generation K-food and set it as a fresh impetus for expansion into uncharted territory.
Up first for CJ CheilJedang¡¯s K-street food will be tteokbokki, the leading example of K-street food. 

Starting in June, CJ CheilJedang will export tteokbokki to the company¡¯s target areas, such as the U.S., the UK, France, Japan, and Vietnam. 

They will be released as products stored at an ambient temperature in consideration of local consumers¡¯ preferences and convenience. 

Other new products, including hot dogs, gim mari, and frozen tteokbokki, will also be released as Bibigo products beginning in August.

An emblem for CJ CheilJedang¡¯s K-street food will be applied to these products. 

CJ CheilJedang created a cute character to remind viewers of Korean street food, such as tteokbokki and hot dogs, using the letter K of the word ¡°Korean¡± to communicate the concept of K-street food, a new product category of CJ CheilJedang brand Bibigo, to global consumers in a more friendly, approachable way. 

CJ CheilJedang plans to use the emblem in various marketing campaigns, including product packaging design for six K-street food products.

CJ CheilJedang will export products manufactured in Korea, produce products locally, and adopt a Country to Country (C2C) model. C2C mean producing products at global production sites and exporting to neighboring countries. 

Through this, it will respond to changes in local market trends, while introducing products customized for local consumers.

Early in the year, CJ CheilJedang confirmed K-street food¡¯s potential for success in Japan. 

Inspired by dokan gotko, meaning literally ¡°traveling to Korea,¡± CJ CheilJedang launched frozen gimbap, which is gaining popularity in Japan as a tasty, healthy, and convenient food option. 

Since its release, over 200,000 frozen gimbap packages have been sold for a month, earning favorable reactions among local customers.

Travel to Korea is a trending activity among Japanese Millennials and Gen Z, where they eat Korean food and watch Korean TV shows or movies.

Starting on May 19, CJ CheilJedang plans to open a K-street food pop-up store in Shibuya, the largest downtown in Tokyo, and reach out to local consumers. 

The pop-up store will be designed as a trendy reinterpretation of a Korean street food stall using Bibigo¡¯s symbolic green color and images of K-street food. 

The store will offer Bibigo tteokbokki, frozen gimbap, hot dogs, and Micho, and there will also be other attractions such as photo booths and event zones. The Tokyo pop-up store will open until June 17.

K-street food is expected to boost the sales of global strategic products (GSPs), while CJ seeks to achieve synergy with K-content.

The launch of K-street food is expected to accelerate the growth momentum of seven GSPs of CJ CheilJedang (mandu, processed rice, chicken, K-sauce, kimchi, seaweed, and rolls). 

CJ CheilJedang plans to encourage customers to buy a combination of food products by suggesting recipes for GSPs that go well with K-street food. 

In fact, mixing various K-food items and enjoying them together is trending among young consumers overseas, for example, having a combination of mandu and tteokbokki, which is increasing in popularity.

The company is also seeking to achieve synergy with K-content. They intend to promote K-street food through KCON, an annual global K-culture festival held in various parts of the world including the USA and Japan, to young local consumers keen on Korean culture. 

In fact, over 10,000 people visited the Bibigo booth to have gimbap, mandu, and chicken at KCON JAPAN, held for three days between May 12 and May 14, which ended up exhausting all food supplies prepared. 

CJ CheilJedang also had a Bibigo booth at KCON THAILAND, which was held in March for the first time in four years, and spread the appeal of Korean food to more than 3,000 locals who visited the booth. 

   
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