Ho Chi Minh City – South Korea’s CJ Group is looking to expand into Vietnam’s burgeoning entertainment and leisure industry, having operated here for ten years in other business sectors. At a meeting between Group officials and HCMC authorities last week, CJ Group Chairman Jay Hyun Lee said the company plans to develop film studio and entertainment complexes in the city over the next few years. CJ Group has been working with HCM City Television (HTV) to explore the possibility of jointly building a film studio in Cu Chi District. It has also co-operated with a local production company to make the 100-episode Scent of Coriander. With reported revenues of US$9.2 billion last year, CJ Group is among Korea’s top ten companies. Its existing interests in Vietnam include two fertilizer factories in HCMC and Hanoi.
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