CJ CheilJedang expands Bibigo seaweed: Shinhan targets CJ CheilJedang stock at KRW 260,000
Published on 10/20/2026 at 00:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSeaweed growth and analyst valuation
- CJ CheilJedang launched two canned seaweed products on October 19, 2026, after Bibigo gim bugak sales neared 500,000 bags.
- Second-quarter revenue rose 1.70 percent year over year to KRW 7.36 trillion, while operating profit reached KRW 258.0 billion.
- Shinhan Investment Securities kept its Buy rating and KRW 260,000 target on October 15, 2026.
CJ CheilJedang expanded its Bibigo seaweed lineup on October 19, 2026, while Shinhan Investment Securities kept a KRW 260,000 target for CJ CheilJedang stock. The launch followed nearly 500,000 bags sold for the company's Bibigo gim bugak products by the end of September, according to CJ CheilJedang.
Two products extend Bibigo growth
The company introduced Bibigo Chosari gopchang gim and Bibigo Imjado gopchang gim in sealed cans. The products target convenience and premium positioning, with sales starting through CJ The Market, Coupang and Naver Brand Store before planned expansion into large retailers and convenience stores.
The product push builds on a measurable sales trend. Bibigo gim bugak sales in September were 1.60 times July sales, the first month after launch, and global specialty stores generated nearly 70 percent of sales, according to the October 19 release from CJ CheilJedang.
What does the launch add?
The new snacks provide a growth angle while the latest reported quarter shows pressure elsewhere. CJ CheilJedang reported second-quarter 2026 revenue of KRW 7.36 trillion, up 1.70 percent year over year, and operating profit of KRW 258.0 billion, according to ATS View.
Shinhan's October 15, 2026 report kept its Buy rating and KRW 260,000 target. The analyst projected third-quarter revenue of KRW 7.3194 trillion and operating profit of KRW 308.8 billion, with both figures below the cited consensus by 1.60 percent and 10.90 percent year over year, respectively, according to EDAILY.
Three dated signals for the stock
On June 30, 2026, second-quarter revenue was KRW 7.36 trillion and operating profit was KRW 258.0 billion. On October 15, 2026, Shinhan maintained its KRW 260,000 target. On October 19, 2026, CJ CheilJedang launched two canned seaweed products after gim bugak sales neared 500,000 bags.
Upcoming commercial milestones
The company's CJ The Market promotion began on October 19, 2026, and the Coupang new-product promotion runs through November 15, 2026, according to the company release. A starch and sugar division sale is scheduled to reach the main-bid stage on October 21, 2026, according to MK.
Latest Korean market reference
CJ CheilJedang stock was last quoted at KRW 186,300 on the Korea Exchange on October 19, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 2.7 trillion and its 52-week range was KRW 172,600 to KRW 252,000 as of that quote.
CJ CheilJedang stock facts
- Company: CJ CheilJedang Corporation
- ISIN: KR7097950000
- Ticker: 097950
- Primary exchange: Korea Exchange
- Market capitalization: KRW 2.7 trillion (as of October 19, 2026)
- 52-week range: KRW 172,600.00-KRW 252,000.00 (as of October 19, 2026)
- Sector / Industry: Consumer Defensive / Packaged Foods
- Index membership: KOSPI
Market context: Market report KOSPI.
