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    A035760   KR7035760008

CJ ENM CO., LTD.

(A035760)
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Hong Kong Tourism Board and CJ ENM Join Forces to Hype up Tourism Interests with K-pop Culture

09/27/2021 | 03:30am EST

The Hong Kong Tourism Board (HKTB) signed a three-year deal with CJ ENM to promote Hong Kong as a travel destination through Korean drama and variety TV shows. The HKTB is the first tourism organisation to enter into a strategic partnership of this kind with CJ ENM. The partnership will encourage audiences to recall some of their favourite scenes from K-dramas and shows at authentic locations in Hong Kong and boost tourism when international travel resumes. Dr. YK Pang (right), Chairman of the Hong Kong Tourism Board witnessed the virtual signing of the MOU between Mr. Dane Cheng (left), Executive Director of the Hong Kong Tourism Board and Mr. Lee Sang Moo, Entertainment Division Executive Vice President for Ad Sales and Partnerships of CJ ENM. The HKTB and Seoul-based CJ ENM signed a Memorandum of Understanding (MOU) that will see Hong Kong featured in a variety of shows made by CJ ENM from 2022 until 2024, beaming the city’s unique lifestyle and culture into the living rooms of global audiences. CJ ENM’s highly popular original content is currently available across more than 200 countries, and has been viewed worldwide through partnerships with some of the world’s most popular streaming platforms. When travel restrictions are eased, Hong Kong scenes will be filmed as backdrops for a range of drama and variety programmes made by CJ ENM, which creates some of the region’s most popular and critically-acclaimed content, such as Crash Landing On You, Goblin: The Lonely and Great God,Hospital Playlist, Vincenzo,Youn's Kitchenand New Journey to the West. Under the strategic tie-up, the two partners will work closely to create synergy, including providing advice on locations and the aspects of Hong Kong culture to be featured in each programme which will place Hong Kong firmly on the travel wish list of legions of K-drama fans.


ę S&P Capital IQ 2021
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Financials
Sales 2021 3 573 B 3,03 B 3,03 B
Net income 2021 204 B 0,17 B 0,17 B
Net Debt 2021 565 B 0,48 B 0,48 B
P/E ratio 2021 14,3x
Yield 2021 1,21%
Capitalization 2 784 B 2 373 M 2 364 M
EV / Sales 2021 0,94x
EV / Sales 2022 0,88x
Nbr of Employees -
Free-Float 46,8%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 134 300,00 KRW
Average target price 216 650,00 KRW
Spread / Average Target 61,3%
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Managers and Directors
Min-Hoe Huh Co-Chief Executive Officer, Director & VP
Min-Ho Heo Co-Chief Executive Officer, Director & VP
Jae-Min Baek Managing Director & Head-Finance
Hee-Young Yang MD & Head-Information Technology Strategy
Hyeong-Jin Jeong Managing Director & Head-IP Operations
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