SEOUL: South Korean food giant Cheiljedang Corp. announced plans on Thursday to invest 800 billion won (US$571.3 million) to construct new production facilities in Europe and the United States. The initiative aims to bolster the company's overseas sales. According to Yonhap News Agency, the company revealed that it will establish a new plant near Budapest, Hungary, spanning an area of 115,000 square meters. This facility is expected to commence operations in the latter half of 2026 and will focus on producing CJ Cheiljedang's flagship bibigo dumplings for the European market. This strategic move is part of the company's broader efforts to expand its global footprint and tap into burgeoning international markets.