CJ Cheiljedang Q3 net income plunges 48.3% on higher costs

South Korean food giant CJ Cheiljedang reported a 48.3% year-on-year drop in Q3 net profit, driven by rising input costs and currency effects. The earnings miss signals margin pressure across the packaged-food sector in Korea, though the company's diversified portfolio may cushion the impact. Market reaction will depend on management's cost guidance and any pricing actions.

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