CJ Group Chairman Sohn Kyung-shik.

CJ Group Chairman Sohn Kyung-shik delivered a New Year message at the Manpower Institute in Jung-gu, Seoul, on Jan. 2, in which he called for fresh growth in Korea and abroad, based on CJ’s unmatched capabilities.

Chairman Shon said, “Businesses, still coming closer to global no. 1 position, have to focus on securing unmatched capabilities and shake up the existing competition structure through structural reform and strengthening of fundamental changes.”

“This is a very important year for our group’s global ascent,” he said.

“This year, the global economy is expected to undergo slowing growth, and the domestic economy is predicted to have more difficult hardships than last year, but (we have to) aggressively expand businesses not only on the domestic but also on the global market despite a bumpy management environment,” he said.

Chairman Shon reaffirmed CJ’s determination to achieve the goal of rising to a global top position by 2030. “The ultimate goal is ‘World Best CJ’ that will evolve into a global No. 1 life and culture company, and CJ’s rivals are Nestle in the food sector, DHL in the logistics field and Disney in the entertainment sector,” Shon said.

He urged CJ executives and staffers to translate a crisis into an opportunity through endless evolution and innovation, and to be armed with a sense of determination to be reborn as world-class manpower.

CJ to Retain No. 1 Mandu Market Position with Five Production Centers in U.S.

CJ Group plans to redouble efforts to realize its vision “World Best CJ,” calling for making three businesses or more No. 1 in the world by 2030.

Amid expected slowing global economy around the world during 2019, CJ Group has a two-track strategy to expand global business turf in an aggressive fashion and to brace for a recession.

The group strives to implement projects to expand global businesses through the strengthening of unmatched capabilities in Korea and abroad while focusing on ramping up fundamentals and enhance profitability through normalizing of structural reform to brace for a recession or low growth. These strategies were materialized at the group’s global management strategy meeting, convened in Los Angeles last Dec. 13.

CJ Group Chairman Lee Jay-hyun told the meeting of major group executives and subsidiary CEOs CJ’s ultimate goal is rising to a global no. 1 lifestyle and culture company.

He urged them to be more desperate since the group’s future will hinge on global achievements in the next one or two years. The group made all-out efforts to secure competitiveness through the restructuring of major businesses before the two-track strategy is implemented in full force.

CJ Cheiljedang integrated the four businesses – bio, biological diversity, food and materials – into the bio and food businesses. CJ Cheiljedang made CJ Logistics its wholly owned subsidiary by additionally acquiring a 20.1 percent stake in the latter.

The group inaugurated CJ E&M, a merger of CJ O Shopping and CJ E&M, heralding the nation’s convergence, multi-disciplinary content commerce company.

A focus in the group’s restructuring of business portfolio to secure a global foundation and enhance competitiveness.

CJ Group headquarters in Ssanglim-dong, Jung-gu, Seoul. (Photos: CJ)