Chairman Son Kyung-sik: "Let's Shift the Management Paradigm with Innovation Growth Accompanied by Profit"

New Year's Address: "Enhancing Corporate Value through Profit Maximization... Preparing for Prolonged Recession"
"Strengthening R&D, Developing New Technologies, and Securing Talent to Reinforce Unmatched Capabilities"

[Asia Economy Reporter Lee Seon-ae] CJ Group has declared its determination to designate 2020 as the "Year of Management Paradigm Shift to Innovative Growth" in order to actively prepare for the possibility of a prolonged recession due to uncertainties in the domestic and global economy.

In his New Year's address broadcast internally on the 2nd, CJ Group Chairman Sohn Kyung-shik emphasized, "In the current crisis where domestic and global economic downturns continue, we should prioritize 'innovative growth' accompanied by stable profitability over 'quantitative growth.'"

Chairman Sohn urged employees to make this year one in which they secure profitability at the level of global top-tier companies, improve the financial structure, and establish global competitiveness in core businesses and major product lines.

Instead of the usual New Year's ceremony, CJ Group simultaneously broadcast Chairman Sohn's New Year's address to employees working worldwide via internal broadcasting. By delivering the New Year's message in a more efficient and streamlined manner this year, the company symbolically signaled a shift toward a practical management paradigm.

Chairman Sohn stated, "The shift to innovative growth is a preparatory process for full-scale global growth in the future," and stressed, "During this period, let us focus on strengthening R&D related to core businesses, developing new technologies, and securing talent to enhance challenging super-gap capabilities."

This year, CJ Group plans to ▲ enhance corporate value based on innovative growth, ▲ secure and continuously strengthen super-gap capabilities that will serve as the driving force for a new leap forward, and ▲ firmly establish CJ's top-tier culture centered on 'top talent,' 'responsible management,' and 'goal achievement.'

Chairman Sohn encouraged employees, saying, "There will be painful and difficult moments in the process of improving our organizational constitution, but let us keep evolving and challenging ourselves while looking toward the future and steadily moving forward." He added, "From evolving in material businesses such as sugar and flour to ventures like Dasida, Hetbahn, entertainment, and logistics, let us continue CJ Group's persistent history of challenges even amid the current crisis."

This content was produced with the assistance of AI translation services.