Son Kyung-sik, CJ Chairman: "Time for CJ's Great Transformation to Advance Future Growth"

Emphasizing Achievement of Future Innovation Growth in New Year's Address
Urging Organizational Culture Innovation for Top Talent

Kyungho Son, Chairman of CJ Group

[Asia Economy Reporter Seungjin Lee] Sohn Kyung-shik, Chairman of CJ Group, emphasized change and innovation in his New Year's address.

In the 2022 CJ Group New Year's address delivered via internal broadcast on the 3rd, Chairman Sohn stated, "To overcome the rapidly changing business environment and move toward future growth, it is time to seriously recognize the harsh reality and initiate a major transformation at CJ."

He particularly emphasized that the group must achieve future innovative growth centered on the four future growth engines (Culture, Platform, Wellness, Sustainability).

He said, "Since each affiliate established a new vision and concretized new growth engines in last year's mid-term strategy, it is time to innovatively change the personnel system and culture so that top talents can fully demonstrate their abilities."

Reiterating the importance of the group mid-term vision directly announced by Chairman Lee Jae-hyun in November last year, he stressed that change and innovation into a global top-tier company where top talents want to work are urgently needed to achieve this.

To achieve CJ's future innovative growth, Chairman Sohn stated, "We will thoroughly execute investments and mergers and acquisitions (M&A) centered on innovative growth businesses selected based on the four future growth engines, and continuously discover and nurture new businesses that align with future trends and technologies."

He also mentioned the importance of talent acquisition and utilization.

Chairman Sohn said, "Revolutionary organizational culture innovation means breaking seniority-based systems, guaranteeing diverse opportunities and fair competition, and providing exceptional rewards for outstanding performance," adding, "Regardless of age or rank, anyone with capability and will can become a leader and freely take on challenges. We will continue to expand all measures such as in-house ventures, in-house independent companies, and spin-offs."

Additionally, from the perspective of securing the group's structural competitiveness, he announced active implementation of ▲accelerating digital transformation ▲bold R&D investment and acquisition of advanced technologies ▲strengthening open innovation through bold external collaboration.

Finally, Chairman Sohn encouraged employees by emphasizing the group's new direction and urging new challenges.

He emphasized, "CJ must leap forward as a future lifestyle company designing new lives for people worldwide," and added, "Making our daily lives always healthy and enjoyable, making the lives of people around the world interesting and beautiful, and sustaining the planet are CJ's new directions. Let us create a new future for people worldwide together with CJ talents."

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