On the occasion of its 96th anniversary, CEO Shin Young-soo of CJ Logistics announced a management policy focused on profitability and enhancing corporate valuation rather than mere scale growth. The company plans to translate the results of global business expansion and logistics automation investments into tangible profits while also strengthening shareholder returns.
CJ Logistics announced on the 15th that it held its 96th anniversary commemorative event at its headquarters in Jongno-gu, Seoul, on the 12th. The event was attended by CEO Shin and other key executives, along with approximately 200 employees.
In his commemorative speech, CEO Shin stated, "It is time for the investments and innovations we have pursued for future growth to yield tangible results," emphasizing, "Now is the time to stop resting on scale growth alone, improve the profit structure across all businesses, and elevate the quality of our growth to a new level."
To this end, domestically, the company plans to strengthen market competitiveness centered on its delivery brand 'O-NE' and focus on improving the profitability of key businesses such as fulfillment and transportation. In global markets, it aims to secure new growth opportunities by expanding synergies between businesses and strengthening End-to-End (E2E) service capabilities that cover the entire transportation process.
CJ Logistics has expanded its global logistics network this year, including the commencement of operations at its Elwood logistics center in the United States. It is also accelerating the application of advanced logistics technologies, such as deploying AI-powered humanoid robots on the logistics floor. The company is also venturing into new market development through initiatives like the peer-to-peer delivery service 'Bonaene' and the introduction of delivery reception centers at traditional markets.
The company is also advancing its shareholder return policy. CJ Logistics is promoting a stock dividend that directly distributes shares equivalent to 5% of total issued shares from its treasury stock to existing shareholders. It plans to consider utilizing the remaining treasury shares for strategic investments and additional shareholder returns.
At the event, awards were presented to 375 long-serving employees and 27 organizations, including employees and partners who achieved outstanding performance.
CJ Logistics, which began in 1930 as Chosun Rice Warehouse, is strengthening its business competitiveness with the goal of entering the top 10 global logistics companies by 2030.
in INDUSTRY
