CJ Group said it is determined to make 2020 the "Year of the Transformation of Management Paradigm to Innovative Growth" in order to actively prepare for a long-term recession caused by uncertainties in the domestic and global economies.
In his New Year’s message on Jan. 2, CJ Group Chairman Sohn Kyung-shik stressed that the company should put priority on "innovative growth," which comes with stable profitability, rather than "quantitative growth," in a situation where the domestic and global economy continues to deteriorate.
Sohn asked executives and employees to secure profitability at the global top-tier corporate level to improve their financial structure and secure global competitiveness of their flagship businesses and large items.
CJ Group broadcast Sohn's New Year address to executives and employees around the world on an in-house broadcast on behalf of the annual ceremonial event. This year, he delivered his New Year's address in a more efficient and streamlined manner, signaling a shift in the practical-oriented management paradigm.
"The transition to innovative growth is a preparation for full-fledged global growth in the future," Sohn said. "Let's focus on strengthening our challenging spirit by strengthening R&D, developing new technologies and securing human resources related to core businesses at this time."
This year, CJ Group plans to raise corporate values based on the growth of innovative growth, secure and continue to strengthen the capabilities that will drive new leaps, and firmly establish CJ’s top culture focused on top talents, responsible management and achievement of goals."
Sohn encouraged his executives and employees to continue making the history of CJ Group’s persistent challenges by tiding over many challenges.
