Business · Companies · 32 mins ago

CJ Logistics CEO calls for stronger profits alongside growth

CJ Logistics CEO calls for stronger profits alongside growth

CJ Logistics CEO Shin Young-soo called for better profits, not just bigger growth at the company's 96th anniversary ceremony in Seoul.

He said investments and changes made for future growth now need to produce practical results.

In South Korea, the company plans to strengthen its O-NE delivery brand and improve growth and profitability in logistics centres and transport.

Overseas, it aims to link its businesses and offer more complete logistics services to find new opportunities.

The company has expanded its global network, started operating a logistics centre in Elwood in the United States this year, and introduced AI humanoids at logistics sites.

It is also pursuing a share distribution equal to 5% of its total shares, while reviewing whether to use its remaining treasury shares for strategic investment or further returns to shareholders.

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What people are saying

Shin Young-sooCJ Logistics CEO
Now is the time to raise the quality of growth to the next level by improving the profit structure across our businesses, rather than settling for external growth.
via Yonhap
The investments and innovations we have pursued for future growth must now lead to tangible results.
via Yonhap