Shin Young-soo, CEO of CJ Logistics, emphasized the need to translate investments and innovations into profits as the company marks its 96th anniversary. His vision includes improving domestic profitability and expanding connections in international operations to enhance corporate value.
CJ Logistics held its 96th anniversary celebration on November 12 at its headquarters in Jongno-gu, Seoul. Over 200 executives and employees attended, while staff from across the country participated via live online streaming.
Shin stated, "It is time for the investments and innovations we have pursued for future growth to yield tangible results. We must not settle for mere growth in size but instead improve the profitability of our entire business to elevate the quality of our growth."
He outlined specific management directions for various sectors, saying, "In the domestic market, we need to strengthen our delivery market competitiveness centered around O-NE's market leadership, focusing on the growth and profitability of key businesses such as fulfillment and transportation. In the global market, we should expand inter-business connections and enhance our end-to-end service capabilities to secure new growth opportunities."
Shin urged employees not only to share management goals but also to take responsibility in their respective roles and focus on achieving results.
This year, CJ Logistics has expanded its logistics network in major countries, including the launch of operations at the Elwood logistics center in the United States. The company has also pursued technological applications, such as deploying AI humanoids in logistics operations. Additionally, it is securing new demand through its peer-to-peer delivery service, 'Bonaeone,' and traditional market delivery reception centers.
The company is also working on shareholder returns. CJ Logistics plans to distribute a stock dividend equivalent to 5% of its total issued shares to existing shareholders from its treasury stock. The remaining treasury shares will be considered for strategic investments and additional shareholder returns to enhance corporate value.
During the event, 375 long-serving employees received special leave and vacation benefits, and 27 organizations, including employees and partners, were recognized. A new 'Best Partner' award was established for outstanding partners in the safety sector.
Meanwhile, CJ Logistics is committed to continuously expanding its living logistics services. Plans include introducing delivery services for small business owners and utilizing Toss franchise locations as delivery points.
* This article has been translated by AI.
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