Sunday, February 26, 2017

CJ Lee Jae-hyun President of Business imminent return ... March shuffled regular personnel



[Korea gimeunji financial newspaper reporter] is expected to return to front-line business in the first half of the year last year, Liberation Day amnesty of CJ Group Chairman Lee Jae-hyun. Even if the independent counsel investigation ends remaining variables, such as, but because the owner is desperate to return to the large global investment and M & A.

The president was scheduled to receive intensive treatment of genetic diseases and kidney transplantation adverse events in the US this winter. But a US visa delays and special counsel investigating the aftermath of the financial world, such as staying in Korea has been ready to return to management.

CJ is planning to pursue the management of return in earnest as the president somehow entered a special counsel investigation finishing phase. Itneundeda looking for a stable health of the president is because the owner needs to embark on a large direct investment and global business.

CJ makes a personnel and organizational restructuring, investment and management normalization, such as the employment rate starting from March to come.

After the amnesty of the President CJ it was troubled atmosphere due to the external environment, such as choesunsil gate. CJ is not unheard of for a normal shuffled personnel from 2013 to the investigation and trial of the President. Which was originally scheduled to greet the end of last year, was not acting in ending the external noise such as special counsel to the business community discussed the investigation expanded.

CJ this year has prepared several plans, including the return of the President to frontline management group internally. First, prepare the ammunition was more than double the 5 trillion won increase from the 1.9 trillion last year investment.

Last year, total sales of the CJ Group is about 31 trillion won, it surpassed 30 trillion won for the first time. Sales exceeded 30 trillion won this year, the CJ had to raise the sales target for Vision "Great CJ" that 2020 sales of 100 trillion won, the overseas sales target 70 percent to 40 trillion won.

The President, before 2012, CJ redemption has invested up to 2.9 trillion won in history. In 2013 the President of the redeemed 2.6 trillion won, 1.9 trillion won 2014, 2015, 1.7 trillion won in capex is a situation which had continued to decline.

Last year, CJ's actual abandonment of net all the bids and items such as McDonald's Korea Tong Yang Magic, and has received a brake on expansion. Insuga trillion won was giving up the argument of the Chinese plum amino group of companies that were expected. In this sizeable M & A decision will need repeatedly, but could not get past the drinking Kobe.

Since Independence Day Special Envoy of the President of the United States it has had close a bio-venture company Meta Ball Riggs assets acquired (11.2 billion), CJ Malaysian logistics company, Century Logistics acquisition of Korea Express (471 billion) CJ CJ. However, more than 100 billion won to date is a big deal, not the state.

CJ is shuffled personnel subsequent to year-end deferred from the last flare of management normalization next month. The personnel is expected to be made by the president before the return of the management of the maintenance organization for global business expansion with emphasis on CJ.

According to the CJ and out of the president is expected to personnel reorganization and the finished work or around April-May embark on a full-fledged business, such as visiting the sites.

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