Shin Young-soo CJ Logistics(000120) CEO said, "To achieve greater growth for the company, it is important to deliver results in global markets." The point was that to overcome the situation in which operating profit has decreased due to external variables such as the Middle East war, the company needs to find growth engines in global markets.
According to CJ Logistics on the 30th, CEO Shin said this as the company reviewed first-half business results and shared second-half strategies with employees through the 2026 second-half town hall meeting held on the 27th at CJ Logistics' headquarters in Jongno District, Seoul.
While positively evaluating that the company achieved top-line growth in the first half of this year, such as an increase in sales and parcel volume from a year earlier, CEO Shin said, "As operating profit has decreased due to external variables, the task is to connect top-line growth to profitability."
CJ Logistics' operating profit in the first half of this year was 193.7 billion won, down 3.5% from a year earlier. Sales came to 6.5945 trillion won, up 9.2% on-year. During the same period, net profit was 69.3 billion won, down 21.7%.
CEO Shin said, "We must go beyond expanding scale and improve the quality of growth," diagnosing that in Korea the company should strengthen market position and profitability by securing new volume and improving operational efficiency, and in global markets it should also expand business areas and the customer base.
To that end, the company said it will expand its network and customer base and continue strategic investments, focusing on strategic markets such as the United States and India. The company plans to strengthen logistics competitiveness and speed up new customer acquisition by linking its global forwarding business with local contract logistics capabilities.
It also plans to continue reorganizing its business portfolio to strengthen profitability. CJ Logistics has recently been working to improve the structure of its overseas businesses, including exiting the non-core shipping sector in Vietnam.
CEO Shin said, "To achieve a quantum jump (Quantum jump, a great leap), we must find new growth solutions in the larger global market," adding, "Let's turn the growth potential of our global business into tangible results while also securing overwhelming competitiveness and profitability in Korea to drive a new leap forward."
Meanwhile, the town hall meeting also included an awards ceremony for organizations and employees who contributed to generating business results and strengthening competitiveness. FT Division Operations Branch 16 won the grand prize, and the Global Division 2 India team won the excellence award.