CJ OliveNetworks on the 21st marked its 30th anniversary and expressed its ambition to leap into the domestic top five artificial intelligence transformation (AX) corporations by 2030. It also unveiled a vision as a "lifestyle innovation corporations that leads changes in space and everyday life."
Founded in 1995, CJ OliveNetworks provides lifestyle-based IT services for manufacturing, distribution, logistics, and media at CJ Group. At the time of its founding, the company had sales of 14 billion won, and as of last year it posted sales of 727.7 billion won, growing about 52 times. The number of employees also started with about 150 engineers at the time of establishment, grew to about 880 in 2015, and increased to 1,500 this year.
Its performance is also maintaining a solid trajectory. CJ OliveNetworks said, "For more than 20 years since 2001, we have remained in the black, and operating profit increased to 57.4 billion won as of last year."
CJ OliveNetworks plans to strengthen its IT expertise around CJ Group's four business sectors (food, bio, logistics and distribution, and entertainment and media) and to continuously improve its capabilities in artificial intelligence (AI), big data, and cloud.
In the smart manufacturing and logistics business, it is strengthening market leadership by securing more than 100 customers across all industries, including food, beverages, pharmaceuticals, bio, and beauty. It has won large projects in Korea, including premium liquor brand Hwayo, OB Beer, and the hy Nonsan new plant, as well as building HiteJinro's global production plants.
In broadcasting and media IT services, it has successfully carried out projects totaling 300 billion won over the past five years. Recently, it has supported not only the construction of virtual studios but also special transmission services requiring advanced technical expertise, such as domestic and overseas large-scale concerts, e-sports tournaments, and sports game broadcasts.
CJ OliveNetworks plans to raise the share of sales outside the CJ Group, which stood at 32% as of last year, to 43% by 2028 and diversify its business portfolio.
It will also expand its global business. CJ OliveNetworks, based on its experience operating subsidiaries in China and Vietnam, is pursuing expansion into global business areas such as the United States.
Chief Executive Yoo In-sang of CJ OliveNetworks said, "Marking its 30th anniversary, CJ OliveNetworks is shifting from settling for steady growth to a culture of challenge and innovation," adding, "Let us create a new journey to the future together, based on an organizational culture that does not fear failure and the courage of members who take on new things."