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[Alpha Biz=(Chicago) Reporter Paul Lee] On the 10th, CJ Group Chairman Lee Jae-hyun visited CJ Olive Young for his first on-site management in the new year to encourage management and meet with young employees while traveling around the front-line business department.
It was the first time in five years that Chairman Lee visited the site of an affiliate since he visited CJ Blossom Park, a food and bio research institute at CJ CheilJedang, in 2019.
Chairman Lee called for special social responsibility such as co-prosperity and ecosystem revitalization. "As a leading market operator, you are responsible for creating a healthy beauty ecosystem," Chairman Lee said. "A company that forces its partners to lose money can never succeed."
In addition, he also requested to maximize the super-gap capacity of the O2O business in the future and accelerate the global strategy.
As Chairman Lee's unit, CJ Olive Young announced its intention to invest 3,000 billion won over three years for co-prosperity with small and medium-sized partners.
First of all, a win-win fund of 1,000 billion won was set up to reduce the funding burden of partner companies. It is a way of providing interest to partner companies so that they can borrow funds by applying the reduction rate.
As a result, the reduction rate applied to partner companies is 2.39% point (p) per year. If you borrow the maximum amount of 1 billion won per company, you can save 2,400 million won in interest annually. It plans to provide benefits to 50 companies that applied for the first time this month and increase the number of target companies to 100 this year.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
