[THE INVESTOR] The head of CJ Corp. vowed on March 27 to make inroads into emerging markets to find new growth engines beyond Korea.
Lee Chae-wook made the comments at the annual shareholders meeting of the holding company of CJ Group in Seoul. Still, he did not provide details.
“We are looking at some emerging markets to see if we can make profits and find which are the most suitable for us,” a CJ official said.
She said Myanmar is one of those emerging markets. She asked not to be identified, citing policy.
CJ Group is Korea’s entertainment giant and its businesses also include food service, biotechnology, logistics and home shopping.
The Korean conglomerate runs operations in about 20 countries, including the United States, China, Vietnam, Russia, Japan and Turkey.
By Song Seung-hyun and newswires (
ssh@heraldcorp.com)