CJ Group
CJ Group is a South Korean multinational conglomerate and chaebol headquartered in Seoul, operating as a global lifestyle company with four core business pillars: food and food service, biotechnology, logistics and new distribution, and entertainment and media.[1]
Founded in 1953 as CheilJedang, Korea's first postwar sugar manufacturer and initially a subsidiary of the Samsung Group, the company underwent a spin-off in 1993 to achieve independent management, evolving from a food-focused entity into a diversified group emphasizing cultural and lifestyle innovations.[2][1]
Under Chairman Lee Jay-hyun, CJ Group has expanded internationally, notably advancing the global reach of K-food brands like Bibigo, pioneering biotechnology solutions inspired by nature, and driving the Korean Wave through subsidiaries such as CJ ENM in dramas, films, and music.[1][2]
The conglomerate's defining characteristics include its commitment to sustainable practices, such as bio-based technologies returning value to nature, and its role in logistics innovation, positioning it as a key player in South Korea's economic landscape beyond traditional manufacturing.[1]
History
Founding and Early Years (1953-1970)
CheilJedang Corporation, the foundational entity of CJ Group, was established in August 1953 as the first manufacturing subsidiary of the Samsung Group under founder Lee Byung-chul.[3] This venture marked Korea's inaugural domestic sugar production facility, addressing acute postwar shortages following the Korean War through refined sugar manufacturing in Busan.[4] The initiative aligned with national reconstruction efforts, leveraging imported raw materials to produce essential commodities amid limited industrial infrastructure.[1] In April 1958, CheilJedang expanded into flour milling, diversifying its portfolio to include wheat processing and bolstering food security in a rapidly industrializing economy.[3] By March 1962, the company achieved Korea's first sugar export, signaling early international competitiveness and integration into global trade networks.[4] This period of growth reflected Samsung's broader strategy of vertical integration in consumer goods, with CheilJedang focusing on staple foodstuffs to support domestic consumption and export-oriented policies under South Korea's economic development plans.[3] Further diversification occurred in December 1963 with entry into the seasoning industry, followed by the launch of the flagship Beksul brand in 1965, which encompassed soy sauce and related products.[4] In October 1968, CheilJedang merged with Mipung Industry, a seasoning producer, enhancing production capabilities and market share in processed foods.[3] These developments solidified its role as a key player in Korea's food sector, emphasizing quality control and innovation within the Samsung ecosystem through the late 1960s.[4]Integration with Samsung and Expansion (1971-1993)
In 1971, CheilJedang, as Samsung Group's primary food manufacturing arm, acquired Dongyang Jedang to bolster its capabilities in food processing and ingredients. This move exemplified the company's integration within the Samsung conglomerate, where it leveraged shared resources and centralized management under founder Lee Byung-chul to expand beyond sugar refining into diversified agribusiness and consumer products.[5] By the early 1970s, CheilJedang's operations were tightly aligned with Samsung's industrial strategy, contributing to the group's self-sufficiency in foodstuffs amid South Korea's rapid industrialization and import substitution policies.[6] Expansion accelerated in 1973 with entry into the animal feed sector through a new facility in Pusan, marking CheilJedang's shift toward upstream agriculture and livestock support industries critical to national food security.[5][4] In 1975, the company launched Dashida, an all-purpose seasoning derived from bonito and kelp extracts, which became a staple in Korean households and signified growing consumer product diversification.[4][5] This was followed in 1977 by AIMEE, a nucleotides-based seasoning enhancing umami flavors, further establishing CheilJedang's expertise in biochemical food additives.[4] The late 1970s and 1980s saw intensified product launches and sectoral entries under Samsung's umbrella. In 1978, CheilJedang established a dedicated research and development laboratory to innovate in food technology.[5] Cooking oil production began in 1979 under the Beksul brand, targeting edible oils from domestic and imported sources.[4][5] By 1980, the firm entered meat processing, integrating slaughtering, packaging, and distribution to supply Samsung's internal needs and external markets.[4][5] Pharmaceutical ventures emerged in the mid-1980s, with 1984 approvals for drug preparations, 1985 launches of aspartame and penicillin derivatives, and 1986 developments including alpha interferon and the Heppacine-B hepatitis B vaccine, reflecting Samsung's push into biotech leveraging CheilJedang's fermentation expertise from sugar and feed production.[5] Frozen foods debuted in 1987, expanding CheilJedang's portfolio into convenience items like ready-to-eat meals amid urbanization and rising female workforce participation in South Korea.[4] In 1990, a new pharmaceuticals plant in Daeso commenced 7-ACA (a key antibiotic intermediate) production, scaling up biotech output.[5] Throughout this era, CheilJedang's growth— from annual revenues exceeding basic commodities to multifaceted operations—remained embedded in Samsung's chaebol structure, with cross-subsidization and technology transfers enabling efficiencies until the 1993 spin-off declaration as a separate entity under Lee Kun-hee's succession-driven restructuring.[7][8]Spin-off, Independence, and Restructuring (1993-2002)
In July 1993, CheilJedang was spun off from the Samsung Group, establishing it as a separate legal entity with independent management rights.[4][8] This separation allowed CheilJedang to pivot from its traditional focus on food processing toward broader sectors emphasizing lifestyle and culture, including initial forays into food services and entertainment.[9] The formal constitution of the Cheil Jedang Group occurred in 1996, culminating in the complete severance of ties with Samsung in February 1997.[9][4] Post-independence, the group pursued aggressive diversification to reduce reliance on core food and biotechnology operations, entering industries such as film distribution in 1995 (forming the basis for CJ ENM's entertainment division), precooked rice production with Hetbahn's launch in 1996, and multiplex cinemas via CGV in 1996–1998.[4] Additional expansions included premium dining brands like VIPS in 1997 and TOUS les JOURS bakeries, alongside international feed production in Indonesia (1996) and the Philippines (1997), and domestic logistics with CJ GLS in 1998.[4] Restructuring efforts intensified through the late 1990s and early 2000s, emphasizing horizontal organizational culture—adopted in 2000 as the first among Korean conglomerates—and the establishment of specialized subsidiaries like CJ Foodville (2000) for food services and CJ Food System (now CJ Freshway) for distribution.[4] Retail innovations followed, including OliveYoung health and beauty stores in 1999 and premium CGV Gold Class theaters.[4] By 2002, these changes led to the group's reconstitution as CJ Group, formalizing a holding company structure that integrated media (CJ Media, now part of CJ ENM) and supported events like the inaugural CJ Nine Bridges Classic LPGA tournament.[4] This period solidified CJ's identity as a multifaceted entity, with revenues increasingly derived from non-traditional Samsung-era assets amid South Korea's post-Asian Financial Crisis recovery.[4]Diversification and Domestic Growth (2003-2015)
In the early 2000s, CJ Group accelerated diversification beyond its core food and logistics segments by venturing into biotechnology and entertainment, leveraging domestic synergies to fuel growth. CJ CheilJedang, the flagship food subsidiary, pursued biotech expansions including the launch of specialized products like Xylose sugar in 2011 and the development of eco-friendly feed additives such as L-Methionine, disclosed at the 2013 World Conference on Animal Production.[3] Concurrently, the group established a foothold in the performance and media sectors in 2003, culminating in the 2006 launch of tvN, a domestic cable channel focused on original Korean content.[4] Domestic infrastructure investments underscored logistics growth, with CJ completing the Daejeon Common Freight Terminal in 2004 and securing operating rights for key ports like Ulsan New Port and Gwangyang Port, enhancing supply chain efficiency within South Korea.[10] By 2007, the opening of the Susaek Logistics Center and selection as operator of the Dorasan Logistics Center near the DMZ further solidified CJ's role in national distribution networks.[10] In food processing, acquisitions of domestic firms like Haechandle in 2006 and Hasunjung Food bolstered market share in sauces and ready-to-eat products, while the 2010 completion of the world's largest sun-dried salt plant supported local ingredient production.[3] Entertainment diversification gained momentum with the 2009 introduction of 4DX, the world's first multisensory cinema technology, initially deployed in Korean theaters to differentiate CJ's CGV chain.[4] The 2011 establishment of CJ E&M integrated media operations, including the opening of CGV Cheongdam CineCity in Seoul, which expanded domestic exhibition capacity amid rising Korean film demand.[4] Logistics consolidation peaked in 2013 with the merger of CJ GLS and CJ Korea Express into CJ Logistics, creating a unified entity that operated mega hubs like the 2009 Okcheon facility—Korea's largest by cargo volume—and the 2010 Incheon Aam Center, optimizing inland and port-linked transport.[10][4] These efforts drove robust domestic revenue, with CJ CheilJedang's food and bio divisions emphasizing sustainable products like Hetbahn cooked rice, awarded Green Product of the Year in 2013, and the 2015 mass-production of Allulose sweetener for local consumer markets.[3] By 2015, CJ's integrated model—spanning biotech innovations, logistics hubs, and entertainment infrastructure—positioned it as a key player in South Korea's consumer ecosystem, with mergers and facility builds yielding operational efficiencies despite global forays.[3][10]Global Expansion and Recent Developments (2016-present)
Following the resumption of management by Chairman Lee Jay-hyun in 2017, CJ Group intensified its global expansion strategy across food, logistics, and entertainment segments, prioritizing localization through production facilities and content distribution networks.[11] In 2016, CJ CheilJedang established a U.S.-based research center to drive innovation in emerging technologies and support overseas market penetration.[12] By 2024, the group's food division achieved overseas sales comprising 49.2% of total revenue, totaling approximately 5.58 trillion South Korean won, reflecting sustained growth in K-food exports via the bibigo brand.[13][14] CJ CheilJedang advanced its manufacturing footprint with key investments, including the 2019 acquisition of U.S. frozen food producer Schwan's Company for $1.08 billion to bolster North American operations and localize Korean-style products.[15] In 2024, the company announced approximately 800 billion won in investments for new facilities: its first European plant near Budapest, Hungary, spanning 115,000 square meters for frozen foods, and a site in South Dakota, U.S., to meet rising demand.[16][17] Japan saw further localization in September 2025 with the opening of a fifth dumpling plant in Chiba Prefecture, enhancing bibigo mandu production for Asian markets.[18] These moves aligned with a 3.6% year-over-year increase in overseas food revenue to 5.5814 trillion won in 2024.[14] CJ Logistics expanded its global network from 35 locations in 17 countries in 2013 to 112 in 35 countries by 2023, with revenue tripling to 12.1 trillion won over the decade amid investments in automation and hubs.[19] By 2025, the network covered 46 countries, 288 cities, and 462 facilities, emphasizing one-stop solutions and technology transfer for top-10 global ranking ambitions.[20][21] In August 2025, CJ Logistics opened a new center in Illinois and committed $228 million for two additional U.S. sites to strengthen North American e-commerce logistics.[22] In entertainment, CJ ENM committed to global content dominance, investing over 1 trillion won annually since 2021, culminating in a record 1.15 trillion won planned for 2025 focused on K-dramas, films, and music for international platforms.[23][24] Key deals included expanded K-drama supply to Amazon Prime Video in May 2025 and pushes into European markets via localized distribution of series and films.[25] CJ OliveYoung's global e-commerce saw European sales surge 180% in the first half of 2025, driven by beauty and K-content synergies.[26] Recent strategic shifts in 2025 emphasized Europe as the next growth frontier after the U.S., with Chairman Lee visiting London in September to scout opportunities in food, logistics, and entertainment.[27][28] This included CJ ENM's targeted rollout of Korean variety shows and CJ CheilJedang's infrastructure builds to capitalize on rising demand for premium Asian products.[29] Leadership changes, such as new CEOs at CJ CheilJedang and CJ Foodville in October 2025, underscored operational agility for sustained international scaling.[30]Leadership and Governance
Key Figures and Family Involvement
CJ Group traces its origins to Samsung Group founder Lee Byung-chul (1910–1987), who established Cheil Jedang in 1953 as a sugar and flour manufacturer, forming the core of what became CJ.[9] The company's independence from Samsung in 1993 was led by Lee Maeng-hee (1931–2015), Lee Byung-chul's eldest son and honorary chairman of CJ Corporation, who oversaw the spin-off and initial restructuring into a separate chaebol focused on food processing and diversification.[31] Current leadership centers on the second generation of the Lee family from this lineage. Lee Jay-hyun, born in 1967 as the son of Lee Maeng-hee, serves as chairman of CJ Group since 2012, directing strategic expansions in food, logistics, and entertainment while managing the conglomerate's global operations.[32] His sister, Lee Mie-kyung (Miky Lee), born in 1958, holds the position of vice chairperson, with significant influence over the entertainment and media segments, including oversight of CJ ENM and investments in Hollywood productions such as the 2019 film Parasite.[33] [34] Family involvement extends to third-generation succession planning. In 2019, Lee Jay-hyun transferred shares valued at approximately 122 billion won (about $102 million USD at the time) in CJ's holding company to his son Lee Sun-ho, born around 1991, and his daughter, signaling preparation for leadership transition.[35] Lee Sun-ho, positioned as the heir apparent and great-grandson of Lee Byung-chul, was promoted to executive roles in CJ CheilJedang's food division by 2021, focusing on growth strategies amid the group's diversification.[36] [37] This gradual handover reflects CJ's emphasis on internal family continuity, contrasting with more abrupt transitions in other Korean chaebols, though external executives like Sohn Kyung-shik contribute as co-chairmen in specialized units such as logistics.[32]Corporate Structure and Decision-Making
CJ Group employs a holding company structure centered on CJ Corporation, which serves as the parent entity controlling majority stakes in subsidiaries spanning food and biotechnology (e.g., CJ CheilJedang), logistics (e.g., CJ Logistics), entertainment and media (e.g., CJ ENM), and other sectors.[1] This pyramidal ownership model, characteristic of South Korean chaebols, enables centralized oversight while allowing operational autonomy in affiliates.[38] Ownership is dominated by the founding Lee family, with Chairman Lee Jay-hyun maintaining influence through direct and indirect holdings in CJ Corporation, supplemented by cross-shareholdings among group entities that amplify control despite diluted direct stakes.[27] Decision-making authority resides primarily with the Board of Directors of CJ Corporation, which handles strategic matters such as business supervision, major investments, and executive appointments, while delegating day-to-day operations to CEOs of subsidiaries.[39] The Board, comprising 3 to 9 directors with a majority of outside directors for enhanced independence, convenes regular and ad-hoc meetings to approve resolutions requiring a quorum of over half the members and majority approval.[39] To facilitate efficient governance, the Board establishes committees, including an Audit Committee dominated by outside directors (at least two-thirds, with one possessing financial expertise), focusing on risk management, compliance, and internal audits.[39] Leadership integrates family oversight with professional management, exemplified by Chairman Lee Jay-hyun's role in high-level strategy and global expansion, alongside Co-Chairman and Co-CEO Sohn Kyung-shik, who has held executive positions since 1994 and emphasizes stakeholder-aligned growth.[38] [27] This dual structure reflects chaebol norms where family members retain veto-like influence on pivotal decisions, though formal charters mandate transparency, equal shareholder treatment, and prohibitions on insider trading to mitigate conflicts.[39] Succession planning, including share transfers to heirs like Lee Jay-hyun's children in 2019, underscores ongoing family-centric control amid efforts to professionalize boards. Subsidiaries mirror this at the affiliate level, with boards holding monthly meetings for agile responses, as seen in CJ Logistics' nine sessions in 2024.[40]Business Segments
Food, Biotechnology, and Services
CJ CheilJedang leads CJ Group's food operations, originating as Korea's inaugural sugar manufacturer in 1953 and evolving into a dominant force in the domestic food sector over seven decades.[41] The division produces diverse categories including home meal replacements (HMR) tailored for modern convenience, processed meats and fishery products emphasizing authentic flavors, seasonings and sauces leveraging over 50 years of fermentation expertise, as well as sweeteners, flours, oils, seaweed snacks, desserts, and beverages such as Gim Bugak, Basak Chip, and the plant-based ALTIVE line.[41] In 2023, food sales reached approximately 112,644 billion KRW, reflecting steady growth from 111,042 billion KRW in 2022.[41] Innovations prioritize premium HMR and sustainable options, while global initiatives promote Korean culinary culture through research-driven exports.[41] The biotechnology arm, CJ BIO, harnesses 60 years of microbial fermentation technology to deliver specialized ingredients, positioning the unit as a global frontrunner in green biotechnology.[42] It uniquely supplies all eight essential L-type amino acids via fermentation, marketed under brands like BestAmino, alongside green proteins such as Soytide and Nextide, enzymes including GrowinAct for animal nutrition, and taste-enhancing solutions like CJ Tide, TasteNrich, and AMINATURE.[42] Additional offerings encompass microbiome-focused products (e.g., GutLuk, BiomeNrich) and biodegradable biomaterials via PHACT (polyhydroxyalkanoate).[42] Production occurs across facilities in the United States, Brazil, Indonesia, Malaysia, and China, supporting leadership in animal nutrition, health, and nutrition sectors with an emphasis on sustainable strain improvement and enzyme technologies.[42] Food services within the segment are managed primarily by CJ Foodville, an integrated provider established in 2000 that operates restaurant chains, bakeries, and catering under concepts like Tous les Jours for fresh breads and cakes, fostering family-oriented dining experiences.[43] [1] Complementing this, CJ Freshway specializes in fresh food distribution solutions, supply chain logistics, and food service support, ensuring efficient procurement, safety, and delivery infrastructure for institutional and retail needs.[44] These services integrate with food manufacturing to extend Korean food culture globally, emphasizing innovation in convenience and quality control.[1]Logistics, Retail, and Infrastructure
CJ Logistics serves as the cornerstone of CJ Group's logistics operations, offering integrated services in transportation, warehousing, supply chain management, and e-commerce fulfillment across domestic and international markets. Originating from Chosun Rice Warehousing Co., Ltd. founded in 1930, the entity evolved into Korea Express Co., Ltd. in 1950 and expanded into international logistics in 1965, later merging with CJ GLS in April 2013 to form the current CJ Logistics.[10] Key historical milestones include stevedoring operations at Incheon Port starting in 1973, construction of a 100,000-ton grain silo in 1988, provision of logistics for the 1988 Seoul Olympics, and initiation of integrated parcel services in 1993.[10] By 2023, CJ Logistics had tripled its revenue over the prior decade to exceed 11.7 trillion KRW (approximately 8.9 billion USD), reflecting growth in global supply chain solutions and infrastructure development.[19] CJ Group's retail activities are primarily conducted through CJ Olive Young, a leading health and beauty retailer that dominates South Korea's market with a near-90% share in the sector. Operating as part of the logistics and new distribution portfolio, CJ Olive Young specializes in cosmetics, skincare, and wellness products, capitalizing on K-beauty trends and tourist demand. In 2023, it generated 3.86 trillion KRW in revenue, a 39% year-over-year increase, fueled by expanded store networks and online integration.[45] Projections for 2025 indicate surpassing 5 trillion KRW annually, supported by rising foreign shopper contributions exceeding 25% of offline sales in key locations.[46] Complementary retail elements include CJ OliveNetworks for digital distribution and CJ ENM Commerce for media-linked sales, enhancing omnichannel capabilities within the group's ecosystem.[47] Infrastructure efforts fall under the CJ Logistics Engineering & Construction (E&C) Division, which delivers solutions for logistics hubs, industrial facilities, and resorts to support operational efficiency and expansion. CJ E&C undertakes projects spanning offices, hotels, research centers, and specialized warehouses, emphasizing sustainable and high-value spatial development.[48] Notable initiatives include mega hub terminal constructions initiated in 2016 and the NEXUS Project for U.S. logistics centers, involving over 600 billion KRW in investments across sites in Chicago and other regions to bolster trans-Pacific supply chains.[49] [50] The division reported revenue of approximately 121 billion KRW in recent annual figures, though subject to fluctuations from project deferrals, as seen in a 19.9% decline in Q2 2025 due to timing shifts.[51][52]Entertainment, Media, and Content
CJ ENM, the primary subsidiary handling CJ Group's entertainment, media, and content activities, specializes in the production, distribution, and broadcasting of audiovisual content, including films, television dramas, music programs, and reality shows. Established as a key pillar of the group's diversification strategy, CJ ENM operates as South Korea's largest content provider, managing a portfolio that spans traditional media to digital platforms.[53][54] The division's roots date to 1993 with the founding of CJ Entertainment, which initially focused on film production and distribution. In 1995, CJ Group made its first major international foray by investing in DreamWorks SKG, supporting Hollywood film projects and laying groundwork for global content partnerships. By 2010, mergers of entities such as CJ Media, Mnet Media, On-Media, and CJ Internet formed O Media Holdings, which rebranded to CJ E&M in 2011 and evolved into CJ ENM, integrating music, film, and broadcasting operations under a unified structure.[4][55] In film and television, CJ ENM produces and distributes Korean movies and dramas through subsidiaries like Studio Dragon, which specializes in scripting and producing K-dramas exported worldwide. The company operates multiple broadcast channels covering genres such as dramas, entertainment, music, movies, and sports, with Mnet serving as a flagship for K-pop content and events like the MAMA Awards. CJ ENM Films & Television handles cinematic releases, contributing to South Korea's box office successes and international licensing deals.[54][56] Music and variety programming form another core area, with CJ ENM promoting K-pop through concerts like KCON and artist management via affiliated labels. The streaming service TVING, launched as a domestic OTT platform, aggregates CJ-produced content alongside licensed titles, competing in the growing digital market with over 10 million subscribers reported in recent years. Globally, CJ ENM has expanded via subsidiaries in the United States, China, Japan, and, as of July 2025, Saudi Arabia, facilitating content localization and distribution in the Middle East and North Africa region.[54][47][56] CJ ENM's content ecosystem also includes exhibition through CJ CGV, the world's fourth-largest cinema chain by screen count, which screens domestically produced films and enhances revenue from theatrical releases. This integrated model—from creation to consumption—has positioned CJ ENM as a leader in exporting Korean cultural content, generating significant revenue from IP adaptations across formats.[47][53]Acquisitions, Investments, and Partnerships
Major Deals and Strategic Moves
In December 2019, CJ CheilJedang acquired U.S. frozen food company Schwan's Company for $1.84 billion, marking one of the group's largest overseas expansions into the North American consumer food market and enhancing its capabilities in ready-to-eat products.[15] This deal integrated Schwan's production facilities and brands, such as Red Baron pizza, into CJ's portfolio, aiming to leverage synergies in supply chain and R&D for global frozen food innovation.[57] In November 2021, CJ CheilJedang acquired Dutch biotechnology firm Batavia Biosciences for approximately 195 million euros ($226 million), securing a 75.82% stake to bolster its biopharmaceutical contract development and manufacturing organization (CDMO) capabilities, particularly in plant-based expression systems for vaccines and therapeutics.[58] The transaction, completed by December 31, 2021, positioned CJ to diversify beyond traditional food into high-growth biotech sectors, with Batavia's technology complementing CJ's existing fermentation expertise.[59] CJ ENM, the group's entertainment arm, acquired an 80% controlling stake in Endeavor Content's scripted business for $775 million in a deal announced in November 2021 and closed on January 19, 2022, granting access to a portfolio of premium TV series and global distribution networks.[60] This acquisition, the largest in CJ ENM's history, facilitated co-productions and IP licensing, such as hits from Endeavor's library including Pachinko and Tokyo Vice, to bridge Korean content with Hollywood markets.[61] In June 2023, CJ Logistics committed up to $457 million in a joint venture with Korea Ocean Business Corporation to develop large-scale logistics centers in the United States, targeting key ports like Los Angeles and Savannah to capitalize on e-commerce growth and strengthen trans-Pacific supply chains.[62] This strategic investment aligned with CJ's push into advanced warehousing and cold-chain infrastructure, fostering job creation and U.S.-Korea trade ties.[63] In May 2024, CJ CheilJedang formed a strategic manufacturing partnership with Australian precision fermentation company New Culture to produce animal-free dairy proteins at commercial scale, utilizing CJ's bioprocessing facilities to support sustainable food alternatives amid rising demand for lab-grown casein.[64] This collaboration extended CJ's footprint in alternative proteins, building on its biotech investments without full ownership transfer. More recently, in early 2025, CJ CheilJedang aborted a $3.5 billion sale of its green bio business to MBK Partners, opting instead for internal development to retain control over amino acid and fermentation technologies.[65]Financial Performance and Economic Role
Revenue, Profits, and Key Metrics
CJ Group's consolidated revenue grew to 43.6 trillion South Korean won (KRW) in 2024, reflecting a year-over-year increase of approximately 5.3% from 41.4 trillion KRW in 2023.[66] This followed revenue of 40.9 trillion KRW in 2022, driven by expansions in core segments such as food and logistics.[66] The figure equates to roughly $31.7 billion USD at prevailing exchange rates.[67] Operating profit rose to 2.5 trillion KRW in 2024, recovering from 2.0 trillion KRW in 2023 and surpassing the 2.2 trillion KRW recorded in 2022, amid improved efficiencies across subsidiaries.[66] Net income attributable to shareholders stood at 80.99 billion KRW for the year, supporting a modest profit margin of 0.17%.[68][69] Key balance sheet metrics included total assets of 47.5 trillion KRW and total liabilities of 29.8 trillion KRW as of year-end 2024, yielding a return on assets (ROA) of 3.25%.[66][69]| Year | Revenue (trillion KRW) | Operating Profit (trillion KRW) |
|---|---|---|
| 2022 | 40.9 | 2.2 |
| 2023 | 41.4 | 2.0 |
| 2024 | 43.6 | 2.5 |