CJ CheilJedang reported a net profit of 252.7 billion won ($193.8 million) in the second quarter, down 3.4 percent on year.
CJ companies will locally invest a total of 20 trillion won ($16 billion) by end of 2026, with a significant portion allocated to the entertainment and culture industry.
Naver and CJ Logistics plan to extend their partnership in deliveries, opening more fulfillment centers and offering faster service.
Some CJ Logistics workers continue to strike, holding rallies around Seoul, but the impact on the company's operations has been minimal.
An additional 10,000 workers are to be hired to handle the Lunar New Year delivery rush, which is arriving as CJ Logistics workers strike.
Despite the e-commerce boom, their income is dropping due to higher maintenance and labor costs and the need to meet the increasing demands of customers who want everything now.
Korea JoongAng Daily Sitemap
