CEO Message

Greetings to our stakeholders, 

I am Yoon, Sang Hyun, CEO of CJ ENM.

We extend our sincere appreciation for your unwavering interest and support that you have shown in the growth and evolution of CJ ENM.

CJ ENM has published our third ESG report, presenting our ESG management activities aimed at creating a more valuable world through captivating content and brand experiences. In 2023, we faced a year of deep contemplation and transformation. Each year brings escalating challenges that demand universal cooperation: climate change, poverty, hunger, and biodiversity loss. Moreover, we encountered formidable crises – global economic downturns, geopolitical conflicts, and uncertain business environments marked by high interest rates and inflation. In particular, amid rapid market changes, intense competition, and paradigm shifts in the entertainment and commerce industries, CJ ENM has been dedicated to securing sustainable business and structural foundations to continuously establish future growth through new challenges and evolution.

The Entertainment Division has achieved meaningful results based on high-quality content competitiveness and stable platform growth.

Popular entertainment contents such as and garnered new attention in the global market. Additionally, The 5th generation K-POP boy group ZEROBASEONE achieved double million-seller status for two consecutive years, expanding its fandom. <KCON>, World’s No. 1 K-Culture Festival that is expanding its reach around the world, and the <2023 MAMA AWARDS>, which attracted tens of thousands of people to the Tokyo Dome in Japan, once again proved that CJ ENM is at the center of the K-culture phenomenon. Our OTT platform, <TVING>, has also established its top-tier position under the vision of ‘NO.1 K-CONTENT PLATFORM’ through service enhancements for user convenience and the reinforcement of its wide content library.

The Commerce Division has accelerated our one-platform strategy, seamlessly integrating our channels, from mobile live to TV live, T-commerce, and E-commerce, establishing ourselves as a channel for impactful product launches.

In particular, mobile live commerce, which is the core of the ‘ONE Platform strategy’, was divided into the CJ ONSTYLE mobile app and a dedicated YouTube channel, laying the foundation for becoming the No. 1 mobile live commerce operator. It is also encouraging that CJ ONSTYLE’s own fashion brands, such as <THE AtG> and <CelebShop>, as well as <odense> and <Brooks Brothers> and of Brandworks Korea, our specialized brand business subsidiary, are growing steadily. Furthermore, CJ ENM recognizes the increasing emphasis on nonfinancial information and transparent communication with stakeholders, aligning with global standards that extend to legal and regulatory realms. We continuously strengthen our Environmental, Social, and Governance(ESG) management to foster sustainable growth and to fulfill our corporate social responsibilities.

In the environmental realm, we have established an indirect greenhouse gas emissions management system in the overall value chain and a greenhouse gas inventory for major subsidiaries to closely manage our business activities impact on the natural environment.

We will gradually reduce negative environmental impacts and reinforce eco-friendly management to achieve our long-term goal of becoming carbon neutral by 2050.

In the social realm, we have internalized ESG values in our content, products, and services to promote social awareness and spread Good Impact that leads to positive social change.

Through our efforts to spread a culture of coexistence and sharing, such as increasing ESG support for partners and expanding social contribution activities in the local community, we are taking the lead to create a sustainable and sound industrial ecosystem.

To establish an advanced and stable governance structure, CJ ENM has prioritized a robust compliance culture and risk management tailored to the characteristics of each business sector. We focused on managing potential risks and increasing internal stability by establishing practical response plans and implementing improvement activities.

We have responded to external demands for higher ESG management standards by enhancing internal capabilities and implementing an advanced ESG management system across key subsidiaries, thus reinforcing ESG governance at the company level.

In 2024, we are still facing an exceptionally challenging business environment both domestically and internationally. However, CJ ENM possesses the potential and capabilities to overcome these challenges and continue to evolve. CJ ENM is moving the world by overcoming barriers of age, generation, and language through endless initiatives and innovation, focusing on doing what only we can do and what we do best. This is the power of culture. And this power begins with our efforts to create a better world through captivating content and brands, reaching its peak when we work together with more people in the wider world.

Dear esteemed stakeholders,

We hope that you and all our stakeholders will continue to be on-board with our endless ESG journey, enabling CJ ENM to create a sustainable and more valuable world. Your sincere support and encouragement are greatly appreciated in this meaningful endeavor.

Thank you.

CEO of CJ ENM,

Yoon, Sang Hyun