CJ ENM Executive Buys More Shares — Family Tightens Grip on Group
Creatrip Team
4 months ago
Jung Jong-hwan, CEO of Content & Global Business at CJ ENM and son-in-law of CJ Group chairman Lee Jae-hyun, has quietly purchased company shares throughout this year, totaling about KRW 1.215 billion (~$900k). His latest on‑market buy of 5,000 shares raised his stake to 20,000 shares (0.09%). The purchases come as CJ’s heir-apparent family members increasingly take operating roles and build equity across affiliates, signaling preparation for a “post‑Lee Jae‑hyun” leadership era. Jung, a Columbia University alumnus with global M&A and distribution experience, oversees CJ ENM’s overseas production pipeline and content exports (K-content). CJ ENM’s stock has partially recovered this year and the company showed improving financials in Q3—revenue +10.8%, operating profit +11%, and net income turned positive—driven by stronger overseas distribution. An earlier U.S. studio acquisition (Fifth Season) is reducing losses, supporting hopes for breakeven or modest profit next year.
