CJ CheilJedang reshapes portfolio to boost profitability

CJ CheilJedang is replacing its food-and-bio framework with a three-division structure — lifestyle food, technology materials and core ingredients — as it reallocates capital to higher-growth businesses.

The company said Wednesday the move sharpens strategic focus on higher-growth units while pruning weaker operations, part of a preemptive rebalancing to navigate a fast-changing business environment.

"The objective is to secure future growth opportunities by aligning each business with its core ...