South Korean conglomerate CJ ENM has restructured its entertainment team as the company expands its plans for global expansion, with Chang-Gun Koo becoming CEO. Replacing Ho-sung Kang, who moves to become co-CEO at subsidiary CJ Group, Koo will oversee the group’s plans for global expansion and “accelerate future growth engines to lead a new paradigm in the entertainment industry,” the company said.
Koo first joined the group in 2010, then worked as an analyst at Samsung Securities before taking over as CEO of global food service and culture company CJ Foodville in 2017. He followed that post with his most recent role as CEO of Korea’s leading health and beauty store CJ Oliveyoung, which he has overseen since 2018.
His appointment comes amid an ongoing global push by CJ ENM, which last month signed former Fox Corporation executive Steve W. Chung to work across its expansion from his base in Los Angeles. The Seoul-based media giant has also been reshuffling its global operations: it sold Nordic distributor Eccho Rights this summer following three years of ownership and completed its $785 million deal to acquire a majority stake in Endeavor Content in 2021.