CJ Group jumps into Internet busineses

parent company, CJ Corp.

"It's more like the parent is going to support CJ Entertainment rather than help bring in profit. So we think the company may actually experience an increase in net debt," said Chung Hong-taik, a research assistant at Samsung Securities. "The online business is new to CJ and currently plays a minor part in their main operations, so it'll need some time before its plans bear fruit."

By Yoo Soh-jung .