CJ Corporation (KOSE:A001040) plans to sell its health and beauty drugstore Olive Young, sources directly involved with the issue told The Korea Times, January 29, 2020. 'CJ Group is talking with investors about unloading Olive Young in an effort to streamline the group's business portfolio. Regarding the possible unloading of Olive Young, CJ Group said it has no plans to sell it. 'It is a groundless rumor,' a CJ Group official said. 'I know why they are saying we are going to sell Olive Young. It is because we merged it with CJ Systems to put it under the IT sector and separated it again earlier this year But it is still a growing business and an unrivaled firm in the industry, which give us no reason to sell it,' a CJ Group official said.