Samyang SPECIALTY INGREDIENTS

Samyang Group (Chairman Kim Yoon) celebrated the 98th anniversary of its founding, reaffirming its will to rapidly advance into the future as a “global specialty solution company.”

Ahead of the founding anniversary of October 1st, Samyang Group posted a commemorative speech by Chairman Kim Yoon on the company's computer network on the 29th. Chairman Kim Yoon reaffirmed his will to achieve the mid- to long-term goal of “Vision 2025,” saying, “Although the difficult business environment continues, we must not stop making innovative changes and be ready to take on future challenges.” He emphasized, “We need to prepare for future growth by advancing as a global specialty solution company in the areas of health & wellness, eco-friendly business and high-tech industries.”

Recently, Samyang Group has been carrying out its main business under the keywords “specialty,” “eco-friendly” and “global.”

In the food business, Samyang is leading the functional ingredient market with its alternative sweetener Allulose. In the chemical business, Samyang is expanding its business portfolio into high-tech industries such as bioplastics applications and semiconductors and secondary battery materials.

In the packaging business, Samyang company is strengthening its green recycling business while solidifying its domestic market leader position in the field of aseptic (a technique for aseptically filling bottles) beverages. In the biopharmaceutical business, Samyang is seeking new opportunities in the global market by developing efficacious drugs through open innovation and establishing overseas bases, among others.

Chairman Kim Yoon also asked for a change in the way we work.

He emphasized the creation of results through work immersion, saying, “To achieve Vision 2025, let’s focus on high-value-added work and actively utilize the digital foundation to increase our work efficiency and effectiveness at the same time.” He went on to say, "As it is a difficult time, we should carefully manage cash flow and profitability while seeking to maximize both efficiency and performance in our investments."

Finally, he said, “To prepare for our upcoming centennial, it is crucial to shift the focus of our business portfolio to the future,” adding, “Let’s become one heart and one mind in joining forces to overcome difficult situations wisely and create a new history of growth.

Meanwhile, to mark its 98th anniversary, Samyang Group is preparing a plogging event to promote communication among employees and accentuate “health” and “eco-friendliness,” Samyang Group’s future growth themes. Plogging is a movement that picks up trash while jogging to promote health and preserve the environment. The plogging event is slated for October 20th.