Samyang Corpotation

Samyang Corp. News

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  Samyang Group: “The challenge for growth will not stop” - Posted a video of a New Year’s address on the company intranet and shared as a message from management and executives after the COVID-19 outbreak - Focusing on “specialty products, global market expansion, cash flow management, and workstyle transformation” - “Let’s open up a new century together by harmoniously implementing short-term goals and mid- to long-term challenges for growth”     ▲ Photo of 2022 Samyang Group’s New Year’s address     Chairman Yoon Kim of Samyang Holdings delivered a New Year’s address to the executives and employees of Samyang Group and said, “The crisis continues but the challenge for growth will not stop.”     Samyang Group announced on January 3 that they posted Chairman Yoon Kim’s New Year’s address on the company intranet instead of holding a New Year opening ceremony. Since the spread of COVID-19, Samyang Group has been circulating the management and executives’ messages as videos online.      In his New Year’s address video, Chairman Yoon Kim said, “We will prepare for the next century by accelerating the reorganization of our business portfolio focusing on the global market and specialty products,” and proposed ‘accelerating the expansion of specialty products and global market, strengthening of cash flow management, and changing the company’s workstyle’ as the three management policies for this year. It means spurring the mid- to long-term growth strategy “Vision 2025” established last year despite difficulties at home and abroad, such as rising raw material prices and sluggish economic recovery.     First, Chairman Kim said, “The core goal of ‘Vision 2025’ is profitable growth through securing specialty products and expanding the global market,” and emphasized the importance of expanding specialty products and global advancement saying, “We should improve the execution of localization strategies for each global base and continue to discover new business opportunities.” Chairman Kim added, “We must thoroughly manage both cash flow and profitability by optimizing working capital, managing selling prices, and maximizing investment efficiency,” and urged, “We should improve investment efficiency of projects that are in progress and carefully proceed with new investments by setting priority.” He also said, “In order to properly utilize the newly introduced digital infrastructure throughout the company, a major change is required in the way we work and our mindset. We will actively participate in digital transformation, innovate the way we work, and have an open mind to new technologies, such as the metaverse.”     Finally, Chairman Kim said, “The completion of change and innovation is achieved through all of our participation,” and urged all executives and employees to actively participate in change by saying, “Let’s open up a new century by fulfilling short-term goals and harmoniously implementing mid- to long-term challenges for growth.”     Meanwhile, this New Year’s address video ended with a clip of Samyang Group employees who were born in the year of the tiger and shared their regrets from last year and their new year’s resolutions. Samyang Group executives and employees pledged to communicate with an open mind, seek self-development, and make sincere efforts, citing “efforts for profitability enhancement, acquisition of semiconductor materials company NC Chem, and digital transformation” as major achievements of last year. Details

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  Samyang Corporation’s AM BU Website Wins Grand Prize in the Chemical Category of “Web Award Korea” - High evaluation of content excellence, UI design, and more in six categories by a panel of internet experts - AM BU opened a website dedicated to EP to overcome the limitations of face-to-face sales and discover global customers - Improved accessibility for customers by optimizing the search system and screen configuration, such as material characteristics and solutions ▲ Photo of Samyang Corporation’s AM BU website     Samyang Corporation won two awards at the Web Award Korea 2021. Samyang Corporation (President Kang Ho-sung), a food and chemical affiliate of Samyang Group, announced on December 30 that “AM BU website” and “specialty platform” won the grand prizes at Web Award Korea 2021 in the chemical and food material category, respectively.     Web Award Korea, hosted by the Korea Internet Professionals Association (Chairman Ko, Kyung-kon), selects and awards the most innovative and excellent website by evaluating six categories, including visual design, UI design and service of websites run in Korea, through a panel of 4,000 domestic internet experts. Celebrating its 18th anniversary this year, Web Award Korea was participated by 691 businesses in 13 categories and 74 fields.     In June, Samyang Corporation opened a website dedicated to engineering plastic (EP) to overcome the limitations of face-to-face sales and discover global prospects. This website is the only website among domestic chemical companies that provides a comparison of physical properties, and when clients set a category according to needs by materials, brands, properties and purposes for over 300 sorts of products by Samyang Corporation, they can check actual applications with the product descriptions. They can also compare the detailed physical properties of the materials applied to the case through the ‘Compare’ function. In particular, if they click on the image related to the industry, such as home appliances, automobiles, mobile devices and industrial materials, it shows recommended materials so that clients can easily find ones that match their needs.     The judges that examined the AM BU website said, “The elaborately configured digital showroom content made us feel like we’re at the actual showroom. The use of blue colors expressed the image of a chemical brand in a sophisticated way,” and gave high scores for content excellence and UI design.     An official from Samyang Corporation said, “We have improved the accessibility of our customers by optimizing the search system and screen configuration so that information about products, such as properties and solutions for each material, can be easily found. We will continue to strive to create values for our clients in times of non-face-to-face sales and discover potential customers.”     Samyang Corporation’s AM BU is supplying various compound products based on EP to domestic and foreign home appliances and automobile industries. A compound is a high value-added product that mixes two or more materials (resin, additive, reinforcing agent, etc.) to realize the physical properties demanded by customers.     Meanwhile, judges for the specialty platform of Samyang Corporation’s food business said, “We could quickly access product information according to the needs of each user based on materials, categories and concepts. Detailed contents on product utilization, such as sugar and dietary fiber calculation, are outstanding.” Samyang Corporation’s specialty platform also won the grand prize in food materials category with high scores in content excellence. Details

• About Samyang Corp.Samyang pursues the vision of producing ?쏧ngredients that Add Value to Life??and endeavors to create a new future and a new Samyang.
• Corporate Social Responsibility ActivitiesOver its long history, Samyang Group has conducted diverse corporate social responsibility activities such as helping our neighbors, protecting the environment, contributing to the development of communities...
• IR InformationThis is financial information on Samyang Corp.

chemical

• Engineering Plastics Engineering Plastics more Engineering plastics are used as sophisticated materials for automotive, electrical/electronic, and machine parts.
• Ion Exchange Resins Ion Exchange Resins Detail Samyang Corp. is the only domestic maker and seller of ion exchange resins.
• EMS EMS more EMS provides the sevrvice related to the development of materials for displays, semiconductors, and IT

foodstuff