Samyang Corpotation

Samyang Corp. News

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  10th Annual Shareholder Meeting - Reported KRW 1.5248 trillion in revenue and KRW 50.2 billion in profit before tax in 2020 — Allocated KRW 1250 per common stock and KRW 1300 per preferred stock in dividends - Targeting KRW 1.6656 trillion in revenue, KRW 82.6 billion in profit before tax; to implement Vision 2025, ensure profitability, and focus on enhancing digital competences - The Board of Directors appointed Kang ho-sung as new CEO; Song Ja-ryang and Kang ho-sung to serve as co-CEOs   ▲ CEO Song Ja-ryang of Samyang Corporation chairs the 10th annual shareholder meeting on Mar. 25 in the auditorium on the first floor of the Samyang Group’s headquarters located in Jongno-gu, Seoul.   Samyang Corporation (CEOs: Song Ja-ryang and Kang ho-sung), a chemical and food affiliate of the Samyang Group, announced that the company held the 10th annual shareholder meeting on Mar. 25 in the auditorium on the first floor of the Samyang Group’s headquarters located in Yeonji-dong, Jongno-gu, Seoul. All of the following 4 agenda items were resolved as proposed: approving the 10th financial statement; partially amending articles of incorporation; appointing directors; and approving remuneration limits for directors.   In a sales report for 2020, revenue was reported as KRW 1.5248 trillion and profit before tax as KRW 50.2 billion. The cash dividend for KRW 1250 per common stock and KRW 1300 per preferred stock was resolved as per the approval of the 10th financial statement and consolidated financial statement.   In the appointment of directors, Vice Chairmen Kim Won and Kim Ryang of Samyang Corporation were re-appointed as inside directors while Kang ho-sung, the Head of the Samyang Chemical Group, was newly appointed.   CEO Song Ja-ryang said, “This year, Samyang Corporation will focus on developing specialty materials and solutions for Vision 2025 targeting KRW 1.6656 trillion in revenue and KRW 82.6 billion in profit before tax. We will strengthen the foundation for mid- and long-term growth by ensuring profitability by continuously reducing cost and reorganizing our portfolio with highly profitable products as well as increasing work efficiency by enhancing digital competences.”   Meanwhile, in a Board of Directors meeting following the shareholder meeting, Kang ho-sung, the Head of the Samyang Chemical Group, was newly appointed as CEO, thus Samyang Corporation will be led by Song Ja-ryang and Kang ho-sung as co-CEOs. Details

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  Samyang Corporation’s About Me Re-establishes Its Brand Identity as “Clean Beauty” - Renewal of a brand concept — producing products with mild ingredients, considering the impact on the environment during the consumption process  - Use of environment-friendly packaging materials and accessories to capture the green value in product packaging - In line with a consumer trend towards value consumption; expected to provide new clean beauty brand experience    ▲ Samyang Corporation’s About Me renews its product Kakadu C Serum as it renews its brand as “clean beauty.”   Samyang Corporation’s About Me renews its brand concept and initiates a new start in 9 years since its launch.   Samyang Corporation (CEO: Vice President Song Ja-ryang), a food and chemical affiliate of the Samyang Group, announced on March 12 that it has renewed its brand under the concept of “clean beauty.” Clean beauty which has originally began as “cosmetics made up of safe and mild ingredients for the skin” has recently expanded its meaning into “cosmetics considering the impact on the environment during the process of product production and consumption.”   About Me re-establishes its brand philosophy — “refine ingredients found in nature and deliver them to our body” — and launches products and packages capturing environment-friendly value. About Me also announced its new slogan, “Just the way I am,” along with the renewal of its brand concept. By emphasizing the meaning of “me” from the brand name, it delivers the importance of “finding my true self” while encapsulating About Me’s commitment to grow together with customers.   About Me launches a new line of products along with renewed products as it newly establishes its brand identity. The company will use worry-free ingredients for the skin in all products in order for customers to safely use the products. It has completed skin irritation test on all products, and is planning to not only remove the harmful ingredients but also seek to obtain vegan certification in an effort to realize the value of clean beauty.   About Me is planning to leap forward as a true clean beauty brand by realizing green value in packaging materials and product containers as well as cosmetic ingredients. Packaging materials for products to be launched in the future will not be bleached. Sugar cane paper and paper certified by the Forest Stewardship Council (FSC) will be used and the outer surface will be printed with soy ink to minimize the burden on the environment. Furthermore, About Me is planning to continue activities to realize eco-friendly value by using an easy-to-remove label for easier waste sorting and eco-friendly accessories considering sustainability.   An official from About Me said, “In line with a trend of value consumption among consumers, we have renewed our brand for the customers to pursue a beautiful life. We will provide experience with our new clean beauty brand by developing and launching products that care about people and the environment.”   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