Samyang Corpotation

Samyang Corp. News

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  Samyang Group Held a Memorial Ceremony Marking the 10th Anniversary of the Passing of the Late Honorary Chairman Namryeong Kim Sang-hong - Held with family members on October 8 at his tomb, Yeoju which was pushed back from May due to COVID-19 - The late Honorary Chairman entered the company in 1947 and expanded business with sugar and chemical fiber into industrials, food, and chemicals - Advanced into biopharmaceuticals, and prepared the future growth of the Samyang Group by establishing Samyang Central Research Center  ▲ Kim Yoon, Chairman of Samyang Group is addressing about his father at the 10th Anniversary of the Passing of the Late Honorary Chairman Namryeong Kim Sang-hong   Samyang Group (Chairman Kim Yoon) held a memorial ceremony marking the 10th anniversary of the passing of the late Honorary Chairman Kim Sang-hong at his tomb, Yeoju, on October 8. His passing was in May, but the ceremony was pushed back due to the increased spread of COVID-19. The ceremony was held without crowds but mainly with family members in compliance with social distancing level 2.   The memorial ceremony started with a moment of silence, followed by his summarized life, a commemorative video, commemorative remarks, flower laying and incense lighting by participants, and final comments from family members.    In addition to the memorial ceremony, Samyang Group is holding a commemorative photography exhibition under the theme of Namryeong, Tree With Deep Roots until October 14 at the Headquarters in Jongno and Samyang Discovery Center located in Pangyo, Seongnam. The exhibition will move on to Samyang Central Research Center located in Daejeon from October 15 and then Ulsan Plant 1 of Samyang Corporation until October 23.   Samyang Group Chairman Kim Yoon said, “Marking the 10th anniversary of his passing, I look back on my father’s life and feel pride and responsibility. A true way of honoring him is to continue to pass down his will.”   The late Honorary Chairman Kim Sang-hong was the third son of the Samyang Group’s founder Sudang Kim Yeon-sul. He entered the company in 1947 and led the company until May 2010 when he passed away at the age of 87. Honorary Chairman Kim was respected by the business community and society as he followed the previous generation’s teachings of moderation, stayed away from greed and extremes, and always kept his character and attitude humble and straight.   Honorary Chairman Kim contributed to solving hunger problems and economic development in the 1950s and 1960s by doing business in sugar and polyester fiber. He expanded his business into food and chemical materials including starch sugar, chemical fiber material TPA, and engineering plastic polycarbonate, and made Samyang what it is today. During his chairmanship, he advanced into the biopharmaceutical business and expanded the previous Samyang Comprehensive Research Center in a 19,000-pyeong area (about 62,820 m2) as wide as 9 soccer fields and established Samyang Central Research Center to prepare the future growth engine.   Honorary Chairman Kim also contributed to the business community by serving the chairman of the Korea Sugar Association, the vice chairman of the Korea Enterprises Federation, and the vice chairman of the Federation of Korean Industries. After he stepped down, he served as the chairman of the Yangyoung Foundation, Sudang Foundation, and Haseo Academic Foundation and committed to nurturing talented people and advancing academic achievements. The Korean government and society honored his contributions with the Gold Tower Order of Industrial Service Merit, the Korean CEO Award, and the New Ilhan Award.   Honorary Chairman Kim was survived by 2 sons and 2 daughters including the first son Chairman Kim Yoon at the Samyang Group and the second son Vice Chairman Kim Ryang at Samyang Corporation. The Samyang Group, which celebrated its 96th anniversary on October 1, is preparing a new 100 years by continuing the previous management’s business philosophy, setting the vision ‘Ingredients that add value to life,’ and focusing on food and chemical specialty materials, packaging, and biopharmaceuticals.   Details

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  Samyang Group Sudang Foundation Held the 29th Sudang Awards - △ Professor Kim Dong-ho at Yonsei University for Basic Sciences, △ Professor Choi Hae-cheon at Seoul National University for Applied Sciences, and △ Endowed Chair Professor Lee Han-goo at Kyung Hee University for Humanities… Each awarded KRW 100 million and a plaque - Started out as the Sudang Science Awards in 1973 and continued the founder’s belief in nurturing talented individuals… Expanded into three categories since 2008 - 2 winners each in 3 categories to be selected for KRW 200 million in prize money and a plaque starting next year   ▲ The Sudang Foundation held the 29th Sudang Awards on September 9 in The Westin Chosun Seoul. From left to right: Chairman Kim Yoon at Samyang Holdings, Professor Kim Dong-ho at Yonsei University Department of Chemical and Biomolecular Engineering, Professor Choi Hae-cheon at Seoul National University Department of Mechanical Engineering, and Endowed Chair Professor Lee Han-goo at Kyung Hee University Global Academy for Future Civilizations, and Chair Jin Jeong-il of the Sudang Awards Steering Committees   Sudang Foundation (Chairman: Kim Sang-ha of Samyang Group) held the 29th Sudang Awards on September 9 in The Westin Chosun Seoul.   This year’s Sudang Awards went to Professor Kim Dong-ho (63)—at Yonsei University Chemical and Biomolecular Engineering—for Basic Sciences, Professor Choi Hae-cheon (58)—at Seoul National University Mechanical Engineering—for Applied Sciences, and Endowed Chair Professor Lee Han-goo (75)—at Kyung Hee University Global Academy for Future Civilizations—for Humanities. Each received KRW 100 million and a plaque in the ceremony.   Sudang Awards were created to continue the belief of the Samyang Group’s founder Sudang Kim Yeon-su in nurturing talented individuals. The Awards started out as the Sudang Science Awards in 1973 and had been hosted by the Kyungbang HR Fostering Association up to the 14th event. Since then, Sudang Foundation expanded the Awards into natural sciences and humanities in 2006 and held the renamed 15th Sudang Awards. From 2008, they have expanded into three categories: Basic Sciences, Applied Sciences, and Humanities. Samyang Group has been sponsoring the Sudang Awards since its establishment.   The awarding ceremony started with Samyang Holdings Chairman Kim Yoon reading greetings on behalf of Sudang Foundation Chairman Kim Sang-ha. It was followed by a progress report by Director Jin Jeong-il of the Sudang Awards Steering Committee, an introductory video, award acceptance speeches, and photo opportunities. To prevent the spread of COVID-19, only the minimum number of people attended the ceremony, including the winners in award categories.   Meanwhile, the way in which the Sudang Awards are awarded will change starting from next year. Up until now, 1 winner each has been selected and received KRW 100 million and a plaque in the three categories espectively: Basic Sciences, Applied Sciences, and Humanities. However, starting from next year, 2 winners will be selected from the 3 categories and will receive KRW 200 million and a plaque. Koreans who has achieved great research outcomes are eligible for the Sudang Awards. More information about candidate recommendations can be found in the Sudang Foundation’s website.   Based on its corporate philosophy for social responsibility ‘Provide an opportunity to make dreams come true,’ Samyang Group is providing scholarship programs and support academics in basic sciences and humanities through the Yang Young Foundation and the Sudang Foundation. The two Foundations have funded scholarships and grants for over 23,000 students, 760 professors, and other research groups. In particular, the Yang Young Association, a predecessor to the Yang Young Foundation is recognized for being Korea’s first corporate social responsibility activity.   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