Samyang Corpotation

Samyang Corp. News

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  Samyang Corporation Obtains Kosher and Halal Certification for its Allulose - Samyang Corporation’s allulose obtains “OU Kosher”… laying a steppingstone for entering the global kosher food market - Kosher food is synonymous to “clean and safe food” due to its particular certification process - Obtained “KMF Halal” last February… preemptively seeking various certifications for global expansion   ▲ Photograph of Samyang Corporation’s allulose product - Samyang Corporation’s allulose is preemptively obtaining various global certifications and authorizations.   Samyang Corporation is focusing on obtaining global certifications to expand its allulose product abroad. Allulose is referred to as the next-gen alternative sweetener as it produces a sweet taste comparable to sugar with common figs and grapes while maintaining a calorie count of almost “zero.”   Samyang Corporation (CEO & Vice President Song Ja-ryang), a food and chemical affiliate of Samyang Group, announced on July 23 that “Q.one TRUSWEET Allulose” had obtained the OU Kosher Certification. Kosher certification is only rewarded to food made solely in compliance with Jewish laws, which emphasizes strictness on food sanitation. Not just the final product but also the raw materials and manufacturing process should meet kosher requirements in order to obtain this certification. Due to this rigorous certification process, kosher food is often regarded as “clean and safe.” Furthermore, it can also stand in for halal food, which is a food certification used in the Islamic religion. Samyang Corporation’s allulose has obtained its certification from Orthodox Union (OU), the world’s largest kosher agency, thus improving its reliability. Only 1 million products from 80 countries including global food giants such as Coca-Cola and Nestlé have obtained an OU Kosher certification. Global food market estimates that the kosher market is worth more than USD 250 billion. While the Jewish population, who are a major consumer of kosher foods, is just 13 million, the demand for kosher food is quite high across countries where Christian culture is prevalent. In fact, more than half of the 12 million kosher food consumers in the US are not Jewish. Furthermore, Muslims who account for 24.9% of the global population are also a major customer base of kosher foods.  Samyang Corporation’s allulose also obtained the Korea Muslim Federation (KMF) Halal certification in February of this year. Halal is a certification granted to food produced and processed under Islamic law and is essential in order to target countries with Islamic culture in areas such as the Middle East and Southeast Asia. KMF Halal has cross-certification with JAKIM in Malaysia, one of the three largest halal certification agencies, and therefore has the same effect. An official from Samyang Corporation stated,” Samyang Corporation’s allulose has preemptively obtained various global certifications and authorizations from the International Organization for Standardization (ISO) and Food Safety System Certification (FSSC) in addition to FDA GRAS, kosher, and halal. It is available beyond Korea across the US, Japan, Mexico, Chile, Columbia, Peru, Singapore, Indonesia, and Hong Kong. We are preemptively seeking various certifications to expand the number of applicable countries.”  FDA Generally Recognized as Safe (GRAS) is a list of safe food products recognized by the US FDA. Samyang Corporation’s allulose is the first GRAS-listed allulose produced by enzymes found in microbes separated from food. Details

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  Samyang Group Chairman Yoon Kim Joined ‘Thanks to You Challenge’ - Chairman Kim and employees of the Samyang Group joined the ‘Thanks to You Challenge’ campaign through its official social media channels - Campaign designated by GS Caltex President Huh Se-hong… Chairman Kim nominated Korea University President Chung Jin-taek as the next participant - Extended respect and gratitude to medical professionals and citizens in Korea… in the hope that everyone is back to healthy and normal lives as soon as possible   ▲Samyang Group joined ‘Thanks to You Challenge’ and extended respect and gratitude to medical professionals and citizens in Korea.     Samyang Group (Chairman Yoon Kim) announced on July 16 that they joined the ‘Thanks to You Challenge’, which encourage all the people overcoming COVID-19.   Thanks to You Challenge is a public campaign started by Central Disaster and Safety Countermeasures Headquarters to overcome COVID-19. It is a relay event where a participant posts his or her picture of gesturing the word ‘respect’ in sign language along with a hashtag on social media and nominates the next participant. While it was first intended for medical professionals, the campaign expanded from July 6 to encourage all people working hard to fight for COVID-19.   Chairman Yoon Kim joined the campaign as designated by GS Caltex President Huh Se-hong. Chairman Kim nominated Korea University President Chung Jin-taek as the next participant.   Chairman Kim said, “I would like to extend my respect and gratitude to all the medical professionals working day and night behind the scenes in this difficult times. I believe that all Korean people would overcome this hardship united as one. I hope everyone is back to healthy and normal lives as soon as possible.”   Meanwhile, Samyang Group is carrying out various activities to stop the spread of COVID-19 and contribute to disaster relief. Back in March, Samyang Corporation, Samyang Packaging, and Samyang Biopharmaceuticals Corporation donated funds and goods worth KRW 150 million to Korean Red Cross. Before joining a group-wide donation initiative, Samyang Biopharmaceuticals Corporation, a biomedical affiliate, donated 50 non-contact thermometers, which are in high demand throughout healthcare facilities, to Keimyung University Dongsan Hospital, a regional hospital in Daegu designated for COVID-19. Other affiliates also gathered efforts to overcome the crisis in the local community: Jincheon Factory of Samyang Packaging donated food products to Daedeok-gu Volunteering Center, while the Yeosu Factory of Samnam Petrochemical donated KRW 10 million to Munsu Social Welfare Center in Yeosu. 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

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