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  • Samyang Group 2022.01.05
    Samyang Group: “The challenge for growth will not stop”
    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.

  • Samyang Corp 2022.01.05
    Samyang Corporation’s AM BU Website Wins Grand Prize in the Chemical Category of “Web Award Korea”
    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.

  • Samyang Group 2021.12.31
    Samyang Group Donates KRW 300 Million to the CCK for the Underprivileged
    Samyang Group Donates KRW 300 Million to the CCK
for the Underprivileged

        Samyang Group (Samyang Holdings Chairman: Kim Yoon) revealed on December 29 that it donated KRW 300 million to the Community Chest of Korea (CCK) to help the underprivileged.   Each Samyang affiliate, namely Samyang Holdings, Samyang Packaging and Samyang Innochem, donated KRW 100 million for the donation, which is expected to support the basic cost of living, education expenses, improvement of living environment and necessary medical fees for the underprivileged. Samyang Group has been donating to the underprivileged through the CCK every year since 2001.   An official from Samyang Holdings said, “We hope that the donation that came from the sincere hearts of Samyang Group’s executives and employees can, in some way, help those who are suffering due to the prolonged COVID-19 situation.”   Meanwhile, Samyang Group is taking the lead in fulfilling its social responsibilities by donating both financial support and goods. Last year in March during the start of the pandemic, Samyang Group gave a considerable donation of financial support and goods worth KRW 150 million to the Korean Red Cross. This year in April, it donated KRW 900 million worth of makeup to the Beautiful Store. The makeup it donated were provided to vulnerable social groups like homeless people, low-income families, etc.   In addition, Samyang Group is also partaking in support projects for scholarships, fundamental science and humanities through two student aid foundations, Yangyoung Foundation and Sudang Foundation, reflecting its philosophy for social contribution: “Opportunities to Make Your Dreams Come True .” Sudang Foundation is currently managing the Sudang Prize and selected recipients who achieved great accomplishments in the field of fundamental science, applied science, as well as humanities and social science, and gave them each a plaque and prize money worth KRW 200 million. Until now, both foundations have been providing scholarships and research grants to about 23,000 students, 700 professors and research organizations.

  • Samyang Corp 2021.12.08
    Samyang Corporation Joins Global Consortium to Advance to Europe with Allulose
    Samyang Corporation Joins Global Consortium to Advance to Europe with Allulose

    - Formed ANFC with global food companies to advance into EU and UK - Submitted a joint application for approval of the allulose novel food to the European Commission and the UK Food Standards Agency - Expected to reduce the time and cost of novel food registration and licensing... accelerating global expansion based on European licensing   ▲Samyang Group’s CI Samyang Corporation is accelerating its entry into the global market by pursuing various global licenses.   Samyang Corporation joined hands with global food material companies to target the European food market.   Samyang Corporation (CEO: Song Ja-ryang, vice president) announced on Dec. 6  that it had participated in a global consortium to promote the European licensing of allulose.   The consortium, named Allulose Novel Food Consortium (ANFC), was joined by global food companies such as Cosun Beet, Ingredion, and Matsutani Chemical in addition to Samyang Corporation.   This consortium is to facilitate the entry of allulose into the EU and UK markets, and ANFC is planning to submit a joint application to the European Commission and the UK Food Standards Agency to apply for approval of allulose as a novel food. Novel Food is a system in which the European Food Safety Authority (EFSA) conducts a safety evaluation of food with no history of consumption in Europe, then evaluates whether it is consumable and usable in food products.   Currently, allulose has been approved as a food ingredient in countries such as Korea, the United States, Japan, and Mexico; and in some countries and regions relevant licensing is underway. Allulose has been registered with the Flavor Extract Manufacturers Association (FEMA) of the US as a product that adds flavor to beverages and dairy products, and is also listed in the US FDA’s Generally Recognized As Safe (GRAS). ANFC plans to promote the exclusion of allulose sugar labeling within Europe after obtaining European approval for allulose. Currently, allulose is excluded from sugar labeling in the Korean and American markets, so the allulose market is continuously growing according to the trend of sugar reduction.   An official from Samyang Corporation said, “Close cooperation with global companies is expected to further save time and cost for registration and approval of allulose novel food,” and added, “The EU approval has a positive effect on obtaining the permission of other international organizations. So, we will further accelerate allulose’s entry into the global market with European licensing as a stepping stone.”   Allulose is a sweetener found in figs and grapes, and it is called a next-generation alternative sweetener because it has a sweetness similar to sugar but has ‘zero’ calories. Samyang Corporation succeeded in commercializing allulose with its own technology in 2016 and is currently focusing on expanding the foundation for global advancement through global public relations activities and discovery of business and distribution partnerships.    * References Companies participating in the consortium Matsutani Chemical Industry - Japan’s leading manufacturer of modified starch products and dietary fibers. Ingredion Incorporated - An American global provider of materials solutions to customers in more than 120 countries. Ingredion provides solutions using plant-based materials such as grains, fruits and vegetables in the food and beverage, animal health, brewing and industrial markets. Cosun Beet Company – A European leader in beet processing and sugar production, developing innovative solutions in plant-based protein, bio-based home care products and green energy.  

  • Samyang Group 2021.11.16
    Samyang Group Hosts “Samyang Innovation R&D Fair 2021”
    Samyang Group Hosts “Samyang Innovation R&D Fair 2021”

    - An annual event to exhibit research results to promote R&D motivation and share knowledge within the group - Exhibition and awarding of outstanding research results... Three awards, including one grand prize and two excellence awards - “The goal is to expand the global market and reorganize the business structure,” said Chairman Kim to improve the speed and success rate of commercialization   ▲ Reference Introduction of SIRF 2021 Award-Winning Projects   Samyang Group (Chairman: Kim Yoon) finds the keys to maximizing existing business performance and discovering new businesses in R&D.   Samyang Group announced that it held the Samyang Innovation R&D Fair (SIRF) 2021 at Samyang Discovery Center in Pangyo on November 10.   SIRF is an event that displays and shares the year’s research results at all research institutes under Samyang Group (i.e. Foodstuffs, Chemicals, Biopharmaceuticals, Convergence Materials Research Institute, Samyang Packaging Tech Center, and KCI Research Institute). Since 2012, Samyang Group has held annual events to increase R&D motivation and share knowledge.   This year’s SIRF minimized the number of on-site attendees and exhibitions to comply with COVID-19 protocols and streamed the event online following last year.   At this year’s SIRF, Samyang Group held an award ceremony for outstanding tasks and the project exhibition, encouraged research and development motivation, and shared research results by presenting projects.   For SIRF 2021’s Excellence Awards, Foodstuffs Research Institute’s “development of next-generation allulose sweetener” won the grand prize, while two tasks jointly won the excellence prize: Chemical Research Institute’s “development of PC/PBT materials for automotive interior components” and KCI’s “development of high-quality hypoallergenic emulsion-type thickener.”   At this awards ceremony, the grand prize winner was selected for the first time in 10 years, making it a more meaningful 10th anniversary of the SIRF. The SIRF Excellence R&D Awards are selected considering profits, contribution to company competitiveness, innovation, and creativity. The grand prize is given only to tasks with economic performance, innovation, and creativity.   On the same day, Chairman Kim Yoon asked the researchers via the in-house intranet, saying, “The core goal of the growth plan is to reorganize the business structure to expand specialty products (high value-added products) and global markets. We hope that the institute will work more closely with the business department and increase the speed of commercialization and success rate, which will be the driving force behind the achievement of the goal.”   ■ Reference Promoting specialty products and global market expansion based on R&D performance Samyang Group is promoting to expand its specialty products (high-value-added products) and global markets to maximize the performance of existing businesses and enter new businesses. The big direction of the new business is the material used in the health and wellness industry. Samyang Group entered the related market with alternative sweeteners such as allulose and prebiotics in the foodstuffs sector. Personal care materials are being fostered in the chemical business sector as a new growth engine to enter the health and wellness material industry. In addition, new materials such as highly functional compounds and biodegradable plastics are added to the business portfolio centered on polycarbonate and compound (a mixture of two or more materials such as resin, additive, and reinforcement) to maximize performance and specialization. Samyang Group’s growth strategies are also revealed in the 2021 SIRF award-winning projects.   Foodstuffs Research Institute’s (grand prize) rapid commercialization of new growth engines with next-generation allulose sweetener Samyang’s Foodstuffs Research Institute developed an alternative allulose sweetener, and won the grand prize for the first time in history at the SIRF. Until now, the excellence prize has been the highest award rating.   Allulose is a sweet ingredient contained in fruits such as figs and raisins, and is called the best next-generation sweetener because it has a sweet taste similar to sugar yet has zero calories. Allulose is used throughout various foods such as ice cream, fermented oil, syrup, and low-calorie jelly.   Allulose is a rare sugar that exists in minimal amounts in nature, but it can be mass-produced by reacting certain enzymes with fructose. The Foodstuffs Research Institute found enzymes that can produce allulose from microorganisms separated from food and succeeded in mass production in 2016. Since then, the institute has secured both cost and quality competitiveness by establishing its own enzyme technology with excellent allulose production capabilities and production process. The institute established products and production technologies and supported the application of allulose to actual products through joint research with client companies through collaboration with application technology development and marketing teams. Samyang’s allulose is being supplied to various customers, including major domestic beverage industries, low-sugar products of dairy industries, and health functional food companies. It is also actively targeting overseas markets by obtaining overseas sales permits, patent applications, and the United States FDA GRAS (“Generally Recognized As Safe”) registration as well as Kosher and Halal certification. The institute is also conducting joint research with global food companies to apply allulose to sauces, juice and beverages.   Samyang Corporation’s sales of allulose are expected to increase nearly ten times this year compared to 2018. Demand for allulose continues to increase thanks to interest in health and low-sugar trends. Samyang Corporation estimates that the global market size of Allulose was about KRW 20 billion last year and expects growth by 20 to 30 times by 2030. In line with this, Samyang Corporation has promoted overseas expansion and currently has sales permits in the United States, Latin America and Asia, and plans to continue to expand to major markets such as Europe. To cope with the growing overseas demand, establishing a local corporation is also being considered from a long-term perspective.   Chemical Research Institute reinforces competitiveness of existing businesses by developing specialty materials for automobiles Samyang’s Chemical Research Institute won the excellence award for improving physical properties so that “metal-textured plastic materials” (product name: Metalinus) can be used for automotive interiors. Automotive interior materials are continuously exposed to chemicals, such as air fresheners and cosmetics on human hands, and direct sunlight, requiring high chemical resistance, heat resistance, and light resistance.   Metalinus is an engineering plastic that can express various colors by inserting aluminum flakes (pieces) into polycarbonate (PC), a type of heat-resistant engineering plastic (EP), and implement a metal texture by applying Samyang’s coloring technology. Existing plastic products require a separate painting process to create a metal-like feeling, but Metalinus does not need an additional painting process because it can express metal texture and various colors only with plastic materials. Therefore, sophisticated components can be molded, and product production costs are reduced by omitting the painting process. In addition, since dyes containing substances harmful to the human body are not used, they are environmentally friendly. There is no color fading or peeling that may occur when the painted product is old. Since its launch in 2019, it has been applied to various premium household appliances such as air conditioners, vacuum cleaners, and washing machines as it can make products with sophisticated designs compared to metals cost-effectively, thus welcomed by client companies such as electronics companies.   Samyang’s Chemical Research Institute developed Metalinus for automotive interiors with improved chemical resistance, moldability, heat resistance, and light resistance by compounding (mixing) polybutylene terephthalate (PBT) on PC instead of acrylonitrile butadiene styrene (ABS) to apply Metalinus to vehicle components. Developed by the Chemical Research Institute, the material is applied to nine models of domestic automakers by replacing existing PC and ABS compound materials on dashboards inside vehicles – which requires to endure heat over 100 degrees Celsius – and consoles, including center fascia, due to its excellent heat resistance and light resistance. Samyang’s Chemical Research Institute continues to conduct joint research with the automotive industry to apply the material to new models and is also preparing for overseas exports.   KCI targets global corporate monopoly markets by developing emulsion-type thickener KCI, a specialty material production company for personal care products, won the excellence award for its high-quality hypoallergenic emulsion-type thickener. As a result, KCI has become the second company in the world to produce emulsion-type thickener. Emulsion-type thickener is a multifunctional composite material with all three functions: a thickener that enhances the viscosity of cosmetics, a softener that makes skin smooth, and an emulsifier that mixes the water layer (water component) and the oil layer (oil component). Emulsion-type thickeners are easy to use and maintain viscosity in a broad acidity (pH) range. In addition, it can be applied to products made at low temperatures due to its excellent solubility, so it is used throughout cosmetics such as skincare, hair care, and personal care products. Thanks to its various advantages, demand from the personal care industry, including cosmetics, is high, but production is complex, so French companies have been exclusively supplying it.   KCI started developing Emulsion-type thickeners in 2015 and developed the first-generation product in a year, but it did not secure much market share due to its low-cost competitiveness and lack of product portfolio. Accordingly, KCI started developing second-generation products in 2017 to secure production stability and improve quality and completed the development of nine second-generation product portfolios last year. Second-generation products are characterized by a variety of differentiated product lineups along with high quality.   KCI’s emulsion-type thickener portfolio consists of products for high viscosity cosmetics such as elastic cream and moisture cream, products for manufacturing nutritional cream and essence, products specializing in sunscreen and mask packs, and products using natural ingredients to target the European market. Products using natural-derived raw materials are considered secret keys to target the European market. KCI’s emulsion-type thickener sales had more than tripled from 19.5 tons in 2017, at its early stages of commercialization, to 110 tons this year. KCI plans to target the Asian market first and secure a global market share of around 10% by 2025 by targeting Europe and the Americas, where competitors dominated.

  • Samyang Corp 2021.10.22
    Samyang Corporation presents prebiotics material solution
    Samyang Corporation presents prebiotics material solution

    - Third Samyang Ingredients Academy (SIA) seminar for food business researchers and industry heads - Application cases of prebiotics material such as indigestible maltodextrin, fructooligosaccharide, and introduction of labeling - One-stop solution from development to advertising following increased interest in prebiotics materials due to COVID-19   ▲ A photo of the 3rd Samyang Ingredients Academy (2021 SIA); an employee of Samyang Corporation’s Food Business Unit is hosting a webinar over a livestream video system at the Pangyo Samyang Discovery Center.   Samyang Corporation is reinforcing its foothold in the recently exploding prebiotics market. Prebiotics refer to food that good bacteria—that is probiotics, including lactobacillus—eat in the gut.   Samyang Group’s food business and chemical business subsidiary Samyang Corporation (CEO: Song Ja-ryang) announced on Oct. 19 that it successfully hosted the 3rd Samyang Ingredients Academy (SIA) seminar in the form of a webinar.   SIA is a seminar on food materials participated by food and beverage researchers and industry heads. It started in 2017 as a seminar where clients were invited. Since last year, however, it changed into a webinar format to be held 3 times a year. Such change reflects the strengthened competitive edge that the company is working toward in the food business by introducing specialty products (high value-added) that can respond to changing trends including how such products can be used as a solution.   At this year’s SIA, Samyang Corporation introduced fructooligosaccharide, indigestible maltodextrin, and wheat fiber, a new imported product, to the 130 or so participating researchers and industry heads. Samyang Corporation also introduced the prebiotics in production, including cases of application to cereal bars and chocolate. Moreover, it suggested ways of applying functional labels to ordinary food.   The fructooligosaccharide and indigestible maltodextrin are ingredients that can be labeled with their function. Indigestible maltodextrin is a type of water-soluble dietary fiber containing more than 85% fiber. It promotes digestion, regulates bowel movement because it is difficult to absorb, prevents blood sugar from rising after eating, and helps improve neutral lipids in the blood. It is used in beverages, cereal bars, cookies, breads, and fermented dairy products. Fructooligosaccharides are an ingredient in health food products that can help with regulating bowel movement and in the proliferation of good bacteria in the gut. It is as sweet as sugar and can be applied to dairy products and processed chocolate products.   Samyang Corporation introduced “Fiberest,” a brand for indigestible maltodextrin, and started a full-scale marketing campaign. Fiberest’s name, combining fiber and the superlative “est,” is intended to mean the best fiber.   “Due to COVID-19, interest in good health has increased, and the prebiotics and probiotics markets are growing together. Samyang Corporation will be a one-stop shop, from providing the function and the property that the manufacturer desires to labeling solutions for ordinary food, and it will contribute to securing diversity in food business products,” an official of Samyang Corporation said.

  • Samyang Corp 2021.10.12
    Samyang Corporation commercializes biodegradable plastic PBIAT
    Samyang Corporation commercializes biodegradable plastic PBIAT

    - Commenced mass production of biodegradable plastic PBIAT, which is based on biomass “isosorbide” - Carbon-neutral and tougher than petroleum-based PBAT, showing faster biodegradation as well - Will promote the expansion of application to disposable straws and adhesives for tape in addition to film-type use   ▲Isosorbide-based biodegradable PBIAT commercialized by Samyang for the second time in the world and plastic film made using PBIA   Samyang Corporation is accelerating the eco-friendly plastic business by commencing the mass production of a biodegradable plastic material it developed independently using “isosorbide.” Isosorbide is a biomaterial produced through chemical processing of starch extracted from plants such as corn. As a substitute for preexisting chemical materials, isosorbide is used to produce plastics, paints, and adhesives.   Samyang Corporation (CEO: Kang Ho-sung) announced on the 7th that it had started mass-producing PBIAT, a biodegradable plastic material, at Jeonju Plant. Samyang’s PBIAT is used to produce disposable plastic bags. The company plans to expand the application of this material to agricultural plastic mulch films (film used for covering soil to control weeds and moisture).   PBIAT (polybutylene isosorbide adipate-co-terephthalate) is an eco-friendly plastic created by remedying the shortcomings of PBAT, which is a petroleum-based biodegradable plastic, through the use of isosorbide. Containing isosorbide, a biomaterial, PBIAT is carbon-neutral, naturally degrading in soil faster than PBAT. It is also tougher than PBAT. As thinner and tougher products can be made using a smaller amount of PBIAT than PBAT, PBIAT also reduces the amount of plastics used.   Samyang’s strategy is to replace not only PBAT but also general biodegradable plastics with PBIAT, a material with superior properties and outstanding eco-friendliness. To implement this strategy, Samyang is reviewing market expansion from the existing film-type use to disposable biodegradable straws and adhesives for tape.   Compared to PBAT, Samyang’s PBIAT is more flexible and is consequently helpful in improving straw quality. It can also reduce the defect rate in the manufacturing process. For adhesive tapes, which are mainly used for parcel packing, paper-type products have been released in line with the recent trend of eco-friendliness. However, the adhesives applied to the inner surface of the tape are made of chemical materials. The adhesives made with PBIAT are expected to contribute to lowering carbon emissions compared to conventional products made using chemical materials.   In addition, PBIAT enables Samyang’s entry into the EU market as it meets the EU’s regulatory conditions for biodegradable plastics. In Europe, only materials with biomass content of at least 50% can be used for disposable plastic envelopes. Samyang currently has the capacity to produce PBIAT with up to 50% biomass. It is continuously studying technologies to increase the biomass content. “We will continuously promote the development of highly functional eco-friendly materials without the shortcomings of the existing biodegradable plastic products by using isosorbide, a biomass material, and applying our organic synthesis and polymerization technologies. We will develop plastic materials that are degradable not only in soil but also in the sea for new purposes, such as to produce fishing nets,” a Samyang official said.   In 2014, Samyang secured the commercial isosorbide production technology for the second time in the world. The company is building an isosorbide factory with an annual production capacity of approximately 10,000 tons at the Samyang Innochem Corporation Plant. With the factory’s construction soon to be completed, Samyang is developing a variety of applicable technologies and products and is preparing for commercialization. In April 2020, Samyang was selected as the leader of the Biomass-Based Biodegradable Polycarbonate (PC) and Parts Development Project supervised by the Ministry of Trade, Industry and Energy. They are currently working on developing isosorbide-based biodegradable polycarbonates and commercializing automobile components using this material.

  • Samyang Group 2021.10.08
    Celebrating its 97th anniversary, Samyang Group makes a leap toward becoming a “global specialty solution company”
    Celebrating its 97th anniversary, Samyang Group makes a leap toward becoming a “global specialty solution company”

    - Posted celebratory message on the intranet in time for the company’s anniversary to replace celebratory event due to the COVID-19 pandemic - Leading the health and wellness, eco-friendly, and advanced materials businesses to achieve advancement based on specialty materials, global market expansion, and digital innovation - To promote shared growth with employees by overcoming difficulties and to promote ESG by succeeding and developing the value of ethical management   ▲ Chairman Kim Yoon of Samyang Holdings   Celebrating its 97th anniversary, Samyang Group (President: Chairman Kim Yoon of Samyang Holdings) is taking a leap toward the future by looking back on its past.   On September 30, a day before its foundation day, Samyang Group announced the posting of a celebratory message on the intranet. Before the outbreak of COVID-19, Samyang Group held a trekking event to celebrate its foundation and to promote communication with employees. Over the last two years, however, the event has been replaced with the posting of celebratory messages.   For this year's celebratory message, Chairman Kim Yoon urged employees to “advance into a global (high-value) specialty solution company that leads the health and wellness, eco-friendly, and advanced materials businesses in order to respond to the rapidly changing times.” Chairman Kim also proposed “specialty materials, global market expansion, and digital innovation” as the foundation for the company’s advancement.   Recently, Samyang Group has been strengthening the health and wellness-related businesses by securing leadership in the specialty food materials field, such as for allulose, a sugar substitute, and prebiotics, fostering the personal care materials business. The group is also accelerating the development of eco-friendly materials including highly functional compounds and biodegradable plastics.   “For isosorbide, a bioplastic, we are preparing for commercial production as well as market entry through the development of various eco-friendly materials using isosorbide. As for SENS, an independently developed bio drug delivery system, we are promoting an open innovation in Korea and abroad,” said Chairman Kim, emphasizing Samyang Group’s global management performances—including the development of specialty technologies in which the company had invested over a long period with a goal of securing global market leadership.   Lastly, Chairman Kim reiterated that the success of a business depends on people. “We will further strengthen talent development by promoting the digital transformation of human resources and improving the system.” Chairman Kim asked the employees to succeed and develop ethical management that had been continuously implemented since the company’s foundation in order to achieve shared growth between the company and employees and ensure response to the management environment that encourages environmental, social and governance (ESG) based on the employees’ voluntary capacity building. 

  • Samyang Group 2021.08.03
    Samyang Group Holds Digital Meeting and Commits to Vision 2025
    Samyang Group Holds Digital Meeting and Commits to Vision 2025

    - Responding to uncertainty by reorganizing key businesses and improved execution with business directions for the second half - Highlighting the importance of executing Vision 2025 to “emerge as a global specialty solution company” - Calling for “focus on health and wellness, and accelerating eco-friendly efforts”   ▲ Chairman Kim of Samyang Group encouraged employees to overcome the pandemic and achieve Vision 2025 in a video message. "Commitment of all employees as a driving force to achieve goals"     Samyang Group (Chairman: Kim Yoon) has committed to overcoming the pandemic and achieving its Vision 2025 in a digital meeting.   Samyang Group announced on August 2 that it held the 2021 Group Meeting online on the same day. Chairman Kim routinely shares with employees the company’s key performance and business directions through new year’s kick-off and other meetings. Chairman Kim actively communicated with employees online since the advent of COVID-19 and social distancing.   In a video message, Chairman Kim said, “We should reorganize our key businesses and focus on improving execution to respond to the new normal where uncertainty is increasing.” He also presented three business directions to respond to the current pandemic and promote mid- and long-term growth by improving execution for Vision 2025, continuing with digital transformation, and stabilizing a new HR system.   Vision 2025 is the mid- and long-term growth strategy of Samyang Group. Its goals are to focus on promoting the health and wellness business, discovering new opportunities in the eco-friendly and advanced materials businesses, and emerging as a global specialty (highly functional) solution company. It mainly aims for qualitative growth by advancing the company’s business structure, such as operating more than 30% of its assets in the global market and creating more than 60% of its earnings from specialty products by 2025.   Chairman Kim said, “To improve execution for Vision 2025, we should strengthen our specialty business, accelerate our global efforts, utilize open innovation, and discover convergent businesses. To reinforce specialty, we will focus on health and wellness by expanding the business scale of nutrition, medical and personal care, while accelerating our eco-friendly efforts by successfully commercializing the biodegradable plastic material isosorbide and solidifying the recycling business.”   Chairman Kim also called for promoting digital transformation and stabilizing a new HR system. Since last year, Samyang Group pushed for ERP restructuring and robot process automation (RPA) to establish the digital system and change the way employees work. In addition, Samyang Group also overhauled its HR system to build capacity for employees and respond to an extremely elevated external uncertainty. With the introduction of the new HR system, Samyang Group is creating an environment where the company and its members grow together and voluntarily dedicate themselves to delivering outcomes.   Finally, Chairman Kim ended the meeting, saying “Vision 2025 can be achieved only when the company and our employees grow together. Let’s overcome the crisis and build the base for growth based on our consensus about goals.”  

  • Samyang Corp 2021.07.08
    Samyang Develops New Biodegradable Plastics Using Isosorbide
    Samyang Develops New Biodegradable Plastics Using Isosorbide

    - Successfully converted oil-derived biodegradable plastics into plant-derived biomass-based biodegradable plastics - Biodegrades faster and more durable than preexisting oil-derived biodegradable plastics, which consequently reduces plastic consumption - Developed new materials and presented optimized compounding products based on the convergence of food and chemical technologies   ▲The world’s first isosorbide-based biodegradable plastic and plastic film developed by Samyang Corporation. This plastic film can be used for producing disposable plastic bags, agricultural plastic mulch films (film used for covering soil to control weeds and moisture), fishing nets, etc.   Samyang Corporation (Samyang) has developed new bioplastics using isosorbide. Bioplastics are divided into biomass-based plastics and biodegradable plastics depending on their raw materials and biodegradation. Biodegradable plastics are plastic degraded in soil, seawater, composting facilities, etc. Biomass-based plastics, on the other hand, are made from natural ingredients such as corn or sugarcane.   On July 6, Samyang Corporation (CEO: Kang Ho-sung) announced that it successfully developed isosorbide-based biodegradable plastics while remedying the shortcomings of oil-derived biodegradable plastics. Isosorbide is a biomaterial produced through chemical processing of starch extracted from plants such as corn. Isosorbide is a substitute for preexisting chemical materials used to produce plastics, paints, and adhesives.   Isosorbide-based biodegradable plastics developed by Samyang Group Chemical R&D Center contains isosorbide which is a biomaterial. This material is more carbon neutral and degrades faster in soil than oil-derived materials. In addition, it is more durable and tougher than oil-derived materials. Thus, it can be made into thinner films, which consequently reduces plastic consumption. Samyang’s isosorbide-based biodegradable plastics are mainly used to produce disposable plastic bags, agricultural plastic mulch films (film used for covering soil to control weeds and moisture), fishing nets, etc.   Not only did Samyang develop the world’s first isosorbide-based biodegradable plastics, but they also succeeded in developing compounds optimized for film processing based on the convergence of food and chemical technologies. Thermoplastic starch should be compounded to process biodegradable plastics into films. As the content of thermoplastic starch which is a plant-derived material increases, it is more eco-friendly, but difficult to process into films due to low tensile strength.   Samyang is Korea’s only company that runs both starch and chemical compound business. After two years of technology convergence research, they finally developed the optimal thermoplastic starch compounding technology. Biodegradable plastics with biomass content that exceed 50% meet EU’s regulatory standard for biodegradable plastics and are able to enter the EU market.   An official at Samyang said, “We succeeded in developing isosorbide based on our technology convergence. In addition, we are continuously working on developing eco-friendly plastics based on this technology. We will put forth the efforts to reduce carbon emissions by expanding the use of biomass-based isosorbide.”   In 2014, Samyang secured the commercial isosorbide production technology for the first time in Korea and the second in the world. Samyang is building an isosorbide factory with an annual production capacity of approximately 10,000 tons at the Samyang Innochem Corporation Plant, with the goal of completing the construction in the second half of this year. In addition, it is developing a variety of applicable technologies and products in preparation for the completion of the isosorbide factory. In April 2020, Samyang was selected as the leader of the Biomass-Based Biodegradable Polycarbonate (PC) and Parts Development Project supervised by the Ministry of Trade, Industry and Energy. They are currently working on developing isosorbide-based biodegradable polycarbonates and commercializing automobile components using this material.  

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