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  • Samyang Corp 2021.10.12
    Samyang Corporation commercializes biodegradable plastic PBIAT New
    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” New
    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.  

  • Samyang Corp 2021.05.25
    Samyang Creates Biodegradable Eco-friendly Engineering Plastic
    Samyang Creates Biodegradable Eco-friendly Engineering Plastic

    - Development of biodegradable PC and parts; designated as a supervisory company for project by the Ministry of Commerce Industry and Energy - Development of high-value and eco-friendly PC technology using starch ingredients (isosorbide) along with domestic PC production - Reduced period of development with industry–academia–research collaboration; new challenge of developing biodegradable PC using isosorbide - Construction under way for an isosorbide plant with approx. 10,000 annual tonnage in Gunsan, Jeollabuk-do Province; expected to create new markets     ▲ Polycarbonate (PC), an engineering plastic produced by Samyang. Due to its excellent transparency and heat resistance, it is widely used in electric/electronic parts, automobiles, etc.   Samyang is providing a fundamental solution to environmental pollution due to polycarbonates (PC) by developing PC that is degradable by microorganisms under certain compost conditions, such as temperature and moisture.   Samyang (CEO: Kang Ho-sung) stated on the 25th that the development of biodegradable PC using isosorbide and commercialization of its parts are being carried out at the same time. PC is an engineering plastic which has excellent transparency, heat resistance, and mechanical characteristics, and are widely used in electric parts, automobiles, medical equipment, etc. As physical reuse has no price-competitiveness, it was usually buried as landfill or incinerated after use, but the production of toxic substances during this process called for environmental pollution issues.   In 1991, Samyang became the first in Korea to produce PC, opening up a new era of “Made in Korea” PC. Afterwards, development of high-value PC, such as silicon polycarbonates (Si-PC), which enhanced impact resistance, chemical resistance and flame resistance, as well as high heat-resistant PC and transparent flame retardant PC were areas of focus. In 2014, commercial production technology for isosorbide was secured for the first time in Korea, and second in the world. Isosorbide which is produced using starch is a bio-material which can replace bisphenol A (BPA), which is one of the key ingredients of PC.   This technology was recognized, leading to Samyang being designated as the leading supervisory company for the “biomass-based PC and parts development” project by the Ministry of Commerce Industry and Energy on the 13th. Although there were cases of PC being developed using isosorbide, the commercialization of biodegradable PC using isosorbide had not yet been realized.   This project led by the government has the goal of securing original technology for biodegradable PC, where development of biodegradable PCs and internal parts for automobiles are being carried out with the participation of 12 companies, research and academic institutions in and out of Korea. The Korea Conformity Laboratories, which takes part in approving biodegradability, Duckyang Auto, which takes part in developing automobile parts, and domestic finished car companies take part in the approval and parts development to speed up development. As a overseas connection project, professors of material development from Sweden’s research-based general university, Lund University, are also participating.   An official from Samyang said “Various eco-friendly specialty parts using isosorbide will be developed to expand the scope of application for isosorbide and create new markets through active cooperation with other companies.”   On the other hand, Samyang Innochem, a chemical subsidiary of Samyang Group, is currently constructing a plant for isosorbide production with 10,000 annual tonnage, which is expected to be completed by the second half of this year. Isosorbide is a bio-material produced by processing starch extracted from plant sources, and can be used in place of conventional chemical materials for PCs, paint, glue, etc. Especially, plastic produced using isosorbide dinitrate displays enhanced durability, transparency, heat resistance, etc. which makes them the ideal material for the outer casing for electronics such as mobile devices and TVs, as well as protector film for smart phones, automobile fixtures, food containers, eco-friendly construction materials, etc.  

  • Samyang Corp 2021.05.25
    Samyang Obtains 3D Printing NeT Certification
    Samyang Obtains 3D Printing NeT Certification

    - Development of composite material for 3D printing in collaboration with Hyundai Motors and 3D Factory - Prints 10-meter-long products +100x faster than conventional 3D printers - Production of fixtures required for automotive production using 3D printing, speeding up new vehicle development   ▲ Team leader Park Sang-hyun of Samyang’s chemical research lab (4th from left) taking a photo with Director Lee Sang-hun (middle) of the Korean Agency for Technology and Standards during the 2021 NeT & NeP Certification Ceremony at The K Hotel Seoul on May 20.   Samyang obtained New Excellent Technology (NeT) certification from the government for new technology related to 3D printing using open innovation plastics engineering technology. NeT certifications are awarded by the Ministry of Commerce Industry and Energy to innovative technologies that improve or supplement technologies that are newly developed in Korea or already available, and certified products receive various benefits such as loans, tax reduction, and market distribution.   Samyang (CEO: Kang Ho-sung) announced developing an integrated 3D printing technology for laminating and cutting polycarbonate (PC)/carbon fabric (CF) composite material for automotive part fixture (checking fixture) with Hyundai Motors and 3D Factory as well as receiving NeT certification by the Korean Agency for Technology and Standards on the 21st. A fixture is a measurement tool for checking if the parts are manufactured according to blueprints.   The recently approved new technology combined Samyang’s PC composite material for 3D printing with Hyundai Motors and 3D Factory’s 3D printing technology for automotive production to create fixtures required for automotive production using 3D printers. Samyang discovered a large-product printing material development idea from their internal venture promotion program and support the commercialization of related ideas for 14 months.   Although conventional 3D printers had slow printing speeds while producing small results, the new technology can print products of up to 10 meters over 100 times faster than existing 3D printers, which can be used in various cases. Also, precise processing of products less than 0.2 mm is possible, which allows the manufacture of precise fixtures for mid-to-large size parts.   If extra precise fixture production becomes possible using this new technology, it is expected to reduce the development speed of new vehicles. Up to now, whenever a new part was created, a new fixture was required, which was one of the reasons adversely affecting new vehicle development. Although existing fixtures required more than 1 month starting from its design to actual application, fixtures created using the new technology took 50% less time with 30% less expenditure.   An official from Samyang stated, “We succeeded in developing PC composite material for 3D printing based on existing compound and composite technology of our company,” and added, “We were able to greatly reduce the commercialization speed of this technology thanks to active cooperation with related companies.”   On the other hand, the polycarbonate composite material for 3D printing that was developed initially started as a new business idea from Samyang’s internal venture promotion program Growth Talk. Samyang Group receives and reviews new business idea propositions, and supports funds and mentoring, etc. for test product manufacturing and commercialization.

  • Samyang Group 2021.05.11
    Samyang Group Sudang Foundation Held the 30th Sudang Awards
    Samyang Group Sudang Foundation Held the 30th Sudang Awards

    - Professor Emeritus Kim Jang-joo at Seoul National University and Professor Sung Yung-eun at Seoul National University each awarded KRW 200 million and a plaque - Started from 1973 in honor of the founder’s commitment to nurturing future generations, and sponsored continuously by the Samyang Group   ▲  The Sudang Foundation held the 30th Sudang Awards on May 3 in Lotte Hotel, Seoul. From left to right: President Kim Yoon of the Sudang Foundation, Professor Emeritus Kim Jang-joo at Seoul National University Department of Materials Science and Engineering, and his wife, Professor Sung Yung-eun at Seoul National University School of Chemical and Biological Engineering, and his wife, and Chair Jin Jeong-il of the Sudang Awards Steering Committee.     The Samyang Group Sudang Foundation (President: Chairman Kim Yoon of Samyang Holdings) announced on May 4 that it held the 30th Sudang Awards on May 3 in Lotte Hotel in Sogong-dong, Seoul.   This year’s Sudang Awards for Applied Sciences went to Professor Emeritus Kim Jang-joo (66) at Seoul National University Department of Materials Science and Engineering, and Professor Sung Yung-eun (57) at Seoul National University School of Chemical and Biological Engineering. Each received KRW 200 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. Researchers who contributed to academic progress in Korea are selected and awarded every year. 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. It was discontinued temporarily but continued by the Sudang Foundation in 2006 by renaming it as the Sudang Awards and expanding categories in Natural Sciences and Humanities. From 2008, with the Applied Sciences added, awardees from three categories have been selected and each given KRW 100 million and a plaque. There has been a slight change in the selection process starting this year; recommendation letters were received from three categories and two researchers with great achievements were selected regardless of the category. Furthermore, the award money has been increased from KRW 100 million to KRW 200 million to facilitate and motivate research activities. Since the inception of the Sudang Awards, Samyang Group has sponsored the Awards so far.   The award ceremony started with greetings from President Kim Yoon of the Sudang Foundation. It was followed by a progress report by Chair 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 winners in award categories.   Based on its corporate philosophy for social contribution ‘Provide an opportunity to make dreams come true,’ Samyang Group is providing scholarship programs and academics support programs in basic sciences and humanities through the Yang Young Foundation and the Sudang Foundation. The two Foundations have funded scholarships and grants for over 20,000 students, 600 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 contribution activity.

  • Samyang Corp 2021.05.04
    Samyang Corporation’s Q.one EASY TOMORROW to Air a New TV Commercial: “EASY TOMORROW Prediction”
    Samyang Corporation’s Q.one EASY TOMORROW to Air a New TV Commercial:
“EASY TOMORROW Prediction”

    - Featuring actress Hyeri and singer Sung Si-kyung in two types of “prediction” concept commercials - Predicting that you will have a refreshing morning the next day with EASY TOMORROW without trouble after drinking - “Take it first”… representing confidence in its hangover cure effects and the timing to take EASY TOMORROW   ▲ Still image from a TV commercial of Samyang Corporation’s Q.one EASY TOMORROW   The hangover cure product EASY TOMORROW from Q.one is building its image as a leading hangover cure product with a new TV commercial.   Samyang Corporation (CEO: Song Ja-ryang), a food and chemical affiliate of the Samyang Group, announced on April 30 that the company will air a new TV commercial for EASY TOMORROW from May 1.   This new commercial features EASY TOMORROW’s model Hyeri and singer Sung Si-kyung, who is newly cast, in two different versions. Hyeri and Sung Si-kyung start by saying “I will make a prediction” and confidently say that you will have a refreshing morning the next day without causing any trouble after drinking. Background images corresponding their lines such as “Your voice won’t get louder” and “You won’t upset anyone” add more fun.   The commercial ends with “EASY TOMORROW, take it first” and a hand gesture symbolizing the stick and round types of EASY TOMORROW, representing confidence as a leading hangover cure product and recommending taking EASY TOMORROW first before drinking.   An official from EASY TOMORROW said, “We tried to focus on representing the joyful moments of drinking with people, as those moments became more valuable due to COVID-19. We hope EASY TOMORROW becomes a must-have product in your drinking gatherings, making healthy and good memories.”   Based on its young and trendy image, EASY TOMORROW has a strategy to expand its customer base and become a leading hangover cure product. The company has featured male models such as Kim Ha-on, Oh Jung-se, and P.O to approach male customers. Last year, the company unveiled a viral video, which parodied M — a Korean drama series aired in 1994 — and brought back memories and nostalgia in those aged 40 or older. Additionally, the company aired a music video style commercial, which adapted a hit song One Ticket, garnering positive reaction from those in their 20s to those in their 50s.   In last November, the company was awarded 2020 Korea Brand Awards in the category of manufacturing from the Korea Marketing Association, and the brand power of EASY TOMORROW was recognized by both consumers and experts. In January this year, more than 100 million pockets were sold accumulatively despite the market downturn due to COVID-19  

  • Samyang Corp 2021.04.26
    Samyang Corporation’s “About Me” Donates Cosmetic Products Worth KRW 900 Million to “Beautiful Store”
    Samyang Corporation’s “About Me” Donates Cosmetic Products Worth KRW 900 Million to “Beautiful Store”

    - Donated cosmetic products to the socially disadvantaged class and all the profits made at Beautiful Store - Redefined brand philosophy as “Clean Beauty”; expected to fulfill social responsibilities from products to business management   ▲ About Me, a clean beauty brand of Samyang Corporation, held a cosmetics donation ceremony at the Geumulko Center in Seoul. BM Yeo Ji-yoon, the Cosmetic PU (second from the left), took part in the donation ceremony.   “About Me,” a clean beauty cosmetics brand, donated cosmetic products worth KRW 900 million to “Beautiful Store.”   Samyang Corporation (CEO: Song Ja-ryang), a food and chemical affiliate of the Samyang Group, announced on the 20th that its About Me cosmetics donation ceremony took place at the “Geumulko Center” of Beautiful Store located in Yongdap-dong, Seoul.   The cosmetic products donated by About Me will be provided to the socially disadvantaged class, including seniors who live alone and low-income families. Some of the products will be sold at 109 Beautiful Stores nationwide, and all of the profits from sales will be used for the socially disadvantaged class.   An authority of Samyang Corporation’s About Me explained, “About Me has redefined its brand concept as Clean Beauty and is making an effort to fulfill social responsibilities from products to business management, hoping that its donations would help people who are disadvantaged.”   An authority of Beautiful Store said, “Many people are in need of a helping hand due to the prolongation of COVID-19, and we are grateful of businesses that take part in making a world a beautiful place through the value of sharing.”   About Me has re-established its brand philosophy — “refine ingredients found in nature and deliver them to our body” — and launched eco-friendly products and packages. The company is planning to use worry-free ingredients for the skin and undergo skin irritation test on all products. In the long run, About Me 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. 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. Product bottles will be applied with a removable label for easy waste sorting and eco-friendly accessories will be used for sustainability.

  • Samyang Corp 2021.03.31
    10th Annual Shareholder Meeting
    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.

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