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10th Annual Shareholder Meeting Print
Writer administrator Hits 1244 2021.03.31

- 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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